Wednesday, February 23, 2011

Mcx Bullion Trading Tips Free Trial

Currently commodities markets in India are trading on a hyphenated note. At MCX futures, MCXCOMDEX is trading at Rs. 3,415.22, up by 0.13 %, MCXMETAL is trading at Rs. 4,367.36, down by 0.20%, MCXENERGY is trading at Rs. 3,069.49, up by 1.26 %, and MCXAGRI is trading at 2,883.75, down by 1.30%. (At 03:00 P.M. today).

At NCDEX, the Dhaanya, an Agri commodity benchmark index, is currently trading at 1,169.77, down by 0.64% (At
03:00 P.M. today).

The top gainers at MCX are Potato TRWR for March contract (3.56%), Potato TRWR for April contract (3.27%), Potato TRWR for May contract (1.16%), Crude Oil for March contract (1.11%), Crude Oil for July contract (2.32%), Mentha Oil for February contract (1.02%), and Mentha Oil for March contract (0.99%).

Similarly the top losers at MCX are CPO for May contract (-3.46%), CPO for April contract (-3.36%), CPO for March contract (-3.28%), CPO for February contract (-3.01%), and Cardamom for June contract (-3.00%).

The top gainers at NCDEX are Chilli for April contract (1.9%), Chilli for March contract (1.5%), Turmeric for April contract (1.4%), Light Sweet Crude Oil for March contract (1.2%) and Turmeric for May contract (1.0%).

Similarly the top losers at NCDEX are Kapas for March contract (-3.4%), Castor Seed for April contract (-3.0%), Castor Seed for March contract (-3.0%), Ref Soya Oil for June contract (-3.0%) and Castor Seed for May contract (-2.9%).

On the domestic arena, at MCX, Crude Oil for August contract is trading at INR 4,612.00 per BBL as against its Previous close price of INR 4,600.00 (up by 2.32%). Crude Oil for July contract is trading at INR 4,585.00 per BBL as against its Previous close price of INR 4,554.00 (up by 2.59%). Crude Oil for June contract is trading at INR 4,555.00 per BBL as against its Previous close price of INR 4,515.00 (up by 2.77%). (At
2:45 P.M today). 

The world’s fourth biggest consumer of oil, India, had requested the OPEC (Oil Petroleum Exporting Countries) to keep a check and take required actions against the oil prices that have gone as high as $ 100 per barrel because of the unrest going on in the West Asia.

Gold for April contract is trading at INR 20,744 as against previous closing price of INR 20,787, down by (0.21%) along with October contract is trading at INR 21,630.00 as against its Previous close price of INR 21,635.00 (down by 0.02%). Gold for August contract is trading at INR 21,350.00 as against its Previous close price of INR 21,396.00 (down by 0.21%). Gold for June contract is trading at INR 21,059.00 as against its Previous close price of INR 21,106.00 (down by 0.22%). (At
2:45 P.M today). 

After a decline in the prices in Asian trade on Tuesday, Gold prices again gained recovery as the Arab world crisis gave its continued support to this gilt-edged metal. Spot gold was trading at $ 1,396.37 per ounce at 1:00 P.M. Singapore time, while Futures for April delivery was spotted at $ 1,398.29 per ounce.

Silver for September contract is trading at INR 50,805.00 as against its Previous close price of INR 50,776.00 (up by 0.06%). Silver for July contract is trading at INR 50,449.00 as against its Previous close price of INR 50,502.00 (down by 0.10%). Silver for May contract is trading at INR 50,046.00 as against its Previous close price of INR 50,047.00. (At
2:45 P.M today).

Cardamom for June contract is trading at INR 1,173.80 as against its Previous close price of INR 1,210.10 (down by 3.00%). Cardamom for May contract is trading at INR 1,187.00 as against its Previous close price of INR 1,219.50 (down by 2.67%). Cardamom for April contract is trading at INR 1,173.30 as against its Previous close price of INR 1,208.20 (down by 2.89%) (At
2:50 P.M today).

Copper for June contract is trading at INR 441.20 as against its Previous close price of INR 442.95 (down by 0.40%). Copper for April contract is trading at INR 436.80 as against its Previous close price of INR 439.25 (down by 0.56%). Copper for February contract is trading at INR 431.10 as against its Previous close price of INR 433.85 (down by 0.63%) (At
2:50 P.M today). 

Copper today touched a three week low, as the risk appetite among investors was seen declining on the ongoing tensions in the North Africa and the Middle East. Copper for June contract is trading at INR 441.20 as against its Previous close price of INR 442.95 (down by 0.40%) at MCX.

Monday, February 14, 2011

Mcx Commodity Tips


Natural Gas(MCX-Feb'11): Natural Gas is in oversold zone and may take support near 175 . From this level it may bounce back till 192. Above 202 it will attract buyers who will lead this counter to 214. 

Continues show high level of volatility and on weekly basis closed with negative zone. The down was occurred due to high stock level. It looks that Natural Gas prices have been significantly underperforming oil prices in the last few weeks.

We were bullish this counter from the level of 190 and it was tested 210, then reversal were saw in this counter... Now consider resistance 184 and support 179.. remain below target 175-172......... 

This counter shortly down trend in this counter and 185.00 level below down trend in this counter and low side touch at 172.50 level 167.0 level in coming trading days confirm down trend so sell at only rise...........and day trading and earn daily profit = profit choice pack .

Copper (MCX-Feb'11): We mentioned since last 4 days: Still more upside rooms are available for this metal.
Since copper does not close below its psychological figure of 455 so we can expect an up move anytime for its next target of 471. Below 448 it may fall till 443 and then 437. 

Silver (MCX-Mar'11): Along with Gold, Silver also facing resistance at $30 USD. Friday, it managed to close below $30 USD which indicates a bearish signal in near term. Silver first support is at 44500 below which it may fall till 41000. To move upside, it has to cross and closed above 46000.