Commodity Calls on Sep 9th
Mcx Ncdex Commodity Trading Tips
SELL GUAR OCT BELOW 2090 SL 2112 TGT 2072-2056-2030.NCDEX
Mcx Ncdex Commodity Trading Tips
SELL GUAR OCT BELOW 2090 SL 2112 TGT 2072-2056-2030.NCDEX
Gold prices traded in a narrow range on lack of triggers as the US market was shut for Labor Day. Trading volumes are low and prices are sluggish as the US market is closed due to Labor Day holiday. Strong US manufacturing and non-farm payroll data last week had dulled gold`s safe-haven appeal. Expectations of a rise in physical demand from India, the world`s largest consumer, during the festival season are supporting prices. India is seen importing 504.5 tons of gold in 2010, up from the last year`s 480 tons. In spot gold looks to have a support at USD 1,238 and resistance at USD 1,258, said Ajay Kedia, managing director, Kedia Commodities.
Sell Crude MCX Sept future at Rs3465 for a traget price of Rs3434/3421 and stop loss at Rs3499
BLACK PEPPER: Sell at open market stop above Rs20100 target- Rs19500-Rs19200 ranges.
Market review
Major spices on NCDEX settled lower Saturday on long liquidation. Spices futures influenced by the bearish sentiment and market dropped by the weekend
Market review
Spice complex on NCDEX ended mixed with pepper, and turmeric futures dropped, while jeera traded up on value buying after declining Wednesday.
Market review
The spice complex on National Commodity and Derivatives Exchange closed weak yesterday with pepper, jeera, and turmeric contracts hitting the initial lower price limit intraday.