The fall in the stock markets has affected the currency market and the rupee has slipped against the dollar. The rupee has come down to a low of the one-and-a-half month. The price of one dollar has crossed Rs 64.35. Selling in crude oil is dominant and its The price has come down to the lower level of last one month. Brent is trading below $ 67, while WTI crude has slipped below $ 64.
However, there is a strong consolidation in gold and it is trading above $ 1340. There is an increase of about 1 percent in silver. Meanwhile, there is a trend of the recession in base metal in China. All metal including copper is trading with a decline. India in the domestic market The government is preparing to increase import duty from 30 percent to 40 percent on the gram. The decision can be taken soon.
At the moment, gold is trading at Rs 30,650 with the strength of 1.2 percent on MCX. Silver is trading at 1.33 percent and is trading at Rs. 39,030. On the MCX, the crude oil slid 0.5 percent to Rs 4,085 Used to be. Natural gas is trading at around 179.2 with a surge of 1.25 percent.
In the base metals, we are seeing a business with weakness. Copper on MCX fell 0.9 percent to Rs 452.2. Aluminum is trading at 0.5 percent and is trading at Rs 140.75. Nickel rolling over 2 percent Working on Rs 858.7. Lead is trading below Rs 169 with a weakness of 0.7 percent. Zinc is trading 0.8 percent down to 226 rupees.
Soybean at NCDEX is trading more than 1 percent and is trading at Rs 3,480. Castor Seed is flat and doing business at Rs 4,250. On MCX, cotton is trading 0.9 percent and trading at Rs 19,860.
Silver MCX (March futures): Buy - 39000, stoploss - 38300 and target - 40400
Gold MCX (April futures): Buy - 30300, stoploss - 30000 and target - 30700
Cotton MCX (February Futures): Sell - 20050, StopLoss - 20150 and Target - 19800
Soybean NCDEX (February Futures): Buy - 3480, StopLoss - 3400 and Goals - 3600
Castor Seed NCDEX (February Futures): Buy - 4200, StopLoss - 4160 and Target - 4350
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