Archive for 2015

Copper Updates For Today: 23rd Oct.

Copper Updates: 
MCX Copper UpdatesCopper rose on news of expectation of stimulus by ECB in December and buoyed by another production cutback by producer Free port and strong Chinese import data. 
A modest break higher in last session for MCX Copper fizzled out as the 50 day Exponential Moving Average drew near. The counter ended just under Rs 344 per kg mark. Much of the recovery was due to bargain buying after the contract tested a two week low under Rs 339 per kg in the prior session. A break under Rs 343 mark, which was the last session low can trigger further selling today. Upside looks capped around Rs 347.

Copper MCX Tips: It will be better to sell Copper for intraday due to its bearish trend today.

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Commodity Updates For Today: 22nd Sept

Gold correct from the three-week high on Monday on stronger dollar dampened a rally fueled by the Federal Reserve's decision.

SPDR Gold Trust GLD, the world's largest gold-backed exchange-traded fund, said its holdings stood at 674.61 down 3.57 tonnes from previous business day.

Base metals recovered from two week lows on Monday on rising Chinese imports rose, however on stronger dollar gains are limited. Daily average primary aluminium output excluding China rose to 68,600 tonnes in August.

Crude oil traded marginally higher as U.S. rig count fell by 8 to 644 rigs as of September 18. crude oil might turned down on stronger dollar and higher output.

Copper traded on mixed note as supply disruptions in Chile and the US interest rate decision continued to boost the price of the industrial metal and on Monday dollar index turned higher. Traders can hold their short position. Resistance of copper now seen at 354.10.

Crude Oil Updates For Today

Crude oil price have got some support due to a decrease in the number of rigs in the world's biggest consumer of crude oil USA. Foreign crude oil is trading near $ 45.40 per barrel with a gain of near about one per cent.

Oil production companies are now facing loss due to the Crude oil prices fall and because of that the number of oil rigs has decline for the third consecutive week. According to the energy and crude oil market expert firm McKenzie Woods of the oil prices below 50 dollars is not profitable for US oil producing companies.

Crude Updates: Possible support in MCX Crude
The impact of price fall in Global market may appear in Domestic market too. on MCX Commodity exchange crude oil is likely to open higher in early trade. On the other hand Rupee is also weak against US dollar so it may support Crude oil to get a strong support as per our experts.

MCX Natural Gas Trend, Outlook For Today| NCDEX Live Tips 24th March

Chana resolved way up by simply 0. 44% with 3627 upon quick covering immediately after stress noticed motivated by simply soaring provides from your year plant. Throughout 2014-15, your Output associated with pulses projected with 20. 43 million tonnes is gloomier by simply some. 36% through twenty. 5 million tonnes manufactured in 2013-14. Indian probably will collect 16% decrease chana in 2014-15 through a year ago upon decrease grown region (down 16% Y-O-Y). Meanwhile, your fall in tur production as a result of unreliable rainwater circumstances throughout the monsoon season-2014.
Chana is getting support at 3590 and below same could see a test of 3553 level, and resistance is now likely to be seen at 3653, a move above could see prices testing 3679.

MCX Natural Gas Trend: 24th March
Natural gas NYMEX April contract traded in a volatile manner wherein the commodity traded lower for most part of the day however, saw cut in its losses in latter half, probably on back of immediate winter related demand NG active expiry 2% lower to $2.733 per MMBTU whereas at one point of time it was further down to $2.691 per MMBTU

MCX Natural Gas Outlook:
As per markets updates over US weather, near term expectations continue to stay for cooler temperatures in the Eastern and Central half of the country. However as we look at the 2 weeks view over US weather, weather updates are calling for change in cooler temperatures to warmer to normalized temperatures as we move into April month. While intraday position in the commodity is seen ranged, positional traders can look down to sell the commodity on pullbacks as the commodity is likely to take negative view over weather and rising supplies in near term. 

NCDEX Live Tips


NCDEX Jeera Tips: Jeera prices slipped lower from the high of 14610 and later closed the day at 14325 levels. It is necessary to breach the horizontal trend line support of 14200 levels to continue current selling pressure towards 14030 followed by 13800 regions. Moreover, daily RSI (14) is gradually turning lower, expecting a slim fall. Conversely, failure to break could see short covering rallies and only a consistent trades above 15500 could negate the intermediate weakness. Hence, recommend to sell below 14200 levels for the day.

NCDEX Chana Tips: Chana on NCDEX is looking sluggish for today, As long as 45 day EMA caps upside at 3645, expect to see downside moves towards 3600/3580 levels.

NCDEX Turmeric Live: As long as prices trading well below the 45 day EMA resistance at 8215, bearish moves could see towards 7810 followed by 7720/7530 levels in the near term

NCDEX Tips| NCDEX Live| NCDEX Trend| Agri Commodity Calls for 23rd March

NCDEX Tips
NCDEX HNI Tips
NCDEX Live Trend Today:
Turmeric futures prices resumed
For the day, turmeric futures prices are likely to show a range bound trade. Sport market activity will resume today after 3 days close therefore, heavy arrivals may notice at the spot front which might weigh on prices. According to trade sources, April onwards more new crop will arrive to the spot market creating huge pressure on prices.
Chana April contract was trading lower by 0.39 per cent to 3597 levels on Monday (11.16 am) 1.11 per cent to 3659 levels at NCDEX.
Chana April contract is likely to trade side ways for both short term and intra day. Short term support is seen at 3520 and resistance at 3710. Intra day support is seen at 3570 and resistance at3630.
Jeera prices slumped lower from the high of 14775 and later closed the day at 14610. Currently, prices are required to breach the downside support of 14530 for the following selloffs to continue towards 14450 or further lower to 14200 levels. Moreover, daily RSI (14) is still leaning downward, expecting weakness in the immediate run.

