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Showing posts with label commodity tips. Show all posts
Showing posts with label commodity tips. Show all posts

Friday, 24 January 2014

No role to move back gold import checks|MCX precious metal tips

India is not idea any changes to its record import duty on gold and differentcurbs on imports until the currentrecorddeficit is sturdy under control.
Mcx commodity market open positive side in the morning session but its ready to going in red zone,gold silver showing green trend volatile movement happening in both precious metal.All base metal trading in good rally positive side Natural gas gains +2.22% to 303.60 its close 297 Good high plus movement seeing.While remaining all base metals trading with low positive points.
Sell gold at 29370 targets 29320/29280/29230 stoploss 29500
mcx silver buy above 44810 targets 45210/45410/45610 stop loss 44500


Friday, 27 December 2013

MCX gold silver sluggish | Natural gas prices drop after a good rally

After yesterday gain gold silver fail to continue its positive rally and showing a down trend since opening. Gold trading negative declined by 0.57% to 28414 at Mcx. On evening trading yellow metal expected to trade volatile in favor of bearish trend.



After a long positive rally Natural gas prices declined little on Friday last trading session of the week. On Friday morning natural gas prices drop by 1.11% to 276.40. small correction is expected on evening session Around 279



buy gold feb above 28500 tgt 28560/ 28630/ 28700 sl 28400



buy silver mar above 44800 tgt 44900/ 45050/ 45300 sl 44700



buy nickel dec above 881 tgt 884/ 887 / 890 sl 877








Saturday, 9 November 2013

MCX commodity report this week| gold trend ,support and Resistance and commodity updates for upcoming week

Commodity report this week

MCX bullion

this week gold and silver prices fall down sharply form a high level despite of a big festival Diwali and closes to 29705 per 10 gram at MCX . Many analyst believe that market expected to be volatile in upcoming week due to correction in Dollar prices after US job data up in October month. In global market gold prices fall around 2% to their lowest to $1282.69 an ounce since October 17. while silver price in international market down by 1.3% to $21.35 an ounce . In Indian market silver prices closes to 48144 after made a low of 48004 in Mcx for December delivery.

Gold support and resistance

S1: 29150 , S2: 29050
R1: 30300, R2: 30780

Energies

After a low week trend crude oil prices for delivery in November closes in positive zone to 5993 up by +53 point at MCX. In coming week crude oil look above 6000 due to strong demand raise in US market. While natural gas show a high increment on Friday that's close to 227.10 hope more in upside above 230 and hover between 225 to 237 in this week.
Mentha oil in this week look bearish overall will low correction is seen in November delivery. On Friday trading session mentha oil trade in upper side on morning but low volume break down to make a low of 870.10. in upcoming week we can see mentha oil above 870 within the range of 890.

crude oil support and resistance

S1: 5900, S2: 5800

R1: 6120, R2: 6250


Thursday, 11 July 2013

11 July Evening intraday trading gold silver tips|| crude oil and natural gas bearish and MCX commodity call for today

Today after morning high trend MCX market trade with a consolidate position. On intraday trading a good buying had seen on morning trade, currently MCX commodity is on consolidate level. MCX most traded gold and silver help a trader to earn a good profit on intraday trade. Today MCX gold for future trade open at 26185 and touch an intraday high of 26858. Similarly white metal for future delivery touches an intraday high of 41948 after open at 40300. But if we talk about overall trend some decrement is experienced on intraday trade for future delivery.
  Today energies are volatile on MCX trade; crude oil and mentha oil are bearish on intraday trading with a mixed trend. Mentha oil for July delivery opens at 935 and on intraday trade it touches a high of 951.50 and low of 931.10.  On evening trade mentha oil is expected to bearish with low positive correction from current position above 943. However, crude oil is also bearish on day trading at commodity market and on evening trade looking to trade in negative side.  Natural gas prices this week are more fluctuate for future trading continuously an Up and down are seen on intraday trade.  For today evening trade MCX natural gas prices are expected to trade with negative flag mostly but a small correction also might be expected.
MCX base metal also gains a good level in today trade after opening in green side. Today MCX copper open at 412.55 and touched an intraday high of 423.70 and on evening trade move with a same trend with a small drop in its position.  Investors are advice to take a long position for future trade good movements were watching in coming days.

