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Spices
Cardamom prices at MCX December contract traded firm due to short covering at lower levels by traders. This trend is likely to continue in next trading session as well. Trading range for next trading session is seen between 862-875 and either side break out will give clear direction to the prices.
Plantation
Rubber prices at NMCE December contract traded sideways to bullish due to some short covering at lower levels by traders. It likely to trade firm in next trading session as well on short covering. Trading range for next trading session is seen between 11550-11640 and either side break out will give clear direction to the prices.
Precious Metals
At MCX, Gold futures for December delivery is expected to trade sideways today with an intraday support of 26300. Intraday resistance for the metal is seen at 26700.
Base Metals
MCX Nickel futures may trade sideways to bullish today. For intraday, support for the metal is seen at 955 while 978 is the resistance for the same.
Energy
Crude Oil futures for November delivery at MCX may trade sideways to bearish with an intraday support of 4580. Intraday resistance for the commodity is seen at 4660.