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JEERA Observations Jeera trading range for the day is 58550-63550. Jeera prices have surged attributed to a decrease in local market supplies. The increased demand for jeera during festivals has piqued the interest of stockists Drier weather condition in Gujarat will also lead to rise in arrivals that will cap the upwards move. In Unjha, a major spot market, the price ended at 60237.65 Rupees gained by 0.27 percent. BUY JEERA SEP @ 61000 SL 60500 TGT 61600-62000. NCDE...
Dhaniya trading range for the day is 6754-7078 - Kedia Advisory
Crude Oil Observations Crudeoil trading range for the day is 7122-7344. Crude oil dropped on fears that energy demand could weaken OPEC+ leaders Saudi Arabia and Russia extended supply cuts to the end of the year U.S. crude oil stockpiles fell for the fourth consecutive week, with inventories down over 6% in the last month Crude inventories fell by 6.3 million barrels, triple the 2.1 million-barrel drop that expected. SELL CRUDEOIL SEP @ 7280 SL 7380 TGT 7180-70...
Crudeoil trading range for the day is 7122 - 7344 - Kedia Advisory
Cotton Candy Cotton candy prices dipped by -0.56%, closing at 60,640, primarily due to concerns about demand from key buyer China. The U.S. Department of Agriculture (USDA) reported that 31% of the cotton crop was in good to excellent condition, slightly down from the previous week due to the impact of Hurricane Idalia. Heavy rainfall in China's Xinjiang region is expected to affect both the quality and quantity of cotton production in the area. India experienced a drop in cotton sowin...
Cotton candy prices dipped by -0.56%, closing at 60,640 - Kedia Advisory
SILVER Observations Silver trading range for the day is 71095-72715. Silver dropped pressured by strength of dollar and runup in Treasury yields. Strong economic data added leeway for the Federal Reserve to remain hawkish for a prolonged period. The dollar index rose above the 105 mark, its highest in six months. The yield on the US 10-year Treasury note approached 4.3% in the first week of September. BUY SILVER DEC @ 71300 SL 70600 TGT 72200-72800. MCX &nbs...
Silver trading range for the day is 71095 - 72715 - Kedia Advisory
GOLD Observations Gold trading range for the day is 58870-59190. Gold dropped as the U.S. labor market remains fairly robust The U.S. Labor Department said that weekly jobless claims fell by 13,000 to 216,000 Central banks stepped up gold buying in July – WGC Central banks added 55 920.7 metric tonnes during the month with China, Poland and Turkey being prominent buyers BUY GOLD OCT @ 58850 SL 58650 TGT 59100-59300. MCX To Read Complete Re...
Gold trading range for the day is 58870 - 59190 - Kedia Advisory
ALUMINIUM OBSERVATIONS Aluminium trading range for the day is 199.5-202.3. Aluminium dropped as sentiment remain bearish due to weak economic data from China ANZ expects aluminium market to move back into deficit in 2024, supporting prices in short term Japan's July aluminium stocks drop 1.9% m/m BUY ALUMINIUM SEP @ 200 SL 198 TGT 202-204. MCX COPPER OBSERVATIONS Copper trading range for the day is 721.6-737. Copper fell as a strong dollar and w...
Aluminium trading range for the day is 199.5 - 202.3 - Kedia Advisory
USDINR Observations USDINR trading range for the day is 83.09-83.37. Rupee ended at lower as elevated U.S. treasury yields and weakness in other Asian currencies weighed The Reserve Bank of India is likely paying in rupee forwards across various deliveries via public sector banks. India’s external debt declined to 18.9 percent of GDP at the end of March 2023 from 20 per cent last year SELL USDINR SEP @ 83.35 SL 83.5 TGT 83.18-83.02 EURINR Observatio...
EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
Gold Gold experienced a slight decline of -0.15%, closing at 58,998, largely influenced by the recent strength of the U.S. Dollar and the significant surge in Treasury yields. The strong economic data coming from the United States has given the Federal Reserve more room to maintain a hawkish stance for an extended period.In particular, new unemployment claims in the U.S. dropped to their lowest level in over six months at the end of August, defying expectations of a modest increase and cha...
