Wednesday, March 30, 2011

WWW.Commodity Tips


Currently, Domestic commodities markets are trading with a negative note. As 3 out of 4 indices are showing downward trend on Multi Commodity Exchange (MCX). At MCX futures, MCXCOMDEX is trading at 3,488.94 (down by 0.83%), MCXENERGY is trading at 3,308.76 (down by 0.20%), and MCXAGRI is trading at 2,528.47 (down by 5.75%), while MCXMETAL is trading at 4,500.00 (up by 0.16%), (At 02:59 PM today).

At NCDEX, the Dhaanya, an agri commodity index, is currently trading at 1,107.49, down by 0.64% (At 02:52 PM today).

In restricted trade, wheat prices fell up to Rs 25 per quintal in an otherwise wholesale grains market today on adequate stocks following rising.

At Multi Commodity Exchange (MCX), cardamom for April contract is trading at Rs. 1,072.00 per kg, down by 0.36%, after opening at Rs. 1,070.00 against the previous close price of Rs. 1,075.90. It touched the intra-day high of 1,079.10 till the trading. (At 02:44 PM today).

At Multi Commodity Exchange (MCX), nickel future for March contract is trading at Rs. 1,181.90 per kg, down by 0.81%, after opening at Rs. 1,191.30 against the previous close price of Rs. 1,191.30 per kg. It touched the intra-day high of Rs. 1,193.80 till the trading. (At 02:38 PM today).

At Multi Commodity Exchange (MCX), crude oil future for April contract is trading at Rs. 4,702.00 per barrel, up by 0.11%, after opening at Rs. 4,691.00 against the previous close price of Rs. 4,697.00. It touched the intra-day high of Rs. 4,709.00 so far. (At 02:37 PM today).

At Multi Commodity Exchange (MCX), gold future for April contract is trading at Rs. 20,695.0 per 10 grams, up by 0.26%, after opening at Rs. 20,639.00 against the previous close price of Rs. 20,641.00. It touched the intra-day high of Rs. 20,720 so far. (At 02:34 PM today).

At Multi Commodity Exchange (MCX), silver future for May contract is trading at Rs. 55,663.00 per kg, up by 0.90%, after opening at Rs. 55,187.00 against the previous close price of Rs. 55,165.00 per kg. It touched the intra-day high of Rs. 55,804.00 so far. (At 02:32 PM today).

Sunday, March 27, 2011

Intraday Tips For Commodity


GOLD TIPS : (APRIL - 2011) : Last it was show some selling pressure at higher level and unable to cross and sustained 21048 and finally made a low of 20715 and closed at 20839. Over all short term trend is down and fresh and sharp move only above 21000 level if crossover with volume. On the lower side strong support range 20700 , decisively break will invite some correction and may test 20500, thereafter over all selling in the market.

SILVER TIPS : (May - 2011) : High volatile counter, initially week it was made a low of 53246 but support were saw resulted high 56555 but unable to hold higher level due to profit booking and finally closed at 55455. Our trend is bullish and decline to buy side strategy to be adopted. Higher support watch 55000 as remain we can expected first target 56900. 58000-58300. Lower level support was 53615-55450 watch out. Above....... Bull favour and hold long position.
Trend Decider of this week is 55085.

LEAD TIPS (MARCH) : Last week strong show this commodity and made a high of 123.95 and low was made at 119.25 and finally closed at 121.35. Over all trend is bullish and decline to buy side. Short term support is 119 watch out.
Trend Decider of this week : 121.50

NICKEL TIPS (March) : Over all trend is bullish but higher level some profit booking can not be ruled out. Last week it was made a high of 1226 after low of 1182 and finally closed at 1217. In this week down side strong support 1200-12005 and decisively break will come down, higher level resistance 1234-1252 watch out.
Trend Decider of this week is : 1208.
COPPER TIPS (April) : Last week it was made a low of 426 and some buying were saw resulted made a high 442 but unable to close above that level. Over all long term trend is very bullish on weekly chart and any decline to buy side. In this week, we may consider strong support 435 and support is 431-420 range, whereas the resistance 445-452. 