SELL SILVER SEPTEMBER BELOW 41400 TGT 41300, 41100, 39900     STOPLOSS 41950

SELL CRUDE OIL JULY BELOW 6380 TGT 6360, 6340, 6310   STOPLOSS 6450



SELL COPPER AUGUST  BELOW 420 TGT 418, 415, 413 STOPLOSS 428

SELL GOLD AUGUST 26650 TGT 26550, 26475, 26400   STOPLOSS 26900 

Saturday, 6 July 2013

MCX india : Commodity market report || weekly commodity updates and gold silver trend || 9 July mcx intraday target

Bullion
This week MCX market shows a various phase, MCX bullion are volatile in this week which traded mostly in green side with a low movement. At MCX for future delivery gold price traded flat with a mild correction above 25550. At MCX In upcoming week gold prices for future delivery looks to fall on intraday trade below 26000. Meanwhile silver looks volatile below the range of 40000 for future trade. For intraday trader commodity market is very risky in upcoming week and advice to take a long position.
Gold support and resistance for Monday
S1: 25720, S2: 25650
R1: 26500, R2: 26659
Energies
In this energies are on top gear, a good correction are seen on Friday on crude oil for future delivery which kisses the  mark of 6300 and expected to move more in upside.  Time is very good to invest in crude oil for long term on commodity market which looks a sharp increment. Meanwhile natural gas and Mentha oil are trading with a mixed trend, natural gas are looking to trade in the range of 216 to 228. Movement is mentha oil are expected to rise on intraday trade, currently mentha oil is on weak side that trade near 950, but a sweet fragrance come to move upside but traded below 1050 in coming days.
Base metal
Base metal especially copper and nickel are trading below the level in this MCX and nickel in traded on negative side. On Domestic market MCX copper for future delivery expected to looks over in coming day due to demand rising in alloy industry. Nickel, zinc, lead and aluminum are also look positive on closing day of week.
Zinc support and resistance
S1: 118.50, S2: 118
R1: 115.50,R2: 116.20
Nickel
S1: 808, S2: 805
R1: 826, R2: 835
Lead
S1: 123.30, S2: 122.75
R1: 127.65, R2: 128

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Tuesday, 16 April 2013

MCX evening commodity updates, support and resistance for gold and free trading calls for today


Commodity market looks bits relax now, after the yesterday sharp falling in most trading commodities.  No such high movement had seen in gold and silver. On MCX gold for June delivery are volatile on market and trading with a good volume.  On Tuesday morning gold for June delivery open at 25460 against its previous close at 25634. On spot market some positive movement had seen on early morning   and for today trading gold prices are very volatile.  For intraday market support for gold are 25100 and for whereas resistance for gold is 26400 and follow for June delivery. Whereas silver for May delivery are pretty dull are showing sloppy movement. Today it’s open at 43876 but the movement had low compare to yesterday trading session. On intraday market it touches a high of 44431 and low of 42753.  Some positive correction might be expected in white metal near 6 pm on domestic market. 

Buy gold above 25800 tgt 25850, 25900, 26000……sl 25600
Buy silver above 44500 tgt 44600, 44800, 45000………….sl 44000

MCX crude negative movement is continue to second day of week.  MCX crude for April delivery opens at 4808 and continues to fall from that position and touches and low of 4750. For today trading MCX crude is looking bearish some but correction is expected in evening session.

Buy crude oil above 4810 tgt 4820, 4830, 4840………..sl 4780

Base metal show negative movements in early trade but on evening some correction are expectation in all metals. Copper and nickel are experience bearish trend at Multi commodity exchange.

