Monday, March 21, 2011

Mcx Tips Guru

Currently, Domestic commodities markets are trading with positive note. Most of the indices are showing upward trend on Multi Commodity Exchange (MCX) except MCXAGRI. At MCX futures, MCXCOMDEX is trading at 3,517.17 (up by 0.71%), MCXENERGY is trading at 3,274.06 (up by 1.41%), MCXMETAL is trading at 4,460.09 (up by 0.50%), and MCXAGRI is trading at 2,820.79 (up by 0.27%). (At 02:56 PM today).

On the domestic front, Potato futures prices declined today due to profits booking by the speculators at existing price level. June future fell by Rs. 21.3, or 3.61%, to Rs. 567.40 per 100 kgs, while May future declined by Rs. 22.4, or 3.67%, to Rs. 5587.30 per 100 kgs on the Multi Commodity Exchange (MCX) as speculators reduced their long positions on the back of tracking weaker trend in the spot market. Moreover, increased fresh arrivals from the major producing regions also kept the futures prices in negative zone.

At Multi Commodity Exchange (MCX), potato future for June contract is trading at Rs. 570.00 per 100 kgs, down by 3.18%, after opening at Rs. 592.10 against the previous close price of Rs. 588.70. It touched the intra-day low of 567.40 till the trading. (At
02:54 PM today).

The top gainers at MCX are Crude Palm Oil for June contract (2.31%), Natural gas for May contract (1.78%), Silver for September contract (1.64%), Crude Oil for July contract (1.61%) and Mentha Oil for March contract (1.56%). (At
02:53 PM today).

The top losers at MCX are Platinum Mum for June contract (-3.68%), Potato for May contract (-3.23%), Potato for June contract (-3.18%), Wheat for April contract (-3.0%) and Cardamom for July contract (-2.46%). (At
02:51 PM today).

The top gainers at NCDEX are Castor Seeds for June contract (3.53%), Castor Seeds for April contract (2.61%), Maize Feed for July contract (2.40%), Castor Seeds for May contract (2.15%) and Pepper for August contract (1.88%). (At
02:50 PM today).

The top losers at NCDEX are Potato for June contract (-4.0%), Potato for July contract (-3.99%), Potato for August contract (-3.87%), Potato for April contract (-2.99%) and Potato for May contract (-2.85%). (At
02:48 PM today).

Crude oil futures surged in the domestic market on the Back of following firm global cues. April future advanced as much as 1.87% to Rs. 4,720.00 per barrels on the Multi Commodity Exchange (MCX) today. May future climbed as much as 2.37% to $104.27 per barrels on the New York Mercantile Exchange (NYMEX) as the U.S., U.K., Italy and France launched a military operation against the Libyan leader Muammar Qaddafi’s air force, boosted the concern of supply disruption from North Africa and Middle East countries. Speculators enhanced their bullish bets on expectation that political violence will spread to other part of
Middle East.

The oil production in Libya has dropped to less than 400,000 barrels a day, according to the statement of Shokri Ghanem, chairman of Libya’s National Oil Co., on March 19.

At Multi Commodity Exchange (MCX), crude oil future for April contract is trading at Rs. 4,701.00 per barrel, up by 1.45%, after opening at Rs. 4,660.00 against the previous close price of Rs. 4,633.00. It touched the intra-day high of Rs. 4,720.00 till the trading. (At
02:45 PM today).

Crude oil for May future, at NYMEX, is trading at $103.59 per barrel, up by $1.74, after opening at $103.02 against the previous close price of $101.85. It touched the intra-day high of $104.27 with a business volume of 25,526 lots till the electronic trading. (At
02:43 PM today).

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