MCX : It seems to be a quite better day in trading sense as the products are reaching towards the positive note. After a long time all the metals are strongly showing buy trend. Their is a spontaneous reaction has been occur in the price of the commodities. Among all the metals silver and cotton gains a lots and lots of points for the future delivery. Their is no change seen in the price of zinc.
NCDEX : At national commodity and derivative exchange most of the food grains working in a green shade. Turmeric, Maize, Chana, Chilli and Barley are used to do trading in a downward direction. For September caster seed looks range bound between 3250-3350, it was trading up 2.19% at Rs. 3307 per 100 kg. Indian caster oil touches 39422 tons and 59900 tons in April and May 2013. It is expected that the heavy rainfall pressured the commodity price in domestic market.
Barley (Oct) status buy Above 1259
TG 1262 | 1268 | 1273 SL 1239
Chilli (Aug) status sell Below 5340
TG 5320 | 5300 | 5290 SL 5400
Nickel (Aug) status buy Above 834.70
TG 835.2 | 835.7 | 836.2 SL 832.70
Silver (Sep) status buy Above 41875
TG 41905 | 41925 | 41935 SL 41795
Wednesday morning to be a great day for the trading as all the commodities are working in a positive side. All the base metals, precious metals as well as the energy sources are looking bullish.
The yellow precious metal gold gain 180 points or 0.63 percent to Rs. 28885.00 with a high of 29010.00 and a low of 28790.00 and the white metal silver gain 457 points or 1.10 percent to Rs. 42120.00 with a high of 42181.00 and a low of 41858.00
The crude oil price for August increases around 0.65 percentage at 6326.00 and the price of mentha oil decreases around 0.43 percentage at 883.00. Cotton is also showing bullish note.
buy silver target 42158/42183/42198 stoploss 42043
buy gold target 28947/28967/28977 stoploss 28837
buy cotton target 19735/19745/19760 stoploss 19670
Today at 4:39 pm the precious metals and base metals are looking bullish for the future delivery. The silver price increase by 101 points at 41247.00 and the gold price increases by 70 points at 28347.00
CRUDE OIL : The crude oil for august gain 0.70 percent or 44 points to Rs. 6295.00. It was opened at 6232.00 down 19 points down against its previous close. Its high is 6299.00 and low is 6224.00
The cotton and mentha oil are the only products among all mcx products which are working in a red shade. Mentha oil loss 2.30 points at 887.30 and cotton losses 30 points at 19360.0
Gold buy targets 28417 | 28437 | 28447 stop loss 28305
Silver buy targets 41454 | 41474 | 41484 stop loss 41334
Tuesday the mcx market is looking bullish as compared to these the ncdex market is looking bearish. The metals at multi commodity exchange working in a high note with a high rise in points while the products at national commodity and derivative exchange highly depriciating today.
Buy nickel tgt 817.20/818.20/819.20 sl 812.20
Sell cotton tgt 19300/ 19285/19270 sl 19355
Buy copper tgt 411.95/412.45/412.95 sl 408.95
Sell chilli tgt 5463/5453/5438 sl 5533
Buy soyabean tgt 2909/2917/2927 sl 2849
Sell turmeric tgt 5074/5064/5054 sl 5124
In the evening trading time the precious metals gold and silver are looking bullish for the future delivery against their previous close with a high rise in points. Yellow metal gain 307 points and white metal 327 points.
The crude oil price increases by 0.77 percent or 48 points at 6247.00 for august. It tooks a high of 6248.00 and a low of 6186.00. The mentha oil seems to be in red shade.
The base metals copper, nickel and lead are working in a green shade while their is no change has been occured in the price of aluminium, it used to remain as it is to Rs. 104.20
Gold buy target 27981/28006/28021 stoploss 27866
Silver buy target 41427/41447/41457stoploss 41286
Monday the mcx commodities are showing both the trends up and down. Some of the products are looking bullish while some are looking bearish today. Their is a lot of fluctuation has been seen in the base metal price.
