MCX tips: Today gold silver tips || Live spot rate and gold silver update for 04/10/13|| rupees gain 27 paise on friday

Indian rupees become more strong on opening of friday currency trade by gain 27 paise to 61.47 per dollar. A continous depreciation in dollar prices due to closing of government in US refuses all demand in US currency result negaitve at Inter bank Foreign exchange.

After yesterday positive volatile trade market open in a negative zone , today Mcx gold for future delivery open at bearish side at 29930 against its last close of 30204. silver prices also trading with bearish note after open at 48201 by losing -452 point on Mcx trading.

On spot market silver prices are trading around 47828 per kg on last closing, while gold price are watched near 29455 per 10 gram on India.

SELL GOLD OCT BELOW 29930 TGT 29900/ 29850/ 29800 SL 30060

SELL SILVER DEC BELOW 48150 TGT 48050 / 47900/ 47700 SL 48550

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Evening gold silver tips || Dollar break a 8 month low below 62 || base metal going to fall on evening session

Dollar touch a 8 month low today , rupees strong against dollar on Thursday trade by gain 0.72 paise to 61.76 at inter bank foreign exchange. Indian bullion market are positive in today trade, on Thursday early morning gold made a high of 30120 while silver made a high of 48729.

on evening trade some negative trend is looking in bullion prices , gold prices expected to fall in downside below 30000 while silver may be seen downside below 48000.

a sharp fallen is observed in copper prices on evening session, today copper are volatile on morning trade while on evening a bearish trend below 457. on all base metal a heavy declined is especially in nickel, zinc and copper.

However in energies commodity crude oil shown consolidate position near 6440 since morning at MCX. If rupees close more bearish below 62 then crude oil might be seen in downside below 6400.

SELL GOLD OCT BELOW 29880 TGT 29850 / 29800/ 29700 SL 30025

SELL SILVER DEC BELOW 48200 TGT 48100/ 47950/ 47800 SL 48600

SELL COPPER NOV BELOW 457 TGT 456/ 454.50/ 453 SL 460

MCX Tips: Live Market Prediction and commodity updates || gold silver trend for evening and live MCX prices

Today a bearish had been watched on morning and afternoon trade, but some correction is expected in evening, so wait for right level to book a profit.  Bullion makes a sure shot recovery meanwhile some correction might be seen in seen in Crude oil above 6200. Base metal seems too volatile on evening trading after 7 pm.  Nickel price at MCX for future delivery fall sharply on day trading and touch a low of 822. On domestic commodity market due to low physical demand in alloy industry nickel prices continue fall at MCX.

MCX tips 

BUY MENTHA OIL JULY ABOVE 896 TGT 899, 905, 915 STOPLOSS 880

BUY GOLD AUGUST ABOVE 27370 TGT 27420, 27500, 27550  STOPLOSS  27150

BUY SILVER SEPTEMBER ABOVE 41150 TGT 41250, 41450, 41700 STOPLOSS 40700

BUY CRUDE OIL AUGUST ABOVE 6210 TGT 6220, 6230, 6250   STOPLOSS 6160  

Today Gold support and Resistance || intraday MCX tips, Crude oil trend for today and Lead level for 25 July

Oil prices fall on Asian trade , china slow economic down and strong US Dollar pressure result dropdown on Thursday Singapore trade. On early morning New York main contract WTI (West Texas intermediate) for September delivery fall by 57 cent at $104.82 a barrel.  On domestic commodity market crude oil open in negative side with a small loss against its previous close of 6267. On Thursday morning Crude oil for future delivery open at 6261 at MCX.

MCX Bullion is bearish after open in positive side. Today at MCX gold prices open at 27255 bit high from its last close at 27240. On morning trade gold and silver are expected to trade in down side. Today MCX silver open at 41452 on intraday trade for future delivery its previous close is Rs 41346.

Gold support and resistance

S1: 26950, S2:26850

R1: 27450, R2: 27565

MCX copper and nickel continue its worst session on Thursday morning too, today copper prices open at 419 down by 0.65 point for future delivery. Similarly nickel open in deep side at 843 its last close is 846.10.

