Mcx and Ncdex latest update, today Gold Silver price, commodities trading call

In the commodity market yesterday the gold was closed at 26446 and silver closed at 43610 but today both are open with decrease in points against the previous close. Both works down. If we talk about cotton then today it looks green till trading started, changes with the percentage of 0.33. 

As we all know about the nature of the base metals they change themselves very quickly, when it work in positive side then suddenly they will change their position and start working in negative side. As usual the same trend has been followed by them now. 

Nickel is only one which is trading up and looks green while the others are in red sign. Crude and mentha seems to be in same condition as of nickel. They opened with the increment in the open interest by 7.72%. 

The products like wheat, turmeric, chana and sugar looking bearish at national commodity and derivative exchange. Coriander takes a high of 6980 and low of 6955 currently working at 6977 with the rise of 48 points. 

Sell silver below 43373 
TGT 43343/43323/43313 SL 43463 

Buy cotton above 18150 
TGT 18165/18180/18195 SL 18090 

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Today 17 April 2013 Evening free Commodity tips and Intraday call

For short term ncdex chana and soyabean is looking negative. At the noon time Chana was trading at 3670 in a positive direction. Soyabean is volatile and ranges between 3680 and 3920. 

The import of yellow metal gold in India is decrease by 25 percent to 53.25 tons in April as compared to the last year. Right now it is trading at 25673 fell by 121.00

Global market is changing its position simultaneously. Sugar price for August contract incremented at Rs. 506.45 with a change of 0.18%. The base metals are looking bearish. 

Cotton surge 90 points at 18010.00 against its previous close 17920. It takes a high of 19500 and low of 16700. 

METALS	STATUS	TARGET 1	TARGET 2	STOP LOSS
Gold	Sell	25675.00	25660.00	25750.00
Silver	Sell	43720.00	43700.00	43891.00
Crude oil	Sell	4749.00	4739.00	4775.00
Lead	Sell	109.35	108.85	112.9

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