Tuesday evening market report, metals are looking bearish today 30/4/13

The total export of gems and jewellery in country has declined by 15.41% in 2011-12 to 14.28% in 2012-13. In 2012-13 total export has been reported as 28482.29 and total imports is 72421.46 

Ncdex barley for may delivery trading down by 0.26% at Rs. 1338 per 100 kg at 12:09 pm. Last year barley production was 1.66 mn tons. Wheat also going down, it was trading down by 0.14% at Rs. 1473 per 100 kg. 

As compared to the morning time in evening session mcx products are working in a bearish mode. All the metals and energy product are looking negative. Cotton changes its position simultaneously. 

The precious metals gold and silver drop by 196 and 241 points for future delivery. Crude oil takes a high jump in a negative direction and slipped by near around 45 (0.88%) points at 5079.00 

All the base metals are going in a depth. A quite marginal difference has been seen in the market, Nickel drastically changes around 13.80 points down. It takes a high of 835.80 and low of 825.40. 

Sell nickel target 826.1 | 825.6 | 824.1 stop loss 830.8 

Sell silver target 45143 | 45118 | 45103 stop loss 45241 

Sell gold target 26954 | 26929 | 26914 27stop loss