Buy MCX Gold at Rs 29650; target Rs 29740: Dani Comm

Dani Commodities has come out with its report on bullion, metals and energy. According to the research firm, one can buy MCX Gold at Rs 29650 with a stop loss of Rs 29600 for the target of Rs 29740.

Indian Cotton Federation Reduces Cotton Production Estimates To 326 Lakh Bales For 2012-13: As per the latest estimate by Indian Cotton Federation , Indian cotton production for 2012-13 is currently estimated at 326 lakh bales against 330 lakh bales projected by the Cotton Advisory Board (CAB) . Indian Cotton Federation estimated the Gujarat crop at 83 lakh bales , down 2 lakh bales from CAB estimates while Maharashtra at 74 lakh bales, down 1 lakh bales from other projections.

MCX GOLD
International: Major Support at USD1580. Bearish below USD1580.
Domestic: Buy at 29650, Stoploss 29600, Target 29740.

MCX SILVER
International: Major Support at USD28. Bearish below USD28.
Domestic: Buy at 52150, Stoploss 51950, Target 52550.

MCX COPPER
Domestic: Buy at 413.20, Stoploss 411, Target 4165.

MCX LEAD
Domestic: Buy at 113, Stoploss 112.50, Target 113.70.

MCX ZINC
Domestic: Buy at 103.40, Stoploss 103, Target 104.

MCX ALUMINIUM
Domestic: Buy at 103.20, Stoploss 102.80, Target 103.80.

MCX NICKEL
International: Buy at 884, Stoploss 878, Target 894.

MCX CRUDE OIL
International: Major Support for WTI at USD89 Bullish above USD 91
Domestic: Buy at 5110, Stoploss 5085, Target 5140.

MCX NATURAL GAS
Domestic: Sell at 220, Stoploss 222, Target 217.

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