Monday 13 June 2016

MCX Gold Silver Trading Tips


MCX Gold (August Future)
Buy at / above: 30450.25 Targets: 30478.64 --- 30522.29 --- 30565.97 Stop loss: 30406.64.

MCX Silver (July Future)
Buy at / above: 41310.56  Targets: 41340.71 --- 41391.54 --- 41442.41  Stop loss : 41259.77. 
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Friday 10 June 2016

MCX Base Metal Trading Tips Today

MCX Aluminium (30 June 2016) 

Buy above:107.64 Targets:110.19, 112.83, 115.50 Stop loss: 105.06.

MCX Copper (30 June 2016) 

Buy above: 306.25 Targets: 310.49, 314.90, 319.36 Stop loss: 301.89.

MCX Nickel (30 June 2016) 

Buy above: 606.39 Targets: 612.26, 618.46, 624.69 Stop loss: 600.25.

MCX Lead (30 June 2016) 

Buy above: 118.27 Targets: 120.94, 123.70, 126.50 Stop loss: 115.56. 

MCX Zinc (30 June 2016) 

Buy above: 141.02 Targets: 143.93, 146.94, 149.99 Stop loss: 138.06.

Thursday 16 July 2015

NCDEX Chana Commodity Trading Calls 16 July

The Whole trend has turned bullish for NCDEX Chana futures. Chana July contract is likely to trade bullish for both short term and intra-day.

Rains remain critical for sowing of Kharif Pulses. Monsoon in July would remain a strong factor influencing price direction as sowing of Kharif Pulses continue. Govt initiatives to improve supply could limit the uptrend as it proposes to import 5000 tons Urad and has floated a tender for import of 5000 tons.

As per latest Govt reports, the area under Kharif Pulses has risen to 32.61 lakh ha as on 10th July vs 22.71 lakh ha same period last year. Above normal rains in Central and South India have improved sowing, keeping prices down for Chana in June. The Month of July, however, saw a bounce back as rainfall activities slowed down. That is however again expected to pick up in coming days.

Short term support is seen at 4330 and resistance at 4550. Intraday support is seen at 4420 and resistance at 4460.

Monday 13 July 2015

MCX Commodity Calls For Today 13 July

MCX Commodity Calls For Today

MCX Copper @ August: Sell at 357, Target 354-351, SL-361

MCX Silver @ September: Sell at 35900, Target 35400-200, SL-36100

MCX Crude Oil @ July: Sell 3320-30, Target 3250, SL-3380

MCX Gold @ August: Sell 26200, Target 26050-25900, SL-26400

Friday 10 July 2015

MCX Commodity Trading Calls Today 10 July 2015

MCX Gold held over a four-month low on Friday, prodded by a firmer euro on indications of advancement paying off debt-hit Greece endeavors to secure crisp subsidizing. 

In any case, bullion is still down so far for the week, its third in succession, in the midst of feeble physical request in top purchasers China and India. Prices have been caught in a tight range with worldwide vulnerabilities from Greece to China neglecting to start place of refuge offers. 

MCX Gold pared picks up on Thursday in the wake of moving from the earlier session's four-month low as a recuperation in Chinese shares cooled apprehensions of a more extensive defeat in the real bullion traders while quality in the U.S. dollar kept a cover on additions.

MCX Commodity Trading Calls Today

We expect MCX gold prices are prone to exchange positive on the back of FOMC meeting minutes.

Thursday 9 July 2015

MCX Commodity Updates and Calls 9 July 2015

Crude Oil prices rose in Asia on Thursday but remain subdued by concerns about the impact on demand from the stock market rout in China and Greece's debt crisis, analysts said. Robust commercial crude inventories in the United States added to the pressure in the commodity face of a supply glut, they said. 

"Live Commodity online prices fell sharply this week with crude prices suffering their largest sell-off in five months, slumping more than 8.0 percent." 

It would be recommended to buy crude oil on the current level, it may go higher in a day or two.

Wednesday 8 July 2015

MCX Commodity Trading Calls For Today 8 July 2015

Short term and intraday pattern for MCX Crude Oil July contract is liable to be bearish. Support for transient is at 3000 and resistance at 3600, Intraday backing is seen at 3250 with a resistance of 3360. 

Customer request in China could slow down if the share trading system emergency keeps, hitting merchandise utilization. Greece's obligation emergency has additionally delayed wares. 

MCX Crude Oil July contract has been trading around 0.64per cent to 3285 levels at 11.59am on Wednesday.

Intraday Tips Today