Thursday, 11 April 2013

Today Commodity Market Updates |Mcx and Ncdex Calls

On 11th April Commodity Mcx market whole day looks bearish side, and all base metals, Gold and Silver all are traded at negative side. So in other word or in short we can say, today commodity market trend is in earth side.

Today Commodity Market seeing very unpredictable side, whole day all base metals in Mcx Market and both precious Metals moves down and Mid of the day only Mentha oil stands with optimistic position. Gold and silver both stay with pessimistic side and traded in negative side in Commodity Mcx Market. We can say today Mcx market situation is in high alert, because all commodity face down price position.
Commodities in Ncdex market is seasonal, we all know wedding season is come and some commodities are in demand now and traded very well. Turmeric is in bullish side and in all contracts lead good but Chana and chili both are traded in bearish side and walk at red carpet in National Commodity derivative Exchange.

Mcx and Ncdex Calls:

Sell Cotton below 19000 Targets 18990, 18985, 18970 Stop Loss 19020

Sell Chana below 3540 Targets 3510, 3480, 3450 Stop loss 3590


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