Today government increase in import duty on gold and silver both now turn to 10% , previous gold had 8% while silver had 6% . its direct impact is going to seen on evening trade. It is expected that gold prices declined on evening trade and trade below 28900 on the other hand silver prices look to fall by sharp edge and trade below 46000. MCX crude oil also supporting a bearish trend on evening session meanwhile some up and down were going to seen on domestic commodity market.
In base metal lead and zinc seem to trade in deep side however copper and nickel prices also expexcted to trade in negative side at MCX.
Mentha oil and natural gas seem to be volatile on intraday trading for future delivery at Evening session.
EVENING TRADING LEVEL
SELL GOLD OCT BELOW 28900 TGT 28850, 28750, 28600 STOPLOSS 29200
SELL SILVER SEP BELOW 46300 TGT 46200, 46000, 45800 STOPLOSS 46750
SELL NATURAL GAS AUG BELOW 203.50 TGT 203, 202.50, 201 STOPLOSS 205.50
SELL COPPER AUG BELOW 448 TGT 447, 445, 443 STOPLOSS 452
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