Bullion
Today bullion
starts with a negative side, both yellow and white metal is trading down side. Silver
for March contract is open at 58620, today silver is expecting low in the first
trading session. Whereas gold for February
contract is also showing a negative sign, it is the second continue day when
bullion open on the red side. Gold is trading in the range of 31220-30750. Currently
gold and silver in the hold position for short term trader it is better to buy
gold above 31110 and silver 59000.
Crude oil
Crude oil in
the domestic market ranked below today. Crude oil is open at 5125 its previous
close is 5132. Today on the MCX crude oil is down by 14 point at 10:38am and expected
to go higher in the left time. Crude is expected to trade low today, market is
very volatile for crude.
Cotton
Cotton for
31 Jan is looking positive after it open at 16350; its previous close is also
same. On the MCX cotton for Jan contract goes 30 point high at 10:43 am against
its previous close. Cotton this year is expected to trade average and very volatile
during the first quarter.
Mentha oil
On the MCX Mentha
oil is open positively at 1392.30, and continuing moving towards positive phase
and go 4.20 point at 10:48am. In Mentha oil trend is looking good for the first
half. Today Mentha oil is expected bearish and traded in the range of 1350 and
1478.
Today calls
Sell cotton(31
jan) below 16360 tgt 16340, 16320………..sl 16450
Buy crude (21jan)
above 5125 tgt 5135, 5150……sl 5075
Seed Newsvine
0 comments:
Post a Comment