In the Domestic market, Gold and silver seems to be pressure on selling. However, there is a slight improvement from the lower level. MCX Gold dropped by 0.22 per cent at Rs 27552. However Silver Declined by 0.63 percent at 41272 Rupees in the MCX exchange. In the International Market, There is also a pressure in Gold and silver trading prices. Comex Gold is at $1282 and Silver is at $19.5 dollar on Comex Exchange.
Crude Oil is also Come Under pressuer. Crude Oil Had Lost its initial strength while now it recovers its loss and trading in profit in the domestic market. MCX crude Oil is trading in 6468 with +9 Points and NIMX Crude Oil is trading in $105 level. The U.S. Energy Department report today is going to come.
Base metals have declined. MCX Copper is up 0.5 per cent at Rs 428. Nickel, lead, zinc also has weaknesses. Aluminum is trading flat.
Agri commodities sharp decline in mustard. NCDEX mustard rolled August Futures is 1.5 per cent. The decrease in demand pressure on prices came from the mustard.
Tips for Outlook Stock
MCX Gold (August Futures): Sell - from 27,550 to 27,600, stoploss - 27750, Target - 26400
MCX Silver (Sept futures): Sell - 41500, stoploss - 41700, Target - 41000
MCX Crude oil (August Futures): Sell - 6500, stoploss - 6550, Target - 6400
MCX Copper (August Futures): Sell - 430, stoploss - 433, Goals - 425
MCX Lead (August Futures): Sell - 130, stoploss - 131, Goals - 128.5
NCDEX Mustard (Sept futures): Sell - 3205, stoploss - 3235, aim - 3175-3170
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