Since last 3 weeks bullion trade
was very dicey. Both side movement seen and its always advisable to take a
break from trading activity till range not break either side. Anyway, we
believe this week this range will break and bullion will start moving. UP or
down?? Time will decide, but since we are trader, not investor, so we need not
to bother about direction, rather we should be ready to trade according to
direction. Whatever direction bullion will take on Monday, it will continue
till Wednesday. Thursday and Friday will be reversal trend. Trade in and out.
Don't take overnight position.
MCX is trading with strength in
base metals. U.S. Federal Reserve meeting firming trend in base metals since
returned. China's PMI figures 9-month low reached the base metals has
accelerated. With a gain of 0.4 per cent on MCX Copper is trading at Rs 428.85.
0.3 to 0.6 per cent in the rest of the metals is seeing.
NCDEX wheat on the brakes is up to
3 weeks. 3 weeks wheat rose 18 percent. September wheat futures on NCDEX has
broken nearly 2.5 per cent and the price is around Rs 1,530.
MCX base metals on the London Metal
Exchange is seeing strong. MCX Copper updates trading at Rs 429.70 with a gain of
0.6 per cent is. Aluminum and lead gained in the 0.6-0.8 per cent. The nickel
and zinc has gained more than 1 per cent.
Copper on the London Metal Exchange
touched a record level of 7679 dollars per tonne, which is a record level of 1
week. The copper on the London Metal Exchange was trading near $ 7667. Metals
on the London Metal Exchange stocks fall sharply due to seeing. Despite China's
poor PMI figures in August Metals is looking up.
However, with a decline of 0.5 per
cent to close at MCX gold
updates is trading at Rs
31,200. While silver dropped 0.1 per cent to Rs 59,000 is down. At the MCX,
crude oil slipped 0.5 per cent is trading below Rs 5350.
Meanwhile on NCDEX dropped more
than 2 per cent cotton has come to Rs 1,000. Slipped 2 per cent of wheat is
trading below Rs 1,550. Potatoes declined by 2.5 percent and the price is Rs
1,075. Cotton missed December, January and February futures have declined 2.5
per cent. On the NCDEX Castor Seed Coriander and gained 1.5 percent.
International commodity market is
witnessing huge shopping environment. Comaks the gold is approaching $ 1,700.
Crude oil also looks good lift.
Comaks currently at 1695.25 dollars
per ounce gold, with a gain of 0.6 per cent is trading at. With 2.6 per cent
the Comaks mcx silver updates is trading around $ 32.30. Copper on
LME is seeing a slight edge.
Meanwhile, the crude oil Naimaks
with 0.8 per cent is trading at 97.20 dollars a barrel. Brent crude on the ICE
with a gain of 0.25 per cent to $ 116 a barrel reached.
International market is bullish on
gold and silver in the domestic market is being witnessed. Comaks 0.6 per cent
in gold and silver has gained 2.6 percent. Naimaks only about 1 per cent of the
crude oil trading at 97.25 dollars a barrel is. Copper on LME rose 0.2 percent,
but the pressure on the domestic market seems certain metals.
Currently, 31 350 with a gain of
0.2 per cent on MCX gold is trading at Rs. With 0.5 per cent to Rs 60,000 while
silver has risen. With marginal gains on MCX crude oil is trading flat close to
Rs 5,400. MCX mixed in the base metals business is being witnessed. Aluminum,
Copper and Zinc in decline, nickel and lead in the 0:15 to 0:25 per cent was
recorded.
Meanwhile on NCDEX February futures
cotton with about 1 per cent is trading at Rs 1,015. October of soybean
futures, sugar, October, December and soy oil futures gained more than 0.5 per
cent in November futures. Potatoes on the NCDEX dropped 2.5 per cent to Rs
1,050 doing business. In addition, turmeric, September, October and November
futures declined by 1.5 per cent. Broke with red pepper 1 per cent is trading
at Rs 4825.
Rupee in the domestic market is
seeing a slowdown in crude oil. But Naimaks 1 week reached the highest level on
the crude oil and the price above $ 97 Is gone. Brent crude on the fourth day
is to move upwards. The 0.2 per cent on MCX crude oil is trading below Rs 5400
with.
Rupee in the domestic market, the
trick of gold is relax. But silver has exceeded Rs 60,000. In the international
market due to the weak dollar is seeing gains in gold and silver. 5 months in
the international market of gold has reached record levels. Currently 0.25 per
cent on MCX gold is trading at Rs 31 365 with a gain. With 0.5 per cent to Rs
60,000 while silver has risen beyond.
So join us today, after that we
together can extract the whole basket of opportunities from this market in a
profitable manner to trade in mcx tips , commodity tips , intraday trading tips , equity , stock also FNO.
