Wednesday, May 22, 2013

COMMODITY MARKET INDIA:: HOT COMMODITIES UPDATES TODAY

Federal Reserve Chairman Ben Bernanke has made it clear in the next few meetings might decide to cut QI. The statement came after the dollar rally has had an impact on commodity markets worldwide.

Comax the pressure got to see was gold, but now seems a little faster. Currently, with a gain of 0.50 per MCX gold is trading at Rs 26 170. MCX Gold Up side 26321 and lower levels 25571.
@ Sell MCX Gold below 26170 Targets 26127.

Silver is trading still on the decline. However, silver slipped 0.5 % to Rs 43 070. MCX Silver up side 44701 and low side 42791.  
@ Buy on dips near to 43050 with in July Contract.

 Nymax 0.5 per cent decline in the crude oil has come down to below 94 dollar. Brent crude also touches the levels of 102 dollar. MCX crude oil slipped nearly 1 per cent to Rs 5250 has arrived. MCX Crude oil is higher levels of 5325, while lower levels 5235.  
@  Sell MCX Crude oil June delivery at around 5245 Targets 5230 , 5215 and Stop Loss 5275.

MCX base metals were 1.5 to 0.5 per cent. Copper has slipped more than one percent, to Rs 411. june expiry future last closed at 417 with almost 2% gains. in intraday mcx copper future made high above 420 while low was near 410. MCX Copper Resistance levels 417 and Support levels 407.
@ Sell Copper immediate 411 Targets’ 408.

NCDEX potato has come down to around 2 per cent to Rs 780. Turmeric 1 per cent in June and July is looking forward, but the August Futures dropped 1 percent. Sugar 0.5 per cent to Rs 3,051 with osteoporosis has occurred. NCDEX maize rose by 1 % and red pepper has gained 0.7 per cent today in open session.

3 comments:

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