Sunday, February 6, 2011

Sureshot Mcx Tips Trial


Gold (MCX-Apr'11): Gold started its downward journey and came down till 19952. At around 10.30 pm (IST) Mr. Barnanke statement reverses the bullion pattern. He said that US economy still needs help for recovery and growth & inflation still missing. Gold in international market crossed $1350 USD which is a bullish sign for the time being.

On the domestic front, Mentha Oil is trading lower in future trade today as speculators preferred to book profits, driven by fall in demand in the spot market. At MCX future, Mentha Oil for February contract is trading at Rs 1,064.00, down by 1.17%, Mentha Oil for March contract is trading at Rs 1,055.80, down by 1.47% and Mentha Oil for April contract is trading at Rs 1,026.00, down by 1.67%. (At 11:18 A.M today)

Sugar prices declined in future trade today due to the sluggish demand and sufficient stock in the domestic market. At MCX future, Sugar MDEL for February contract is trading at Rs 2,815.00, down by 0.92% and Sugar MDEL for March contract is trading at Rs 2,913.00, down by 0.78%. (At 11:26 A.M today). At NCDEX future, Sugar M Grade for February contract is trading at Rs 2,685.00, down by 0.85% and Sugar M Grade is trading at Rs 2,780.00, down by 0.86%. (At 11:36 A.M today)

The top gainers at MCX are Iron Ore for February contract (3.80%), Cardamom for May contract (3.00%), Potato TRWR for May contract (3.00%), Cardamom for March contract (2.44%) and Cardamom for April contract (2.27%) (At 11:10 A.M today).

Similarly the top losers at MCX are Mentha Oil for April contract (-1.38%), Mentha Oil for March contract (-1.27%), Mentha Oil for February contract (-0.94%), Sugar MDEL for February contract (-0.92%) and Sugar MDEL for March contract (-0.89%). (At 11:10 A.M today)

The top gainers at NCDEX are Chilli for March contract (1.9%), Potato for May contract (1.8%), Potato for July contract (1.6%), Chilli for April contract (1.5%) and Guar Gum for February contract (1.5%). (At 11:12 A.M today)

Similarly the top losers at NCDEX are Kapas for March contract (-3.0%), Guar Seed for June contract (-1.7%), Castor Seed for April contract (-1.5%), Natural Gas for February contract (-1.1%) and Guar Seed for May contract (-0.8%). (At 11:12 A.M today)

On the domestic arena, at MCX, Crude Oil for February contract is trading at Rs 4,086.00 against Previous close price of Rs 4,090.00 (down by 0.10%). (At 11:12 A.M today)

Gold for February contract is trading at Rs 20,088.00 against Previous close price of Rs 20,054.00 (up by 0.17%). (At 11:13 A.M today)

Silver for March contract is trading at Rs 44,515.00 against Previous close price of Rs 44,440.00 (up by 0.17 %) (At 11:15 A.M today)

According to a state industry body, Sugar output in India''s Maharashtra state is up 13% from a year ago, slightly slower than in January.

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