19th august 2013 commodity online, mcx call, intraday trading tips for today

Monday morning seems to be a normal day for trading as their is not so much of fluctuation seen in the price of the products. Gold changes its position within a second as it goes towards the positive and then to negative side. The white metal silver opened at 51000 up by 238 points and still working in a bullish note with an intraday high 51132. The energies looks same as of the precious metal as they show both the trends, crude oil is trading in a negative side down by 35 points while the mentha oil looking green today. 

If we jump towards the base metals then their is a lot of depriciation seen in them. The most strongest metals copper and nickel slumps around 0.19 percent and 0.99 percent for the august delivery. The support and resistance level for the commodities are 

COPPER SUPPORT 464, 461.4 RESISTANCE 470.5, 473.1 
NICKEL SUPPORT 929.5, 924.1 RESISTANCE 942.5, 947.9 

COTTON BUY ABOVE 22590 TARGET 22605, 22620, 22635 STOPLOSS 22540 

NICKEL SELL BELOW 925.40 TARGET 926.40, 927.40, 928.40 STOPLOSS 928.40

Read More

Today 26 july’13 evening gold silver price, cotton is looking bullish, base metal trend

Friday in the evening session time at multi commodity exchange all the commodities are looking bearish. The cotton is the only one among all products which is looking bullish and maintained its position. 

In the morning trade gold was traded in a positive side but as the time goes on and on it changes its direction and started to work in a negative side. Gold price slumps by 0.14% at 27367.00 and the silver price slumps by 0.93% at 41054.00 

For July contract cotton is going up. At 4:42 pm the commodity gains 260 points or 1.35 percent to Rs. 19520.00, it takes a high of 19570.00 and a low of 19160.00. The base metals are totally working in opposite direction as of cotton. 

BUY COTTON ABOVE 19500.00 
TARGET 19515 | 19530 | 19545 STOPLOSS 19450 

SELL SILVER BELOW 40990.00 
TARGET 40960 | 40940 | 40930 STOPLOSS 41070

Read More

Friday ncdex kapas trend, cotton live status and intraday future trading tips

Yesterday was a quite interesting day for the Indian commodities, as far as today’s market concern it is highly changed and looks positive. The gold and silver surge 87 points and 112 points. Thursday gold was closed at 27158 and silver was closed at 44421. 

As the festive season is running the demand for the cloths is also high in market, cotton for June is trading at 18680 up 70 points or 0.38 percent. Friday it opened at 18400, 70 points up against its previous close. Ncdex kapas is also working high at 1088.5 with a gain of 1.68% 

The base metals like aluminium, copper, lead, nickel are trading in a positive side while the zinc is drop by 0.05 points. The energy sources follow the same trend as of precious metal. 

If we talk about the ncdex commodities then most of the products are showing buy trend while one or two of them are slipping down like chilli, coriander and jeera.
              At 11:05 there is no change has been occurred in the price of wheat, it remain as it is. 

Silver Status Buy 
Tgt 44603/44628/44643 Sl 44478 

Coriander Status Sell 
Tgt 6823/6813/6803 Sl 6883

Read More

Today’s 16/4/13 commodity market news, MCX Intraday Calls and Updates

Monday was very disappointing to the consumers. Copper took a highest low after eighteen months according to China and US data record, affect the global growth as well. 

According to experts this week cotton may trade lower as the demand for the export is increased in India. For future export it fell by 2.02%. 

Monday Mcx silver closed at 44378 and today it opened at 43876 down by 502 points. Yesterday in the noon time it slipped by near about 4500 points and Gold by 2000 points. The support for gold is 25345 and resistance is 29058. 

In the International market Wheat is going higher and higher. The same situation has been seen in the trading of Soyebean Oil, Corn and Natural gas. The price of Brent oil takes a change of 0.20% at 99.56 for June contract. It drops below $100 since last July. 

NCDEX cardamom last traded at 854.40 changes by 35.60 points down with an open interest at 45 in 68 lots, takes a high of 900 and low of 854.40. 

Gold sell below 25479 tg 25464/25449 sl 25539 
Silver sell below 43239 tg 49204/49174 sl 43539 

For more details click on the above given image

Read More