Friday, 31 May 2013

Friday ncdex kapas trend, cotton live status and intraday future trading tips

Yesterday was a quite interesting day for the Indian commodities, as far as today’s market concern it is highly changed and looks positive. The gold and silver surge 87 points and 112 points. Thursday gold was closed at 27158 and silver was closed at 44421. 

As the festive season is running the demand for the cloths is also high in market, cotton for June is trading at 18680 up 70 points or 0.38 percent. Friday it opened at 18400, 70 points up against its previous close. Ncdex kapas is also working high at 1088.5 with a gain of 1.68% 

The base metals like aluminium, copper, lead, nickel are trading in a positive side while the zinc is drop by 0.05 points. The energy sources follow the same trend as of precious metal. 

If we talk about the ncdex commodities then most of the products are showing buy trend while one or two of them are slipping down like chilli, coriander and jeera.
              At 11:05 there is no change has been occurred in the price of wheat, it remain as it is. 

Silver Status Buy 
Tgt 44603/44628/44643 Sl 44478 

Coriander Status Sell 
Tgt 6823/6813/6803 Sl 6883


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