Tuesday, 16 July 2013

Mcx crude oil price, ncdex chilli level, intraday trading tips for today 16 July 2013

Tuesday the mcx commodities are moving very slightly. At 11:28 am all the products precious metal, base metals and the energy sources are looking bullish for the future delivery. 

The crude oil price up by 12 points at 6297.00 and the cotton price are down by 20 points at 19510.00 for the July contract. They used to change their positions or status very frequently. 

Ncdex chilli is looking bearish today with a decrease of 16 points or 0.29 percent to Rs. 5490.00 against its previous close, it takes a high of 5494.00 and a low of 5446. The maize seems to be in same trade as of chilli. 

Nickel buy above 802.80 
target 803.3/803.8/804.3 stop loss 800.8 

Copper buy above 415.70
target 416.2/416.7/417.2 stop loss 413.7 

Cotton sell below 19500
target 19490/19480/19470 stop loss 19550


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