Lead support and Resistance

S1: 120, S2: 119.50

R1: 122.50, R2: 123

Intraday MCX tips

SELL GOLD AUGUST BELOW 27180 TGT 27130, 27080, 27000 STOPLOSS 27350

SELL SILVER SEPTEMBER BELOW 41250 TGT 41170, 41100, 41000   STOPLOSS 41450

SELL MENTHA OIL JULY BELOW 893 TGT 891, 888, 885 STOPLSS 899

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16 July Evening Commodity tips for today || Live trading metal tips and MCX commodity updates and MCX chart

Today MCX trading with a low volatile movement not such big change are seen in commodity. All top trading commodities for future delivery are shows both color with a dull trend at MCX. Today MCX silver prices for future delivery open at 40826 and touch an intraday high of 41093. On Tuesday morning opening hour some movement are seen with a positive node but soon silver prices slip and touch a low of 40674. On intraday trade movement in gold are very weak gold prices are trading with a low movement. Currently gold is in good position on long term investment.  

Gold support and resistance

S1: 26315, S2: 26250

R1: 26625, R2: 26720

MCX crude oil are trading with a positive upper node, on intraday trade crude oil for future delivery trading flat within the range of  6260 to 6320 on morning and noon session but on evening trade some breaking level must be seen in volatile direction above 6300.

On energies today natural gas rocks the floor,  after a long time such movement had seen on natural gas sue to demand raise in physical buying in overseas market. On intraday trade for future delivery it touches a high of 218.70 and expected more increment in today trade at MCX.

On base metal at MCX a mixed trend are seen since morning , MCX nickel are near to touch a month low due to low  buying on physical market because of seasonal off in domestic market.  Currently nickel are trading below 800 and expected to trade around 790- 825 in today remaining session. However copper show some positive movement on morning trade for future delivery and touched a high of 417 , on evening trade a mild correction are going to seen in copper, lead and nickel.

MCX  calls

BUY LEAD JULY ABOVE 120.90 TARGETS 121.40/121.90/122.50 SL 120.15

Buy COPPER AUGUST ABOVE 415 tgt 417,419, 420   STOPLOSS   410

SELL MENTHA OIL JULY BELOW 917 TGT 915, 912, 909    STOPLOSS 925

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MCX tips: Today MCX energies commodity is on fire || evening intraday commodity tips for 10 July and live MCX gold silver rate chart

Today MCX crude oil is on good position after opening above 6200 at 6210; today on day trading it touches a high of 6307 and expected a more increment on crude oil for future delivery at MCX.  If we talk over all energies is on fire natural gas for future trade a touch a one month high of 228.90 today at MCX.  Whereas mentha oil for future trade touch an intraday high of 952.60 at MCX and on evening trade expected to support a bull with a green flag.

After morning low start commodity market is all set to fire on domestic market. MCX bullion is on good positive level, on Wednesday morning MCX gold for August delivery touch a low of 25976 with an intraday high of 26251. Similar on morning MCX silver prices were open at low side by decrement of -102 but good recovery had seen on day trade by silver for future active delivery and touch an intraday high of 40390. But if we talk about whole day bullion support a volatile trend today and on evening session expected to be volatile in positive side with small depreciation at Multi commodity exchange.

Base metal also recovering on MCX after two day low side, metal not supported a high side but a positive trend is expected on evening trade with a gain in opening position.  MCX copper, nickel, lead all are trying to recover despite low demand in overseas market. At LME (London metal exchange) metal morning trade metal are watched on red side with a small gain meanwhile domestic metal show n some recovery due to correction in Rupees against US currency.

SELL SILVER SEPTEMBER BELOW 40150 TGT 40050, 39950, 39800 STOPLOSS 40550

BUY COPPER AUGUST ABOVE 410 TGT 411, 413, 415 STOPLOSS 405

BUY NICKEL JULY ABOVE 815 TGT 817, 820, 825 STOPLOSS   805

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Evening commodity updates|| Live MCX rate and Indian share market closing position

RBI may cut cash reserve ratio by 0.25 per cent on July 30, if it happen then its direct impact make more price fall in Indian currency and commodity.

Today Indian share market closes in positive side, 50 stocks Nifty were end at 5867.90 up by 30.95 while SENSEX closes at 19495.82 rises by 84.98 or 0.44%.

