Mcx commodity market price update, intraday trading call for today 25/6/13

Tuesday the commodities are looking in the same phase as they were look yesterday, all the precious metal, base metal as well as the energy products are looking bearish working in a red flag with a highly decrement points. 

The precious metal gold slumps by 158 points and silver by 420 points. The cotton price drop around 130 points or 0.67% to Rs. 19370 in early trade with a high of 19460.00 and low of 19320.00 

Among all the base metal nickel has drop by 10.20 points at 806.20, then copper by 6.20 points at 394.60, lead by 1.45 points at 118.30, aluminium by 0.55 points at 103.20 and zinc by 0.75 points at 106.60. 

The price of crude oil and natural gas also decreases today in early trading while the mentha oil trading in a positive side with a rise of 6.50 points at 1038.10. 

Sell silver tgt 40435 | 40410 | 40395 sl 40559 

Sell gold tgt 26557 | 26537 | 26527 sl 26662 

Sell cotton tgt 19355 | 19340 | 19325 sl 19450 

Sell crude oil tgt 5669 | 5664 | 5659 sl 5694

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Tuesday evening market report, metals are looking bearish today 30/4/13

The total export of gems and jewellery in country has declined by 15.41% in 2011-12 to 14.28% in 2012-13. In 2012-13 total export has been reported as 28482.29 and total imports is 72421.46 

Ncdex barley for may delivery trading down by 0.26% at Rs. 1338 per 100 kg at 12:09 pm. Last year barley production was 1.66 mn tons. Wheat also going down, it was trading down by 0.14% at Rs. 1473 per 100 kg. 

As compared to the morning time in evening session mcx products are working in a bearish mode. All the metals and energy product are looking negative. Cotton changes its position simultaneously. 

The precious metals gold and silver drop by 196 and 241 points for future delivery. Crude oil takes a high jump in a negative direction and slipped by near around 45 (0.88%) points at 5079.00 

All the base metals are going in a depth. A quite marginal difference has been seen in the market, Nickel drastically changes around 13.80 points down. It takes a high of 835.80 and low of 825.40. 

Sell nickel target 826.1 | 825.6 | 824.1 stop loss 830.8 

Sell silver target 45143 | 45118 | 45103 stop loss 45241 

Sell gold target 26954 | 26929 | 26914 27stop loss

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