Wednesday, 15 May 2013

Evening mcx ncdex market updates, cotton and copper trend for today 15/5/13

A high downfall has been occurred in the price of the precious metals. Sliver drop around 1.84 percent to Rs. 43695.00 and gold drop by 0.90 percent at 26466.00 

The oil and base metals are looking bearish for the noon session. Cotton which was traded in a high note right now is working down 20 points at 17920.00, only the natural gas maintained its position and gain 1.80 points. 

In the base metals nickel has dropped 10.50 points and the strongest metal among them copper for June slipped 4.35 points. 

The rape mustard seed has range bound between 3410-3560. Support for commodity is at 1130 and resistance at 1205 level. The total production estimated around 71.5 lakh. 



PRODUCTS
GAINER/LOSER
CHANGES (%)
CONTRACT
Gold
Loss
0.69%
June
Siver
Loss
1.53%
July
Crude oil
Loss
1.00%
May
Chana
Gain
0.73%
June
Natural gas
Gain
1.09%
May
Chilli
Gain
0.2%
September
Jeera
Loss
0.17%
May
Maize
Gain
1.66%
June
Potato
Loss
0.79%
June
 

Gold Status sell target 26423/26398/26383 stop loss 26548 

Silver Status sell target 43671/43646/43631 stop loss 43806

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