11-02-13 AGRI INTRADAYcommodity Movement and MCX|NCDEX tips

Today on NCDEX from morning all top commodity are moving on positive side and showing a good movement due to higher demand in agriculture product. In jeera we see lots of up and down in previous week but on Monday morning jeera moving towards positive side at 2:45 jeera up by +85 point from its last close for 20 Mach.

Buy jeera(20 mar) above 13190 tgt 13200,13220, 13250……..13130

Barley moving towards good green side in NCDEX   ,for April contract barley work on green side. Currently barley has god support level and expected to trade in range of 1990- 2040.

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INTRADAY  NCDEX  tips

Buy barley  (19 April) above 1402 tgt 1405, 1408,1410…….sl 1390

Buy wheat (20 FEB) above 1585 tgt 1590, 1600, 1610…………sl 1560

Buy  MCX kapas (30 mar) above 876 tgt 877, 888, 890…….sl 873

INTRADAY MCX TIPS

Sell silver (5 MAR) below 58130 tgt 58100, 58050,58000-----……………..sl 58300

Sell gold (5 APRIL) below 30750 tgt 30730, 30700, 30650----……………sl 30880

Buy cotton (28 FEB) tgt 17050 tgt 17080, 17100, 17130………….sl 16980

Buy nicke(28 FEB) above 984 tgt 986, 988, 990, 995…….sl 975

hot commodity updates

In the bullion global market gold is set to break its previous all time record high price of $1,920 per ounce in 2013. While in the domestic market gold is trying to recover from its two week position. On the MCX yellow metal is opened at 31319 on the December contract its previous close is 31262. Meanwhile the white metal is open at 62200 its previous close is 61814 on the MCX December contracts. In the global market silver price is expected to go higher due to theissue between GREECE and UNITED STATE. 2013 is expected a good market year for the base metal and precious metal according to report. India is the top wheat supplier in the world, is now going to export more wheat in the global market, in the end of July government had allowed exporting of 2 million tons wheat, and in the last week cabinet approved 2.5 million tons wheat for export. Wheat price has risen by 40% in the recent month. The global output of wheat is expected to decline to 654 million tons in 2012-13, down from 695 million tons the previous year, according to the International Grains Council.

Today MCX calls:-

Buy gold dec tgt 31200….31300………..sl 30950

Buy silver dec tgt 61500….61600++…..sl  60000

SELL SILVER MAR BELOW 63580 TARGETS 63515 , 63430 , 63330 STOPLOSS 63707

BUY COPPER FEB ABOVE 445 TARGETS 446.5 , 448 , 449.5 STOPLOSS 442

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weekly mcx commodity news updates

BULLION

 In this week we see lots of up and down in the commodity market. In the starting of the week commodity goes a touch a new record of  the month but as day  goes  the commodity turn around to the another  direction. This week bullion is on the rock in the first 3 day but then market situation was changed and silver goes from 64000 to 61000 this week. Today on the MCX silver is trading on 61292 at 11.40 am. While the gold is also in the same situation today gold is trading on 31107 at 11.45 am goes 31 point high from its previous close.

CRUDE OIL

Meanwhile the other base metal is on situation of do or dies.  If we talking about crude the global situation affect it, while china has raised it import by 23%. In the report of IEA (International Energy Agency) stat that US will be the top oil producer by 2017, replacing the Saudi Arab and also US become the top Gas producer in the world by 2015. The economics growth of US wills going to enhance by this, US is still recovering from the great Recession.

CROP NEWS

Maize price in India has risen sharply in India in the November month, this year the Maize production is very low in the domestic market as well as global market. The demand of this crop is rising in the pot market. On the NCDEX Maize price were up by 0.6 percent at Rs 1506 per 100 kilogram at 14.14 IST on November, 30. Similarly barley price is also going high in the future trade due to lower production and  poor imports from major Barley producers like Russia and Ukraine. India is aiming to produce 1.5 million tons in the current session. In NCDEX barley price were up by 3.17 percent at Rs 1498 per 100 kilogram for January contract as of 16.45 IST on November 30.