MCX Silver Tips
Gold and Silver trading is extremely slow today. Catch is that the country's rural areas where large amounts of gold are consumed. The rainfall in these areas is extremely low. The big question Low rainfall in these areas will be dictated by the situation demanded. That is to get pressure on gold prices. Currently MCX gold with 0.2% increase is trading at Rs 29 720 while silver is trading at Rs 52 140 with strength of 0.3%.
Silver September Futures Buy - 52 900, Stoploss - 52 200, Target – 54000.
MCX Crude Oil and Copper Tips
Crude oil is trading at decline today. Last week Crude Oil was picked up on back of NEWS and there was not responsible for strong fundamentals. So International Market Crude Oil are once again become expected to be under $ 80. Base metals are traded with decline. MCX base metals have declined by 0.2-0.4%.
Crude oil April Futures, Buy – 4630, Target – 4730, Stoploss – 4580.
Copper August Futures, Buy - 423, Stoploss – 419, Target - 430.
NCDEX Agri Commodity Tips for Today
After last week great fast NCDEX Red Pepper futures has been served 5% special margin on selling deals. However Red Pepper decline. Currently on NCDEX Chilli June futures is trading at Rs 4,950 with slight edge. Soybean prices have had good support due to delay in sowing . NCDEX Soybean futures is very close to Rs 4,000. NCDEX Soybeans currently with doing business with gain of around 0.5% to Rs 3,980.
Chilli August Futures, Sell - 5000, Stoploss – 5070, Target – 4850. MCX Tips Free Trial
Commodity Update :- Not just stock market, commodity market is also still buoyant. NYMEX crude oil has climbed 10%. In fact that commodity market was already nervous because of debt crisis in Europe now he is receiving support from Europe. European Union Summit in Italy and Spain agreed to help after becoming world's commodity markets have climbed. NYMEX Crude Oil has reached $ 85. Brent crude is also strongly and have reached $ 98. after European Union good NEWS Crude Oil as well as gold and silver are also shining. International Market gold has shot up 4% beyond $ 1,600/Oz. Silver has 5% up and risen across to $ 27.50/Oz.
MCX Copper Tips :- Base Metals highly volatile today. Copper continued to have weakness while zinc futures have been bouncing around 1.5%. In addition Aluminum, Nickel and Lead have gone up by 0.5%.
Crude Oil Trend :- International Market Crude Oil seems weak before European Summit. However in Domestic Market Crude Oil has been strengthened by support of weak Rupee. NYMEX Crude Oil with 0.3% down and has come at $ 79. MCX crude oil is trading at Rs 4550 with strength of 0.5. MCX Natural gas is trading at Rs 162.40 with With 2% jumped.
MCX Crude Oil Tips :- Crude oil April Futures Buy - 4540, Stoploss – 4510, Target – 4600.
MCX Gold Silver Trend :- MCX gold and silver has been sluggish. before European Summit market business is quiet. This is believed that in European Summit some big decisions will take about debt crisis problem therefore gold and silver has been sluggish. MCX gold completely flat is trading at Rs 29 975 and silver is trading below and Rs 53,000 and flat.
MCX base metals have declined by 0.25%. Nickel Tips :- MCX Nickel June Futures Sell - 932, Stoploss – 940, Target – 915.
NCDEX Tips :- Soybean Complex is trading on decline. Soyaoil and soybeans dominate weakness of 1%.
Soybean June Futures Sell - 3795, Target – 3720, Stoploss – 3820.
Turmeric July Futures Buy - 4180, Stoploss - 4130, Target – 4290.
Chana July Futures Buy - 4265, Stoploss – 4230, Target – 4310.
MCX Crude Oil Tips :- Domestic Market gold is strong despite of decline in International Market but silver is seeing decline. Crude Oil also jumped today. NYMEX Crude Oil with slipped by 0.5% has below $ 79/ Barrel.