The
rupee appreciation as We said would be a key factor to watch out for
today. But I do not see much of an appreciation coming out although
the upbeat global sentiments have come up positive for the markets.
Also, the retail sales data which has come up from the US has been
positive. So, overall the base metal pack is trading upside.
In
Indian market, we would recommend selling the MCX crude contract for
the month of October at around Rs 4,870-4,880 per barrel levels.
We
expect the markets on the silver
to
be upside. Hence, we recommend buying silver at around Rs
59,400-59,500 per kilogram.
Sell
gold, MCX on December Rs 31,050 per 10 grams to around Rs 31,070 per
10 grams levels. Place a stop loss around Rs 31,170 per 10 grams for
targets of Rs 30,850 per 10 grams.
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