Gold
is over early fall. Though the international market is in the heavy
sell off position. The weakening of the rupee against the dollar,
supporting gold prices in the domestic market. At Comex the gold is
trading with the fall of 0.3 percent. On MCX today the gold is
trading like silver and the silver is behaving like gold. With a gain
in the later trade the mcx silver has reached to the 61460 level. On
MCX crude oil is trading with gain at 4750.
Therefore
after analyzing the market we recommend MCX Crude oil (July Futures)
a Buy call at 4790 with stoploss of 4750 for the target of 4870.
MCX Nickel (December futures) must be Buy call at 965 with strict stoploss of 950 and the target is 985.
MCX Nickel (December futures) must be Buy call at 965 with strict stoploss of 950 and the target is 985.
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