Wednesday, 28 December 2011

MCX NCDEX TREND TODAY|COMMODITY INTRADAY TIPS 28 DEC

MCX NCDEX TIPS TODAY:- (MCX), COMDEX opened on a positive zone after a rise of 7.48 points, or 0.20% on Tuesday. It is currently trading higher.
Bullions: Gold is expected to witness some selling pressure at current levels. Comex February gold futures returned from an extended Christmas break to post small losses during the US day-trading session Tuesday.Gold can test 27,500 while silver 52,000 in near term.
Base Metals: Base metals may trade sideways with weak bias. Shanghai copper edged down on Tuesday, after dropping more than 1% in the previous session in its biggest one-day decline in a week, while investors kept an eye on US data for clues on the health of the world`s largest economy.
AGRI TIPS|NCDEX TODAY:-Spices: The upside in chilli futures may remain capped. Exporters were reported inactive in the domestic market; they don`t get any new export enquiries.
Guar complex may continue to see some downside. NCDEX has imposed further Special Margin of 10% on the Long side will be imposed on all running contracts and yet to be launched contracts.
Oilseeds: Domestic oilseeds may trade sideways with a positive bias tracking firm international prices & higher quoting spot markets.

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