India Mcx market all base metal are showing a red color
except copper. Today on MCX metal are open
slightly high to its last close but lower demand forcing to trade in negative
side. MCX aluminum is open at 103.50 but trend is supporting negative movement
and on intraday price it touches a low of 102.80. While nickel, copper and lead
are trading in negative side but some positive movement are expected on
evening. Today on MCX copper prices are following
with a mixed volatile movement. On intraday trading it touches a high of 417.50
where as on downside it touches a low of 415.20. Nickel, zinc and lead are traded
on negative side and supported a negative trend.
On MCX gold silver prices are traded flatting low negative
today it opens at 29755 and on early trade it touch an intraday high of 29807
with a low of 29742. For today trading gold prices are expected to trade in the
range of 29725 to 29896. Silver prices on mcx are falling by huge level and
come to 54738 at 3:24 pm. On commodity market it open at 54989 with an intraday
high of 54989 and low of 54710. Indian currencies
are traded low that’s result in depreciation on silver and cotton.
Cotton prices for 29 march delivery are again falling by
huge point on intraday trading. On early trade on mcx it open at 18750 and form
that position it’s continue showing a negative movement and expected more depreciation. Cotton for March delivery touches a low of 18490.
Crude oil for April delivery are traded positive and expected
go higher on evening session. Global
crude oil prices are varying on US and china market. Euro problem affect price on Russian and European
oil market and seems to some correction on upcoming weeks.
Mentha oil is very volatile on MCX, today it open at 1140.50,
on Asian market mentha oil continue trying to recover but fail to continue its
journey towards positive direction.
Buy mentha oil above 1132 tgt 1135,1140, 1145………..sl 1119
Buy crude oil above 5065 tgt
5075, 5090……..sl 5040
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