Monday, commodity market opens with a high good note. The most important precious metals are going up. The yellow metal surge 18 points while the white metal rose by 0.40% at 45211.00
The base metal changes their position simultaneously. The energy products are showing both the trend. The crude oil and menthe oil looking opposite to each other if one is up then the other one looks down.
For April delivery Zinc, lead, Aluminum, Nickel and Copper all are slipped by near about 0.55 to 2 points against their previous close. Natural gas rose by 1.40 points at Rs. 232.00
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As the festive season is going on the demand for the cloths is increasing. Therefore, the Cotton for future contract gains 0.39 percent with a high of 18020.00 and low of 17910.00 having open interest 0.94% down.
If we talk about the ncdex market then in these Barley, Chilli, Coriander, Gur, Mustard seed and Kapas are working up and Caster seed, Chana, Jeera, Maize and Potato are going down.
SILVER
STATUS BUY
TARGET 45246/45271/45286
STOP LOSS 45131
CRUDE OIL
STATUS SELL
TARGET 50337/5031/5025
STOP LOSS 5060
GOLD
STATUS BUY
TARGET 27222/27242/2757
STOP LOSS 27137
The base metal changes their position simultaneously. The energy products are showing both the trend. The crude oil and menthe oil looking opposite to each other if one is up then the other one looks down.
For April delivery Zinc, lead, Aluminum, Nickel and Copper all are slipped by near about 0.55 to 2 points against their previous close. Natural gas rose by 1.40 points at Rs. 232.00
As the festive season is going on the demand for the cloths is increasing. Therefore, the Cotton for future contract gains 0.39 percent with a high of 18020.00 and low of 17910.00 having open interest 0.94% down.If we talk about the ncdex market then in these Barley, Chilli, Coriander, Gur, Mustard seed and Kapas are working up and Caster seed, Chana, Jeera, Maize and Potato are going down.
SILVER
STATUS BUY
TARGET 45246/45271/45286
STOP LOSS 45131
CRUDE OIL
STATUS SELL
TARGET 50337/5031/5025
STOP LOSS 5060
GOLD
STATUS BUY
TARGET 27222/27242/2757
STOP LOSS 27137
