Monday, October 31, 2011

MCX-NCDEX Commodity Market Updates & News Today

Today is the new week and day for trading after diwali vacation. From tomorrow next month will also started. Today all MCX Commodity Market products trading at lower prices. All products in MCX Commodity Market open with negative, only Naturalgas is trading positively. MCX Gold, Silver, Copper, Crude are trading at lower prices today. MCX Gold prices can open with positive note. Base metals can witness some profit booking after the recent swift gains and can trade on volatile note. Crude oil futures may trade sideways with a negative bias.

NCDEX Agri Commodity Market Updates Today:-
Pepper futures to trade lower for the day. Pepper futures may see more downside in today`s session tracking weak spot markets. Cardamom futures may trade bearish owing to arrival pressure and ongoing harvesting season. Guar Complex is expected to trade lower for the day. Guar seed futures touching 4,600 levels may witness some profit booking. Outlook for Soybean is seen down for the day. Outlook for Chana is sideways to up for the day. Outlook for Jeera is sideways to down for the day.

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