Technical Updates:
MCX Gold October: Buy on dips to 24900 with a stop loss placed below 24780 levels for targets of 25200 levels. (short term)
MCX Silver September: Buy on dips to 59200 levels with a stop loss placed below 58200 levels for targets of 60800 levels. (short term)
MCX Crude Oil August: Sell on rallies to 3850 levels with a stop loss placed above 3900 levels for targets of 3790 levels.
MCX Natural Gas August: We expect further declines to test 170 levels in the short term.
MCX Copper August: Sell on rallies to 406 levels with a stop loss placed above 410 levels for targets of 400 levels.
MCX Nickel August: Sell on rallies to 1010 levels with a stop loss placed above 1025 levels for targets of 990 levels.
MCX Lead August: Sell on rallies to 106 levels with a stop loss placed above 107.50 levels for targets of 104 levels.
MCX Zinc August: Sell on rallies to 98.50 levels with a stop loss placed above 100 levels for targets of 96.50 levels.
NCDEX Steel Long August: Likely to see a minor dip to 29400-29500 levels.