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Bullion (gold
and silver)
Today
commodity market is open in a positive side, bullion behave good moment in the
fresh morning. Silver is looking in the very good position to trade, its last
close 58199 and today its open in at 58300, 101 point high to its previous
close. In the early trade silver up and
touch a day high at 58460. Silver gain a
lead of 206 point at 10:31 am, it is expected that silver go higher today. If
we talking about gold it’s still working in the green side, but the moment is
not very high. Dollar price is not capable
to hold their position against Indian currency. Movement in the FOREX is very volatile
and it affects the gold and other metal price in the domestic market.
Base Metal
In the fresh
morning base metal is watched at positive side , copper for February contracts
move with a green flag and looking positive
today on the MCX. Copper is expected to go higher on the remaining time. While nickel
is holding trying to touch a target of 1000 this year, at took a step against
it. Nickel up by 1.50 point at 10:48 am,
from its last close at 962.30. Meanwhile other metal like zinc, lead, aluminium
also move little today.
Crude oil
Global crude
price has gained a positive momentum .on the NYMEX was trading at $ 94.58 and
it gains a 0.63%. On the MCX crude for January contacts trading positive, its previous
close is 5136 and today it’s open at 5140. Crude is expected to trade in the
range of 5100- 5200 for today trading session.
Cotton
Cotton price
is continuing its worst position day by day; cotton movement is regularly fallen
on the Domestic market. Cotton down by 60 point at 11:00 am from its previous position
at 16340. For January contract cotton is expected to trade low today on the
MCX.
Today calls
Sell cotton
(31 Jan) below 16280 tgt 16260,16240----……….sl 16350
Sell gold (5
feb) below 30790 tgt 30750,30700………………sl 30870
Sell crude
oil (21 Jan) below 5150 tgt 5140,
5130,5110………….sl 5200
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