Silver trading range for the day is 71095-72715 - Kedia Advisory
Cottoncandy Observation Cottoncandy settled slightly higher, up by 0.07% at 60,980 as India grapples with a 3.65 lakh hectare drop in cotton sowing compared to the previous year. This decline is primarily attributed to poor monsoon conditions in Gujarat, where rain has been insufficient. Additionally, the closure of major mills and a low stock of old cotton crops have further exacerbated the tight local supplies of cotton. The arrival of the new cotton crop has started in parts of North...
Sell Cottoncandy Nov @ 61000 SL 61200 TGT 60800-60600. MCX - Kedia Advisory
JEERA Observations Jeera trading range for the day is 57860-61260. Jeera dropped on profit booking after prices gained as Stockists are showing interest in wake of rising festive demand. Bleak export enquires are still a concern for exporters as demand from China has dropped in recent weeks Drier weather condition in Gujarat will also lead to rise in arrivals that will cap the upwards move. In Unjha, a major spot market, the price ended at 60237.65 Rupees gained by 0.27 perc...
Buy Jeera SEP @ 59400 SL 59000 TGT 60000-60500. NCDEX - Kedia Advisory
Crude Oil Observations Crudeoil trading range for the day is 7085-7425. Crude oil rose due to Saudi and Russian supply concerns and a stronger dollar. Global economic uncertainties continued to weigh on the demand outlook amid soft manufacturing and services data in major economies. U.S. crude by rail shipments fell by 23,000 bpd in June – EIA U.S. crude oil and gasoline stockpiles were expected to have dropped last week while distillate stockpiles were seen risi...
Naturalgas trading range for the day is 204.4-221.8 - Kedia Advisory
SILVER Observations Silver trading range for the day is 71200-74280. Silver dropped as dollar index firms at 6-month high Pressure seen amid expectations of higher-for-longer interest rates as the US economy is doing much better than other major economies. The ISM Services PMI in the US unexpectedly rose to a six-month high in August while PMIs for China and Europe disappointed. Fed is expected to maintain interest rates steady this month, and the likelihood of a 25bps increase...
Buy Silver DEC @ 72000 SL 71400 TGT 72800-73200. MCX - Kedia Advisory
GOLD Observations Gold trading range for the day is 58845-59425. Gold dropped after activity in the U.S. service sector showed unexpected improvement. The ISM said its Services Purchasing Managers Index rose to a reading of 54.5% last month The US trade deficit widened less than expected to $65 billion in July 2023 from a downwardly revised $63.7 billion in June The WGC said that global physically-backed gold ETFs saw their third consecutive month of outflows BUY GOLD OCT...
Buy Gold OCT @ 59000 SL 58800 TGT 59250-59400. MCX - Kedia Advisory
USDINR Observations USDINR trading range for the day is 82.77-83.45. Rupee weakened for a third straight session as elevated U.S.Treasury yields and rising global crude oil prices weighed. Expectations that the RBI may step in to defend the rupee and a slight reversal in crude prices could support the local unit. India's August services activity cools despite rise in new exports biz BUY USDINR SEP @ 83.15 SL 83 TGT 83.32-83.45. EURINR Observations ...
Buy USDINR SEP @ 83.15 SL 83 TGT 83.32-83.45. - Kedia Advisory
ALUMINIUM OBSERVATIONS Aluminium trading range for the day is 199.7-203.7. Aluminium gains driven by China's efforts to bolster its economy. China's factory activity surprisingly returned to expansion in August, a private-sector survey showed Aluminium stocks at three major Japanese ports slipped 1.9% to 350,600 metric tons as of end-July BUY ALUMINIUM SEP @ 200 SL 198 TGT 202-204. MCX COPPER OBSERVATIONS Copper trading range for the day is 727...
Buy Zincc SEP @ 219 SL 217 TGT 222-224. MCX - Kedia Advisory
Gold Gold experienced a marginal decline of -0.26% to settle at $59,088 per ounce as unexpected improvements in the U.S. service sector data influenced market sentiment. The Institute for Supply Management (ISM) reported a rise in its Services Purchasing Managers Index (PMI) to 54.5%, surpassing the consensus estimate of 52.5% and July's reading of 52.7%. This positive economic data fueled optimism, leading to a slight dip in gold prices. Furthermore, the U.S. trade deficit in July 202...
Turmeric trading range for the day is 14676-15516 - Kedia Advisory
Crude Oil Crudeoil trading range for the day is 6945-7437. Crude oil spikes as Saudi extends 1M bpd cut for 3 more months till Dec. Saudi Arabia added that the cut decision which has gone into implementation in July and was extended to include August and September Russia also extended its voluntary reduction in oil exports by 300,000 bpd until the end of the year. However, concerns about the health of the Chinese economy continue after disappointed services PMI. BUY CRUDEOIL...