ALUMINIUM TIPS  (MARCH-11) : Small trading range last week 117.55 but unable to sustained and closed above that resistance level. Down side support 115 watch out and resistance 117.50.. close above that level will move further
Trend Decider of this week : 116.25

NATURAL GAS  TIPS (MARCH) :Last week price gained more than 3% in NYMEX due emergency shutdown of Japanees Nuclear plant due to earthquake to increase demand for liquid Natural Gas by the world biggest LNG consumer. As per report released by the US Energy Department Natural Gas declined 71 billion cubic feet.
As last week we have written in this column that after a Japan crises, renewal energy is a main source of JAPAN and Natural Gas will be the first priority. Be remember that we gone long above 180 and finally it was made a high last week 204 after a low of 191 and finally closed at 203.40. In this week, we may consider support 199 and support 190, resistance 210. 

 CRUDE OIL TIPS  (MARCH -11) :Higher volatility..... Last week it was made a high 4797 and low was 4626 and finally managed to hold 4700 level and closed at 4744. Now we may consider support 4650 and resistance 4800, crossover and stay with volume sharp move and first target 4900, thereafter ore up side.

Monday, March 21, 2011

Free Trial Tips For Commodity


Gold for April future surged as much as 0.96% to $1,429.7 per ounce on the Commodity Exchange (COMEX) in electronic trading on the back of mounting violence in Libya after the U.S, U.K., Italy and France’ forces launched a military campaign against the Muammar Qaddafi’s air force, boosted the demand for precious metals as a protection of wealth. While, investors are also monitoring the unfolding nuclear crisis in Japan.

At Multi Commodity Exchange (MCX), Gold future for April contract is trading at Rs. 20967.00 per 10 grams, up by 0.57%, after opening at Rs. 20,879.00 against the previous close price of Rs. 20,848.00. It touched the intra-day high of Rs. 20993.00 till the trading. (At 11:15 AM today).

Silver for May contract, at MCX, is trading at Rs. 53,774.00 per kg, up by 1.25%, after opening at Rs. 53245.00 against the previous close price of Rs. 53111.00. It touched the intra-day high of Rs. 53951.00 till the trading. (At 11:15 AM today).

At Multi Commodity Exchange (MCX), crude oil future for March contract is trading at Rs. 4635.00 per barrel, up by 1.56%, after opening at Rs. 4572.00 against the previous close price of Rs. 4564.00. It touched the intra-day high of Rs. 4642.00 till the trading. (At 11:16 AM today).

Copper futures declined in the domestic market on the back of following weak global cues. April future dropped as much as 0.51% to Rs. 433.10 per kg on the Multi Commodity Exchange (MCX) today as China increased the Cash Reserve Requirements last week in order to curb inflation in the country, raised concern that demand for copper will slow in China, world’s largest base metal consumer nation. 

Reserve requirements will increase half a percentage point from March 25, the People’s Bank of China said on its website on Friday. Consumer price index (CPI) surged to 4.9% in February, according to the statistics bureau.

Copper for April contract, at MCX, is trading at Rs. 433.40 per kg (down by 0.42%) after opening at Rs. 434.90 against the previous close price of Rs. 435.35 with intra-day high of Rs. 435.35 till the trading. (At 11:20 AM today).

At Multi Commodity Exchange (MCX), natural gas future for March contract is trading at Rs. 189.40 per mmBtu, up by 0.91%, after opening at Rs. 188.90 against the previous close price of Rs. 187.70 per mmBtu. It touched the intra-day high of Rs. 189.80 till the trading. (At 11:21 AM today).

