Monday 8 July 2013

Nickel level, base metals tips, silver and crude oil call, mcx ncdex tips for today 8 July 2013

Monday in early morning trading session at multi commodity exchange the commodities are showing both the trend up and down. The products are used to change their positions simultaneously and steadily for the future contracts. 

The precious metals gold and silver are looking bearish. The yellow metal gold slip by 0.29 percent or 75 points to Rs. 25959.00 and the white metal silver slip by 0.52 percent or 208 points to Rs. 40090.00. 

The crude and mentha oil follows the same trend as of the precious metals. The crude oil price drop by 46 points while the mentha oil cost drop by 22.50 points. Inspite of these the natural gas is working in a positive side.

All the base metals are seems to be trade in a red flag with highly depreciating in price. Among all base metals the nickel for the July delivery slips around 5.60 points at 813.00 takes a high of 819.20 and low of 813.70. 

Cotton status buy 
Target 20085 | 20095 | 20107 Stop Loss 20020 

Silver status sell 
Target 40034 | 40014 | 40004 Stop Loss 40148

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