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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Bearish commodity market news

There is a huge fall  in the silver today,from its  last close at 58651 . white metal is fallen by  -1118 point in the early morning at 10:31 am. US dollar has gaining a 0.40 point against Indian rupees after a two day low session. Today silver is open at 58525 and from that  position it continue follow the red sign. Where as yellow  is down comparative  from the white metal ,it goes  -147 point low to its last trading session.  Today  gold is open at 30925  and its day high is also the same position.  If we going  toward the base metal  they also fallen there position . the US deflect has make this changes in the  base metal . the position of base metal in the US market is not strong.

Copper  and crude also not in the position to support the precious metal. This fallen also affect the international market. Position on the LME  is also not very favorable to import the metal. The importation of copper  in the Chinese market  is already high in the last year.

Today calls:-

buy  silver (5 march) above  57200 tgt 57300, 57400, 57500……sl 56700

buy  natural gas (28 jan) above 177.50  tgt 178, 178.50, 179……sl 175

buy  mentha oil ( 31 jan) above 1428 tgt 1430, 1435, 1438…………sl

sell cotton (31 jan) below 16490 tgt 16480, 16460, 16450

sell copper (28 feb) below 447.70 tgt 447.50, 447, 446……….sl 449

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Today crude oil updates and commodity tips

CRUDE OIL

Global crude oil price move  slightly higher on Wednesday trading.In the china oil demand has risen by 9.1% in the last month with an average of 10.5 mn barrels per day. On the Indian  MCX  crude oil  is tarding positive on the Thursday morning its last close 4983. Currently crude oil is in the strong position with a good volume. Today crude oil is trading between 5074-4891. Recently Crude is recover  from the middle east tension in the global market. The Asian market is in the very good position for trading in the crude , while the US market is also consolidate its positon in the crude, it is expected that  Us wil become the top supplier to the end of 2016 in the natural gas and oil.

Today sell calls :-

SELL SILVER MAR BELOW 57450 TARGETS 57385 , 57300 , 57200 STOPLOSS 57577

BUY JEERA MAR ABOVE 14950 TARGETS 14980 , 15010 , 15050 STOPLOSS 14890

Sell gold  below 30610 ..tgt 30560 ,  30500,    sl 30800

Today buy calls :-

Buy cotton DEC  above 16430 ..tgt 16440, 16450, 16470, sl 16980

Buy mentha oil above 1398 tgt 1400, 1420,1450,,  sl 1350

Buy crude oil  above 5000, tgt 5015, 5025,,5030 ,sl 4970

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Bullion movement today

Today in the fresh morning commodity market showing a good movement, gold and silver in on the top today gold is trading with a green flag going up by 75 point to its previous close at 10:30am. Gold is trading in the very stable condition and expected to go higher, gold have a support level of 31200-31120 and a resistance level of 31462-31650. While the silver is also looking in the good move today going 371 from its previous close at 10:40, its previous close is 61347. Silver is having a good support level 61100-60800 and a resistance level of 62100-62500. On the Asian market commodity is on the very constant position. In the Indian market falling in rupees give a little high to yellow metal. On the base metal copper is trading on the bit high, moving positively and rise by 1.60 point from its last close. There is a sharp increment in the crude oil from last 2 days. Crude is looking in to good position to buy for intraday trader. On the Chinese market the demand the is disappointed due to high prices.  In the Asian market bullion support a strongest level due to the tension in the Middle East.

Today calls-

Buy gold(5 feb) tgt 31500……31600……..sl 31230

Buy silver (5 mar) tgt 62000…62300…62450……….sl 61500

Buy crude(21 jan)  tgt 4885 ….4900…….sl 4840

Buy copper(28 feb) tgt 449….449.50…450……sl 446.80

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Evening gold silver updates

India’s domestic diesel consumption is decreased by 7.2% in last 2 month .the fall in consumption growth result in rise by 14% in retail diesel price affected by  Indian government in September is the top hike in last 15 month. However the demand of automobile sector is increased and the diesel vehicle is also on the demand. People have attracted towards highly price luxuries vehicle. Crude oil on the MCX is trading with a red sign; its previous close is 4700 it is down by 25 point to its previous close. Today all the top commodity on the MCX is trading with a red ht sign.  If we talking about base metal zinc and Lead is moving with a green sign today. Today zinc is goes up 0.45 point at 2:14pm, in the global market zinc position is very stable. Its current price is 112.75 at 2:17 pm. Similarly following zinc lead also goes to high by 0.40 point and comes to 124.70 at 2:18 pm. Meanwhile if we talking about the top gainer, cotton hold the position and goes to 50 point high and expected to go higher. India cotton production is increase day by day, it help to give a positive move in the global market.

Today’s calls:-

Sell cotton tgt below 16390…..16385….16380….16370……..sl 16460

Buy lead tgt 125..125.50………sl 123

BUY CRUDE OIL dec ABOVE 4670 TARGETS 4675 , 4685 , 4700 STOPLOSS 4640

Buy zinc tgt 113……113.25…113.50………sl 111.60

sell  gold below 31383....tgt ....31350 .....31300.......sl 31650

buy silver tgt 62670......62700.....sl 62426.......

Today's commodity bullion updates

After the Wednesday fall the bullion is trying to recover from its position. Now the December is going to start the last month of the year, the eyes on the commodity how it going this month. It is expected that in 2013 the commodity is on the top gear and we see a new record on this.  According to the German bank Industrial metal is going to strengthen in 2013. This year the demand of gold in the Indian Market is very poor due to the increase in Import duty and poor Manson season.  Today on the MCX Bullion is trading in the red side; Gold is open at 31500 from the previous close of 31579. Today gold is trading with a support level of 31122 and a resistance of 32036. It is advice to trader to hold the position and for intraday trader sell gold below 31450 and buy at 31800.Meanwhile today silver is open at 62882 its previous close is 63052. Today silver is trading between 62001 to 63550. Currently silver is also in the position to hold but for buy it is better to buy 63800 with a stop loss of 61800.

Today’s calls

Buy gold tgt 31525…31575+++……………..sl 30800

SELL silver tgt  62800…..62750……………62700…sl 63700