The Decline in crude oil is increasing continuously. After Saudi Arabia and Iran, Iraq also indicated to sell crude at cheap rates. Despite the decline in domestic crude oil today is close to Rs 5200. Initial strength of the rupee against the dollar has declined. The rupee had strengthened by about 0.25 per cent in early trade. Gold and Silver still positive today, in domestic market Gold traded above 27200 and Silver traded above 38900.
Buy MCX Gold 05DEC2014 (Futures) above 27230 target 27358 stop loss 27109.
Buy MCX Silver 05DEC2014 (Futures) above 38935 target 39251 stop loss 38924.