Best Strategy In The Today Market With Commodity Tips | 31st Aug

According to the Rudra Investment Commodity Tips Provider, there is a fall in rupee has been deeper than the dollar. Dollar price has reached 71 rupees. However, there is a slight recovery from the lower level. But this month, the rupee has dropped 3.5 percent and this year it has dropped by around 12 percent. The rise in crude oil and the likelihood of interest rates rising in the US next month is under pressure on the rupee. However, there is pressure in crude oil on Nymex above $ 70. Brent is also stuck in the realm of over $ 77.

Meanwhile, gold has dropped about 2 percent this month and this is the biggest monthly fall of 5 years. At present, gold is trading near $ 1200 on the commerce. But there is a weakness in the base metal due to the threat of a trade war in the US and China, and today there is a trend of decline in all the metal in China.

Rudra Investment Commodity Tips

Copper MCX (November futures):	Buy - 418, Stop loss - 414 and Target - 424-426
Gold MCX (October futures):	Buy - 30075, Stop loss - 29950 and Target - 30250-30300

At present, crude oil is trading at MCX and is trading near Rs 5,000. Natural gas is trading at a rate of Rs. 205.5 with a rise of 0.3 percent. On MCX, gold is trading at 0.42% with an increase of 30,285 rupees. Silver is trading 0.3 percent and is trading at Rs 36,980.

Mixed business is being seen in base metals. Copper on MCX has fallen more than 0.5 percent and is trading at Rs 429.1. Nickel is falling by 0.1 percent to 943.2 rupees. However, Aluminum is trading at Rs 151.6 with an increase of 0.25 percent. Lead is trading at Rs 148.5 with a rise of 1%. Zinc is trading at 1 to 177.8 rupees with strength.