NCDEX Tips For Today : 23rd March
NCDEX Turmeric trend is looking at the overall factors, we recommend remaining on the selling side in today’s trading session.
Intraday NCDEX Tips: Sell NCDEX Apr Soy Oil between 577 – 579 levels, Stop loss at 574, Target for 586 and 587 levels
Intraday NCDEX Live Tips: Sell NCDEX April Castor Seed between 3640 – 3650 levels with stop loss at 3590 and for the Target of 3740 and 3750 levels
down trend amid fresh selling on previous recovery during Friday’s trading session. Hence, Turmeric futures prices ended the day in red at Rs.7900/quintal, down by 2.1%. The spot market at Nizamabad remained closed on Friday due to Amabasya. Since the beginning of the session futures started trading down and continuing the downtrend.
Posted by Niti Mathur

Commodity Face with MCX Call For Today 20th March

Commodity Has a Mixed Face for 20th March
Silver was up 0.2 percent at $1,169.26 an ounce. The quantity of Americans recording new claims for unemployment advantages climbed just unobtrusively a week ago, showing the work business stayed on strong balance in spite of abating financial development. Starting cases for state unemployment advantages expanded 1,000 to a regularly balanced 291,000 for the week finished March 14, the Labor Department said on Thursday. Claims for the former week were modified to demonstrate 1,000 a larger number of utilizations got than already reported. Economists surveyed by Reuters had estimate cases climbing to 292,000 last week. A Labor Department investigator said there was nothing irregular in the state-level information. Cases have ricocheted around for a significant part of the winter as cruel climate either discouraged or helped filings. At the same time through the unpredictability, the pattern stayed predictable with a fortifying employments market.

MCX Calls For Today

MCX Copper Call For Today
Sell Copper at 369.50 for the Targets of 368.50-366.50-365 and also put your Stoploss at 371.20

MCX Silver Call For Today
Sell Silver for Intraday trading below 36350 level, Targets are 36315-36250-36050 with a stoploss at 36460.

MCX Gold Call For Today
Sell MCX Gold for Intraday Trading Below 25980 level with a stoploss at 26051 to get the Target price of 25965- 25910- 25850.1

NCDEX Agri Commodity Tips and Trend For Today: 18th March

NCDEX Tips
NCDEX Tips

NCDEX Tips, NCDEX Live, NCDEX Trend, NCDEX Report, NCDEX Today, Agri Commodity Updates Today 18th March

NCDEX Turmeric April fates exchanged on a surged upon Tuesday (5.00pm) at India's National Commodity & Derivatives Exchange (NCDEX). Turmeric zest incresed by 3.65% to 7842 level at NCDEX.Turmeric costs finished with increases on occasional interest from north India and harvest harm reports from south India.

NCDEX Soyabean April prospects sluggished up by -0.39% in the last exchanging to close at 3357 level till Tuesday shutting. Rates ricocheted back from the lower levels as costs discovered some string backing at these levels. Shortcoming in International markets excessively smothered the business sector suppositions.

NCDEX Chana fates exchanged on a negative note on diminished request on Monday(5.00PM).Chana April contract lossed -1.
09% to 3645 levels. Creation of Gram in the nation has been by and large expanding and its generation has gone up from 7.48 million tons in 2009-10 to 9.53 million tons in 2013-14. With a specific end goal to further expand creation of heartbeats incorporating Gram in the twelfth Plan Period, the Government is actualizing National Food Security Mission (NFSM)-Pulses in 622 locale of 27 States.

NCDEX  Dhaniya April fates sluggished by -3.61% in the last exchanging to close at 7050 level on Tuesday. Deal purchasing was seen in coriander costs as costs expanded by very nearly Rs 100 every quintal at Kota and different mandies due probability of yield harm to coriander product in Rajasthan.However, crisp supplies of around 15-20 thousand sacks have been accounted for in nearby mandies .

Commodity Call for Today: 13th March

Today's Commodity Call for 13th March

We suggest Buy Lead Above 113.15 for the Target of 113.35-113.45-113.70 with stoploss at 112.90.

Play Small Get Small instead of getting huge loss small profit is batter.

MCX Calls Today: Copper Updates For 12th March

Copper Updates Today: Base Metal Face Downtrend in Commodity Today

On the global front, today morning Asian stocks have headed for their first advance in this week, as South Korean bonds climbed after the central bank unexpectedly announced a cut in the interest rates. The surprise rate cut from S. Korea right after the same announced by Thailand has further strengthened the US Dollar to reach to multi year highs against major peers. From the base metals sector, most of the metals closed on a negative note as the rallying Dollar index continued to fade away the appeal for the green back metals. Copper faces additional downward pressure as not only the Dollar index but the weak economic data of the industrial production from China has further propelled the losses for this particular metal. For the day, we have retail sales data and unemployment claims from US which are expected to perform better than prior figures and is likely to add support to the base metals,

MCX Calls For Today

SELL GOLD At 25635.00 Target 25500-25400-25300 with Stoploss at 25800.
SELL COPPER At 364.55 Target 362-359-357 with Stoploss at 370.

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