Gold- MCX Gold may trade lower in line with international
market. Gold prices edged higher on a weaker dollar and as markets waited for
the outcome of the U.S. Federal Reserve's policy meeting. Domestic gold prices
are however getting some support from weaker rupee. MCX Free Tips: Support for
MCX Gold February contract is seen at Rs.27050 while Resistance is seen at
Rs.27400.
Silver- MCX Silver may trade with a downward bias tracking
cues from international exchange. Silver gains with the dollar little changed
as investors awaited the outcome of the Federal Reserve’s latest policy
meeting. Support for MCX Silver March contract is seen at Rs.40500 while
Resistance is seen at Rs.41650.
Copper- MCX Copper may note some gains tracking cues from
international exchange however the upside may be capped. Copper recovered on a
brightening outlook for demand, shaking off an earlier dip. LME Copper trades higher in early trades today
following 0.6% gains yesterday. Best Stock Advisory: Support for MCX Copper
November contract is seen at Rs.386 while resistance is seen at Rs.397.
Crude Oil- MCX Crude may note some decline tracking cues
from international exchange but downside is limited. Crude oil prices dropped
as pressure seen as gasoline supplies rose modestly despite U.S. crude oil
stockpiles fell more than expected. Support for MCX Crude December contract is
seen at Rs.3430 while Resistance is seen at Rs.3510.
GOLD – SILVER SPOT RATIO
The gold/silver proportion, which measures the number of
silver ounces needed to buy an ounce of gold is trading down on Thursday
morning. The gold/silver ratio was trading at 67.66 ounces compared with 68.00
ounces on Wednesday.
Free Stock Tips: CALL:-
BUY VEDL FUTURE
ABOVE 237
TG1-237.85
TG2-238.70
SL-235.75
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