Purchase Gold, Lead- product viewpoint by Bhavik Patel of Tradebulls Securities

1. BUSINESS STANDARD Purchase Gold, Lead: product viewpoint by Bhavik Patel of Tradebulls Securities Wares Outlook and a stock proposal by Bhavik Patel—Sr. Specialized Analyst (Commodities), Tradebulls Securities    

2. Markets News years high restricting additions in Rupee. Low unrefined petroleum costs will help rupee however Chinese yuan has begun devaluing against solid US dollar so gain in our rupee is restricted. : Dollar: The record has revitalized to 2 Gold: We are transient bearish on gold yet extremely bullish as long as possible. Trump’s reprimand news is making speculators running to a place of refuge US dollar. Geopolitical hazard in the Middle East has died down so gold’s sparkle is blurring. Gold is battling a direct result of a solid US dollar which is exchanging at 2 years high over 99. Brent Crude: In 15 min diagram, raw petroleum is exchanging beneath 20, 50 and 200 DMA. We anticipate that Brent should come till $57-$56 and in MCX, unrefined petroleum currently has support at 3650 levels. It needs to close over its 200 DMA at 4000 for crisp purchasing. Purchase Lead | TGT 156 | Stoploss 152. Since fifth August, it was bound into a little scope of 153.20 to 156.50. The restricted range is baffling for speculators and such low unpredictability is a forerunner for greater movement. Read Full Story: Purchase Gold, Lead