After a long time today in early trading all the commodities are looking bullish and used to do trade in positive side with buying trend. The precious metals as well as the base metal all are going up. The gold surge 170 points to Rs. 28122 and the silver gain 267 points to Rs. 43813.
There is a high jump has been taken by the cotton. The cotton price rise around 200 points or 1.05 percent at 19290.00 for June delivery against its previous close, with a high of 20060.00 and low of 17570.00.
On India’s National Commodity and Derivative Exchange the turmeric and barley looks positive where all the other food grains sharply going down. Kapas rose by 0.23 percent to Rs. 1074.5 for April.
Potato and wheat looking bearish today for all session. Potato drops near about 10 points at 722 and wheat decreases by 11 points at 1618. If we see the overall trend then most of the products going down in ncdex while in mcx all metals looks in green shade.
Silver buy tgt 43985 | 44010 | 44025 sl 43870
Cotton buy tgt 19325 | 19340 | 19355 sl 19220
Thursday, 13 June 2013
13/6/13 ncdex potato and wheat is bearish today, cotton level, buy mcx silver and gold
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