Today Metal open with a mixed trend, MCX copper and nickel open in a negative side while lead, zinc and aluminum open in green side. Movement in metal is not very convincing copper and nickel look to trade in low side. Today copper for future delivery opens at 419.10 and trade flat negative on morning session at MCX. Meanwhile movement in nickel is very dull on intraday trade with a mixed trend for today trade. Today nickel opens at 831.10 against its previous close of Rs 831.50 at MCX.
MCX bullion is traded low on intraday trading for future trade on Friday morning, Gold for August delivery falling down by more than -150 point on day trading and expected same trend in remaining session with a small correction. Meanwhile MCX silver look to fall sharply on intraday trading near 3 pm.
Intraday MCX tips
SELL GOLD AUGUST BELOW 26000 TGT 25950, 25900, 25800 STOPLOSS 26250
SELL SILVER JULY BELOW 40300 TGT 40200, 40100, 39900 STOPLOSS 40700
SELL NICKEL JULY BELOW 826 TGT 824, 821, 818 STOPLOSS 835