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Gold Silver Trend Today :- Gold and silver currently is trading at lower level at negative bias and for further trading it is expecting to trade lower due to mixed global market sentiments along with strength in the DX. US fiscal cliff issue is still persistent and making the market participants to adopt cautious approach. In the Indian markets however, depreciation in the Rupee will cushion fall in the MCX prices.
Crude oil Updates :- crude oil price is expecting to trade with a bearish note owing to mixed global market sentiments along with strength in the DX. However, positive data from the US and China may cushion sharp fall. Sharp fall in the prices may be cushioned owing to hopes that the demand might improve shortly as the economies are on the path of recovery. In the domestic market depreciation in the rupee is likely to cushion fall in the crude oil prices on MCX.
NCDEX Updates :- Kapas April NCDEX -If prices are able to hold the support of 1015, there could chance of further rally towards 1050 region.
Turmeric Jan NCDEX - If prices hold the support of 6100 could lift the prices higher towards 6300 followed by 6400 levels in the immediate run.
Mcx Tips :- Copper (Feb) Buy Around 445 for target of 447.5 / 450 with stop loss of 443.
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