04-02-13 Intraday MCX commodity market tips

GOLD and SILVER

Today in commodity market in red side, gold showing strong downwards trend on MCX. On MCX gold is expected to trade in the range of 30345- 29750. Currently on the opening day gold is looking very volatile for this week. While white metal on MCX opens at 58195 its last close is 58418, silver touch an intraday high of 58349 and low of 58195. Currently silver walking with bearish trend on MCX, silver have a good support level of 56650 with a resistance of 59160.

Buy gold above 30050 tgt 30100, 30200…30300………sl 29815

Sell silver below 58300 tgt 58240, 58165, 58100…58000…..sl 58968

BASE METAL

Base metal on MCX showing a red flag, today aluminum open at positive side and trend is looking positive for intraday trading.  Last week top gainer nickel today opens slightly down from its last close it open at 989.80. Copper on the global market trying to recover its position, copper in china showing some positive trend in previous week that help domestic market copper price. For today’s trading copper have strong support level 439 with a resistance level of 448.

Buy copper above 444 tgt 444.50, 445, 4445.50…………..sl 441

Buy nickel above 990 tgt 992, 995, 998……sl 979

Buy zinc above 115.60 tgt  116, 116.50, 117………sl 113

MENTHA and CRUDE OIL

Mentha and crude oil both are showing down trend and on MCX expected to trade with are flag.

Buy mentha oil above 1282 tgt 1285, 1290, 1295…………sl 1263

Today intraday calls

Buy cotton above 16680 tgt 16700, 16720, 16750……….sl 16630

Buy crude oil above 5183 tgt 5190 ,5200,5215………..sl 5157

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11-01-13 commodity market movement

Bullion

Today bullion starts with a negative side, both yellow and white metal is trading down side. Silver for March contract is open at 58620, today silver is expecting low in the first trading session.  Whereas gold for February contract is also showing a negative sign, it is the second continue day when bullion open on the red side. Gold is trading in the range of 31220-30750. Currently gold and silver in the hold position for short term trader it is better to buy gold above 31110 and silver 59000.

Crude oil

Crude oil in the domestic market ranked below today. Crude oil is open at 5125 its previous close is 5132. Today on the MCX crude oil is down by 14 point at 10:38am and expected to go higher in the left time. Crude is expected to trade low today, market is very volatile for crude.

Cotton

Cotton for 31 Jan is looking positive after it open at 16350; its previous close is also same. On the MCX cotton for Jan contract goes 30 point high at 10:43 am against its previous close. Cotton this year is expected to trade average and very volatile during the first quarter.

Mentha oil

On the MCX Mentha oil is open positively at 1392.30, and continuing moving towards positive phase and go 4.20 point at 10:48am. In Mentha oil trend is looking good for the first half. Today Mentha oil is expected bearish and traded in the range of 1350 and 1478.

Today calls

Sell cotton(31 jan) below 16360 tgt 16340, 16320………..sl 16450

Buy crude (21jan) above 5125  tgt 5135, 5150……sl 5075

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