On MCX a low volatile trend is watched on bullion, meanwhile Energies stock rises on intraday trading. Crude oil makes a good recovery and expected to move on green side with a good positive trend on evening session. Move towards base metal not a high pick are watched on today session, all metal are watched on red color meanwhile some correction is being expected with small gain on opening position.

BUY GOLD ABOVE 26100 TGT 26150, 26200, 26300 STOPLOSS 25950

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4 July Evening MCX tips || evening intraday trading tips|| Live gold silver price & tips for today

Bullion market is bearish on day trading at MCX, in today trade gold and silver fall with a sharp edge on early trade. On intraday trading gold prices touch a high of 26269 with a low of 26141. In today remaining session gold for future delivery expected to trade in bearish side with some correction in evening session.  If we move towards white metal a low bearish trend is watched on morning and noon session with a decrement of more than -400 point against its yesterday close.  More depreciation is expected due to low physical buying that were reduces due to off season. On intraday trading for July delivery it touch a high of 40700 and low of 40515.

Natural gas trying to recover on electronic buying after a morning low trading, MCX natural gas are trading with a support of 215 with a resistance of 227. Some corrections are also experience on base metal in evening trading session.

Nickel support and resistance

S1: 821, S2: 817

R1: 847, R2: 852

Lead support and Resistance

S1: 122.50, S2: 121

R1:  127.80, R: 128.30

MCX tips

SELL CRUDE OIL JULY BELOW 6080 TGT 6070, 6050, 6030   STOPLOSS 6135

SELL GOLD AUGUST BELOW 26200 TGT 26150, 26050, 25900 STOPLOSS 26520

SELL SILVER JULY BELOW 40600 TGT 40500, 40400, 40200 STOPLOSS 41000

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Evening trading Level || intraday commodity updates and free MCX trading tips for today

Today on MCX good trading session is being watched on day trading, on intraday trading gold for future delivery edge up with an increment of +228 point at Multi commodity exchange. Similar trend is also watched in white metal in day trade for future delivery, in today’s trade silver move high more than +400 point and touch a day high of 44018. On intraday trade more increment is expected in evening trading session. Gold prices in MCX are very close to week high and expected more increment in august traded delivery. Whereas on global market gold prices are fall in downside in afternoon trading by 0.02% and comes to $1391.30. In energies and base metal positive flag watching with a mixed reaction, in domestic market crude oil are followed in positive side  but in international market it traded in downside by falling -0.10%  to 92.66 due to weak global physical demand. In evening trade natural gas and crude oil are looking to trade in green with more increment in for active trading delivery at Multi commodity exchange.  While mentha oil look to replicate in same fashion trend in downside in evening session with some mixed watch. Intraday trading tips fill free trial form in front of you Buy gold above 28050 tgt 28080, 28130, 28200………..sl  27800 Buy silver above 44000 tgt 44050, 44150, 44300………..sl 43650 Buy lead above 122.50 tgt 122.80, 123. 20, 123.50……….sl 121 Buy nickel above 828 tgt 830, 832, 835………..sl  820 Buy cotton above 19150 tgt 19170, 19200, 19220……….sl  19050       get more commodity tips  and tomorrow commodity trend  by click on it

weekly MCX commodity report and free commodity tips

BULLION (Gold and silver)

This week commodity market showing lots of up and down, on one hand precious metal showing a dull trend meanwhile on base metal we show a good positive trend.  Gold and silver this depreciated by the effect of lower demand in Domestic and global market. In this week gold mostly seen in negative side and support by a good level between range of 30650-30900. While white metal silver following down trend and traded by lower level this week and down from its position of 58800 to 58200. But in coming month silver and gold expected to go high form its current market level.

In upcoming week buy silver above 58500 and sell below 58150.

While buy gold above 30900 and sell below 30750.

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MENTHA OIL AND CRUDE OIL

This week on MCX mentha oil achieved a new level and crosses level of 1400.this week Mentha oil increased by more than 7% on MCX.  While crude oil showed some positive movement in early of week. Crude oil gain positive movement due to depreciation on Indian currency against US dollar. In upcoming days global crude price help domestic market to go higher.

