MCX Gold Silver Tips

MCX Gold Silver Tips

MCX Gold and Silver is sluggish today. Gold with light decline of 0.10% is currently trading at 29420 while Silver with 0.20% weakness is trading at Rs. 52818. COMEX Gold Silver also down.

Gold Buy at 29,380, Stoploss -29 300, Target - 29 550.

Silver Buy – 52,600, Target -52,950 – 53,100, Stoploss - 52 250.

MCX Base Metals are mixed traded. Copper half per cent while zinc is seen more strongly by 0.5% while Lead also showing slight edge of 0.20%. However Aluminum and Nickel remains in pressure situation.

MCX Copper and Nickel Tips

Copper Sell - 424.5, Stoploss - 427, Target – 417.

Nickel Sell - 895, Target – 865, Stoploss - 905.

Crude Oil Trend :- After largest decline of this year now international market Crude Oil price is come at lower level of last week. NYMEX Crude Oil September futures traded on decline. Crude Oil price delined due to China's poorly figures and deteriorating situations of Europe. MCX Crude Oil is also trading with weakness. MCX Crude oil with decline by 1% is once again came down to RS. 5000.

NCDEX Castor Seed November futures leaping of 2.5%. Red Chilli August and September futures also are trading with edge of 1.5-2% However Cotton Khali August and September futures broken up 3% while Soybean August, November and December futures recorded weakness of 3%.

NCDEX Agri Commodity Tips for Today

Chana Buy 4750, Target - 4 830, Stoploss - 4 720.

Soy Oil Sell - 794, Stoploss -799, Target -790 – 785.

Black Pepper Buy 43,250, Target - 44 000, Stoploss - 42 800.

Cumin Sell - 16,100, Stoploss -16 190, Target -15 800.