Because
of sharp decline in COMEX, Domestic Market Gold and silver looks
weak. NYMEX Crude Oil slipped 2% and LME Copper decline by 1%. MCX
Gold is trading at Rs 29 170 With 0.5% down. While silver has been
0.5% fall to Rs 53 725. MCX Crude oil slipped 1.5% and is trading at
Rs 4625. MCX base metals is seeing weakness of Around 0.25 to 1%. MCX
Copper is trading at Rs 407.35 with Around 1% weakness.
MCX
Tips for Today
Copper
June Futures, Sell – 412, Target – 398, Stoploss – 415.1.
Gold
August Futures, Sell - 29 580, Stoploss - 29 740, Target – 28800.
Silver
July Futures, Sell - 54 950, Target – 52800, Stoploss - 55 400.
NCDEX
Trend :- NCDEX cotton cake is in declining trend. NCDEX cake
cotton July futures is trading below Rs 1,200 with declined about
1.5%. However NCDEX Maize and Soybean strength by 0.5%.