On 19th March 2011 (Saturday), the domestic commodity markets closed with a positive note. All the indexes, at MCX, closed in the positive zone compared to the previous close price. At MCX future, MCXCOMDEX closed at 3,492.44 (up by 0.41%), MCXMETAL closed at 4,437.72 (up by 0.25%), MCXAGRI closed at 2,828.48 (up by 0.50%) and MCXENERGY closed at 3,228.48 (up by 0.60%).

At NCDEX, Dhaanya, An agri-commodity index, closed at 1,136.90 (up by 1.01%).

Cardamom futures closed with positive note on Saturday in the domestic market. April futures surged as much as 1.78% to Rs. 1,148.80 per kg on the Multi Commodity Exchange (MCX) on the back of pick-up in spot demand, driven by domestic and export demand. Moreover, restricted arrivals from the major producing regions also kept the prices in positive zone.

At Multi Commodity Exchange (MCX), cardamom future for April contract closed at Rs. 1,137.20 per kg, up by 0.76%, after opening at Rs. 1,134.00 against the previous close price of Rs. 1,128.60. It touched the intra-day high of Rs. 1,148.80 with a business volume of 395 lots.

The top losers at MCX were Brent Crude oil for April contract (-3.87%), Wheat for April contract (-3.0%), Wheat for July contract (-2.86%), Crude oil for July contract (-0.38%) and Sugar MKOL for June contract (-0.35%).

Thursday, March 17, 2011

Free Tips Commodity

On 16th March 2011 (Wednesday), the domestic commodity markets closed with a positive note. Most of the indexes, at MCX, closed in the positive zone compared to the previous close price except MCXENERGY. Yesterday, at MCX future, MCXCOMDEX closed at 3,413.01 (up by 0.14%), MCXMETAL closed at 4,345.05 (up by 0.44%), MCXAGRI closed at 2,775.88 (up by 0.09%) and MCXENERGY closed at 3,140.83 (down by 0.23%).

Yesterday, precious metals closed with positive note in the domestic market as speculators started to take fresh long positions at the lower price level on the back of tracking global cues. Gold for April future surged as much as 0.99% to $1,406.6 per ounce on the Commodity Exchange (COMEX) on the back of mounting violence in Bahrain and aftermath of Japan’s earthquake, boosted the demand for precious metals as a safe haven investment.

At Multi Commodity Exchange (MCX), gold future for April contract closed at Rs. 20,652.00 per 10 grams, up by 0.22%, after opening at Rs. 20,636.00 against the previous close price of Rs. 20,605.00. It touched the intra-day high of Rs. 20,734.00 with a business volume of 31,960 lots.

At COMEX, gold future for April contract closed yesterday at $1,396.1 per ounce, up by $3.3, after opening at $1,394.8 against the previous close price of $1,392.8 per ounce. It touched the intra-day high of 1,406.6 with a business volume of 248,089 lots.

Silver for May contract, at MCX, closed at Rs. 52,203.00 per kg, up by 0.22%, after opening at Rs. 52,128.00 against the previous close price of Rs. 52,084.00. It touched the intra-day high of Rs. 52,925.00 with a business volume of 103,179 lots.

Yesterday, The top gainers at MCX were Silver Micro for June contract (3.49%), Cardamom for April contract (2.73%), Silver Micro for April contract (2.72%), Lead for May contract (2.59%) and Lead M for March contract (2.23%).

The top losers at MCX were Iron ore for April contract (-15.73%), Iron ore for March contract (-11.74%), Potato for April contract (-4.0%), Potato for May contract (-4.0%) and Potato for May contract (-3.85%).

The top gainers at NCDEX were Pepper for March contract (4.0%), Pepper for April contract (4.0%), Pepper for May contract (4.0%), Pepper for July contract (4.0%) and Pepper for June contract (4.0%).

The top losers at NCDEX were Potato for August contract (-4.0%), Potato for June contract (-4.0%), Potato for May contract (-3.99%), Potato for March contract (-3.99%) and Potato for July contract (-3.99%). 

