Friday morning the commodity product changes their status simultaneously. Some of the metals are moving upwards where some are going downward.
The precious metals are looking bullish today.
Gold surge 144 points at 27185.00 for June delivery. The white metal (May) up by 0.25% to Rs. 45288.00 and takes a high of 45447.00 and low of 455166 in early trading.
Yesterday the menthe oil was down and crude oil was up but today totally opposite scene has been seen between these two products. For future crude oil open with no change in its price and menthe oil open with a gain of 4 points against its previous close.
Wheat at ncdex looking negative as well as it looks same in international market. Its open interest is change with trend. The positional support for product is 1454 and resistance is 1509.
Gainers and Losers
Ncdex
UP : Barley, Caster seed, Chana, Chilli, Gur, Coriander, Kapas, Mustard seed, Pepper, potato, Soya bean
DOWN : Jeera, maize, sugar, Wheat
Mcx
UP : Gold, Silver, Mentha oil ,Cotton
DOWN : Natural gas, Aluminum, Copper, Nickel, Zinc, Lead, Crude oil
BUY
Gold above 27177 Trgt 27212/27237/27252 Stp Ls 27097
Mentha oil above 966.20 Trgt 971.2/976.2/981.2 Stp Ls 948.2
SELL
Lead below 111.20 Trgt 110.7/110.2/109.7 Stp Ls 114.2
Wheat 1451.5 Trgt 1460/1455/1450 Stp Ls 1500
Gold surge 144 points at 27185.00 for June delivery. The white metal (May) up by 0.25% to Rs. 45288.00 and takes a high of 45447.00 and low of 455166 in early trading. Yesterday the menthe oil was down and crude oil was up but today totally opposite scene has been seen between these two products. For future crude oil open with no change in its price and menthe oil open with a gain of 4 points against its previous close.
Wheat at ncdex looking negative as well as it looks same in international market. Its open interest is change with trend. The positional support for product is 1454 and resistance is 1509.
Gainers and Losers
Ncdex
UP : Barley, Caster seed, Chana, Chilli, Gur, Coriander, Kapas, Mustard seed, Pepper, potato, Soya bean
DOWN : Jeera, maize, sugar, Wheat
Mcx
UP : Gold, Silver, Mentha oil ,Cotton
DOWN : Natural gas, Aluminum, Copper, Nickel, Zinc, Lead, Crude oil
BUY
Gold above 27177 Trgt 27212/27237/27252 Stp Ls 27097
Mentha oil above 966.20 Trgt 971.2/976.2/981.2 Stp Ls 948.2
SELL
Lead below 111.20 Trgt 110.7/110.2/109.7 Stp Ls 114.2
Wheat 1451.5 Trgt 1460/1455/1450 Stp Ls 1500
