Strength in base metals have been noticed. London Metal Exchange copper prices have once again gone beyond $ 8,300. Rapid effect of the London Metal Exchange on the domestic market is also being witnessed. However MCX Aluminum fell 0.2 per cent. There is 0.25-0.5 per cent in the rest of the metals. Currently, with a gain of 0.25 per cent on MCX Copper is trading at Rs 453.30.
Following Thursday's sharp fall in crude oil has been rising. Hence, despite the weakness in the rupee has gained in MCX crude oil. NYMCX the crude oil above $ 94 is gone. With Brent crude is trading above $ 110. The 0.4 per cent on MCX crude oil is trading at Rs 5040 with strength.
Gold and silver trading is sluggish today. Rupee being weak as against dollar, strong pressure is being witnessed in gold and silver. Currently, with a decline of 0.2 per cent on MCX gold is trading at Rs 31 860. While the silver is trading flat at Rs 64,370.
Today there is a sharp decline in red pepper, red pepper yield this year, nearly 15 per cent is expected to come. The expiry date is September futures.
Commodity Tips:
MCX Copper (Nov Futures): Buy - 454.50 stoploss - 452 and the target - 458/461
MCX Nickel (September Futures): Buy - 975, stoploss - 961 and the target - 993/1000
MCX Zinc (September Futures): Buy - 113.10 stoploss - 112.20 and target - 114.20/115
MCX Lead (September Futures): Buy - 122.10 to 122.20, stop - and target 121.20 - 123.20 to 124
MCX Aluminum (September Futures): Buy - 113.30 stoploss - 112.40 and target - 114.50/115
MCX Crude oil (October Futures): Buy - 5045-5047, stoploss - 5010 and Goals - 5088/5110
Natural Gas MCX (September Futures): Buy - 152.50 stoploss - 150 and Goals - 155/156.50
MCX Gold (October Futures): Buy - from 31,885 to 31,890, stoploss - 31800 and the target - 31995/32050
MCX Silver (December futures): Buy - from 64,340 to 64,350, stoploss - 64100 and the target - 64740/64950
NCDEX chillies (October futures): Sell - 5480-5510, stoploss - 5700 and target - 5150
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