Thursday 20 June 2013

Thursday mcx commodity market trend and rupee fall down today 20/6/13

In the early morning trading time the precious metals are looking bearish, the price of yellow metal gold decrease 0.75 percent and the price of white metal silver decrease by 0.90 percent. 

energy products crude oil and mentha oil seems to be in same condition as of precious metals but the natural gas rise by 1 point to Rs. 234.60 for June delivery. The support for commodity is 230.9 and resistance is 236.3. 

Rupee hits a low of 60 down 130 paise against the US dollar. In the previous session it gained 7 paise to close at Rs. 58.70. Cotton is looking bullish with a rise of 80 points at 19190.00 

The base metals are showing both the trends up and down. Copper and nickel looking negative while the aluminium, lead and zinc going up. Nickel slumps 7.30 points or 0.83% to Rs. 827.40. 

Sell silver below 43566 target 43531/43506/43491 stop loss 43653 

Buy cotton above 19180 target 19195/19205/19220 stop loss 19100 

Sell nickel below 825.70 target 824.7/823.7/822.7 stop loss 829.7

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