With the huge fall in the dollar, gold has gone up to the record level of 1.5 years in the global market. It is trading above $ 1360. Gold has risen about 5 percent this month. Silver is also above $ 17.5 and this is the upper level of the last 4 months. In fact, the dollar index has slipped to about 3.5 years at the lower level. In this, gold and silver prices have got support in the global market.
Meanwhile, crude oil has also gone up to 37 months. Brent is trading near $ 71. Crude prices got double support by falling reserves in the US. The price of NYMAX crude is also worth 66 dollars. However, the rupee has received strong support from the fall in the dollar and has gone past the last 10 days to the dollar against the dollar.
RUDRA Investment Pvt. Ltd
Silver MCX (March futures):
Buy - 39400, Target - 40200, Stop loss - 39100
Crude oil MCX:
Buy - 4100, Target - 4190, Stop loss- 4070
Guar Seed NCDEX (February Futures):
Buy-4470,Target-4650,Stop loss-4440
Cotton MCX (February futures):
Sell - 20600, target - 20300, Stop loss-20720
Cumin NCDEX (February futures):
Sell - 20600, Target - 20300,Stop loss- 20720
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