In the evening trading time both the commodity exchanges are showing opposite trend. The multi commodity exchange is looking positive while the national commodity and derivative exchange looking negative.
MCX : The precious metals seems to be in good mood, they are rising till morning time. Both gold and silver are showing buying trend. In the morning time crude oil used to work in a down side but right now it gain 35 points at 6468.00 and mentha oil is depreciated around 29 points at 881.10. If we talk about the base metals then are also strongly rising up. Among all metals nickel price rise by 7.50 points to Rs. 846.50. The cotton changes its position and start top walk in the same path as of the precious metals.
NCDEX : Except potato all the food grain materials are looking bearish for the future delivery. Chana drop around 3.58 percent to Rs. 2631.00, guar gum is heavily dropped by 580 points. The sweet sugar also tried to work in a negative side. A total reverse scene has been seen in the ncdex market as compared to mcx market. It’s quite incredible to see the fluctuation in the commodities.
TODAY TRADING CALLS
Chilli Sell Target 5500 | 5490 | 5480 Stoploss 5550
Nickel Buy Target 846.3 | 847.3 | 848.3 Stoploss 841.3
Jeera Sell Target 13515 | 13505 | 13495 Stoploss 13565
Silver Buy Target 41358 | 41383 | 41398 Stoploss 41243
MCX : The precious metals seems to be in good mood, they are rising till morning time. Both gold and silver are showing buying trend. In the morning time crude oil used to work in a down side but right now it gain 35 points at 6468.00 and mentha oil is depreciated around 29 points at 881.10. If we talk about the base metals then are also strongly rising up. Among all metals nickel price rise by 7.50 points to Rs. 846.50. The cotton changes its position and start top walk in the same path as of the precious metals.
NCDEX : Except potato all the food grain materials are looking bearish for the future delivery. Chana drop around 3.58 percent to Rs. 2631.00, guar gum is heavily dropped by 580 points. The sweet sugar also tried to work in a negative side. A total reverse scene has been seen in the ncdex market as compared to mcx market. It’s quite incredible to see the fluctuation in the commodities.
TODAY TRADING CALLS
Chilli Sell Target 5500 | 5490 | 5480 Stoploss 5550
Nickel Buy Target 846.3 | 847.3 | 848.3 Stoploss 841.3
Jeera Sell Target 13515 | 13505 | 13495 Stoploss 13565
Silver Buy Target 41358 | 41383 | 41398 Stoploss 41243