Buy nickel above 853 tgt 860, 865, 870………….sl 836

Buy lead above 111 tgt 111.50, 112, 113…………..sl 109

Buy zinc above 101.50 tgt 102, 102.50, 103.50         ……SL 99.50





Friday, 8 March 2013

07-03-13 ncdex updates, today gold|silver movement and commodity tips for today


Today precious metal open in positive side, gold open at 29644  , +51 point high to its  previous close. For 5 April contract gold on MCX gold is looking bit positive on early morning and expected to trade positive around 29550 to 29775. While silver is on green side and on intraday it open by crosses the mark of 55000. Mcx silver for 4 may delivery open at 55105 and touch an intraday high of 55225 with a low of 55105 from its previous close at 54968.

Buy gold above 29650 tgt 29680, 29720, 29750………….sl 29550

Buy silver above 55130 tgt 55200, 55300, 55430…………sl 54830

Mcx cotton on intraday for 29 march delivery open at same position to its last close at 1841 and movement is cotton is looking very volatile for today trading.  For intraday delivery cotton is bound in the range of 18310 to 18570.

Buy cotton above 18450 tgt 18470, 18500, 18550………sl 18350

NCDEX calls

Buy castor seed above 3855 tgt 3865, 3875, 3890………..sl 3820

Buy peeper above 34520 tgt 34540, 34550,34570………….sl 34470


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MCX calls

Sell mentha oil below 1253 tgt 1251, 1249, 1245……….sl 1261

buy nickel above 912 tgt 914, 916, 920…………….sl 904





                                                                                                                             

Friday, 15 February 2013

14-02-13 free MCX commodity tips and special valentine offer


Today commodity market is opening comparatively positive with low movement. Today gold and silver open positive on MCX but movement is looking dull. On MCX gold is expected to go high for intraday trading.  For today‘s trading resistance for gold is 30680 with a strong support of 30420.

Buy gold above 30560 tgt 30590, 30625, 30660………..sl 30460

Today silver is in down trend position it open at 57469 and immediately touch an intraday low of 57404. For silver support level is 57150 with a resistance level of 57680.

Sell silver below 57420 tgt 57380, 57320…57220………….57620

Crude showing down trend on MCX today it open slightly down for February contract at 5246.global crude position is not very good on US market. Resistance for crude is 5285 with a strong support level of 5180.

Sell crude oil below 5240 tgt 5230, 5210….sl 5270

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Intraday MCX calls

Buy cotton above 17000 tgt 17010, 17020, 17040………sl 16960

Buy mentha oil above 1393 tgt 1395,1397, 1400…..sl 1386

Buy  Copper above 446 tgt , 446.50, 447, 447.50……..sl 444.50









Friday, 8 February 2013

07-02-13 commodities movement on MCX|NCDEX


After morning little red shade Indian commodity market, MCX exchange following with positive green side.  After a long a ray of hope in bullion and crude oil is expected to move some good hike in MCX.  Gold and silver moving towards positive side, on MCX base metal also gaining a bit of positive side. Especially nickel and copper are very volatile due to the change happen in global metal exchanges. Today copper is on the other side and gaining some movement on intraday trading. This year metals are looking towards the green and some good position will see in middle of the year. 
Cotton and Mentha oil are continue upgrading its position, on MCX cotton price are regularly change with a good demand on Domestic market , today cotton touch an  intraday high of 16730.

Today commodity calls

Buy copper above 441.50 tgt 442, 443,,,,,,,,,sl   439

Buy nickel above 975 tgt 978, 981, 985…….sl 965

Sell natural gas below 183.50 tgt 183.30, 183, 182…………sl 185

Sell cotton below 16680 tgt 16660, 16630, 16600.......sl 16740

Buy silver above 58450 tgt 58480, 58520, 58550++……sl 58270

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Thursday, 7 February 2013

06-02-13 MCX-NCDEX tips


 MCX report

ALL Base metals on commodity market is trading towards red flag. This week no positive report is expected from base metal, expected nickel and copper.  On LME base metal falling down in red direction after the European data report.  On Domestic market bullion for intraday trading, showing low trend with some positive move on evening is expected.

