The positiveness in the international
market has supported Gold and Silver prices in domestic market also.
As anticipated, Silver has surged
sharply and witnessed a gain of more than 2%. Currently Silver (July)
is trading above 55500 level. Gold has reached above 30200 mark,
up by nearly 1%.
Crude oil seems to have recovered the
bullish trend and its June futures has gained more than 1.20% on MCX.
Despite rupee strengthening against dollar, these commodities are
doing well on the exchange.
Copper has also breached the
resistance level of 411.50 and now the prices are expected to reach
416-419 soon.
MCX Gold (August futures): Buy - 30300, stop-loss of Rs - 30220 and the
target – 30450-500
Sell
below 30150 TG- 29950-29900
MCX
Silver (July futures): Buy - 55550, stop-loss of Rs - 54200 and the
target - 55800-56200
MCX
Copper (June futures): Buy - 412.50, stop-loss of Rs - 409.50
TG-414.50-416.50
