MCX Market report
In global market bullion prices are fall by more than 15 percent in last weeks
after fed chairman report that central bank reduces its $85 million monthly bond
purchase this year. In domestic market gold
prices comes under 26000 this week after a sharp fallen on Wednesday at MCX. This week gold prices open in downside but expected
to close in green side around 25690. Meanwhile
more fallen are goes to seen in future delivery at MCX in upcoming weeks. In
MCX silver a huge destruction had seen in this week and more fallen are
expected in upcoming week, currently silver support a strong negative trend on
day trading and in upcoming week expected to play below 40000 near 38500.
Sell gold
below 25500….
Sell silver below 40100….. For target and STOPLOSS
FILL TRIAL FORM.
MCX energies are trading in with a mixed movement
in this week, moving to crude it crosses the mark of 5800 on intraday trading while
mentha oil playing with a mixed trend and trade in the range of 975 to 1030. This
week crude open with a green flag around 5700 and currently its traded on negative
side around 5766 at 12:40 pm. But in upcoming week energies are looking with a volatile
picture for active session on 3Rd quarter that going to open from Monday.
If we talk about natural gas it seem to be bearish in this week around 212, but
increment in dollar against all major currencies support energies in domestic MCX
market.
Base metal are trading at negative side on Saturday,
MCX copper, nickel, lead, zinc all are suffering with a low monsoon physical
buying. Demand in industry drop due to
increment in metal import rates and investor are stepping with a slow movement on
electronic buying at MCX commodity market. If we talk to global market china
market trading sequentially soften in second quarter. At LME copper are trading
marginally higher at $ 6763.50. In lead
and zinc are improvement are looking in upcoming on global market.
NCDEX
In NCDEX some season increment going to seen
in jeera, potato, castor seed and chana in the big script. Meanwhile good
trends are being watched on coriander a price that’s trading around 6440-6570
for active delivery. In upcoming week god
market swings is expected and have a good time to trade in Coriander, jeera,
potato, castor seed.
Seed Newsvine
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