Buy gold above 30630 tgt 30660, 30700++………..sl 30560

Buy silver above 58250 tgt 58300, 58400++………..sl 58100

Buy mentha oil above 1320 tgt 1325, 1330, 1335……….sl 1295

Buy cotton above 16640 tgt 16650, 16670, 16700…………sl 16550

Sell lead below 129.75 tgt 129.50, 129.20, 129……..sl 130.50


NCDEX Report

On NCDEX turmeric for 19 April delivery looking positive for intraday trading some huge hike will be expected from it. Jeera and pepper both are showing low trend on NCDEX and oscillator showing a sell position.

Buy turmeric above 6375 tgt 6385, 6400,6420…………sl 6350

SELL JEERA MAR BELOW 13480 TARGETS 13470 , 13450,13430………sl 13525


Sell pepper below 39070 tgt 39050, 39030,39000………..sl 39135


Wednesday, 6 February 2013

05-02-13 MCX commodity market news and intraday tips


Today on MCX base metal are looking on dull side, similar trend are following by precious metal( gold and silver). In Gold volume is very low and that’s the reason behind gold negative sign, while on other side dollar price working slightly down against Indian currency.
On base metal copper looking positive for today trading session, it is expected to trade in a range of   440-448.

Buy copper above 445 tgt 446,447,448……..sl 440

Sell gold below 30750 tgt 30720, 307690, 30650…………………sl 30880

Today silver is looking bearish and showing a downward trend. Today it opens at 58432 and its previous close is 58418.

Sell silver below 58350 tgt 58300, 58250, 58200…..sl 58550

On MCX this year cotton is looking in a very good position. This year cotton continues its positive trend day by day.

Buy cotton above 16720 tgt 16730, 16750, 16770…..sl 16650

Yesterday mentha oil is closed at 1306, mentha oil on MCX continues upgrading its position and good volume is seen in Mentha oil. For intraday its movement is very volatile but in strong position.

Buy mentha oil above 1315 tgt 1318, 1321, 1325……sl 1303

sell crude oil below 5125 tgt 5120, 5110, 5100...........sl 5150




Friday, 1 February 2013

31-01-13 mcx intraday gold,silver tips


                                                                           Intraday commodity tips




Sell gold (5 feb) below  30170 tgt 30140, 30100,30050 ---……………………sl 30300

Sell silver (5 mar) below  58900 tgt 58850, 58800,58700……….sl 59500

Buy crude oil (19 feb) above 5215 tgt 5225, 5240,5250…………sl 5170

Sell cotton (28 feb) below 16820 tgt 16800, 16790,16770…………….sl 16340

Sell nickel ( 28 feb ) below 976.90 tgt 976, 975,973………sl 984

Buy Mentha oil (28 feb) above  1300 tgt 1305, 1310, 1320…..sl 1270

Sell copper (28 feb) below 441.10 tgt 441, 440.80,440.50……….sl 443




Thursday, 31 January 2013

base metal tips and commodity market updates


After morning positive walk gold fallen down in other direction. Due to depreciation in US dollar gold changes it direction. While white metal is working on constant point but on positive side and some high movement may be seen near 3:00 pm.
 On the MCX crude oil for February contract drop own some point from morning opening level.  Currently crude oil is observing in negative side and movement showing more fallen current position its current position is 5220.

On Base  metal aluminum ,lead , zinc all are working on green side, today nickel have a good support level  of  and expected  high  movement today.