The precious metals gold is up by 97 points at 27728.00 and the price of silver are drop by 200 points at 40850.00. the support level for gold is 27535.4 and the resistance level is 27726.6 and the support level for silver is 40876.2 and resistance level is 41223.8
The energy products crude oil, mentha oil and natural gas are working in a negative side. The ncdex market is exactly looking same as of mcx market. The barley is trading in a positive side for all session.
Jeera price drop by 142.5 points or 1.06 percent to Rs. 13325 with a high of 13420.00 and a low of 13250.00. Chilli looks positive for August delivery but for September, October and November delivery it goes down.
Sell Mentha Oil Tg 870.50/866.50/860.50 Sl 900.50
Buy Maize Tg 1317/1327/1337 Sl 1270
Sell Silver Tg 40735/40715/40705 Sl 40845
GOLD SILVER : In the morning trade both the precious metals are looking bullish for future delivery. The yellow metal gain 0.77% or 210 points at 27615.00 and the white metal gain 0.57% or 231 points at 40994.00
COTTON : The is working in a red shade in early morning. It drops around 100 points or 0.51 percent to Rs. 19380.00. The commodity takes a high of 19450.0 and low of 19360.00
TURMERIC : The ncdex turmeric is working in a downward direction for all session. Its price drop by 48 points for august at 5418, 40 points for september at 5480, 48 points for october at 5570 and 84 points or november delivery at 5630.
CRUDE OIL AND MENTHA OIL : Both the energy products crude oil and mentha oil are looking bearish today. They may slumps around 16 points and 6 points for future contract. The support and resistanxce level of the commodities are :
Crude oil R1 : 6253.3 S1 : 6168.7
Mentha oil R1 : 907.7 S1 : 886.3
INTRADAY TRADING CALLS
Gold buy target 27631/27647/27662 stop loss 27556
Cotton sell target 19350/19340/19330 stop loss 19400
FILL THE FREE TRIAL FORM TO GET MORE MCX NCDEX CALL
Friday in the evening session time at multi commodity exchange all the commodities are looking bearish. The cotton is the only one among all products which is looking bullish and maintained its position.
In the morning trade gold was traded in a positive side but as the time goes on and on it changes its direction and started to work in a negative side. Gold price slumps by 0.14% at 27367.00 and the silver price slumps by 0.93% at 41054.00
For July contract cotton is going up. At 4:42 pm the commodity gains 260 points or 1.35 percent to Rs. 19520.00, it takes a high of 19570.00 and a low of 19160.00. The base metals are totally working in opposite direction as of cotton.
BUY COTTON ABOVE 19500.00
TARGET 19515 | 19530 | 19545 STOPLOSS 19450
SELL SILVER BELOW 40990.00
TARGET 40960 | 40940 | 40930 STOPLOSS 41070
Today it seems to be a trading day for gold because the yellow precious metal is the only one which is looking bullish in early trade. In the international market its price rise by 9.30 points at 1336.80 and in Indian market it increases by 48 points at 27452.00
In the ncdex market soya bean, soya oil, jeera, gur and barley are looking greenish while all other products are seems to be red flag. Barley surge 14.5 points or 1.22 percent to Rs. 1207.00
For august chilli is going down, decreases around 0.11 percent to Rs. 5560 but for the delivery of September month it gains 14 points or 0.25 percent at 5550.00 with a high of 5550.00 and a low of 5508.00
PRODUCTS LIVE RATES : Gold (+0.18%), Jeera (+0.37%), Wheat (+1.03%), Barley (+1.13%), Gur (+0.3%), Silver (-0.21%), Turemeric (-0.17%), Crude Oil (-0.59%), Natural Gas (0.74%), Mentha Oil (-0.63%), Copper (-0.63%), Nickel (-0.20%), Zinc (-0.55%), Lead (-0.49%), Aluminium (-0.43%), Copper (-0.31%), Chana (-0.19%), Turmeric (-0.71%)
Sell cotton tg 19195/19180/19165 sl 19260
Sell crude oil tg 6219/6211/6203 sl 6252
Thursday seems a horrible day for trading as the commodities doesn’t to the positive side, from the early morning trade to evening time the metals as well as the energy products has been trade in a downward direction.
