Govt to launch direct transfer of fertilizer subsidy

New Delhi: The government has decided to launch direct benefit transfer (DBT) system for fertilizer subsidy payments, said Mansukh L. Mandaviya in the Lok Sabha on Tuesday.

Under the proposed system, 100 % subsidy on various fertilizer grades shall be released to the manufacturers and importers on the basis of actual sales made by the retailer to the beneficiaries, said the Minister of State (MoS) in the Ministry of Chemicals.

Initially, the modified subsidy procedure under DBT system will be introduced on pilot basis in 16 select districts and after its due stabilization, the new payment system would be rolled out in all states in the second phase. The proposed DBT will address the issues relating to diversion and smuggling of urea.

The proposed DBT for release of fertilizer subsidy to fertilizer companies has no direct link with landholding of the farmers. The fertilizers will be available to all on ‘no denial’ basis.

Continue reading →

Base Metals & Energy Updates For 25 May 2015

Mcx commodity tips: Copper prices plunged in the domestic market on Friday as a stronger dollar took the sheen off the industrial metal by curbing demand for copper as an alternative asset. Stronger greenback makes copper more expensive for those holding other currencies, thus hitting demand. Further, a drop in German business confidence in the month of May 2015 signaled a faltering recovery in Europe’s biggest economy, darkening the demand outlook for industrial metals. The gauge measuring German business sentiment fell for the first time in seven months, dropping to 108.5 in May from 108.6 in April, the Ifo Institute reported. Copper may extend a drop today as investors fret over a 2015 US interest rate hike after Fed Chair Janet Yellen termed a 2015 rate hike as “appropriate”. At the MCX, Copper futures for June 2015 contract closed at Rs 396.50 per 10 gram, down by 1.58 per cent after opening at Rs 402.60, against the last closing price of Rs 402.85. It touched the intra-day low of Rs 394.65 till the ending.

Zinc futures plunged more than 1 per cent in the domestic market on Friday as investors and speculators exited positions in the industrial metal amid weak physical demand for zinc in the domestic spot market. Investors cast aside data which showed a pickup in growth in the world’s second biggest economy, boding well for the demand outlook for zinc. The China leading index climbed 1.1 % in April from March, when it rose 0.5% the Conference Board said. However, the report warned that “despite April’s gain in the Leading Economic Index for China, its 6-month increase rate continues to slow. At the MCX, Zinc futures for May 2015 contract closed at Rs 138 per 1 kg, down by 1.22 per cent after opening at Rs 140.10, against the last closing price of Rs 139.70. It touched the intra-day low-lying of Rs 137.30 till the ending.

Continue reading →

Weekly MCX Gold, Silver, Copper, Crude, Natural Gas Commodity report

GOLD DROPS MORE THAN 1 PERCENT ON EURO ZONE DEBT HOPES.
CRUDE OIL ADVANCES A SECOND DAY IN LONDON ON EUROPEAN SUPPORT FOR GREECE.
COPPER RISES AFTER LEADERS REASSURE ON GREECE.
DOMESTIC OIL AND OILSEED TRADE LOW.

COMEX Gold is in an upward consolidation phase. In the coming week 1750$ will act as a major support in COMEX Gold and 1920$ will act as a major resistance.

STRATEGY
For the next week MCX Gold above 284000 it can test the level of 28200/28450/28700 and Below 27300 in MCX it can test the level of 27150/27000/26850. Trade by keeping the strict stop losses.

Major support in MCX Gold is 26500 and 25200
Major resistance in MCX Gold is 28700 and 29000

MARKET OVERVIEW
COMEX Silver is in a consolidation phase. In MCX Silver 68000 and 70000 will act as major resistance and 60000 and 58000 will act as major supports.

For the next week MCX Silver sustains above 63500 above it can test the level of 65700/66300/67000 and above 67500 it can test the level of 70500.

MARKET OVERVIEW
Copper is in a consolidation phase and traders should use the strategy of sell on higher levels. In MCX Copper sustains below 409 then it can test the level of 403/397 if it does not break the level of 416 on the upside.

MARKET OVERVIEW
NYMEX Crude is in consolidation phase. In MCX Crude Oil major resistance is found at 4300 and 4420 and major supports will be 3750 and 3550.

STRATEGY
For the next week MCX Crude sustains above 4100 then above 4250 it can test the level of 4320/4360/4390 in this week. Trade by keeping the proper stop loss.
For MCX Copper major resistance would be 422 and 430 and supports would be found at 400 and 385.

