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.




MCX NCDEX INVESTMENT ADVICE:
COPPER MCX(FEB CONTRACT) : BUY-350, STOPLOSS- 354 AND TARGET- 342
ZINC MCX(JAN CONTRACT) : BUY-130.8, STOPLOSS- 132 AND TARGET-128.5
CRUDE OIL MCX(FEB CONTRACT) : BUY-2980, STOPLOSS- 132 AND TARGET-2850
MUSTARD NCDEX (APRL CONTRACT) : BUY-3410, STOPLOSS- 3430 AND TARGET-3370
SOYA OIL NCDEX: BUY-626, STOPLOSS-628.5 AND TARGET-622
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