Saturday 8th June gold silver level, caster seed trend, gainers losers and trading tips

This year the production of caster seed has estimated lower at 11.31 lakh tones against 15.76 tonnes. It gain 62 points for June delivery at 3553 and takes a high and low of 3555 and 3503. 

The precious metals adjust their position very nominally. The yellow metal gold up by 40 points to Rs. 27572.00 and the white metal silver drop by 92 points to Rs. 42945.00. The resistance and support level for the commodities are : 

GOLD R1 : 27795 S1 : 27011 
SILVER R1 : 43875 S1 : 42761 

There is no such high changes can be make out in the price base metals. The crude oil and mentha oil looks in the same as of base metal. As compared to yesterday today cotton seems to be trade in a negative direction. 

Gainers : gold (aug), crude oil (june), aluminium (june), nickel (june), lead (june), zinc (june), caster seed (july), chilli (aug), maize (aug), wheat (july)

Losers : silver (july), copper (june), mentha oil (june), cotton (june), chana (july), gur (july), turmeric (aug) 

BUY 

Nickel tg 864.4 | 864.9 | 865.4 sl 861.9 
Chilli tg 5830 | 5840 | 5850 sl 5760 

SELL 

Silver tg 42929 | 42919 | 42899 sl 42874 
Chana tg 3152 | 3142 | 3132 sl 3212 

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Today's 29/4/13 MCX NCDEX tips, Cotton update, intraday future trading calls

Monday, commodity market opens with a high good note. The most important precious metals are going up. The yellow metal surge 18 points while the white metal rose by 0.40% at 45211.00 

The base metal changes their position simultaneously. The energy products are showing both the trend. The crude oil and menthe oil looking opposite to each other if one is up then the other one looks down. 

For April delivery Zinc, lead, Aluminum, Nickel and Copper all are slipped by near about 0.55 to 2 points against their previous close. Natural gas rose by 1.40 points at Rs. 232.00 

As the festive season is going on the demand for the cloths is increasing. Therefore, the Cotton for future contract gains 0.39 percent with a high of 18020.00 and low of 17910.00 having open interest 0.94% down.

If we talk about the ncdex market then in these Barley, Chilli, Coriander, Gur, Mustard seed and Kapas are working up and Caster seed, Chana, Jeera, Maize and Potato are going down. 

SILVER 
STATUS BUY 
TARGET 45246/45271/45286 
STOP LOSS 45131 

CRUDE OIL 
STATUS SELL 
TARGET 50337/5031/5025 
STOP LOSS 5060 

GOLD 
STATUS BUY 
TARGET 27222/27242/2757 
STOP LOSS 27137

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