MARKET OVERVIEW
For MCX Natural Gas major resistance would be 194 and 205, supports would be found at 165 and 154.

free mcx trading tips, mcx tips, mcx gold tips, mcx silver tips, mcx commodity trading tips, free mcx tips, mcx ncdex commodity trading tips, live gold prices, live silver prices, free commodity tips, commodities tips on mobile, commodity prices, commodity trading tips, ncdex tips, ncdex commodity tips, commodity market tips, commodity tips on mobile, support and resistance of mcx commodity, commodity tips free, gold tips, silver tips

Continue reading →

MCX Commodity Market Updates and Trading Tips

Comex Gold (Oct)

Fundamental View: Gold prices moved higher registered new highs of USD 1,832/ounce.

Recommendation: Intraday Range between 1,836-1,890.

MCX Gold (Oct)

Recommendation: Intraday range can be 27,260 - 28,000.

Comex Silver (Sept)

Fundamental View: Silver prices rose further by 174 to Rs 60,642 per kg in futures trade today as market participants restocked the metal.

MCX Silver (Sept)

Recommendation: Buy at 61,750 target 62,400 stop loss 61,500. If silver is crossing the level of 62,500 then it will go up to 68,200.

MCX Copper (August)

Recommendation: Resistance at 404.70.Short at 402.50 target 397.50 stop loss 404.80. It is expected to go down till 377 within next two months.

Nymex Crude (Sept)

Fundamental View: US crude futures fell nearly 6% as a fresh batch of weak economic data from the United States hit investor confidence.

Recommendation: Short at 82.20 target 76.80 stop loss 84.50.

MCX Crude (August)

Recommendation: Short at 3,720 target 3,545 stop loss 3,790.

MCX Silver Tips, MCX Gold Tips, Silver Tips on Mobile, MCX Tips on Mobile, Free MCX Tips, Support and Resistance For today Commodities, Daily Commodity News Letter For Today, MCX Commodity Tips, Free Commodity Tips on Mobile, Gold Prediction, Silver Prediction For Today, MCX Gold Live Price, MCX Tips in India, Commodity Live Price, Current Price For Gold and Silver, MCX Bullion Tips, Bullion trading, Bullion Market News, Commodity News, MCX Levels, MCX tips For Today

Continue reading →

Hot News of MCX Commodity Market | MCX Trading Tips

Bullions trading is advised as some profit booking cannot be denied at present levels. Gold prices can test Rs. 23,400 while silver prices can test Rs. 61,000 in MCX in near term.

Base metals may remain sideways with positive path tracking positive opening in SHFE. Euro zone debt worries continue to pressurize the Copper prices. Aluminum prices are showing some support at current levels. 

Crude oil may trade on flat note tracking mixed overseas cues. Crude oil can trade in range of Rs. 4,200-4,300 in near term.

Gold prices rose further by 0.12% to Rs. 23,258 per 10 grams, in futures trade on Tuesday. The yellow metal for October delivery moved up by 30 rupees, or 0.10%, to Rs. 23,548 per 10 grams, with a turnover of 6 lots. 

• MCX Gold is currently trading up by Rs. 49 for the day at Rs. 23276. 
• MCX Silver Sep is trading at Rs. 60375, it is trading up by Rs. 502 for the day.
• MCX Crude Oil July is trading at Rs. 4345, it is trading up by 1% for the day.
• All Base Metals in MCX are trading positive for the day.

Continue reading →

FREE MCX Commodity (GOLD, COPPER, CRUDE) News Today

Spot gold steadied above $ 1,550 on Tuesday. Gold may remain in range of  Rs. 22,400-22,600 while silver may remain in range of Rs. 53,000-54,500. Copper and other base metals may tad lower and can see some profit booking. Zinc can tumble further lower and can test 101-102 in MCX. Crude oil may also trade in red tracking weak overseas cues. Crude prices can trade in range of Rs. 4,150-4,300 in near term. 

• Precious metals are trading higher on COMEX today. 
• Base metals are trading marginally lower on International bourses today. 
• Crude oil is trading lower on NYMEX today.
• MCX Gold August contract is currently trading at Rs. 22577, it rose by Rs. 105 in today's trade.
• MCX Silver July is trading at Rs. 53787, it is trading flat for the day. 
• MCX Crude Oil July is trading at Rs.  4206, it is trading down by Rs. 15 for the day.
• All Base Metals in MCX are trading flat for the day.

