On the second week of the June month the mcx commodity market open with a green shade. The precious metal and the base metal are showing buy trend. Lead and zinc are used to work in negative sign.
At 10:47 am the gold for august gain 163 points to Rs. 27743 up 0.62% and the silver gain 335 points to Rs. 43325 up 0.83% for July contract. The cotton looks bullish today, it rise by 90 points.
The ncdex commodities are showing mixed trend. In the morning trade the chilli surge 26 points or 0.44% against its previous close. It touches a high of 5954 and low of 5854.
The commodity investment fell by $24 billion in April month, ETP assests fell 11% to $174 billion and index investment fell 4.5% to $ 128 billion. This year the gold price dropped by 18 percent.
BUY SILVER TARGET 43380/43405/43420 STOP LOSS 43237
BUY GOLD TARGET 27752/27772/27782 STOP LOSS 27642
BUY COTTON TARGET 19065/19080/19095 STOP LOSS 18990
BUY CRUDE OIL TARGET 5548/5553/5558 STOP LOSS 5523
Monday 10 June 2013
Free commodity tips, mcx ncdex live price and calls for today 10th June
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Market analysts said besides increased demand from consuming industries, a firm overseas trend after a Federal Reserve report showed a bigger-than-expected gain in regional US manufacturing, signalling improved demand.
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