MCX Report
Bullions may open on flat note tracking mixed overseas cues. Gold may trade in range of Rs. 22,100-22,300 and silver may trade in range of Rs. 53,500-55,000 in domestic market. Base metals may open on flat note amid mixed movement in SHFE. Copper may trade in range of Rs. 430-440 in domestic market. Energy prices may also trade sideways on mixed path ahead of key nonfarm payroll data scheduled today. Crude oil can trade in range of Rs. 4,300-4,400 in domestic market.
Trading Strategies
Intraday Traders can Buy Silver September contract above 55150 for targets-55500-55800-56000 stoploss below 54700
Below 54350 start selling silver to target 54000-53800.
Bullions may open on flat note tracking mixed overseas cues. Gold may trade in range of Rs. 22,100-22,300 and silver may trade in range of Rs. 53,500-55,000 in domestic market. Base metals may open on flat note amid mixed movement in SHFE. Copper may trade in range of Rs. 430-440 in domestic market. Energy prices may also trade sideways on mixed path ahead of key nonfarm payroll data scheduled today. Crude oil can trade in range of Rs. 4,300-4,400 in domestic market.
Trading Strategies
Intraday Traders can Buy Silver September contract above 55150 for targets-55500-55800-56000 stoploss below 54700
Below 54350 start selling silver to target 54000-53800.
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