Showing posts with label Bullions tips. Show all posts
Showing posts with label Bullions tips. Show all posts

Thursday 3 March 2016

Commodity Market Updates Report, 3-3-16

Market Updates


Refined soya oil prices rised up by 0.22% to Rs 599.55 per 10 kg in futures market today.

At NCDEX, Refined Soya oil for delivery in Mar rose high by 0.22% or Rs. 1.30, and reached Rs 599.55 per 10 kg with an open interest of 31,030 lots.


Daily Market Updates:



S.No
Commodity
Contract
Support
Resistance
Recommendation
1
Nickel MCX
Mar-16
585.90
597.10
Sell @ 595-596, TP 580, SL 605
2
Copper MCX
Apr-16
326.60
329.30
Trading Range 325-331
3
Zinc MCX
Mar-16
121.8
122.9
Sell @122.80-122.90 TP 121.20 SL 123.80
4
Soyabean NCDEX
Mar-16
3577
3636
Sell @ 3625-3630 TP 3570 SL 3660
5
Soyabean CBOT
Mar-16
858
864
Sell @ 864, TP 857, SL 867
6
Maize NCDEX
Mar-16
1431
1450
Buy @1430-1428, TP 1460 SL 1410
7
Cotton MCX
Mar-16
15828
15939
Sell @ 15950-15960 TP 15800 SL 16020
8
Kapas NCDEX
Apr-16
780
787
Sell @ 788-789 TP 765 SL 800
9
Gold Comex
Apr-16
1232.8
1247.3
Sell @ 1243-1244 TP 1228 SL 1251
10
Gold MCX
Apr-16
29198
29428
Sell @ 29490-29500 TP 29100 SL 29640

Tuesday 23 February 2016

Commodity Market updates today, on 23-2-2016


India's overseas gold purchases are likely to fall to 25 tonnes in February.

In 2013, India imposed a record by taking high duty of 10% on gold imports. However, the duty only helped the return of smugglers.
 

India's Gold imports are likely to reduce to over 2 year low in Feb. Industry experts told that surge in prices and hopes of import tax cuts are what keep the buyers away.

According to the estimation that India's overseas gold purchases are likely to fall to 25 tonnes in February. The news is positive for the Narendra Modi government as the imports cost the country $36 billion in 2015.

Daily Market Report:


S.No
Commodity
Contract
Support
Resistance
Recommendation
1
Cardamom MCX
Mar-16
669
682
Sell @ 680-681, TP 660, SL 691
2
Sugar ICE
Mar-16
12.49
12.74
Sell @ 12.75-12.80, TP 12.30, SL 13.15
3
Sugar NCDEX
Mar-16
3068
3100
Sell @ 3100-3105, TP 3050, SL 3130
4
Soyabean NCDEX
Mar-16
3708
3775
Sell @ 3765-3770, TP @ 876, SL @ 885
5
Soyabean CBOT
Mar-16
882
888
Sell @ 882, TP 876, SL 885
6
Maize NCDEX
Mar-16
1356
1360
Sell @ 1363-1364, TP 1340, SL 1372
7
Cotton MCX
Feb-16
16238
16319
Sell @ 16310-16320, TP 16100, SL 16420
8
Kapas NCDEX
Apr-16
772
777
Sell @ 780-781, TP 765, SL 786

Wednesday 10 February 2016

Bullion Market today on 10 February 2016



Gold prices on Tuesday traded at a one-and-a-half-year high in Mumbai’s spot market following a sharp recovery in international markets. However, buyers were absent within the market and costs were to be quoted at a huge discount to the cost of imports.

In Zaveri Bazar, gold price for 995 purity opened on Tuesday at Rs 28,205 for 10 gram, that is the highest after june 2014, against Monday’s closing price of Rs 27,775. On Tuesday, it closed at Rs 27,995, that is additionally highest once Jan 31, 2015. In international markets, gold touched $1,200 an ounce on Monday, which corrected to $1,188 on Tuesday.

At a level of Rs 28,000, “buyers aren't seen within the market despite price is quoted at $18-20 (per ounce) discount to cost of import,” said Ketan Shroff, director, Penta Gold. This interprets into a discount of Rs 400 for 10 gram. He added that supply of scrap gold increased in the market.

According to traders, those holding gold, which was imported earlier, are selling it at whatever value available. In January, 70 tonnes of gold was imported, compared to 100 tonnes every in November and December 2015.