Profitable Commodity Tips | The rupee has gained a lot of strength against the dollar today. Despite this, the dollar's price has remained above Rs 69. Meanwhile, prices of global gold prices are still under pressure, and they remain consistently below $ 1220 for the second day. There has been a decline of about 2 percent in gold this week. In fact, demand for gold in China and India has come down. At the same time, the dollar is strengthened too. In such a situation, gold prices are being hit twice.
Silver is also at one year's low level. In fact, the massive fall in the base metal is being hit by silver all over. Copper is at the lower level of one year due to trade war between the US and China. Today, it touched the level of 6 thousand dollars today on the London Metal Exchange. In the rest of the metal, there is a trend of about 1 to 1.5 percent decline. Meanwhile, the Meteorological Department has warned of heavy rains in Bengal, Odisha, Rajasthan and Andhra Pradesh.
Rudra Investment Profitable Commodity Tips
NCDEX Cotton Khali (August futures):
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Sell - 1820
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Target - 1770
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Stop loss - 1860
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NCDEX wheat (August futures):
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Buy - 1915
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Target - 1955
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Stop loss - 1884
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MCX Zinc (July futures):
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Buy - 175
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Target - 181
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Stop loss - 171
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MCX Copper (August futures):
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Buy - 410
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Target - 418
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Stop loss - 406
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