Tuesday, February 12, 2013

11-02-13 Intraday MCX commodity market tips

On Monday fresh morning commodity market open some movement on MCX. Today cotton showing a big blasting trend on MCX, it open at 16900 and touch an intraday high of   17140. On domestic market a huge unexpected changes had been seen in cotton price.

Buy cotton above 17100 tgt 17020, 17040,17050+++…………..sl 17030

Today gold and silver is expected to show some positive movement , demand is  silver is expected to grow  on domestic market at MCX silver open at 58309 and touch and intraday high of 58320 with a low of 58268. For today trading silver is expected to trade in the range of 58050-58540. On MCX for April contract gold open at 30829  and touch an  intraday high of 30831 and low of 30796. Currently gold support low level but some good move is expected in intraday trading.

Buy silver above 58300 tgt  58350, 58400, 58500…………sl  58100
Buy gold above 30830 tgt 30860, 30900, 30950….sl 30650

Base metal on MCX is expected to trade marginally low on intraday, some good movement will expected from nickel and copper. While in lead, zinc and aluminum some green shade is expected after 2 pm.

Buy nickel tgt above 986, tgt 988, 991, 995, 997…………..sl 975
Bu copper above 446.90 tgt 447.50, 448 , 448.50…………sl 444

Mentha oil and crude oil  is trading inversely on MCX , today movement is cotton is not looking very high on MCX it open at  5147,  and from that position it goes in down direction and  touch an intraday low of 5141.

Sell crude oil  below 5143 tgt 5140, 5135, 5130……..sl 5156
Buy mentha oil above 1425 tgt 1430, 1435, 1450…..sl 1400


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