Silver Sep MCX:
Prices are trading down by 150Rs at 52800 levels. Intraday crucial support is seen around 53650-700 levels. On break below the same might change intraday view and fall might extend up to 52200/51900 level. As well as higher side resistances are seen around 53210 and 53560 levels. Those who are holding long positions recommend to maintain strict stop loss below 52600….CMP 52884
Gold Aug MCX:
Since morning price are hovering in a stiff range of 29200-29300 levels. Break either side might confirms further direction for remaining trading hours. However on CBOT platform Aug futures are trading up by $15 at $1582. Based on technical analysis expecting prices to breach higherside levels .Better to wait for break out before going to take positions…CMP 29263
Crude Oil July MCX:
prices are witnessing crucial resistance around 4817 levels. Base on technical clues expecting sharp move above the same. In this case possible target seems to be around 4848/4892levels.As well as lower side supports are seen around 4785-7460 levels. we recommend intraday trades to buy above Or buy in the range of 4780-85 levels….CMP 4802
Copper Aug MCX:
from the beginning of the session prices are holding gains now it is trading at 425.5 up by 2.60% from the technical end expecting prices continue the gains for remaining trading hours and possible targets are seen at 427.9/429 levels and supports are seen around 423 and 420 levels. Recommend to buy at lower levels.
UPDATES AT 08:00 PM
Silver Sep MCX :
Prices are expected to move in the range of 52700-53260 levels. Only a significant break above 53260 would trigger fresh buying towards 53500 levels. CMP 53000
Crude oil July MCX :
Prices started recovering and currently trading at 4800 levels. Break above 4817 would trigger fresh buying towards 4845/4860 levels. Supports are seen at 4760 then 4730 levels.