Tuesday, March 15, 2011

Commodity Mcx Tips


The top gainers at MCX are Mentha oil for March contract (2.78%), Cardamom for March contract (1.89%), Chanadel for April contract (1.63%), Guar seed for April contract (1.55%) and Cardamom for April contract (1.25%). (At 05:18 PM today).

The top losers at MCX are Potato TRWR for April contract (-4.01%), Potato TRWR for May contract (-4.01%), Potato for May contract (-4.0%), Wheat for April contract (-4.0%) and Potato for April contract (-4.0%). (At 05:17 PM today).

The top gainers at NCDEX are Barley for March contract (3.0%), Barley for April contract (2.7%), Barley for May contract (2.2%), Maize for March contract (1.8%) and Castor seed for March contract (1.3%). (At 05:15 PM today).

The top losers at NCDEX are Potato for April contract (-4.0%), Potato for May contract (-4.0%), Potato for June contract (-4.0%), Potato for July contract (-4.0%) and Potato for August contract (-4.0%). (At 05:14 PM today).

Nickel futures are trading with negative note following weaker trend on the London Metal Exchange (LME). March future dropped as much as 1.74% to Rs. 1,153.10 per kg on the Multi Commodity Exchange (MCX), while three month delivery declined 1.3% to $25,486 a metric ton on the LME due to rising concern that demand for industrial metals in Japan, Asia’s biggest buyer of base metals, may reduce as plants shutdown due to power disruption after a massive earthquake struck in the country. A new explosion has occurred today at the Fukushima Dai-Ichi nuclear plant, a sign that the situation may be getting worst. Prime Minister Naoto Kan said the risk of further radiation leaks is increasing from the nuclear power plant at Fukushima.

Nickel future for March contract, at MCX, is trading at Rs. 1,156.70 per kg, down by 1.44%, after opening at Rs. 1,167.50 against the previous close price of Rs. 1,173.60. It touched the intra-day low of Rs. 1,153.10 per kg till the trading. (At 05:12 PM today).

At Multi Commodity Exchange (MCX), copper future for April contract is trading at Rs. 413.05 per kg, down by 1.68%, after opening at Rs. 418.10 against the previous close price of Rs. 420.10. It touched the intra-day low of Rs. 411.40 per kg till the trading. (At 05:10 PM today).

At Multi Commodity Exchange (MCX), natural gas future for March contract is trading at Rs. 180.60 per mmBtu, up by 0.95%, after opening at Rs. 178.60 against the previous close price of Rs. 178.90 per mmBtu. It touched the intra-day high of Rs. 180.90 till the trading. (At 05:09 PM today).

Crude oil futures prices are trading with negative note in the domestic market following weak global cues. April futures declined 3.34% to $97.81 per barrel on the New York Mercantile Exchange (NYMEX) today as oil processing factories and power plants remained shut down after a massive earthquake struck in Japan, boosted the concern that oil demand will decline in the world’s third largest oil consuming nation. Around 29% of refinery capacity have affected due to shutdown of oil processing plants, according to the data of Petroleum Association of Japan.

At Multi Commodity Exchange (MCX), crude oil future for March contract is trading at Rs. 4,444.00 per barrel, down by 2.20%, after opening at Rs. 4,530.00 against the previous close price of Rs. 4,544.00. It touched the intra-day low of Rs. 4,441.00 till the trading. (At 05:08 PM today).

Crude oil for April future, at NYMEX, is trading at $97.94 per barrel, down by $3.24, after opening at $101.86 against the previous close price of $101.19. It touched the intra-day low of $97.81 with a business volume of 57,256 lots till the electronic trading. (At 05:07 PM today).

At Multi Commodity Exchange (MCX), gold future for April contract is trading at Rs. 20,821.00 per 10 grams, down by 0.84%, after opening at Rs. 20,945.00 against the previous close price of Rs. 20,998.00. It touched the intra-day low of Rs. 20,808.00 till the trading. (At 05:6 PM today).