The cotton and silver are strongly decreasing. The silver price drop by 0.89 percent or 367 points to Rs. 40979.00 and the cotton price decreases by 1.28 percent or 250 points to Rs. 19310.00.
At 5:12 pm a sudden change occurs in the gold price and it slumps around 95 points to Rs. 27145.00 for the august delivery. The base metals are used to maintain their position and showing a red signal for trading.
Sell silver tgt 40975/40950/40940 sl 41090
Sell cotton tgt 19175/19160/19145 sl 19250
Today the commodity market is seems to be in fully bearish note whether it’s a multi commodity exchange or national commodity and derivative exchange. All the metals and food grains are showing down trend.
The two most precious metals gold and silver dropped near around 90 points and 240 points for the delivery of future contract. The same condition has been seen in the price of energy products and the base metals. Cotton also used to follow the same path as of the others.
SUPPORT AND RESISTANCE LEVEL
Products
|
Support Level
|
Resistance
Level
|
Gold
|
27515.1
|
27515.1
|
Jeera
|
13142.6
|
13382.4
|
Silver
|
40903.8
|
41788.2
|
Chilli
|
5480.8
|
5551.2
|
Crude oil
|
6180.3
|
6353.7
|
Sugar
|
3011.1
|
3032.9
|
Copper
|
416.4
|
422.9
|
Turmeric
|
5508.4
|
5631.6
|
Nickel
|
836.8
|
855.4
|
Silver sell target 41075 | 41055 | 41045 stop loss 41175
Cotton sell target 19460 | 19445 | 19430 stop loss 19520
Crude oil sell target 6197 | 6189 | 6179 stop loss 6241
Nickel sell target 838.2 | 837.2 | 836.2 stop loss 843.2
Evening session in commodity market seems to be quite disgraceful for trading. From the morning time the commodities used to work in a downside and are still maintained the position and remain as it is.
The energy source crude oil is going down where the mentha oil is going up. The crude oil price is depreciated by 0.52 percent to Rs. 6360.00 and the menthe oil surge 11.80 points to Rs. 889.30
If we talk about the base metals then among all base metals the copper is the only one which is looking bullish in spite of this all other metals like zinc, lead, aluminium, nickel are looking bearish.
CRUDE OIL SELL TGT 6343/6337/6331 STOPLOSS 6370
NICKEL SELL TGT 834.3/833.8/833.3 STOPLOSS 837.3
tO gET mORE mCX nCDEX cOMMODITY mARKET tIPS aND iNTRADAY cALLS
As compared to yesterday today mcx commodity market is looking bearish. All the base metals, precious metals and the energy products are showing downtrend. The yellow precious metal is rising up.
The gold gain 0.13% or 35 points to Rs. 27609.00 and the white metal silver down by 0.39% or164 points to Rs. 41690.00. The support and resistance level for gold and silver are
GOLD S1: 27465 R1: 27692
SILVER S1: 41573.2 R1: 42134.2
Gainers
|
Losers
|
Gold
|
Silver
|
Mentha
Oil
|
Crude oil
|
Chilli
|
Cotton
|
Gur
|
Turmeric
|
Sugar
|
Barley
|
Chana
|
Kapas
|
-
|
Jeera
|
Sell Jeera Below 13305 TG 13295 | 13285 | 13275 SL 13345
Buy Chilli Above 5500 TG 5510 | 5520 | 5530 SL 5460
Sell Silver Below 41690 TG 41660 | 41640 | 41630 SL 41770
