MCX Gold is dull today despite of weak Rupee move. Domestic Markets Gold with flat is trading at Rs 29 642 although silver with nearly 0.5% up is currently trading at Rs 53 402. International market Gold and silver has seen slight edge.
MCX Silver Tips :- Silver Buy Rs -53 300, Stoploss - 53 000, Target -53 800.
All Base Metals business is with edge except Aluminum. Nickel, Lead and Zinc has been shown to strengthen nearly half per cent. MCX Metals is getting support of weak Rupee against Dollar. London Metal Exchange (LME)copper has seen strong due to inflation rate in China is estimated to be less. London Metal Exchange (LME) copper is trading at $ 7,500 per tonne at moment.
MCX Copper Tips :- Copper Buy - 424, Stoploss -421, Target - 429.
NCDEX Soyabean still continues fast today. Soybean futures market price has moved up to Rs 4,200. During the last 1 month Soybean prices has come strength of 30%. Cotton cake futures are trading with nearly 2.5% fast and price rose to cross Rs 1,350.
NCDEX Agri Commodity Tips
Soybean August Futures Buy - 4 220, Targets - 4340 – 4500, Stoploss - 4 150.
Cotton Cake August Futures Buy - 1 400, Stoploss - 1 360, Target – 1.470 – 1,500.
MCX Gold Tips :- International Market decline has overshadowed on MCX Gold Silver move. MCX Gold down nearly 0.5% to Rs 29 600 and silver is down 0.5% to Rs 53 500. COMEX Gold 1% decline to $ 1592 and silver down 1% is trading close to $ 27.
Gold Sell - 29 660, Target - 29,450 - 29,400 , Stoploss - 29 720.
Crude oil prices is starting to become under pressure. European Central Bank's move has disappointed market which has been created selling pressure on crude oil. Despite of weak Rupee International Market weakness dominate to MCX crude oil so it goes down to 1% at Rs 4800. NYMEX crude oil has come down 1.75 % to $ 86.
MCX Copper Tips :- All Base Metals except zinc are decline. Nickel, Aluminum, Lead and Copper are poor by 0.4 to 0.2%. Copper Sell - 429, Stoploss – 431, Target - 426 – 425.
Agri commodities mint oil sharp decline. MCX Mentha oil prices have slipped below Rs 1200. Spot markets Mentha oil weakness.
Cardamom July Futures Buy - 1360, Stoploss - 1345, Target – 1400.
Chilli July Futures Buy – 5000, Target – 5200, Stoploss - 4900.
Crude oil has strongly recovered today. MCX Crude Oil rose 2% and is trading above Rs 4850. NYMEX Crude Oil has climbed above $ 88. MCX gold gained 0.6% at Rs 29 752 but COMEX Gold is down 0.25% and trading at $ 1618. However silver has gone up. MCX Silver is jumped around 1% and close to Rs 54 200. COMEX Silver fell 0.25% is close to $ 28. There is strength in base metals. Copper, Nickel, Aluminum, Lead, Zinc are trading with gained of 0.6 to 0.3%.
MCX Silver and Nickel Tips / Calls
Silver Futures September Buy - 54 100, Stoploss - 53 800, Target – 54500.
Nickel July Futures Buy - 938, Stoploss – 928, Target – 950. MCX Tips Free Trial
Agri Commodities - Soybean Futures have gone up strongly. NCDEX soybean price has been exceeded of Rs 4100. International Market Soybeans rose nearly 2.5%. However there has been sharp decline in wheat. NCDEX wheat prices have dropped around 25%. However CBOT Wheat Bushel prices jumped around 3% and reached the level of $ 8.
NCDEX Pepper and Jeera Tips / Calls
Pepper August Futures Buy - 41750, Stoploss - 41 200, Target – 42500.
Jeera August Futures Buy - 14,550, Stoploss - 14300, Target – 14800.
MCX Crude Oil Tips :- After strongly Increasingly on Tuesday, today Domestic Crude Oil is get support of weak Rupee but International Market Crude Oil decline. Expectations of stimulus package in China and Europe, Crude oil prices had moved up on Tuesday. Domestic Market Crude Oil is trading flat today and present price is above Rs 4,750.
Crude Oil July Futures Sell - 4 820, Stoploss - 4 911, Target- 4 720.
MCX Silver Tips :- Bullion Gold Silver are also showing sluggish move. MCX gold is trading at Rs 29 568 with slight edge, while silver is flat with turnover of Rs 52,500. International Market Gold and Silver seen in selling pressure.
Silver September Futures Sell - 52 900, Target -54 200, Stoploss - 52 100.
Base Metals business is being seen as too weak. MCX Aluminum and Nickel has seen slight edge. Zinc, Lead and Copper are decline.
NCDEX Jeera August and September Futures are trading with gain of 2%. October barley futures has broken 2%. Potato August and September futures has declined 1.5%.
MCX Crude Oil Tips :- Crude oil is trading with strength today. Currently MCX Crude Oil is trading with up about half per cent and price is at Rs 4651. NYMEX Crude Oil also have been recorded about 1% rise.
Crude oil Buy 4625, Stoploss - 4570, Target - 4735 – 4780.
Gold Silver Tips :- MCX Gold is trading at Rs 29 563 with 0.35% down and Silver is at Rs 52 266 with strong of 0.25%. International Market Gold and Silver doing business with strength.
Gold Buy 29,520, Target - 29 700, Stoploss -29 420.
Silver Sell below -53 500, Stoploss - 53 750, Target - 53,050 – 52,800.
MCX Base Metals Tips :- Base Metals are seeing in pressure situation after initial strength. MCX Copper is trading with half per cent up . Nickel and Lead be seen flat business, while Aluminum and Zinc have declined by 0.25%.
Copper Buy - 428, Stoploss - 423, Target - 435 – 440.
Zinc Buy -103.6, Target -105.5 , Stoploss - 103.
Lead Sell -104.8, Stoploss -105.6, Target -103.5.
Nickel Buy - 935, Target – 952 - 964, Stoploss – 925.
NCDEX Commodity NEWS :- Turmeric futures trading is going to be expensive. NCDEX Turmeric futures of all deals have decided to impose special margin by 20%. New rates of margin will apply from Friday. Now Turmeric futures are trading with nearly 1.5% decline. NCDEX Potato August and September futures has seen 2-2.5% down.