Thursday, March 21, 2013

MCX commodity updates for today and positional call for 21 march 2013

Today MCX showing a mixed reaction from morning, mcx gold prices are open slightly down and open at 29662. On intraday it touch an high of 29679 with a low of 29613 , on MCX gold are trading flat low in the bound in the range of 29700 to 29570. Mcx silver are bit positive for May delivery on morning it open at 54392 and goes a maximum of 54450 with a low of 54150.  For today trading on intraday MCX silver are showing mixed reaction with a good volume.
Sell gold below 29670 tgt 29640, 29610, 29570…………… 29770
Buy silver above 54400 tgt 54450, 54550, 54600……………sl 54200

On MCX this week crude moving on good side, but today it show a lazy movement. Today MCX crude oil opens at 5085 bit low from yesterday close. On intraday trading MCX crude oil touch an intraday high of 5095 with a low of 5070.

Buy crude oil above 5080 tgt 5090, 5100, 5020…………sl 5040

Mcx cotton fall by more than -200 point on intraday trading, today it open at 18850 and from that position it continue fall and touch an low of 18650.

Sell cotton below 18750 tgt 18730, 18700, 18680…………………sl 18820

Mentha oil for 30 march delivery open at 1130 , for today trading session mentha oil perform well and expected higher on evening . For intraday trading it touch a high of 1149.70 with a low 1128.60.  

Buy mentha oil above 1132 tgt 1135, 1140, 1150………sl 1114

Today base metals are open with a mixed movement, nickel open on positive side with an intraday high of 919.50. On MCX nickel fails to continue its positive movement and touches an intraday low of 912.70. Copper have a strong support level on Mcx its prices are varying due to volatile movement at LME. Copper are expected to go high on evening trading.

Sell nickel below 915 tgt 913, 910, 908…….sl 922
Buy copper above 417.50 tgt 418, 419, 420.50………….sl 414.50


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