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MCX Tips 16 Dec, NCDEX Tips 16 Dec, Crude Oil Tips 16 Dec, Free Commodity Tips 16 Dec, MCX Commodity Tips 16 Dec, Commodity News 16 Dec.
All commodities are down, today all commodities are trading with the red points. May be the reason is down trend of stock market. Another reason is europe crisis. Rs is going downside, that is main reason for down trend in commodity market. Every commodity trading with more than 1% loss. Gold has come down to 27800 and silver has also touch the level of 53000. Our reseach report said that it is the best time to make buy position in any commodity. We suggest to buy Gold, Silver and Crude at lower levels for short term trading.
mcx today, ncdex today, commodity news today, free commodity tips for today, ncdex tips today
Commodity News
- Gold falls to 3-wk lows as crisis boosts dollar.
- Oil fluctuates on europe debt outlook; iran calls for opec output cuts.
- Copper falls as europe scepticism offsets china data.
- Domestic oil and oilseed trade steady.
NCDEX Trend
Chana
TREND Consolidate
RESISTANCE 2 3320
RESISTANCE 1 3255
SUPPORT 1 3135
SUPPORT 2 3070
STRATEGY Sell on higher Levels
Pepper
TREND Consolidate
RESISTANCE 2 37300
RESISTANCE 1 36580
SUPPORT 1 35200
SUPPORT 2 34500
STRATEGY Sell on higher Levels
MCX Gold December contract was trading at Rs 28893.00 down Rs 53.00, or 0.18%. It touched an intraday high of Rs 29027.00 and an intraday low of Rs 28810.00. So far 34160 contracts have been traded.
India is the biggest buyer of bullion in the world. Apart from Trade Gold spot price have increased in their local markets like in Ahmedabad market gold was up by Rs 50 at Rs 29265 and pure gold (99.9 purity) was up by Rs 50 at Rs 29390. In Jaipur market gold was up by Rs 20 at Rs 29300.
So it may be reason for uptrend of gold in comming sessions.
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Gold Trend- It was a good day to the bullion metals. Today gold prices surged more than 200 points in the major metros in India. In the Jaipur market Standard gold (99.5 purity) was up Rs 575 at Rs 28825 and pure gold (99.9 purity) was up Rs 2185 at Rs 28940 in Mumbai market.
So it is looking solid investment in bullions.
Silver Trend - In other side MCX SILVER November contract was trading at day high of Rs 57630.00. Now it is sattaled at 57476.00 with 302.00 points with a intraday low of Rs 57091.00. So far 46178 contracts have been traded. So both of metal are looking good investment.
In the Base metal sector it is a red day going on where all the base metal are down today. Aluminium is 0.50% down, Copper is 2.14% down, Nickel is 2.02% down. Technically it is looking more bearish from here.
On the other side the Bullions having a volatile day today where Gold is 0.40% up today and silver is 0.48% down. It is looking consolidate.
We suggest that make a fresh position in Gold to gat the good return and Buy Silver on dips.
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