Buy Crudoil SEP @ 7150 SL 7050 TGT 7250-7350. MCX - Kedia Advisory
JEERA OBSERVATION Jeera trading range for the day is 58600-61820. Jeera dropped on profit booking after prices gained as Stockists are showing interest in wake of rising festive demand. Bleak export enquires are still a concern for exporters as demand from China has dropped in recent weeks Drier weather condition in Gujarat will also lead to rise in arrivals that will cap the upwards move. In Unjha, a major spot market, the price ended at 60516.25 Rupees gained by 0.01 perce...
Buy Dhaniya SEP @ 7050 SL 6950 TGT 7150-7250. NCDEX - Kedia Advisory
Cotton candy Cotton candy prices dipped by -0.91% to settle at 60,940, primarily due to profit booking as the new cotton crop began arriving in parts of North and South India. The crop is arriving a bit earlier than usual, with daily arrivals reaching around 3,000 bales. The demand is expected to pick up gradually, with stronger arrivals anticipated post-September 15. In regions like Telangana, Andhra Pradesh, and Karnataka, raw cotton arrivals have commenced, particularly in places like K...
Sell Cottoncandy NOV @ 61000 SL 61200 TGT 60800-60600. MCX - Kedia Advisory
Silver Observation Silver trading range for the day is 72580-74790. Silver fell as the dollar rose; China, euro data raised global growth worries Disappointing data from euro and U.K. signaled waning consumer demand The US report indicated a strong labor market but also an increase in the unemployment rate. U.S. manufacturing continued to contract but at a slower pace, possibly stabilizing. BUY SILVER DEC @ 73000 SL 72200 TGT 73800-74500. MCX To...
Buy Silver DEC @ 73000 SL 72200 TGT 73800-74500. MCX - Kedia Advisory
Gold Gold trading range for the day is 59050-59560. Gold prices dropped amid a rising U.S. dollar and U.S. Treasury yields. Investors weighed disappointing figures from China against signs of cooling economy in the US. The US unemployment rate unexpectedly rose to 3.8% in August, the highest since February 2022. Chinese dealers sold gold at $20-$38 an ounce premium over global spot prices, after jumping to $40-$60 last week BUY GOLD OCT @ 59150 SL 58950 TGT 59350-59500. MCX ...
Buy Gold OCT @ 59150 SL 58950 TGT 59350-59500. MCX - Kedia Advisory
Gold Gold prices experienced a slight decline of -0.25% to settle at $59,243 due to a strengthening U.S. dollar and rising U.S. Treasury yields. Investors were torn between disappointing figures from China and signs of a cooling U.S. economy. China's service sector growth slowed to an eight-month low, missing projections and undermining government efforts to boost recovery. However, gold held steady due to expectations of reduced monetary tightening by the Federal Reserve, triggered by...
Zinc trading range for the day is 217.4-223.4. - Kedia Advisory
ALUMINIUM OBSERVATIONS Aluminium trading range for the day is 199-202.4. Aluminium dropped under pressure from weak service sector data from China China's Yunnan province started ramping up energy-intensive aluminium production after the end of power curbs. Japan's July aluminium stocks drop 1.9% m/m SELL ALUMINIUM SEP @ 203 SL 205 TGT 201-199. MCX COPPER OBSERVATIONS Copper trading range for the day is 729.2-747.6. Copper gains supported by...
Sell Aluminium SEP @ 203 SL 205 TGT 201-199. MCX - Kedia Advisory
USDINR Observations USDINR trading range for the day is 82.71-83.35. Rupee closed weaker as the local unit slipped to the 83 level for the first time in nearly two weeks The S&P Global India Services PMI dropped to 60.1 in August 2023 from an over 13-year high of 62.3 in the previous month The S&P Global India Composite PMI fell to 60.9 in August 2023, slightly slowing from a record of 61.9 in the previous month BUY USDINR SEP @ 83 SL 82.86 TGT 83.18-83.32. ...