At COMEX, gold future for April contract is trading at $1,407.5 per ounce, down by $17.9, after opening at $1,428.9 against the previous close price of $1,424.9 per ounce. It touched the intra-day low of 1,405.1 with a business volume of 57,864 lots till the electronic trading. (At 05:05 PM today).

Silver for May contract, at MCX, is trading at Rs. 52,876.00 per kg, down by 2.03%, after opening at Rs. 53,802.00 against the previous close price of Rs. 53,974.00. It touched the intra-day low of Rs. 52,600.00 till the trading. (At 05:04 PM today).

Tuesday, March 8, 2011

Shyamadvisory


By Shyamadvisory at Multi Commodity Exchange (MCX), copper future for April contract is trading at Rs. 428.50 per kg, down by 1.23%, after opening at Rs. 432.55 against the previous close price of Rs. 433.85. It touched the intra-day low of Rs. 425.80 per kg till trading. (At 05:14 PM today).

While, copper future for April contract, at COMEX, is trading at $4.2670 a pound, down by 1.21%, after opening at $4.3385 a pound against the previous close price of $4.3195 a pound. It touched the intra-day low of $4.2495 till the electronic trading. (At 05:13 PM today).

At Multi Commodity Exchange (MCX), nickel future for March contract is trading at Rs. 1,197.50 per kg, down by 3.62%, after opening at Rs. 1,232.20 against the previous close price of Rs. 1,242.50. It touched the intra-day low of Rs. 1,187.70 per kg till trading. While, zinc for March contract is trading at 106.40 per kg, down by 1.98%, after opening at Rs. 108.55 against the previous close price of Rs. 108.55. It touched the intra-day low of Rs. 104.85 per kg till the trading. (At 05:10 PM today).

At Multi Commodity Exchange (MCX), natural gas future for March contract is trading at Rs. 178.30 per mmBtu, up by 1.71%, after opening at Rs. 176.00 against the previous close price of Rs. 175.30 per mmBtu. It touched the intra-day high of Rs. 178.40 till the trading. (At 05:09 PM today).

Crude oil futures are trading with negative note in the domestic market as members of Organization of Shyamadvisory (SA) are holding informal discussions on possibility of boosting oil output, easing concern that oil supply may shortage due to persisting unrest in Libya.

At Multi Commodity Exchange (MCX), crude oil future for March contract is trading at Rs. 4,762.00 per barrel, down by 0.15%, after opening at Rs. 4,752.00 against the previous close price of Rs. 4,769.00. It touched the intra-day low of Rs. 4,670.00 till the trading. (At 05:08 PM today).

Crude oil for April future, at NYMEX, is trading at $105.34 per barrel, down by 10 cents, after opening at $104.85 against the previous close price of $105.44. It touched the intra-day low of $103.33 with a business volume of 43,568 lots till the electronic trading. (At 05:07 PM today).

At Multi Commodity Exchange (MCX), gold future for April contract is trading at Rs. 21,147.00 per 10 grams, up by 0.09%, after opening at Rs. 21,097.00 against the previous close price of Rs. 21,129.00. It touched the intra-day high of Rs. 21,175.00 till the trading. (At 05:06 PM today).

At Multi Commodity Exchange (MCX), silver future for May contract is trading at Rs. 54,460.00 per kg, up by 1.08%, after opening at Rs. 53,701.00 against the previous close price of Rs. 53,878.00 per kg. It touched the intra-day high of Rs. 54,600.00 till the trading. (At 05:04 PM today).

Gold Tips  : At upper level profit booking was very much expected in this counter and so its started its southward journey. Its approaching its 20 DEMA of 20862 where it will take support and on the back of negative global cues, again bounce back from there. Below 20650, no need to be long and be short for target of 19770. 

Copper Tips : Copper may bounce back from its current level till 454. Downside its taken strong support near 425. 