Intraday tips :-

Buy nickel (31 Jan) above 962 tgt 963, 965, 970…..sl 955


Sell gold (5 feb) below 30200 tgt 30170, 30130,30100………….sl 30360

Buy aluminum (31 Jan) above 109.50 tgt 109.70, 110, 110.60   ………..sl 107

Buy cotton (31 Jan) above 16650 tgt 16670, 16690, 16710………sl 16540

Buy zinc (31 Jan) above 112.35  tgt 112.50, 112. 70 ,113…………sl 110




30/01/13 commodity tips


Bullion intraday tips
Today bullion open positively in upward direction, gold and silver both are looking in a strong position. For today trading silver have strong support level and expected to trade in range of 58000- 58800. While gold is on green but movement is not expected high for intraday trading.

Buy silver (5 mar) above 58170 tgt 58250, 58330,58400…………sl 57862

Buy gold (5 Feb) above 30260 tgt 30300, 30350, 30400……..sl 30100

Crude oil tips
In US and China crude oil prices are set to $96.84to improved economic situation. In global market crude showing very volatility and due to this economic situation affected. In domestic commodity market crude oil are in good position and expected to trade low, but till end of first quarter crude prices expected much higher than then now.

Sell crude oil (19 Feb) below 5230 tgt 5220, 5210, 5200…….sl 5280

Intraday commodity tips

Sell cotton (31 Jan) below 16570 tgt 16550, 16530, 16500………sl 16625

Buy copper (28 Feb) above 438.80 tgt 439, 439.30, 439.70, 440………sl 436.40

Buy natural gas (25 FEB) above 177  tgt 178 ,180………sl 174

Buy mentha oil (31 JAN) above 1260 tgt 1265, 1270,1280………sl 1245





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Friday, 25 January 2013

24-01-13 mcx gold-silver-crude-cotton-tips


Gold is on the Red shade from its last close, today it open at 30673 some point down from last trading session. Some unexpected change we will see today on the MCX. Positive movement may be expected after 11:00 am on gold. While in Forex market dollar price is looking strong against Indian currency. That will give some positive movement to gold. Today silver is losing its yesterday position from the opening of market.  On the MCX it open at 59780 and touch anintraday high of 59780 its opening position from that position it’s continue falling from its position and touch a intraday low of 59465.

SELL GOLD FEB BELOW 30670 TARGETS 30647 , 30622 , 30594 STOPLOSS 30713

Sell silver (5 mar) below 59570 tgt 59520, 59470,59400………

Today cotton looking slightly positive on MCX  for Jan contract and expected to trade in down side.

 Sell cotton below 16330 tgt 16320, 16300, 16280……sl 16410.

Movement in crude continues falling and expected to down more On MCX. Global crude demand is varying on the market that why Asian market and domestic market feeling some falling in the crude price.

Sell crude below 5150 tgt 5140, 5120, 5100…….sl 5200

Mentha oil  today for Jan contract is running with RED flag and expected more red shade as day passes, some positive movement is predict on after 2:00 pm.

Sell mentha oil below 1293 tgt 1291, 1288,1280………..sl 1345

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Wednesday, 23 January 2013

22/01/13 commodity movement on MCX


BASE METAL
Today market opens with equally red and green, base metal showing green positive trend on MCX. Nickel and copper on MCX showing good trend, copper for Feb contracts open slightly higher than its yesterday close. Copper on domestic market is expected to trade positive it touches an intraday high of 438.20 and low of 436.90. While nickel for Jan contract opens at 933.80 its previous close is 932.70. Nickel is expected to trade in the range of 945 to 924, on MCX. Lead, aluminum and zinc showing positive moment and expected to trade on equally red and green today.

Gold and silver
Today bullion open on red side, Indian government raise import duty tax on gold and platinum by 6% and 4% to reduce consumption of that commodity. This step is taken to reduce importation of gold and platinum. This causes and reduces demand in yellow metal. On MCX gold will going to high by 315 Rs on per 10 gram. Today on MCX gold is open at 30720 and touch an intraday high of 30766 and low of 30715. On MCX this week yellow metal is going to trade low, while white metal showing some hikes on intraday trading. Today silver open at slightly lower and it’s moving downside from its opening position.