Buy GBPINR SEP @ 104.2 SL 103.95 TGT 104.5-104.72 - Kedia Advisory
Jeera Observations Jeera trading range for the day is 57940-62340. Jeera gains on increased buying as Stockists are showing interest in wake of rising festive demand. Bleak export enquires are still a concern for exporters as demand from China has dropped in recent weeks Drier weather condition in Gujarat will also lead to rise in arrivals that will cap the upwards move. In Unjha, a major spot market, the price ended at 60829.65 Rupees gained by 0.9 percent. BUY JEERA SEP...
Buy Jeera SEP @ 59800 SL 59200 TGT 60800-61400. NCDEX - Kedia Advisory
Crude Oil Observation Crudeoil trading range for the day is 7024-7162. Crude oil gains on expectations of OPEC+ extending supply controls. Russia’s Novak said that Russia agreed with its OPEC partners on the parameters for continued export cuts. Saudi Arabia is also expected to extend its voluntary 1 million barrels per day output cut into October. Crude inventories plummeted by 10.6 million barrels last week, far exceeding forecasts for a 3.3 million barrel draw. S...
Sell Crudoil SEP @ 7150 SL 7250 TGT 7050-6950. MCX - Kedia Advisory
Cottoncandy Cottoncandy recorded a modest increase of 0.16%, settling at 61,500, primarily due to a decline in sowing in India, which dropped by 2.11% to 122.99 lakh hectares from 125.64 lakh hectares in 2022. This reduction in sowing has contributed to a tightening of supplies in the domestic market. Reports of lower acreages and the firmness in ICE cotton prices are further supporting market sentiment. Concerns have arisen due to extended dry conditions in Gujarat, leading to worries abo...
Sell Cocudakl SEP @ 2800 SL 2840 TGT 2740-2700. NCDEX - Kedia Advisory
Silver Observation Silver trading range for the day is 73875-75605. Silver dropped after mixed us jobs report The U.S. economy added more jobs than expected in August, but a rise in the unemployment rate to 3.8% U.S. manufacturing contracted for a 10th straight month in August, but the pace of decline continued to slow Fed funds futures traders are now pricing in a 93% likelihood that Fed will leave rates unchanged at its Sept. 19-20 meeting BUY SILVER DEC @ 74200 SL 7350...
Buy Silver DEC @ 74200 SL 73500 TGT 75000-75500. MCX - Kedia Advisory Ltd
Gold Observation Gold trading range for the day is 59185-59675. Gold steadied buoyed by a slight pullback in the U.S. dollar Markets see 93% chance of Fed holding rates at Sept. meet Premiums on physical gold in China eased off recent highs as safe-haven buying cooled In India, dealers offer discounts of about $4 an ounce over official domestic prices. BUY GOLD OCT @ 59250 SL 59050 TGT 59500-59700. MCX To Read Complete Report & Disclaimer Click H...
Buy Gold OCT @ 59250 SL 59050 TGT 59500-59700.MCX - Kedia Advisory
ALUMINIUM OBSERVATIONS Aluminium trading range for the day is 199.2-204. Aluminium down as Yunnan boosts energy-intensive production post power curbs Data shows that the cancelled warehouse receipts of LME aluminum have increased compared to last month Domestic favorable policies wield boosting effects on markets significantly. SELL ALUMINIUM SEP @ 203 SL 205 TGT 201-199. MCX COPPER OBSERVATIONS Copper trading range for the day is 728.5-747.5. Coppe...
Sell Copper SEP @ 740 SL 745 TGT 735-732. MCX - Kedia Advisory
USDINR Observations USDINR trading range for the day is 82.67-82.91. Rupee remained in range after the 10-year U.S. treasury yield rose Dollar showed resilience despite some softening in U.S. economic data over last week. Retail inflation to remain high in August data, will start moderating from Sept onwards: RBI Governor SELL USDINR SEP @ 82.9 SL 83.08 TGT 82.72-82.58. EURINR Observations EURINR trading range for the day is 89.28-89.68. Euro ...
Sell USDINR SEP @ 82.9 SL 83.08 TGT 82.72-82.58 - Kedia Advisory
Gold Gold settled unchanged at $59,393, finding support in a slight pullback of the U.S. dollar. Market participants grew more confident that the Federal Reserve may have concluded its interest rate hikes. Traders are betting that the Fed is done raising rates, especially after an increase in the U.S. unemployment rate and moderate wage growth suggested easing labor market conditions. The Institute for Supply Management (ISM) manufacturing index for August improved to 47.6%, up from July...
