In domestic market oil prices are going on high but in Asian
market that are affected and falling in Singapore, whereas in New York May
delivery had fall by 9 cent to $94.72 per barrel. On MCX crude oil prices for 19 April are open
at 5158. On intraday market it touches a high of 5185 with a low of 5157. For today
trading some higher also expected in crude prices and hopes to crosses the
level of 5200.
Buy crude oil above 5180 tgt 5190, 5200, 5210……………sl 5150
Today base metal show down trend, MCX nickel prices are
showing a mixed reaction on early trading it touches an intraday high of 921.70
with an intraday low of 915. Some positive movement is expected in evening
session. Whereas MCX copper prices are looking to comes in green side and
expected some positive movement in evening. Copper for 30 April delivery open
at 416.60 and it touches an intraday high of 417.60 with a low of 415.40.
Zinc price are drop by more than 0.29 per cent on MCX for
future trade. On MCX it open at 104.20 and
on early trade it reflect a negative data while for 28 march delivery it goes
up and touches an intraday high of 104.40 with a low of 103.90.
Gold prices are dropped down by more than 0.35% for April
delivery. Global gold prices were also trying to recover; US gold also lost by
0.5 % an ounce. Today at MULTI COMMODITY EXCHANGE gold prices are open at 29555
and from that position it fall and touches an intraday low of 29435. For intraday
gold prices are expected to show some correction on evening.
MCX silver fall by more than -200 point for may delivery. From
morning no positive movement had seen in silver from its opening position and
on intraday it touches a low of 53924.
Cotton show mixed reaction
on intraday trading for 29 march contract. At Multi commodity exchange it open
at 18440 in early traded cotton trading low a touch an intraday low of 18320
while after some time a huge correction had seen in it and mcx cotton touches an
intraday high of 18710.
Sell gold below 29450 tgt 29420, 29380, 29350…………………sl 29550
Sell silver below 54000 tgt 53950, 53900, 53800……sl 53200
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