MCX Bullion Tips :- MCX Bullion Commodity is traded on edge. Gold with gain 0.20% is trading at Rs 30 173 and silver with strength of half per cent is at Rs 54 665 level. International markets silver and gold being seen are also trading with strength.
Gold August Futures Buy Rs -30 100, Stoploss - 29 970, Target -30 350.
Silver July Futures Buy - 54 100, Target -55 000, Stoploss - 53 900.
MCX Base Metals Tips :- Base metals business is even better. MCX copper, lead and zinc is trading with a half per cent up. aluminum is light fast and nickel remains in pressure situation.
Copper June Futures Buy - 412, Target -420, Stoploss – 408.
Zinc June Futures Buy Rs -104.80, Stoploss – 103.50, Target -107.50.
Lead June Futures Buy -106.50, Target -109, Stoploss -104.50.
Aluminum June Futures Buy – 107.50, Stoploss -106.50, Target - 109.50.
Nickel June Futures Buy – 930, Target - 955 Stoploss -918.
Today Domestic Market Gold has reached record heights. But international Market Gold price is below 15% to record levels. MCX Gold with 0.3% up is trading at Rs 30 130. while In Delhi spot Market Gold has managed to reach record heights to Rs 30 550.
Of course currency has played major role in Gold move. But AMFI figures are tells a different story. According to AMFI this year ETF Gold invest is significantly reduced. ETF Gold investment is only Rs 9 crore this year while last year ETF Gold investment was 690 crore. Gold futures trading has decreased. As well as this week elections in Greece. speculation that Greece out of Euro zone.
Gold has potential to fall further. Gold will remain under pressure due to Greece elections and MCX Gold price level may down Rs. 29300 – 28500. But Gold is only broken sleep when Greece exit from euro zone. In coming days Gold business is going to depend on Rupee's movement.
Starting of this year Gold price was Rs. 27300. Since early days of the year in June Gold price has risen 12% to Rs 30 420. while early days of year COMEX Gold has fall from $ 1,921 now 15% down to $ 1,620.
Gold has got good support of growing weakness in Rupee against Dollar. But is fell in international Market due to Dollar strongly. Rupee against Dollar has down 27% from 44.07 level to 55.75.
After initial slowdown in domestic market gold and silver now it is light gained. MCX Gold with 0.25% strength is up above Rs 30,000. while Silver with light fast is trading at Rs 55 160. International market Bullion Commodity Gold Silver is seen declining trend.
MCX Bullion Tips
Gold Buy - 29 900, Stoploss - 29 700, Target -30 200.
Silver Buy - 54 400, Target - 56 100, Stoploss - 54 400.
MCX Commodity Updates
MCX crude oil is trading flat and price is 4637/Barrel. NYMEX Crude Oil price with half per cent decine is trading at $ 82.
Base metals are traded with strength. MCX Copper, aluminum and nickel is trading with half per cent strength. Lead and zinc have been gained 0.30%.
MCX Base Metals Tips :- Base metals are volatile today. Copper is on selling pressure. Nickel is also falling. zinc and lead are remains firmly. despite of weak Rupee domestic market Copper is trading around Rs 410. MCX Nickel around 1% decline and Aluminum has most of decline nearly 0.5%.
Crude Oil Trend :- NYMEX, ICE and MCX Crude Oil is trading with 2-2.5% fast. Spain stimulus package has totally changed moves of crude oil. as well as China's Increased imports crude oil on boil. But catch is that Spain itself a sign that the stimulus package is inadequate. So the big question in minds of investors is that how fast the oil is sustainable. MCX crude oil is trading at Rs 4770 With 2 gain.
MCX Base Metals Tips :- Base metals also boom today. Despite of Rupee strong copper and other metals business is up by 1.5%. London Metal Exchange copper prices jumped more than 2% has risen above $ 7450 due to Import growth in China and Spain bailout. So MCX Copper is trading at Rs 412.20 with strength about 2%. In addition other metals have gone up by 0.5-1%.
Copper June Futures, Buy - 410, Target – 416, Stoploss - 406.
Nickel June Futures, Buy - 930, Stoploss - 920, Target – 948.
MCX Silver Tips :- International market Gold and silver is looking up. domestic market Gold and silver are strong today. MCX gold is trading at Rs 29 650 With nearly 0.5% gain. While Silver have been exceeded with 1% up to Rs 54,800.
MCX Silver July Futures, Buy - 54 450, Stoploss – 54000, Target – 55200.