Buy MCX Gold at Rs 31355; target Rs 31425: Dani Comm

Dani Commodities has come out with its report on commodities. According to the research firm, one can buy MCX GOLD at Rs 31355 with a stop-loss of Rs 31301 for the target of Rs 31425.

Japan Machine Orders Up 2.6% In October: Core machine orders in Japan climbed a seasonally adjusted 2.6 percent on month in October to 704.4 billion yen, the Cabinet Office said on Wednesday, rising for the first time in three months. The headline figure came in following the 4.3 percent contraction in September and the 3.3 percent decline in August. On a yearly basis, core machine orders collected 1.2 percent versus forecasts for a contraction of 5.0 percent after shedding 7.8 percent in the previous month and 6.1 percent in August. The total number of machinery orders, including those volatile ones for ships and from electric power companies, saw a decline of 1.6 percent on month and 6.9 percent on year in October to 1,787.3 billion yen. MCX GOLD
International: Major Support at USD1700. Bullish above USD1700.
Domestic: Buy at 31355, Stop loss 31301, Target 31425. MCX SILVER
International: Major Support at USD29. Bullish above USD32.
Domestic: Buy at 62250, Stop loss 62050, Target 62550. MCX COPPER
Domestic: Buy at 445.80, Stop loss 444, Target 448. MCX LEAD
Domestic: Sell at 123.70, Stop loss 124.20, Target 123 MCX ZINC
Domestic: Sell at 111.80, Stop loss 112.30, Target 111.10 MCX ALUMINIUM
Domestic: Sell at 114, Stop loss 114.50, Target 113.20 MCX NICKEL
Domestic: Buy at 964, Stop loss 959, Target 970 MCX CRUDE OIL
International: Major Support for WTI at USD84 Bullish above USD 91
Domestic: Sell at 4670 Stop loss 4698 Target 4630. MCX NATURAL GAS
Domestic: Sell at 186, Stop loss 187.80, Target 183 Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. To read the full report click on the attachment

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