Real Time Web Analytics

Live Commodity Market Chart


Monday, 20 May 2013

COMMODITY MARKET NEWS AND COMMODITY TIPS


Trading tips for crude, silver & copper

Ram Pitre of Anand Rathi Commodities recommends selling crude between Rs 5,360 per barrel and Rs 5,370 per bbl with stop loss of Rs 5,400 per bbl for target price of Rs 5,250 per bbl.

Visit our website for more details
www.theequicom.com or call us at 09200009266.

FILL FREE TO CONTACT US.

Remain bearish on gold & silver


In an interview to CNBC-TV18, Kishore Narne, Associate Director, Head - Commodity & Currency of Motilal Oswal Commodity Broker spoke about his outlook for the commodities market.



Q: Last time gold fell. There was a big queue to buy gold from the domestic crowd, this time do you see a similar trend or would you advocate some bearishness on trading gold?

A: I remain bearish on gold for this entire year probably much lower targets from here. But last time also before Akshaya Tritiya basically once the fall came in, in the first fall typically investors or buyers tend to buy because there is a lot of accumulated money, which has been there waiting on the sidelines for a dip to buy. So most of this buying has been jacked up into a couple of weeks at that point of time.

After the consolidation, now we are seeing the second round of selling coming up. Normally people do not come back to the markets because the sentiments are now dampening in the domestic markets as well. I think now people will wait because most of these accumulated buying has already done.

So, at this point of time, I still believe that probably we will have very lackluster buying at this point of time in the physical markets. Also the RBI controls will discourage physical buying from the jewelers at least from the bankers. That also would be suppressed. I would remain bearish on goldfor at least next three-four months.

Q: What about silver which has started the day 4 percent lower today, how do you see the rest of the day panning out?

A: Silver has not been falling over the last couple of weeks especially it has been outperforming gold. Gold has been weaker than silver and now it is technical breakdown that happened. Overnight there have been significant positional liquidation in overseas markets. I still remain bearish on silver. Probably, I am looking at targets close to Rs 38,000 per kilogram or slightly below that also for the next three months or so. It remains bearish. Maybe today it opens gap down but any rally should be used to sell.

WE CHANGE YOUR TRADING EXPERIENCE

Take our quality services in free trial

MCX Silvermic June contract slips 4%


Silvermic prices on MCX slipped. At 11:23 hrs MCX SILVERMIC June contract was trading at Rs 40940 down Rs 1730, or 4.05 percent. The SILVERMIC rate touched an intraday high of Rs 42650 and an intraday low of Rs 40766. So far 36412 contracts have been traded. SILVERMIC prices have moved down Rs 24561, or 37.50 percent in the June series so far.


MCX SILVERMIC August contract was trading at Rs 41495 down Rs 1720, or 3.98 percent. The SILVERMIC rate touched an intraday high of Rs 43130 and an intraday low of Rs 41000. So far 4313 contracts have been traded. SILVERMIC prices have moved down Rs 15706, or 27.46 percent in the August series so far.

MCX SILVERMIC November contract was trading at Rs 42464 down Rs 1615, or 3.66 percent. The SILVERMIC rate touched an intraday high of Rs 44000 and an intraday low of Rs 42005. So far 354 contracts have been traded. SILVERMIC prices have moved down Rs 3539, or 7.69 percent in the November series so far.


We are the leading advisory firm of stock and commodity market, we provide most accurate and limited but sure profitable calls to trade in market. Visit our website for more details
www.theequicom.com or call us at 09200009266.

GIVE US A CHANCE TO SERVE AND GET THE OPPORTUNITY TO EARN




SUBMIT THE FREE TRIAL FORM NOW



6 comments:

  1. Really nice information.keep blogging. commodity Tips

    ReplyDelete
  2. Way2profit blog offers stock market tips in cash, future tips, commodity mcx tips, commodity ncdex tips, nifty view, nifty trading intraday tips, option trading in stocks and nifty tips along with the live Indian stock market news, current affairs alert, nse price, bse price, mcx price and ncdex price.

    ReplyDelete
  3. Now a days,Commodity market conditions are very volatile and not favorable for safe investors. So traders advised to do trade with strict stoploss and follow advise of technical anlyst of advisory companies.
    Excellent money advisor provides profitable MCX tips and NCDEX tips.

    ReplyDelete
  4. Thanks for sharing this great piece of information. Do keep us update with some more great information.....

    Share Market News And Tips

    ReplyDelete
  5. Hey our blog is very good for new trader , I like this your most calls hit the target,I want more intraday commodity tips
    stock_tips
    nifty_tips
    commodities-tips

    ReplyDelete
  6. These days market is not showing favorable movements. Traders are advisable to trade with accurate stop loss to be on the safe side.
    epic research

    ReplyDelete

 
Stock Tips