Zinc Tips : Zinc smartly recovered from its lower level and took strong support near 105. We expect that a bounce back may be seen in this counter till 110-112. 

Natural Gas Tips : NG may recover from its lower level any time. Short covering is very much expected in this counter. A pull back rally cannot ruled out for TGT of 192.

Sunday, March 6, 2011

Commodity Free Trial Tips


Currently, Domestic commodities markets are trading with positive note. All the indices are showing upward trend on Multi Commodity Exchange (MCX). At MCX futures, MCXCOMDEX is trading at 3,529.29 (up by 0.94%), MCXMETAL is trading at 4,483.28 (up by 0.64%), MCXENERGY is trading at 3,241.51 (up by 1.64%), and MCXAGRI is trading at 2,902.75 (up by 0.35%). (At 02:55 PM today).

At NCDEX, the Dhaanya, an agri commodity index, is currently trading at 1,130.72, down by 0.04% (At 02:53 AM today).

On the domestic market, Potato futures declined in the domestic market today due to weaker demand in the spot market. March contract declined by Rs. 15.0, or 2.13%, to Rs. 693.30 per 100 kgs on Multi Commodity Exchange (MCX) due to increased arrivals from the producing regions in the spot market. Moreover, sluggish demand in the spot market also kept the prices in the negative zone today.

At Multi commodity Exchange (MCX), potato future for March contract is trading at Rs. 694.40 per 100 kgs, down by 1.98%, after opening at Rs. 708.00 against the previous close price of Rs. 708.40. It touched the intra-day low of Rs. 693.30 till the trading. (At 02:52 PM today).

The top gainers at MCX are Crude oil for March contract (2.02%), Crude oil for April contract (1.97%), Crude oil for August contract (1.80%), Crude oil for May contract (1.80%) and Crude oil for June contract (1.50%). (At 02:46 PM today).

The top losers at MCX are Potato for May contract (-3.68%), Heating oil for May contract (-3.13%), Potato for April contract (-3.00%), Potato TRWR for May contract (-2.99%) and Iron ore for April contract (-2.84%). (At 02:45 PM today).

The top gainers at NCDEX are Light sweet crude oil for March contract (2.00%), Refined soya oil for May contract (1.2%), Refined soya oil for June contract (1.2%), Turmeric for April contract (1.2%) and Copper cathode for April contract (1.00%). (At 02:42 PM today).

The top losers at NCDEX are Potato for April contract (-4.00%), Potato for May contract (-3.3%), Potato for July contract (-4.00%), Potato for August contract (-4.00%) and Potato for September contract (-4.00%). (At 02:41 PM today).

As a result of restricted arrivals from major producing region, refined soya oil futures surged in the domestic market today. March future rose as much as 0.83% to Rs. 637.55 per 10 kg on the Multi Commodity Exchange (MCX) due to supply concern, and pick-up in spot demand due to marriage season.

At Multi Commodity Exchange (MCX), refined soya oil for March contract is trading at Rs. 636.65 per 10 kg, up by 0.69%, after opening at Rs. 634.10 against the previous close price of Rs. 632.30. It touched the intra-day high of 637.55 till the trading. (At 02:38 PM today).

Copper for April contract, at MCX, is trading at Rs. 453.10 per kg (up by 0.96%) after opening at Rs. 449.80 against the previous close price of Rs. 448.80 with intra-day high of Rs. 453.15 till the trading. (At 02:37 PM today).

At Multi Commodity Exchange (MCX), nickel future for March contract is trading at Rs. 1,311.00 per kg, up by 0.99%, after opening at Rs. 1,301.00 against the previous close price of Rs. 1,298.50 per kg. It touched the intra-day high of Rs. 1,312.00 till the trading. (At 02:35 PM today).

