Thursday, January 29, 2015

Oil Prices rise in early noon trades

Crude oil edged high on Thursday, It was trading upto 0.87 percent with 25 points at 2748rs. It touched a intraday high of 2760 and low of 2740 and closes at 2772rs with Pivot points 2792. 
BUY CRUDEOIL Below 2740.00 T1- 2800.00 with SL- 2700.00
Trades on your own:
When to sell Crude Oil? Watch out for S1, if it touches the target and the market recovers by 15-20 points thereafter, our analysts suggest investors should sell crude oil, with the stop loss of S1 + 40 points. The targets in this case would be S2 and S3, where S4 will become the strong support.

● When to buy Crude Oil? Watch out for R1, if it touches the target and the market goes down by 15-20 points thereafter, our analysts suggest investors should buy crude oil, with the stop loss of R1 - 40 points. The targets in this case would be R2 and R3, where R4 will become the strong resistance.

At the National Commodity and Derivatives Exchange: Barley for delivery in May advanced by Rs 10, or 0.81 per cent, to Rs 1,247.50 per quintal with an open interest of 980 lots. Marketman also said that covering up short positions by speculators at prevailing lower levels and mainly influenced Barley Prices at future trade here.

Friday, January 23, 2015

Indian Commodity Market Tips

Celebrating India's 66th REPUBLIC DAY, on this beutiful occassion Indian commodity makets momentum is strong enough and fast enough to trade the markets are showing. Indian markets for the last six trading sessions and are quite likely the best that the market will open today strongly.

MCX gold and silver are traded flat. Gold around Rs 28,000 to Rs 40,000, while silver is looking around. NCDEX February soybean futures trading around Rs 3335 is 0.7 percent. April futures of the cotton is trading at 0.25 per cent to Rs 735 stronger.

At the Multi Commodity Exchange, gold for delivery in far-month April contracts eased by Rs 56 to Rs 28,109 per 10 gram in business turnover of 21 lots.


Monday, January 19, 2015

Commodity Market: Gold Cross 27700 in futures trade

Gold Prices are likely to trade in a positve side. Gold prices in the international market for the past 4 months after mild pressure on the upper level. Despite stronger rupee in the domestic market in gold is bullish. Taking positive clues from the global market, Gold prices rose by the Rs. 101 to 27718 per 10 grams in future trade with above 64 points or a percent of 0.23 change. It touched a high of 27700 and a low of 27630 in trade today. 
At the multi cmmodity Exchange, Gold for delivery in far month April contracts was up by Rs. 101 or percent of 0.23 to Rs 27,700 per 10 grams in a business turnover of 86 lots.

In the National Capital, Copper mixed scraped added to rs. 3 to 400 per kg. Zinc in got Rs. 129.7, Lead got 114.6, Alunminium in got at rs. 112.6. Nickel got rs.903.2 opens with 905 touched a high of 908.6 and a low of 898.6. Also MCX Gold April contract was trading at Rs. 27570 down Rs. 37 or a percent of 0.13 change.

SELL GOLD At 27718.00 with STOPLOSS- 27718.00, Market alot-10

SELL SILVER At 39137.00 with STOPLOSS- 39128.00, Market alot-1

MCX NCDEX Investment Advice:
Castorseed NCDEX(February Contract)- SELL 4440, STOPLOSS- 4550 and TARGET-4250.

Crude oil MCX(FEB. Contract)-BUY 3030, STOPLOSS- 2990 and TARGET- 3100

Wednesday, January 14, 2015

How can you make strategy in Commodity market?

MCX crude oil remain flat in 2830 in the domestic market is trading below Rs. The 1.75 percent to Rs 185 Natural gas seems odd. Slowdown in the domestic market there is gold and silver. There is weakness in the base metals on MCX. Base metals fall dominates. MCX Copper fell 0.5 per cent to Rs 375 with osteoporosis. 0.25 percent aluminum, nickel declined by 0.7 percent and 0.25 percent lead.

Zinc is extremely sluggish move, Aluminium is trading close to 1.3 percent to Rs 108. 5 percent of the breaking, Copper is trading around Rs 345. Nickel is seeing a decline of 2 percent. Almost 2 percent to lead the business is around Rs 110. Zinc is also weak and close to 2 percent to Rs 125 per showing. 

Agri commodities at NCDEX turmeric April futures trading around Rs 9170 is 0.4 percent. April futures fell nearly 1 percent of the mustard looks down to Rs 3515. 
Investments Advice:
Gold Mini MCX (Feb futures):Buy-26800, Stoploss-26600 and the target-27300
MCX Zinc (January futures ) : Buy - 131, stoploss-130 Target-134
NCDEX Turmeric (April futures ): Buy - 9100, Stoploss - 8800 and Target-9450
NCDEX Mustard (April futures ): Sell - 3570, Stoploss - 3630 and Targets-3500

Tuesday, January 6, 2015

Commodity market today, is where the stakes?

Light crude vigorous recovery after yesterday's decline, but prices still remain at 55 -year lows. Yesterday was Nymax crude slipped below $ 50. The Brent price is under $ 54. Crude oil prices are likely to trade on negative note on the back of increasing supply and decreasing demand is likely to keep crude oil prices under pressure. 

MCX crude oil is trading down 0.5 per cent at Rs 3,200 slipped. The natural gas down 1.5 per cent to Rs 200 seems. MCX gold trading close to half a per cent to Rs 27 135 is stronger. Silver also has seen strong and is trading around Rs 37160.

In MCX, Except copper all the base metals are looking weak, Light aluminium is trading below Rs 115 with weakness. While copper is trading close to 0.3 per cent to Rs 400. Nickel is getting to see the weakness of 0.5 per cent and is trading below the 960 bucks. In the lead and zinc are seeing a decline of 0.2 percent. 

MCX Silver May contract gains
MCX SILVER March contract was trading at Rs 37100 up Rs 74, or 0.20 percent. The SILVER rate touched an intraday high of Rs 37450 and an intraday low of Rs 37052. So far 1537 contracts have been traded. SILVER prices have moved down Rs 8877, or 19.31 percent in the March series so far. 

MCX Gold Contract Rises
MCX GOLD February contract was trading at Rs 27145 up Rs 57, or 0.21 percent. The GOLD rate touched an intraday high of Rs 27289 and an intraday low of Rs 27083. So far 1660 contracts have been traded. GOLD prices have moved down Rs 1144, or 4.05 percent in the February series so far.

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