BULLION:
Gold December gold GCZ3 -0.45% jumped $61.70, or 4.7%, to settle at $1,369.30 an ounce.
Gold Mcx Trend:
GOLD is likely to open flat note and it would remain range bound between 30670 and 30480 levels. Break out of either level would dictate an intraday trend
Silver SIZ3 -1.25% fared even better percentage wise, with its December contract shooting up 8%, or $1.73, to $23.29 an ounce.
Silver Mcx Trend:
Silver remains volatile between 49600 – 51800 levels. Volatility can be expected
Gold Projected High Range at 30563-30858
Gold Projected Low Range at 30530-30235
Gold Mcx Oct Resistance on Upside at 30716-30999-31283
Gold Mcx Oct Support on Low side at 30127-29821-29538
Gold Trend Deciding Point at 30410
Silver Projected High Range at 51832-52937
Silver Projected Low Range at 51393-50288
Silver Mcx Sep Resistance on Upside at 52458-53416-54374
Silver Mcx Sep Support on Low side at 50249-48998-48040
Silver Trend Deciding Point at 51207
BASE METALS:
Copper settled higher with the December to settle at nearly $3.346 a pound.
Copper Mcx Trend:
Copper would remain range bound between 468 and 462 levels.
Copper Projected High Range at 466-470
Copper Projected Low Range at 464-460
Copper Mcx Aug Resistance on Upside at 468-471-474
Copper Mcx Aug Support on Low side at 461-456-453
Copper Trend Deciding Point at 463
Nickel Projected High Range at 893-905
Nickel Projected Low Range at 886-875
Nickel Mcx Aug Resistance on Upside at 900-909-919
Nickel Mcx Aug Support on Low side at 877-863-854
Nickel Trend Deciding Point at 886
ENERGY:
Crude oil for October to settle at $105.52 a barrel.
Crude Mcx Trend:
Crude also expected t o open lower and it would test 6566 and 6510 levels
October natural gas ended at $3.773 British thermal units.
Natural Gas Mcx Trend:
Natural gas expected to trade lower 226/225 levels.
Crude Projected High Range at 6687-6776
Crude Projected Low Range at 6774-6685
Crude Mcx Sep Resistance on Upside at 6717-6835-6953
Crude Mcx Sep Support on Low side at 6539-6479-6361
Crude Trend Deciding Point at 6657
Natural Gas Projected High Range at 233-237
Natural Gas Projected Loe Range at 236-233
Natural Gas Mcx Aug Resistance on Upside at 235-239-244
Natural Gas Mcx Aug Support on Low side at 228-225-221
Natural Gas Trend Deciding Point at 232
TODAY STOCK MARKET TIPS
Buy Natural Gas Mcx Sep Above 232.50 sl 230.50 Tgt 234.50-236.50
Buy Mentha Oil Mcx Sep Above 861 sl 854 Tgt 868
ECONOMIC DATA TO WATCH:
| DATE | TIME | Region | Event | Period | Survey | Prior |
| 20.09.2013 | 05:20 | JN | Japan Buying Foreign Bonds | Sep-13 | — | -¥66.5B |
| 20.09.2013 | 05:20 | JN | Japan Buying Foreign Stocks | Sep-13 | — | ¥38.1B |
| 20.09.2013 | 05:20 | JN | Foreign Buying Japan Bonds | Sep-13 | — | -¥197.3B |
| 20.09.2013 | 05:20 | JN | Foreign Buying Japan Stocks | Sep-13 | — | ¥185.4B |
| 20.09.2013 | 11:00 | IN | RBI Cash Reserve Rate | Sep-20 | — | 4.00% |
| 20.09.2013 | 11:00 | IN | RBI Purchase Rate | Sep-20 | — | 7.25% |
| 20.09.2013 | 11:00 | IN | RBI Reserve Repo Rate | Sep-20 | — | 6.25% |
| 20.09.2013 | 19:30 | EC | Consumer Confidence | Sep A | -14.5 | -15.6 |
Visit profitkrishna.com to know more about Commodity Outlook and Best Stock Tips