Wednesday the metals have maintained their position till early morning trading time and still working in a same condition, maintained their position with a high rise in the points. All the mcx commodities are looking bullish.
The gold and silver are strongly going higher and higher with a hugh change in the price for the delivery of the future contract. Both are showing buying trend today. The base used to follow the trend of the precious metals.
The ncdex commodities as compared to the mcx commodities are looking bearish because most of the products at national commodity and derivative exchange are working in a downward direction.
Soyabean for october delivery was seen to be trading at 3078.00 per 100 kgs down by 1.93 percent, traders are advice to sell it around 3120 with a stop loss of 3190 having target of 2910.
BUY
Chana Target 3258 | 3264 | 3272 Stop Loss 3229
Cotton Target 19675 | 19690 | 19705 Stop Loss 19600
SELL
Barley Target 1356 | 1349 | 1342 Stop Loss 1394
Maize Target 1413 | 1405 | 1397 Stop Loss 1443
The gold and silver are strongly going higher and higher with a hugh change in the price for the delivery of the future contract. Both are showing buying trend today. The base used to follow the trend of the precious metals.
The ncdex commodities as compared to the mcx commodities are looking bearish because most of the products at national commodity and derivative exchange are working in a downward direction. Soyabean for october delivery was seen to be trading at 3078.00 per 100 kgs down by 1.93 percent, traders are advice to sell it around 3120 with a stop loss of 3190 having target of 2910.
BUY
Chana Target 3258 | 3264 | 3272 Stop Loss 3229
Cotton Target 19675 | 19690 | 19705 Stop Loss 19600
SELL
Barley Target 1356 | 1349 | 1342 Stop Loss 1394
Maize Target 1413 | 1405 | 1397 Stop Loss 1443
