Sugar is looking bearish, mcx ncdex intraday trading buy sell call for today 11 July 2013

Today, the commodity market is showing both the trends up and down. The precious metals gold and silver are looking bullish for the future contract. After a long time silver touches 1000 points and gold goes above 450 points. 

The energy products are going down while among the base metals only copper and nickel looks positive. The cotton is also going down. With respect to mcx market the ncdex market is highly diminished. 

In the international market the sugar price drop by 10.55 points or 2.13 percent to Rs. 484.55 and the coffee price reduced around 0.40 points or 0.33 percent at 121.50. The Brent oil price goes up and up. 

Gainers : Gold, Silver, Guar Gum, Copper, Mustard Seed, Nickel

Losers : Cotton, Zinc, Barley, Natural Gas, Chlli, Suger, Crude Oil, Gur, Cardamom. 

Barley Sell Target 1252.5/1245.5/1238.5 Stop Loss 1284.5 

Gold Buy Target 26640/26665/26680 Stop Loss 26525 

Turmeric Sell Target 5658/5648/5638 Stop Loss 5718 Silver 

Buy Target 41307/41337/41357 Stop Loss 41167 

Zinc Sell Target 111.9/111.4/110.9 Stop Loss 115.4

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Intraday future commodity tips, mcx live price, ncdex call for today 9 May‘13

The white precious metal silver crosses 440 points at 3:21 pm for the delivery of July. Gold is also looking in a green sign since morning trade. 

In the morning session metha oil was trading in a positive side but as the time passes away in the noon time it slip around 5 points at 878.70 and crude oil maintained its position and working with the rate of 12 points in a positive side. 

In India Wednesday the spot price of Platinum was Rs. 3038 per gram as compared to gold Rs. 2710. Platimun price have gone up by 2% to 3% in last two weeks. In the starting months of this year January and Feburary, platinum price were less than gold. 

Lead, zinc, natural gas and copper drop today near around 0.50 to 5 points against their previous close for the future delivery. They are changing their positions simultaneously. 

Chana and turmeric looks negative. Turmeric support seen at 5750 and resistance at 6470, for coriander support and resistance are 6350 and 6870. Chna was trading down by 0.09% at Rs. 3424 per kg in early trade. 

Crude oil buy Trgt 5228, 5233, 5237 Stp ls 5207 

Turmeric sell Trgt 5933, 5918 Stp ls 5998 

Chana buy Trgt 3372, 3382, 3392 Stp ls 3327

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Monday evening crude oil, gold silver price and commodity market news

The overall trend for future turmeric is looking positive range bound between 6200-6750. Its production is expected around 12 lakh bags. The Soyabean is also looking positive support at 3850and resistance at 4090 level. 

In year 2012-13 the production of pulses is rise around 17.58 million tons in India. Pulses area risen to 148.13 lakh in 2012-13 as compared to 2011-12. Today a fall of 0.2 percent noted in chana at 12:04 pm. Traders are advised to sell it between 3530-3550.

At national commodity and derivative exchange Sugar gain 0.41% to Rs. 2933, trading in a positive side. According to Indian sugar Mills Association 24.6 mn tonne of sugar produced in country in 2012-13. Buy it around 2930 with stop loss of 2880 and target 3000. 

In early morning session gold was looking bullish but as the time passes it slow down and drop by 17 points at 27172.00 while the silver maintain its position and still looking positive for future contract. 

The base metal copper and nickel surge 2.220 and 2.70 points against their previous close. Lead, Zinc and Aluminum are going down as it was seen in the early trade. 

Buy 
Silver above 45215 trgt 45250 | 45275 | 45290 stp ls 45135 
Copper above 100.30 trgt 101.8 | 103.3 | 103.8 stp ls 96.3 

Sell 
Lead below 109.40 trgt 108.9 | 108.4 | 107.9 stp ls 112.4 
Zinc below 967.00 trgt 966.5 | 966 | 965.5 stp ls 970 

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Today's 22/4/13 evening session news || mcx Copper update || ncdex Wheat level

As the earth quake was occurred in China on Saturday evening the demand for copper is temporarily going down. In global market it was trading at $3.086 per pound down by 1.97 percent. 

At National Commodity and Derivative Exchange both the Chana and Turmeric is negative. Support for Turmeric seen at 6250 and resistance at 6880 and for Chana is 3500 and 3670. 

Wheat is looking positive for future contract today. For year 2012/13 supply of Wheat globally raised 2.9 million tons. Buy wheat around 1460 with target 1510 and stop loss 1430. In global cues the silver price rose by 0.48% to Rs. 43630 per kg. 

At Multi Commodity Exchange it traded higher by 207 point total turnover of 1072 lots. Today Oil price rose in Asian trade. Last week as the Brent price drop the economic growth of China decreased to 7.7 percent. 

SELL CHANA TARGET 3550/ 3530 STOP LOSS 3650 

BUY BARLEY TARGET 1365/ 1375 STOP LOSS 1325 

SELL ALUMINUM TARGET 100.1/99.6 STOP LOSS 102.6 

BUY CARDAMOM TARGET 786/800 STOP LOSS 762

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