MCX tips For today,bullion trend,ncdex agri tips,live mcx tips,Base metal trend
Commodity market :- Commodity market open at negative note in today's trading session.
MCX Gold Trend :- Gold futures prices fell 0.59 per cent to Rs 29,497 per 10 grams as speculators reduced their positions, tracking a weakening trend overseas.The yellow metal in the Comex division of the New York Mercantile Exchange was at $1,570 a troy ounce at 9 am on Friday against yesterday’s close of $1,585 troy ounce.
Aluminium Trend :- At LME, Aluminium ended flat at 1986 per tonne Thursday.Aluminium will finding strong support at Rs. 108 per kg and Rs. 107.5 per kg and resistance at Rs. 109.2 per kg and Rs. 109.5 per kg on Friday, 8th June.
MCX Lead trend :- Battery material Lead for delivery in June 2012 snapped earlier gains and shed by 0.2% or Rs. 0.2 at Rs. 105.85 per kg with its intraday high at Rs. 106.65 per kg and low at Rs.105.15 per kg on yesterday.Today MCX Lead is likely to find support at Rs. 105.3 per kg and Rs. 104.9 per kg and resistance at Rs. 106.6 per kg and Rs. 107.4 per kg.
Crude Oil trend :- Crude oil futures tumbled below $83 a barrel with cut in the interest rates by china making the oil traders more concerned about demand.MCX June crude may open today's session below Rs. 4700 with support around Rs.4640 , Rs. 4600 and Rs. 4540 levels.
Cardamom trend today : Cardamom prices are projected to extend the down trend on reports of monsoon arrivals are raising hopes
for good crop. However, a small recovery on short covering can be expected during early trading hours which might
create further selling opportunity in prices.
MCX Tips For Today 8 June :- Silver prices rise in till Rs 55,600-55,700 per kilogram should be used as selling opportunities with a stop loss to be placed at Rs 56,300 per kilogram for the downside target of Rs 54,700 per kilogram and below that Rs 54,300 per kilogram.
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