Tuesday, September 4, 2012

MCX NCDEX Trend and Commodity Tips Today

MCX Trend For Today

COMEX gold has gained 0.6 per cent and silver has gained 2.6 percent. NYMEX only about 1 per cent of the crude oil is trading at 97.25 dollars a barrel. Copper on LME rose 0.2 percent, but the pressure on the domestic market seems certain metals.
Currently MCX gold is trading at Rs. 31350 with a gain of 0.2 per cent, while silver has risen with 0.5 per cent trading at Rs 60000 levels. With marginal gains on MCX crude oil is trading flat close to Rs 5400. MCX mixed in the base metals business is being witnessed. Aluminum, Copper and Zinc in decline, nickel and lead in the 0:15 to 0:25 per cent was recorded.

NCDEX Trend For Today

Meanwhile on NCDEX February futures cotton with about 1 per cent is trading at Rs 1,015. October of soybean futures, sugar, October, December and soy oil futures gained more than 0.5 per cent in November futures. Potatoes on the NCDEX dropped 2.5 per cent to Rs 1,050 doing business. In addition, turmeric, September, October and November futures declined by 1.5 per cent. Broke with red pepper 1 per cent is trading at Rs 4825.

Commodity Tips For Today

  • MCX Gold (October Futures): Buy at 31336, stoploss - 31170 and the target - 31500
  • MCX Lead (September Futures): Buy at 110.40 stoploss - 108 and the target - 112
  • MCX Crude oil (September Futures): Buy above 5425, stoploss - 5380 and target - 5490

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