Crude oil futures prices advanced today, after falling 1.17% in previous session, in the domestic market due to tracking firm global cues. March future surged by Rs. 105, or 2.31%, to Rs. 4,650.00 per barrel on the Multi Commodity Exchange (MCX) as speculators started to take fresh long position in hoping that political tensions may spread to Iran and Oman, boosting concern of oil supply disruption.

Crude oil for April contract climbed as much as 1.09% to $103.03 per barrel in the New York today as turmoil in Libya renewed after opposition leaders in Libya rejected a mediation offer by Venezuelan President Hugo Chavez and prepared to push toward Qaddafi’s stronghold. On Thursday, crude oil dropped 32 cents to $101.91.4 per ounce after Libya received mediation Offer from Venezuela in order to resolve the political tensions in the country.

Moreover, signs of U.S. economic recovery also boosted the demand outlook for oil in the country, as the Department of Labor showed yesterday that U.S. initial jobless claims fell substantial by 23,000 to 368,000 in the week ended February 26, 2011 as compared to previous figure of 391,000.

At Multi Commodity Exchange (MCX), crude oil future for March contract is trading at Rs. 4,635.00 per barrel, up by 1.98%, after opening at Rs. 4,543.00 against the previous close price of Rs. 4,545.00. It touched the intra-day high of Rs. 4,650.00 till the trading. (At 02:33 PM today).

Crude oil for April future, at NYMEX, is trading at $102.77 per barrel, up by 86 cents, after opening at $101.70 against the previous close price of $101.91. It touched the intra-day high of $103.03 with a business volume of 15,477 lots till the electronic trading. (At 02:30 PM today).

Gold futures are trading with positive note, after falling 1.38% in the previous session, in the domestic market today as unrest in the Middle East boosted the demand for precious metal as a protection of wealth. Opposition leaders in Libya rejected a mediation offer by Venezuelan President Hugo Chavez and prepared to push toward Qaddafi’s stronghold, boosting concern of spreading political tensions in other part of Middle East.

At Multi Commodity Exchange (MCX), gold future for April contract is trading at Rs. 20,892.00 per 10 grams, up by 0.16%, after opening at Rs. 20,875.00 against the previous close price of Rs. 20,858.00. It touched the intra-day high of Rs. 20,918.00 till the trading. (At 02:29 PM today).

At COMEX, gold future for April contract is trading at $1,418.3 per ounce, up by $1.9, after opening at $1,415.7 against the previous close price of $1,416.4 per ounce. It touched the intra-day high of 1,420.3 with a business volume of 17,015 lots till the electronic trading. (At 02:27 PM today).

At Multi Commodity Exchange (MCX), silver future for March contract is trading at Rs. 50,600.00 per kg, up by 0.68%, after opening at Rs. 50,477.00 against the previous close price of Rs. 50,258.00 per kg. It touched the intra-day high of Rs. 50,600.00 till the trading. (At 02:26 PM today).

On the international front, European Central Bank (ECB) President Trichet said yesterday that the ECB may increase interest rate in April in order to control rising inflation pressures in the country. While, Federal Reserve Bank’s Chairman Ben has indicated the he will maintain the previous measures to finish $600 billion of Treasury purchase through June.

Thursday, March 3, 2011

Best Trading Tips For Commodity


Currently, Domestic commodities markets are trading with positive note. All the indices are showing upward trend on Multi Commodity Exchange (commodity). At commodity futures, commodity comdex is trading at 3,531.61 (up by 0.30%), commmodity metal is trading at 4,495.85 (up by 0.17%),  commodity energy  is trading at 3,240.48 (up by 0.47%), and commodity agri is trading at 2,892.79 (up by 0.23%). (At 11:28 AM today).

At NCDEX, the Dhaanya, an agri commodity index, is currently trading at 1,146.78, down by 0.08% (At 11:26 AM today).

On the domestic market, gold futures are trading with steady note from their record high today on the back of tracking weak global cues. April future fell as much as 0.41% to $1,431.8 per ounce on the COMEX today as investors are watching for indications of tightening the monetary policy at European Central Bank (ECB) meeting later in the day. However, spreading political tensions in Middle East and North Africa nations remained bullish factor for the precious metal.

