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Bullion
gained at a good rate early morning Monday as markets took positive
cues out of the Chinese easing. While we should see higher opening in
Indian markets; it is likely that Bullion may see ranged to positive
trading backed by Chinese cues.Locally, the FM on Saturday left
import taxes higher at 10% for Gold which indirectly may act
negatively for jewelery companies and also curb demand over
medium-term. We hold range to positive bias in Gold today while
domestically, traders need to keep close watch at Rupee as well
Crude oil rose
sharply on Friday as Brent and U.S. futures posted their first
monthly gains since June, supported by an improving demand outlook
and supply outages.
The oil market will
rebalance in the next several months as a price collapse boosts
consumption and curbs supplies, the International Energy Agency said,
a day after Saudi Arabia’s oil minister’s statement of demand
rising.
Mcx Gold Tips for
Today: As per Expert Advice
“BUY” above 26310 at stop loss 26260 with Taget 26570
Mcx
copper Tips For Today: Mcx cooper Bullish In trade Buy above 370 at
Stop loss 367 with TG 374
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