Continue reading →

Weekly MCX Commodity Market Report

All bullion contracts showed down trend. 

Gold August 11 contract was down 0.42% to Rs 22,480 per 10 grams. 

Silver July 11 contract was down by 4.50% to Rs 53,320 per kg.

All metals contracts showed down trend. 

Copper June 11 contract was up by 0.65% to Rs 408.25 per kg, 

Zinc August 11 contract was down by 3.49% to Rs 100.40 per kg, 

Nickel June 11 contract was down by 5.44% to Rs 979.30 per kg.

All energy contracts showed down trend. 

Crude oil June 11 contract was down 6.31% to Rs 4,260 a barrel,

Natural gas June 11 contract was down by 4.83% to Rs 198.80 per MMBTU.

All agri contracts showed mixed trend. 

Cardamom August 11 contract was up by 1.37% to Rs 857.40 per kg, 

Refsoyoil July 11 contract was down by 2.98% to Rs 630.45 per 10 kgs, 

Menthaoil June 11 contract was down by 4.43% to Rs 839.70 per kg.

Continue reading →

Daily MCX Commodity Market Report

Bullion:
Gold August 11 contract was up by 0.01% to Rs 22,710 per 10 grams. 

Silver July 11 contract was up by 1.08% to Rs 55,910 per kg.

Metals: 

Aluminium June 11 contract was up by 0.84% to Rs 119.20 per kg, 

Zinc August 11 contract was down by 0.67% to Rs 103.10 per kg, 

Copper August 11 contract was down by 0.38% to Rs 414.80 per kg.

Energy:
Natural gas August 11 contract was up by 0.86% to Rs 221.20 per MMBTU,

Crude Oil July 11 contract was down by 0.60% to Rs 4,464 per barrel.

Agri commodities: 

Cardamom July 11 contract was up by 0.49% to Rs 815 per kg, 

Menthaoil June 11 contract was up by 0.54% to Rs 885.80 per kg.

Gainers/ losers:
SilverMini August 11 contract was up by 1.10% to Rs 56,690 per kg,

Refsoyoil July 11 contract was down by 1.09% to Rs 650.25 per 10 kgs.

Continue reading →

Weekly MCX Commodity Market Report and Trading Tips

All bullion contracts showed down trend.  

Gold June 11 contract was down 0.31% to Rs 22,300 per 10 grams, 

Silver July 11 contract was down by 3.40% to Rs 54,620 per kg,

All metals contracts showed mixed trend. 

Aluminium July 11 contract was up by 1.59% to Rs 117.25 per kg, 

lead June 11 contract was down by 4.50% to Rs 108.75 per kg, 

copper June 11 contract was down by 1.53% to Rs 406.25 per kg, 

zinc June 11 contract was down by 2.67% to Rs 100.20 per kg, 

nickel June 11 contract was down by 2.10% to Rs 1025.50 per kg.

All energy contracts showed mixed trend. 

Natural gas June 11 contract was up by 8.68% to Rs 214.60 per MMBTU,

crude oil August 11 contract was down 1.35% to Rs 4604.00 per barrel.

All agri contracts showed mixed trend.  

refsoyoil June 11 contract was up by 0.87% to Rs 652.40 per 10 kgs, 

menthaoil June 11 contract was up by 0.50% to Rs 871.60 per kg,

cardamom June 11 contract was down by 14.28% to Rs 725.60 per kg.

Continue reading →

MCX Commodity market news and trading tips for today

GOLD GAINS FOR SECOND DAY AS US WORRIES MOUNT.
CRUDE OIL FIRMS AS DOLLAR FALLS, OPEC EYES TARGET HIKE.
COPPER DIPS ON GLOOMY US ECONOMIC OUTLOOK.
DOMESTIC OIL SEED AND EDIBLE OIL OFFER UP.

Gold eased but held in sight of four-week highs on  Thursday, supported by concern about the outlook for U.S. growth and the European debt crisis. Copper fell to its lowest in a week on Thursday after U.S. weekly jobless claims fell less than expected, heightening concerns about the world's biggest economy and outweighing a normally supportive weak dollar. Crude oil prices slipped in choppy trading on Thursday, reversing earlier gains, due to an unexpected jump in crude oil inventories in the United States.

Gold eased but held in sight of four-week highs on Thursday 

Copper falls to week low 

Copper inventories hit one-year high  

U.S. unemployment claims fell last week  

Crude Oil slips from earlier gain  

Continue reading →

MCX Commodity Market Report for June Month

The month of was May very dull for the investors as most of the asset classes gave negative returns in the equities or the commodities segment. 