Cotton and crude
Firstly crude oil for Feb contract open few point (5) low from its yesterday close at 5157. Today crude oil is showing volatility on his movement on MCX. Currently crude is traded at green side with 3 point high from its yesterday close at 10:48 am. Demand in crude is looking low today on MCX.  While cotton is working on the other side and showing red shade, it opens at 16270 and touches an intraday low of 16250.  

Mentha oil
On MCX mentha oil is performing well green today, mentha oil is open at 1310 with a positive high node and expected to trade on green side. It touches an intrday high of 1311 and low of 1304.30 form its last close.

Today calls:-

Sell cotton (31 Jan) below 16280 tgt 16260, 16230………..sl 16370

Buy mentha oil (31 Jan) above 1308  tgt 1310,  1315+++………sl 1285

Sell silver (5 mar) below 59360 tgt 59300, 59200………..sl 59550

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Monday, 21 January 2013

Monday commodity news


Bullion (gold and silver)
On the domestic market as Gold is expected to open in positive it open at 30599 forms its last close at 30581. On MCX Feb contract gold is expected to trade in the range of 30700-30300.Today US market is closed that will affect Asian market. Silver for March contract is looking positive today on MCX. On domestic market silver is expected to go near 60000 in today trading.

Copper  
Today’s copper open slightly lower to its previous close, it open at 438.50. Today euro group meeting may be affect base metal and EURO. On the Domestic market copper price is looking volatile and seems mostly on red side. Currently copper is traded at 438.55 at 10:34am. Copper have a good support level of 432 and a resistance of 442.

Crude oil
This week crude oil movement is looking volatile for Feb contract. Today morning crude is open at 5164; some positive turn is expected on Domestic market. Crude trend range bound between 5100 – 5200.

Cotton
Jan cotton on the MCX traded positive at 16400 up by 20 point from its last close. This week cotton price is moving slightly high as compare to its past weeks.

Today tips

Buy silver (5 march) above 59550 tgt 59600, 59700………..sl 59300

Buy gold (5FEB) above  30640 tgt 30700 ,30750…….sl 30465

Buy crude above 5170 tgt 5180, 5200……sl 5130

Sell cotton (31 Jan) below 16380 tgt 16370, 16350…………sl 16470

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Saturday, 19 January 2013

Weekly commodity report and today tips


Bullion
Today commodity market open on red side, top commodity moving with a red flag on MCX . Gold open at 30570 movement is looking little slow and opposite. In this week from the starting gold position is much unexpected and it perform on towards negative direction. Similarly trend following by silver today in the morning it open at 59351, its previous close is 59436. Silver continue loss its position from the last 3 day. A new fresh start is expected from the Monday on the bullion.
Crude oil
Crude oil price once in the week touch a line of 5200 and following same trend in early of week, but then continue falling from that position. Currently crude is traded at 5151 at 10:32am and expected to trade low today. But if we talking for upcoming week crude is expected to cross 5200 and work on the positive side.
Base metal
Today in base metal some positive movement is expected. If we talking about copper for Feb contract some positive jump is expected from it.  While nickel and aluminum is trading in the green side and little positive can be happen in the end of day. For upcoming week base metal is very good to work ad expected positive movement in this week.
Cotton
Today cotton opens on positive side by 3 point high to its last close at 16380. In the early morning it touches an intraday high of 16420 and a low of 16370. This week is good for cotton it crosses 16400 and traded on the positive side. For the upcoming week cotton is a best commodity to work.
Mentha oil
For mentha oil this week is not good almost most of time mentha oil is watching on red side. Mentha oil for January contract today open with red sign at 1338.10 few point down to its yesterday close at 1345.70. for intraday trader mentha oil is on position to sell, in the upcoming week mentha oil position is going to strong  so it’s good to hold position for future.

