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MCX Precious Metal (Gold,Silver )Trend :- we expect precious metals to trade firm due to positive global market sentiments along with weakness in the DX. However, appreciation in the Indian rupee will cap sharp gains in precious metals in the domestic markets.
MCX Crude Oil Updates :- We expect crude oil prices to trade on a positive note on the back of upbeat global market sentiments along with hopeful statement from the ECB President. Additionally, weakness in the DX will also help upside support in crude oil prices. However, appreciation in the Indian Rupee will cap sharp gains on the MCX.
MCX Base Metal Trend And Updates :- we expect base metals pack to trade higher on account of positive global market sentiments coupled with weakness in the DX. Further, expectations that US Federal Reserve policy makers might take steps to boost the economic growth could support an upside in the base metals. Appreciation in the Indian Rupee will however restrict sharp rise in the prices in the Indian markets.
MCX Tips For Today :- MCX gold around Rs 29,800 per 10 grams with a stop loss of Rs 29,920 per 10 grams for a target of Rs 29,655 per 10 grams in the late evening session.
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