02-02-13 Saturday commodity market tips

Today in commodity market bullion open in positive side, gold open at 29986 and touch a intraday high in early trading. Whereas silver open slightly down from last close and open at 58502 and on MCX is down by 80 point at 10:16 am.

Sell gold below 29900 tgt 29870, 29840, 29800…………….sl 30050

Sell silver below 58400 tgt  58350, 58300…………..sl 58542

On MCX Crude oil for 19 Feb.  Trading with a dull movement today it open at 5185 and goes slightly high and touch an intraday high of 5191

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Buy crude oil above 5189 tgt 5195, 5200…5215…………sl 5167

Base metal is looking towards green side, except copper, copper for Feb. contract is moving slowly towards negative side on morning it open at 444.05 and touch a high of 444.15 and low of 443.70. While other base metal like lead, zinc, aluminum and  nickel all showing some positive attitude but not appreciable.

Sell copper below 443.75 tgt 443.50,443………..sl 444.20

On MCX today Mentha oil is working bit positive and move with good speed, Mentha oil is open at 1297.90 and expected to go bit high.

Buy Mentha oil above 1296.40 tgt 1297, 1300, 1305……………sl 1282

Today Cotton price looking positive on the commodity market,  it open at same price o which it closes last.   

Sell cotton below 16740 tgt 16730, 16720……sl 16750.

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29-01-13 Morning commodity market tips

On the MCX copper open slightly down and expected some positive movement during this week. Copper open at 438.30 and starting falling from that position and touch an intraday low of 437.75.

Sell copper (28 Feb.) below 438 tgt 437.70, 437.20,436………..sl 440

This year cotton market is looking very hot from starting of the year, cotton continuously showing its vary shade on MCX. Yesterday cotton close at 16310 but today open at 60 point high that shows how much movement is going to show. For intraday trader it’s better to buy cotton today.

Buy cotton (31Jan) above 16390 tgt 13400, 16410, 16425…………sl 16310

On the MCX silver is showing positive flag but day by day it’slosing position. Today silver open at 57795 and touch an intraday high of 58006. Currently silver is in good position and its chances to go high more in future.

Buy silver (5Mar) above 57950 tgt 58000, 58050, 58100, 58200………..sl 57600

Gold market is looking dull today, government continuously trying to increases import duty on gold and its demand affected due to this. On theFOREX India currency giving a tough competition of US dollar that will changes gold position on Asian Market.

Buy gold ( 5 Feb) above  30370 tgt 30400, 30430,3050……sl 30200.

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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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