BASE METAL

In base metal nickel continuously upgrading its position and roses high, in this week nickel open at 978 and go high of 997. In coming day nickel price soon crosses the level of 1000. This week is quietly good for copper in the starting of the week copper start with a low level but as day passes it touches some good point, in upcoming week copper is expected to trade between the ranges of 442-453.

Some correction is watched in the price of Lead, aluminum, and Zinc in this week but upcoming week is not looking good for that metal and low trend is expected on MCX.

COTTON

This week cotton is the commodity that catches eyes of all traders in intraday market. Cotton makes correction in intraday position for February contract. Cotton has a good support level in upcoming day and expected more correction from its current level. In upcoming week cotton is traded in the range of 16750-16920.

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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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 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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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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15-01-13 MCX commodity market news

Today on the MCX commodity showing lots of red, but top commodity are on the positive side. On the domestic market silver is going higher due to the pos t pone of GAAR (General Anti Avoidance rules). GAAR is post pone for 2 year and their effect on the domestic market showing a positive result On the MCX. In the bullion market it is expected that the movement in the silver is very volatile today, while gold is movement is looking positive due to the strength in the dollar price. In the early morning white metal is open at 58853, 110 point high to previous close 58743. In the morning silver show a good movement and touch an intraday high 58929 and a low of 58765. Currently bullion is trading with the green flag and move towards positive direction.

Base metal is showing a red sign on the MCX, nickel showing a positive move at 10:25 am. Movement on the nickel is expected low today .nickel is trading in the range of 937 to 954.  Copper for feb contracts is expected to trade positive today on the MCX.  On the Chinese market demand on the copper is expected to increase that will surely give some support to MCX copper position.

Today calls

Buy silver(5 march) above 58875 tgt   58900, 59000, 59100………………..sl 58332

Buy cotton (31 jan) above 16290 tgt  16300, 16320, 16340…………..sl 16200

Sell crude oil (21 Jan) below 5110 tgt 5100, 5080, 5070……………sl 5200

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14-01-13 MCX commodity updates

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Bullion (gold and silver)

Today commodity market is open in a positive side, bullion behave good moment in the fresh morning. Silver is looking in the very good position to trade, its last close 58199 and today its open in at 58300, 101 point high to its previous close.  In the early trade silver up and touch a day high at 58460.  Silver gain a lead of 206 point at 10:31 am, it is expected that silver go higher today. If we talking about gold it’s still working in the green side, but the moment is not very high.  Dollar price is not capable to hold their position against Indian currency. Movement in the FOREX is very volatile and it affects the gold and other metal price in the domestic market.

Base Metal

In the fresh morning base metal is watched at positive side , copper for February contracts move with a green flag and looking  positive today on the MCX. Copper is expected to go higher on the remaining time. While nickel is holding trying to touch a target of 1000 this year, at took a step against it.  Nickel up by 1.50 point at 10:48 am, from its last close at 962.30. Meanwhile other metal like zinc, lead, aluminium also move little today.

Crude oil

Global crude price has gained a positive momentum .on the NYMEX was trading at $ 94.58 and it gains a 0.63%. On the MCX crude for January contacts trading positive, its previous close is 5136 and today it’s open at 5140. Crude is expected to trade in the range of 5100- 5200 for today trading session.

Cotton

Cotton price is continuing its worst position day by day; cotton movement is regularly fallen on the Domestic market. Cotton down by 60 point at 11:00 am from its previous position at 16340. For January contract cotton is expected to trade low today on the MCX.

Today calls

Sell cotton (31 Jan) below 16280  tgt 16260,16240----……….sl  16350

Sell gold (5 feb) below 30790 tgt 30750,30700………………sl 30870

Sell crude oil  (21 Jan) below 5150 tgt 5140, 5130,5110………….sl 5200

Afternoon commodity base metal tips

Bullion(gold and silver)

After the morning red sign MCX is comes to the other direction.  Bullion comes to the positive side after the morning red cover.  Today in the morning gold fallen by more than -100 point but now working in the good green side.  While the silver moving towards the positive side and expected a good sign in the left session. Movement in the yellow metal is volatile and expected to go lower.