Today calls:-

Sell gold(5 feb) below 30570  tgt 30550, 30520…………sl 30610

Sell  silver (5 mar) below  59370 tgt  59350,59320………sl 59460

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Friday, 18 January 2013

18-01-13 Commodity movement


Bullion
On the MCX bullion continue it’s down trend and showing red again on the Domestic market. Yellow metal showing red flag and today’s open at 30670 yesterday yellow metal is closed at 30758. Gold is expected to trade more low on then MCX list. Gold for Feb contracts is on the lower side and expected to trade with a high support level of 30452 and a resistance of 30950. While the silver is for march contracts looking bearish today and goes more than -330 point of the MCX list. Today silver open at 59405 and from that position continue falling, movement in the silver on the domestic market for today is not too much high in the positive side. For today trading silver have a support level of 58689 and a resistance of 60500.

Crude and copper
Crude for Jan contract open at red side today on the MCX, on yesterday trading it is closed at 5181. The entire commodity on the MCX is now looking in the position to sell. Crude continue its falling on the Domestic as well as on the International market. On today trading crude is expected to trade in the range of 5070-5200.
Copper for Feb contract is trading on negative side but some positive movement expected from copper and base metal from the afternoon. Copper open at 439.10, and touch a intraday low of 438 on Domestic market.
Cotton and Mentha oil
Cotton for the Jan contract expected to trade low on domestic market, currently cotton position is showing downward direction from its opening position. Today cotton open 20 point high from yesterday close at 16360. Mentha oil is MCX looking to recover to its position but low demand on Domestic market give a strong competition to mentha oil. On the MCX it open at 1351.90 and touch a intraday high of 1352.some positive movement is expected from mentha oil on the next session.

Today calls:-

Buy cotton above 16350 tgt 16370, 16400………….sl 16290

Buy gold above 30690 tgt 30740, 30800++……………sl 30485

Buy silver above 59400 tgt 59500, 59600……………sl 59123

Buy crude oil above 5170 tgt 5180, 5200……..sl 5120






















Thursday, 17 January 2013

17/01/13 commodity tips


Bullion tips
Today commodity market open with the red sign, in the early morning bullion lost its position. If we talking about yellow metal its open 42 point down in the morning and from that’s point it’s lost control and go to downwards direction. Gold is expected to trade more low in the afternoon. Currently gold is down by more than -150 on the MCX. Similarly white metal follows the trend of yellow metal and goes   -483 point from its previous close at 2:18pm. Today in the morning silver open at 59706 and its touch a intraday low of 59220 and a intraday high of 59706. On the domestic market bullion is expected to trade low today. On the Forex market dollar lost its position by -0.45 point against Indian currency.

Base metal tips
In the Domestic market base metal lost its position from morning. On the MCX nickel open at 952.80 and its look week on the Domestic market. In the Global market nickel position is not constable, lots of up and down had watched in the previous week. Nickel for Jan contract continue with red flag and expected to drop more 4-5 point on the MCX. On the MCX copper position is move around 435 to 437, some negative movement is expected on the Domestic market for Feb contract.

Crude oil
Crude oil for Jan contract opens at 5143 in the domestic market and continuing fallen from that position. And on the global market crude is expecting trading low; Crude oil demand is expected to go slower in near the 2030.  Crude expected to drop more in the next trading sessions.

Today calls

Sell silver below 59225 tgt 59175, 59125, 59100………..sl 59650
Sell gold  below 30710 tgt 30680 , 30620……..sl 31000
Buy mentha oil above 1354 tgt 1360, 1371………….sl 1336
Sell cotton below 16350 tgt 16340, 16320,16300………..sl 16450
Sell crude oil  below 5114 tgt 5100, 5080……..5165

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