mcx gold October contact range bound ahead of US job
data at 6 pm, gold made high 27632 and low at 27512, silver December
contact traded at 42300 with green while low of day at 42206,
comax glod trend: $1273.43 made high while low of day
at $1276, rupee open strong than dollar at 60.425.
base metal nickel was uptrend open today at 1152 and
made low at 1149 while high at 1177, base metal copper made high at
425.9 and low at 424.1 .
crude oil look down trend open at 5761 ans low at 5741
high of day at 5766.
mcx commodity calls:
sell gold above 27640 target 27550/27460/27380 stoploss
27750
sell silver above 42300 target 42200/42100/42000
stoploss 42450
sell nickel above 1175 target 1165/1155/1145 stoploss
1189
sell crude oil above 5760 target 5740/5720/5700 stoploss
5793
Bank nifty traded down with low prices of 119.25 or -0.76% to 15990.35 led by down bank of india, canara bank, Federal bank, PNB down above 2%.
ReplyDeleteStock commodity tips
As depicted by Epic research Gold fell as the dollar's rally against a basket of major currencies decreased bullion's appeal as a currency hedge.
ReplyDeleteGOLD (5 DEC.) TREND: CONSOLIDATE
ReplyDeleteRES 1: 27300
RES 2: 27500
SUPP 1: 26800
SUPP 2: 26500
STRATEGY: SELL ON HIGH
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