
The impact of slowdown in international markets, domestic
markets are being witnessed in the gold and silver. Naimaks linger on the crude
oil on the MCX, crude has weakened. Domestic market in base metals seems much
pressure.
And flat gold on MCX is trading at Rs 30 240.
Light fall flat and silver is trading at Rs 54 430. 0.25 per cent on MCX crude
oil has come down to Rs 4740. On
mcx live base metals have declined by 0.25 per
cent.
NCDEX red pepper 1 per cent is trading at Rs 4930
with weakness. AUGUST wheat futures dropped 0.5 per cent to Rs 1,180 has. AUGUST
soybean futures on the NCDEX with 2.5 per cent is trading at Rs 3,670. Castor
seed is also up 2.5 per cent to Rs 3,435 and Rs 1,250 potato and close to the
September futures rose 3 percent.
The most important commodity in the market today
will keep an eye on crude oil. Move crude oil in the domestic market is very
dull looking. The selling pressure is clearly seen. The Federal Reserve's
meeting next decision will depend on the crude oil to move forward. July crude
oil futures on the Naimaks's expiry date, the August futures is trading below
84 dollars a barrel.
Seen on MCX gold is still pressure situations.
Although prices are still at Rs 30,200. The silver light is down at Rs 54 453.
Decline in the international market in gold, while silver has seen a slight
edge.
Even the trick of base metals in the domestic
market is very dull looking. Metals are trading with all the red marks. Zinc
and copper are seeing the highest 0.30 per cent.
NCDEX October and November soybean futures are
trading with 3-3.5 per cent. The potato futures in September, has seen the
strength of 3 per cent. In addition, barley August and September futures have
been bouncing the 3-4 per cent. The new wheat in July, August and October
futures lost 1-2 per cent.
Learn what the revenue opportunity in commodities -
Gold (MCX): Buy Rs -30.100, stoploss
of Rs Rs -30 000, -30 375 target Rs
Silver (July futures) MCX: Sell Rs
-54 700, -55 000 stoploss of Rs Rs Rs -54 000 goals
Copper (June futures) MCX: Sell RS
-424, -426 stoploss of Rs Rs Rs goals -420
Nickel (MCX): Buy RS -951, -940
stoploss of Rs Rs Rs goals -965
Copper (June futures) MCX: Sell RS
-424, -426 stoploss of Rs Rs Rs goals -420
Soybeans (November futures) NCDEX:
Buy Rs -3 615, -3 630 stoploss of Rs Rs Rs -3 710 goals
Soy oil (July futures) NCDEX: Buy Rs
-737.95, -747 stoploss of Rs Rs Rs goals -758
Strengthening of the rupee against the dollar in
the domestic market, gold has been steadily on the brakes. Intra-day gold had
dropped to about 250 bucks. But the fall in rupee has been reduced down to sleep.
Currently, 0.3 percent lower on MCX gold is trading at Rs 29 890. Silver on MCX
is 0.5 per cent fall to Rs 52 615.
MCX base metals but is now down deeper. MCX
Nickel and lead to a decline of 1 per cent. The Copper, aluminum and zinc are
seeing the weakness of nearly 1 per cent.