At Multi Commodity Exchange (commodity), gold future for April contract is trading with flat note at Rs. 21,159.00 per 10 grams, up by 0.03%, after opening at Rs. 21,111.00 against the previous close price of Rs. 21,152.00. It touched the intra-day low of Rs. 21,051.00 till the trading. (At 11:25 AM today).

At COMEX, gold future for April contract is trading at $1,436.0 per ounce, down by $1.7, after opening at $1,436.5 against the previous close price of $1,437.7 per ounce. It touched the intra-day low of 1,431.8 with a business volume of 5,999 lots till the electronic trading. (At 11:24 AM today).

At Multi Commodity Exchange (commodity), silver future for March contract is trading at Rs. 51,225.00 per kg, up by 0.39%, after opening at Rs. 50,651.00 against the previous close price of Rs. 51,026.00 per kg. It touched the intra-day high of Rs. 51,445.00 till the trading. (At 11:22 AM today).

The top gainers at MCX are Potato TRWR for April contract (1.83%), CPO for May contract (1.62%), CPO for April contract (1.53%), CPO for March contract (1.53%) and Lead for May contract (1.38%). (At 11:21 AM today).

The top losers at MCX are Iron ore for March contract (-3.83%), Iron ore for April contract (-3.35%), Cardamom for March contract (-2.21%), Cardamom for April contract (-2.14%) and Cardamom for May contract (-1.55%). (At 11:19 AM today).

The top gainers at NCDEX are Light sweet crude oil for April contract (1.6%), Pepper for May contract (1.6%), Pepper for June contract (1.6%), Pepper for July contract (1.6%) and Pepper for April contract (1.5%). (At 11:16 AM today).

The top losers at NCDEX are Potato for July contract (-3.00%), Jeera for March contract (-2.4%), Jeera for April contract (-2.4%), Jeera for May contract (-2.4%) and Castor seed for May contract (-2.1%). (At 11:14 AM today).

Mentha oil futures dropped today as much as 0.52% to Rs. 1,140.10 per kg on Multi Commodity Exchange (MCX). It declined in the domestic market due to profits booking by the speculators at existing levels with weakening in spot demand. Moreover, an increased arrival from the major producing regions also put a downward pressure on menthe oil prices.

At Multi Commodity Exchange (MCX), mentha oil future for March contract is trading at Rs. 1,144.20 per kg, down by 0.20%, after opening at Rs. 1,146.90 against the previous close price of Rs. 1,146.50. It touched the intra-day low of Rs. 1,140.10 till the trading. (At 11:10 AM today).


Copper for April contract, at MCX, is trading at Rs. 450.95 per kg (up by 0.37%) after opening at Rs. 449.10 against the previous close price of Rs. 449.30 with intra-day high of Rs. 451.65 till the trading. (At 11:08 AM today).

At Multi Commodity Exchange (MCX), natural gas future for March contract is trading at Rs. 172.60 per mmBtu, down by 0.35%, after opening at Rs. 173.20 against the previous close price of Rs. 173.20 per mmBtu. It touched the intra-day low of Rs. 172.30 till the trading. (At 11:07 AM today).

At Multi Commodity Exchange (MCX), crude oil future for March contract is trading at Rs. 4,633.00 per barrel, up by 1.16%, after opening at Rs. 4,584.00 against the previous close price of Rs. 4,581.00. It touched the intra-day high of Rs. 4,635.00 till the trading. (At 11:02 AM today).

At NYMEX, crude oil future for April contract is trading at $102.45 per barrel, up by 22 cents, after opening at $102.39 against the previous close price of $102.23 per barrel. It touched the intra-day high of $102.94 with a business volume of 7,680 lots till the electronic trading. (At 11:00 AM today).