13/6/13 ncdex potato and wheat is bearish today, cotton level, buy mcx silver and gold

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

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Ncdex mcx live price || intraday trading tips for today 30 April 2013

In NMCE the rubber price for May delivery traded in a positive note. It’s support seen at 15700 and resistance at 16250 levels. Traders can buy it with target of 16250 and 16350 and stop loss of 15700. 

In early trade, today rupee rose by 13 paise to 54.12 against the US dollar. Yesterday rupee gained 12 paise at 54.25. The mcx commodity market is looking bearish today. 

The metals are going in a depth, the yellow metal drop by 0.410 percent to its previous close and white metal drop by 0.44 percent to Rs. 45085 with a high of 45439 and low of 45055.00 

The crude oil takes a change of 15 points and mentha oil changes by 2.30 points down for future delivery. Both are working in a low note. Levels for the mentha oil are 977.3 and 965.7. 

For 28 June contract copper slipped by 0.10 points at Rs. 389.10 and cotton up by 30 points or 0.22 percent for future delivery against its previous close. 18130 is its high and its low is 18080. 

In the international market gold, brent oil, silver, natural gas, soyabean oil are looking in a red sign while US wheat, cotton, coffee, London sugar are going up. 

Gold sell tgt 27025/27010/26995 sl 27135 

Silver sell tgt 45032/45007/44992 sl 45179

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