Base metal

 Meanwhile the base metal is looking positive today, a good move is watching on the copper. Copper up by 3.55 point high and comes to 450.95 at 3:00pm and expected to go higher. Nickel Jan contract   move with a green flag on the domestic market.  Today nickel jump by 2.70 point On the MCX at 3:04 pm. Nickel have a strong resistance of 980, with a support level of 955.

Mentha  oil

 Mentha oil has fall by 28.10 at 3:09 pm, today its open at 1413.40. Mentha oil has lost its position form the yesterday closing. Demand in the Mentha oil has reduced this year.

Today buy calls

Buy silver (5 march ) above 58120  tgt 58150,58200, 58250…………..sl 57800

Buy nickel (31 Jan) above 965.50 tgt  966, 968, 970…………sl 955

Buy copper (28 Feb) above 450.60 tgt 451, 453………….447

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10-01-13 copper-crude-cotton- updates

Crude

Today crude oil on the MCX is looking positive and running with a good support around 5076 and a strong resistance of 5143.  Global crude also showing a positive data, US crude oil stock is climbed around 2.4 million barrel last week. This week crude is expected to trade between 5040 and 5190 on the domestic market. Currently crude oil is moving positive and expected to go higher this week.  Yesterday crude oil is closed at 5106, and today opens at 5111. Demand in the crude is week in the Last week and expected to same in the first quarter this year.

Copper

Copper for February contract is trading positive in the early start, yesterday copper is closed at 447.40 on the MCX.  In the domestic market copper is fighting with a lower demand and supply. Whereas global copper position is very volatile in the market, today copper open at 447.60 and goes 0.75 point high at 10:52am.

Cotton

This year cotton has lost its momentum there is a continue falling in the price of the cotton .yesterday cotton is closed at very low of 16430 and today also open at down side by -60 point. Cotton has affected by the lower demand in it global as well as domestic market. Today we may see more fall in the price of cotton.

Today calls

Sell cotton (31 Jan) below 16350 tgt 16340,  16330, 16310……sl 16420

SELL GOLD FEB BELOW 30745 TARGETS 30722 , 30697 , 30669 STOPLOSS 30788.

Sell copper  (28 feb) below 447.50  tgt 447 , 446.70, 446………..sl 449

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09-01-2013 gold silver updates and commodity tips

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Gold and silver

Today the commodity market is showing a red card form the starting of the day .In the morning session bullion is looking  towards the positive side  slightly higher  to it last close. But after some good move bullion lost its position and drop again in another side. If we talking about gold it’s lost its position due to depreciation in the dollar price against Indian Rupees, dollar drop by 0.20 point.  In the morning gold open at 30940 and its show a depreciation of 51 point at 2:25 pm. Similarly silver also showing a red flag from the morning, today silver open at 58350 silver lost its position by 120 point at 2:28 pm.

Base metal

  In the base metal all are looking tired today no one is ready to go in the positive side from the morning but there is movement is expected in the domestic market after the 3:00 pm. Today the movement Is expected in the nickel and aluminium where the lead and copper is trying to recover its position.

Cotton

Cotton for January contract is moving on the red side, this year cotton is looking much volatile as compare to its previous year.  Movement in the cotton is reduced due to the lower demand. Cotton is expected to trade low in the first quarter this year.

It is advice to trader to hold the position for future where as intraday trader sell their position from the current  price.

Today calls:-

Buy silver (5 march) above 58400 tgt  58500, 58600, ……..sl 58190

Buy copper (28 feb)  above 449 tgt 449.50 ,  450…………..sl 446.50

Buy crude oil (21 Jan) above 5120 tgt 5130,  5150…..sl 4990

Buy gold  (5 Feb) above 30950 tgt 30980, 31050, 31100……sl 30810

.

Bearish base metal movement

After the good start on the MCX base metal fall in the other direction. Meanwhile the movement in the bullion is still low, silver is continuing with the green flag. On the other hand the movement in the gold is not looking in the good condition. Crude oil lost it position and showing lots of up and down in the market. Indian government raises a import duty on gold by 2%. Due to this bullion is required a strong support level.

Today the movement in the commodity market is not strong. Rupees position also affects the movement of crude and gold on the Indian market. Mentha oil support a red sign for the Jan contract.

Today calls

Buy gold  tgt 30950, 31000…….sl 31500

Sell cotton tgt 16420, 16400…..sl 16500

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