Jeera trading range for the day is 57940-62340 - Kedia Advisory
USDINR Observations USDINR trading range for the day is 82.59-82.93. Rupee ended stronger but was off the day's high as dollar demand from importers mounted pressure on the local unit. The S&P Global India Manufacturing PMI increased to a 3-month top of 58.6 in August 2023 from 57.7 in July. GST collections in August grew 11% to 1.60 lakh crore on an annual basis. SELL USDINR SEP @ 82.9 SL 83.08 TGT 82.72-82.58. EURINR Observations EURINR...
Sell USDINR SEP @ 82.9 SL 83.08 TGT 82.72-82.58 - Kedia Advisory
Gold Gold managed a modest gain of 0.04%, settling at 59395, but it relinquished some of its earlier gains due to the latest U.S. manufacturing data. This data, while showing signs of improvement, also highlighted the continued contraction in the sector for the tenth consecutive month. The Institute for Supply Management (ISM) manufacturing index for August came in at 47.6%, up from July's 46.4%. In another twist, the most recent U.S. jobs report revealed an unexpected increase in the ...
Gold trading range for the day is 59050-59840 - Kedia Advisory
Below The Comment On "Decoding the Downturn: Analyzing the Decline in Indian Exports" By Mr. Amit Gupta, Kedia Advisory In July 2023, India witnessed a concerning decline in its exports, with outbound shipments plummeting by 16 percent compared to the previous year, marking the lowest levels since October 2022. This decline raises several questions about the state of India's economy and its position in the global trade landscape. To gain a comprehensive understanding of ...
`Decoding the Downturn: Analyzing the Decline in Indian Exports` By Mr. Amit Gupta, Kedia Advisory
Below The Perspective On China's Global Economic Impact: Shaping the Growth Rate By Mr. Amit Gupta, Kedia Advisory In today's interconnected world, the backlash from China's economic transformation is felt far beyond borders. As the world's second-largest economy and a major player in world trade, China has a significant impact on global growth. A thorough understanding of China's economic dynamics is essential because shocks delivered from commodity markets, inter...
China`s Global Economic Impact: Shaping the Growth Rate By Amit Gupta, Kedia Advisory
JEERA OBSERVATION Jeera trading range for the day is 53110-55830. Jeera gained on short covering after prices dropped in wake of improved global supply condition. Cheaper availability of Syria and jeera in global market will lead to fall in export demand from India in coming days. However, downside seen limited as supply is limited due to the rainy environment. In , a major spot market, the price ended at Rupees dropped by percent. BUY JEERA SEP @ 54400 SL 53800 TGT 55000-55...
Buy Turmeric OCT @ 14800 SL 14500 TGT 15200-15400. NCDEX - Kedia Advisory
Crude Oil Crudeoil trading range for the day is 6688-6974. Crude oil gains underpinned by a large decline in US crude inventories Support also seen amid expectations that OPEC+ leaders will keep global supply tight. EIA data showed that US crude stockpiles tumbled by 10.6 million barrels last week OPEC oil output rose in August as Iranian supply rose to its highest since 2018 SELL CRUDEOIL SEP @ 6920 SL 7000 TGT 6820-6720. MCX Natural Gas Observations Naturalgas...
Sell Crude Oil SEP @ 6920 SL 7000 TGT 6820-6720. MCX - Kedia Advisory
Silver Observation Silver trading range for the day is 75145-76505. Silver dropped as dollar index maintained its early gains, trading above the 103 mark U.S. consumer spending increased by the most in six months in July The U.S. economy grew at a slightly less brisk pace than anticipated in the second quarter Perth Mint's July silver sales were at a more than three-year low BUY SILVER DEC @ 75500 SL 74500 TGT 76800-77500. MCX To Read Complete Report &am...
Buy Silver DEC @ 75500 SL 74500 TGT 76800-77500. MCX - Kedia Advisory Ltd
Gold Gold trading range for the day is 59215-59645. Gold prices steadied following the better-than-expected employment data. US weekly jobless claims fell by 4,000 to 228,000 25, down from the previous week's estimate of 232,000 claims The annual inflation rate in the Euro Area remained steady at 5.3 percent in August 2023 Perth Mint's July gold product sales slumped to their lowest level since October 2020 BUY GOLD OCT @ 59250 SL 59050 TGT 59500-59700. MCX &n...
