Friday, September 9, 2011

MCX & NCDEX Commodity Market Updates Today

Spot Gold is currently trading at $1862. MCX Gold October is  currently trading at Rs. 28255, it is up by Rs. 453 for the day. Silver spot market is  currently trading at $42.63. MCX Silver Dec contract is currently trading at  Rs. 66111, it is marginally up by Rs. 514 for the day. Crude Oil for October delivery lost 29 cents, to end at $89.05 a barrel on the New York Mercantile Exchange. MCX Crude Oil Sep contract is currently trading  at Rs. 4137 for the day. All Base Metals in MCX are trading flat for the day.
MCX Copper may note some decline tracking international markets, however the downside remains capped. Support for November copper is seen at Rs.418 while Resistance is seen at Rs.429.
MCX Aluminum may note some decline tracking copper prices. Support for Aluminum September contract is seen at Rs.110 while resistance of Rs.113.5.
MCX Zinc may note some decline tracking copper prices. Support for MCX Zinc September contract is seen at Rs.102 while Resistance is seen at Rs.105.
MCX Nickel may note some decline tracking international markets, the downside however remains capped. Support for MCX Nickel September contract is seen at Rs.980 while resistance is seen at Rs.1,025.
MCX Lead may note some decline tracking copper prices. Support for MCX Lead September contract is seen at Rs.112 while Resistance is seen at Rs.117.

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