Due to the slowdown in the international market MCX silver MCX gold start with weak note. Strong decline in MCX Crudeoil is seen. Gold is maintaining the bearish trend for both short term and intraday.
Short term support for MCX Gold October contract is found at 24500 with a possible resistance at 25000. Intraday support is at 24580 with resistance at 24850 levels.Short term support for MCX Gold October contract is found at 24500 with a possible resistance at 25000. Intraday support is at 24580 with resistance at 24850 levels.
In terms of the Agri commodities prices due to monsoon has accelerated the pace would slow.
NCDEX Turmeric and NCDEX Mustard is trading with gains. Prices of NCDEX Chana August Futures surged 1.45 per cent to Rs 4420 per quintal has risen.
The NCDEX coriander with 0.66 per cent to Rs 10564 per quintal is on. Mustard prices declined by 0.54 percent. While soybean and refined oil has dropped 0.45 per cent .
Commodity best Tips:
BUY MCX Gold at 25020 at SL-24900, TGT- 1 / TGT- 2 - 25170/ 25350
BUY NCDEX Chana at 3090 at S L – 3060, TGT- 1 / TGT- 2 - 3120/ 3156
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