Buy Gold Oct @ 59250 SL 59050 TGT 59500-59700. MCX - Kedia Advisory
ALUMINIUM OBSERVATIONS Aluminium trading range for the day is 199.8-203.4. Aluminium gains after China moved to boost its struggling housing markets China's July aluminium production up 1.95% YoY at 3.568 million mt. Jan-Jul aluminium output grows 2.7% YoY to 23.676 million mt. BUY ALUMINIUM SEP @ 200 SL 198 TGT 202-204. MCX COPPER OBSERVATIONS Copper trading range for the day is 731-739.8. Copper fell on tepid consumption amid slowing economic ...
Buy Zinc Sep @ 216 SL 214 TGT 220-222. MCX - Kedia Advisory
USDINR Observations USDINR trading range for the day is 82.58-83. Rupee declined in August as rising U.S. Treasury yieldsboosted demand for the dollar India's economy expanded by 7.8% in the April-Junequarter, the most in a year Resilient U.S. data prompted investors to bet that the U.S. Federal Reserve will hold rates higher for longer, pushing up yields. SELL USDINR SEP @ 82.9 SL 83.08 TGT 82.72-82.58. EURINR Observations EURINR trading ran...
Sell GBPINR Sep @ 105.2 SL 105.5 TGT 104.85-104.65. - Kedia Advisory
Gold Gold experienced a decline of -0.17%, closing at 59374, following steadier trends in the wake of better-than-expected employment data. The recent data from the U.S. labor market showed a moderation in the number of workers applying for initial unemployment benefits, which came in below market expectations. The U.S. Labor Department reported a decrease of 4,000 in weekly jobless claims, totaling 228,000 for the week ending August 25. The positive labor market data impacted market...
Aluminium trading range for the day is 199.8-203.4 - Kedia Advisory
USDINR Observations USDINR trading range for the day is 82.6-83. Rupee remained in range amid dollar demand from importers and equity-related outflows The US economy grew at an annualized rate of 2.1% in the second quarter of 2023 India's inflation rate will remain above the Reserve Bank of India's upper tolerance band of 6% at least until October. SELL USDINR SEP @ 82.9 SL 83.08 TGT 82.72-82.58. EURINR Observations EURINR trading range for the...
BUY EURINR SEP @ 90 SL 89.8 TGT 90.28-90.45 - Kedia Advisory
Gold Gold displayed a notable upswing, registering a gain of 0.36% to reach a settlement of 59478. This price surge was primarily attributed to traders strategically positioning themselves in anticipation of forthcoming U.S. economic indicators. These indicators have the potential to significantly influence the probability of another interest rate hike by the Federal Reserve. The decrease in U.S. job openings witnessed in July, approaching levels akin to those before the pandemic, kindled...
Zinc trading range for the day is 216.2-220 - Kedia Advisory
Crude Oil Observation Crudeoil trading range for the day is 6522-6800. Crude oil gains amid weaker dollar and China stimulus optimism outweighed growing concerns over fuel demand. Prices were also supported by concerns that a tropical storm off the U.S. Gulf Coast may impact supply. Meanwhile, Idalia has strengthened into a hurricane with maximum sustained winds of 75 mph and stronger gusts. US weekly production of crude oil rose to highest since March 2020 – EIA SE...
Sell Crudeoil SEP @ 6750 SL 6850 TGT 6650-6550. MCX - Kedia Advisory
Cottoncandy Cottoncandy yesterday settled down by -0.17% at 59080 amid fears of lower production. after reports In Gujarat, sowing grows by nearly 5% with 2,679,299.00 hectares against sown area of 2021 which was 2,545,105.00 hectares. India’s Cotton sowing dropped by nearly -1.82% to 122.56 lakh hectares in 2023 against an area sown of 124.82 lakh hectares in 2022. Cotton arrivals so far during the current season that started in October last year has crossed 318 lakh bales according...
Buy Cottoncandy NOV @ 59350 SL 59150 TGT 59700-59900. MCX - Kedia Advisory Ltd
Gold Observation Silver trading range for the day is 72920-75680. Silver gains as the dollar index slipped below 104 The yield on the 10-year US Treasury note sank to the 4.15% level, retreating further from the 15-year high of 4.34% Investors bet that weaker economic data could deter central banks from tightening monetary policy. Markets now await key job data, the PCE price index, and Q2 GDP figures for insight into interest rate trends. SELL SILVER SEP @ 75000 SL 75800...
Sell Silver SEP @ 75000 SL 75800 TGT 74000-73200. MCX - Kedia Advisory
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