Effect
of international market crash is looking at domestic market gold and
silver. gold 0.6 % and silver declined by 1% as well as NYMEX Crude
oil slipped 1.2%.
MCX
gold with flat is trading at Rs 29 665 while Silver business is just
flat above 52,000. Crude oil slipped nearly 0.5% to Rs 4680 has
arrived. Domestic Market gold and silver are not dominated by fall
due to Rupee has led to weakness. Also MCX Base Metals recorded 0.25
to 0.5% decline.
MCX
Tips Silver and Copper Tips
Silver
September Futures Sell - 53000, Stoploss – 54000, Target - 51 500.
Copper
July Futures Sell - 425, Stoploss – 430, Target – 415.
NCDEX
Updates
:- NCDEX Chilli is trading at Rs 4910 with 0.5% down. Soybean
November futures declined by 0.5%. cotton Feb Futures has come down
to Rs 980 and weak 2%. NCDEX Turmeric with strength of 0.5% is
reached to Rs 4130. In addition Chana growth over 0.5% is
approaching Rs 4400.
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