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.