Wednesday the price of commodities are fluctuating a lot. The precious metals are showing uptrend from the morning trade. The gold gain 13.8 points and silver gain 407 points. The support and resistance level of both the metals are:
Gold S1 26787 R1 27861
Silver S1 43559 R1 44140
The base metals are working in both sides positive and negative. Aluminium and nickel looks positive while the other looks negative. The strongest metal among them that is copper drop by 0.90 points at 419.60.
MCX
Gainer : Gold (Aug), Silver (July), Aluminium (June), Nickel (June), Mentha oil (June), Cotton (June)
Loser : Crude oil (June), Natural gas (June), Copper (June), Lead (June), Zinc (June)
NCDEX
Gainer : Caster seed (June), Chana (July), Potato (July), Sugar (Aug)
Loser : Turmeric (July), Wheat (July), Barley (Aug), Coriander (Sept), Guar Gum (Oct)
BUY SILVER TGT 44096/44116/44126 SL 43986
SELL CRUDE OIL TGT 5281/5276/5271 SL 5304
BUY GOLD TGT 27226/27246/27256 SL 27116
SELL ZINC TGT 108.45/107.95/107.45 SL 111.45
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