Tuesday, NCDEX red chilli July is looking bearish. Its support is seen at 5912, 5864 and resistance seen at 6099, 6110. Yesterday it was closed at 6000 per quintal up 0.44%, with high: 6088, low: 5922.
It is quite interesting to look at the trend of MCX goods; they are fully focusing on the positive side. The fact is that there is no vast differences has been occurs in the price of commodities.
Today also the precious metals are going up, gold surge 144 points at 28155 and silver surge 18 points at 44180. While the energy products seem to be in green shade. The cotton is in well uptrend. The base metals try to maintain their status.
Internationally the crude drop by the change of 0.24 percent at 103.71 and Corn rises with a gain of 2 points or 0.31% to Rs. 652.00. The gold fall around 2.90 points in global market.
Nickel Status Buy Above 877.20
Target 878.2/879.2/880.2 Stop Loss 873.2
Chilli Status Sell Below 5910
Target 5902/5892/5882 Stop Loss 5960
Mentha Oil Status Buy Above 1009.80
Target 1015.8/1021.8/1026.8 Stop Loss 989.8
Tuesday, 11 June 2013
11 June 2013 mcx commodities looking bullish, gold silver price and intraday trading tips
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