MCX Silver Tips, MCX Gold:
Gold futures may trade on positive path tracking firm international markets while depreciation in local currency will also support domestic gold prices. Gold can trade in range of 27,750-28,000 while silver in range of 56,000-57,500. Gold prices edged higher on Wednesday after dropping nearly 1% in the previous session.
MCX Base Metals Tips, Copper Updates:
Base metals may witness some short covering after sharp selling pressure yesterday. Copper may trade in range of 428-435 while lead can trade in range of 101-103.50 and zinc in range of 101.50-103.50. Support for April copper is seen at Rs.426 while Resistance is seen at Rs.438.
MCX Energy Tips, Crude Updates:
Crude oil may witness some short covering after yesterday selling pressure and can trade in range of 5,350-5,450 while NYMEX crude can trade in range of $106-107.50 in near term.
Gold futures may trade on positive path tracking firm international markets while depreciation in local currency will also support domestic gold prices. Gold can trade in range of 27,750-28,000 while silver in range of 56,000-57,500. Gold prices edged higher on Wednesday after dropping nearly 1% in the previous session.
MCX Base Metals Tips, Copper Updates:
Base metals may witness some short covering after sharp selling pressure yesterday. Copper may trade in range of 428-435 while lead can trade in range of 101-103.50 and zinc in range of 101.50-103.50. Support for April copper is seen at Rs.426 while Resistance is seen at Rs.438.
MCX Energy Tips, Crude Updates:
Crude oil may witness some short covering after yesterday selling pressure and can trade in range of 5,350-5,450 while NYMEX crude can trade in range of $106-107.50 in near term.
