03-04-13 commodity gold silver movement and NCDEX india live commodity tips for today

MCX

On MCX most commodity are trading on negative side since morning.  Open interest is falling again trend. Today MCX gold opens in down side with bearish trend, on MCX for April delivery it open at 29032. On intraday trading gold prices touch a high of 29072 with a low of 28919. On global market at Singapore gold fell 1 month low by 0.8% to USD 1,563.68 an ounce. In future trade gold price are looking to jump by a good margin on domestic market and give some relief to physical trader.  For today trading gold price are expected to trade in the range of 28870 to 29169.

 Silver continue falling on MCX today it open negative falling by more than -200 point on domestic market.  On domestic market dark shadow of overseas market had seen in the morning session when silver prices fall by more than -500 point.  In the international market silver break a low of 2 august in Singapore   by falling 0.9% at $ 27.02 an ounce.  

NCDEX live

On NCDEX pepper for April delivery found traded in negative side at 35630 at 3:10 pm. On NCDEX pepper price are expected to trade in the range of 35490 to 36642. Today a high movement are expecting from April pepper. On morning pepper open at 35745 on spot market it touch an intraday high of 35930 with a low of 35515.

NCDEX castor looking positive for today trading movement is not such high but a chance of turning into a big deal is not far.  Castor seed last watched at 3:41 pm o domestic ncdex market for April delivery.

Corianders on NCDEX market are looking to sideways for evening session.  Corianders for April delivery are expected to trade volatile in this week.

    

MCX commodity calls

Buy Natural gas above 217.50 tgt 218, 218.50, 219.50……….sl 215.50

Sell crude oil below 5280 tgt 5270, 5260, 5250……….sl 5310

Sell gold below 29030 tgt 29000, 28970, 28930……….sl 29130

Sell silver below 51050 tgt 51000, 50900, 50850…………sl 51250

NCDEX live calls

Sell coriander below 6970 tgt 6950, 6930, 6900…………sl 6730

Sell pepper below 35580 tgt 35550, 35500, 35480……sl 35680

Buy jeera  above 13110 tgt 13130, 13150, 13200……………sl 13020

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