Precious Metals witnessed heavy selling in first half of the month. Silver prices plunged more than 30% while gold plunged almost 7%, after exchanges raised margin requirements to curb speculation.  However, prices did recover in the second half on buying support to lower levels.
Base Metals the trend was again down, with liquidation seen in all the metals taking support from the fundamentals of supply-demand equation. Aluminum prices closed with negative m-o-m returns for the first time in 6-month, while the prices of Lead & Zinc remained under pressure due to high inventory levels. other metals Nickel was the worst performer with losses of more than 10%, due to seasonal change in demand from the stainless-steel sector.
Energy Segment both Crude Oil & Natural Gas prices closed in negative. Crude oil prices fell close to $95 per barrel from above $115 per barrel in just 6-days. Natural Gas prices too were down, but losses were limited by a seasonal decline in drilling rig counts.

In the month of June 2011, we expect prices of precious metals to trade positively with buying support expected at correction in Gold, while silver prices are expected consolidate initially and then later it is expected to take direction from market forces. In the base metals, we see some recovery in Nickel prices after last month's correction, Copper & Aluminum prices are expected to consolidate, zinc & Lead prices are likely to consolidate. Crude Oil prices are expected to consolidate and Natural Gas, any changes in weather conditions in parts of US.

Overall, we see a good buying opportunity ahead in the commodities segment.

Continue reading →

Weekly commodity market report and trading tips

All bullion contracts showed mixed trend.
Gold June 11 contract was up by 1.47% to Rs 22,050 per 10 grams,
GoldMini June 11 contract was up by 1.44% to Rs 22,060 per 10 grams.
Silver July 11 contract was down by 2.30% to Rs 54,018 per kg,
SilverMini June 11 contract was down by 2.30% to Rs 54,028 per kg.

All metals contracts showed mixed trend.
Zinc June 11 contract was up by 2.23% to Rs 98.25 per kg,
lead July 11 contract was down by 2.28% to Rs 102.35 per kg,
aluminium July 11 contract was down by 1.90% to Rs 118.35 per kg,
nickel July 11 contract was down by 0.72% to Rs 1,124.30 per kg,
copper June 11 contract was down by 0.70% to Rs 399.65 per kg.

All energy contracts showed down trend.
Natural gas July 11 contract was down by 3.37% to Rs 197.30 per MMBTU,
crude oil June 11 contract was down by 2.48% to Rs 4,523 per barrel.

All agri contracts showed mixed trend.
refsoyoil May 11 contract was up by 0.71% to Rs 617.20 per 10 kgs,
menthaoil May 11 contract was down by 5.66% to Rs 932.30 per kg,
cardamom May 11 contract was down by 5.27% to Rs 901.40 per kg.

Continue reading →

MCX Commomdity support and resistance levels for today 11 May 2011

GOLD MCX (JUNE)
R2: 22530
R1: 22250
S1: 21960
S2: 21675
Trend: Consolidate
Strategy: Buy on dips

SILVER MCX (JULY)
R2: 61450
R1: 59830
S1: 57400
S2: 55550
Trend: Consolidate
Strategy: Buy on dips

COPPER MCX (JUNE)
R2: 415
R1: 408
S1: 394
S2: 385
Trend: Consolidate
Strategy: Sell on high

CRUDE OIL MCX (MAY)

R2: 4740
R1: 4650
S1: 4560
S2: 4450
Trend: Consolidate
Strategy: Buy on dips

Continue reading →

MCX Commodity market news and trading tips

At the Multi Commodity Exchange (MCX), COMDEX belled on a positive note after a rise of 48.24 points, or 1.42% on Monday. It is currently trading higher by 2.28 points, or 0.07%, at 3,438.18 after opening at 3,438.03.

Other index like MCXMETAL is trading upward by 17.36 points, or 0.39%, at 4,490.96 after opening at 4,479.14. MCXAGRI is trading up 2.19 points, or 0.09%, at 2,507.36 after opening at 2,509.71. Meanwhile MCXENERGY is trading down by 12.52 points, or 0.39%, at 3,194.63 after opening at 3,189.25.

Silver is trading with strong showing today. Comacs the silver has risen above 37 dollars. Dollar weakness and once again faced with the problem of European debt investor interest in silver is returned. With declining crude oil is trading around $ 100.

Continue reading →

MCX Commodity Market Report and Trends for today 10 May 2011

GOLD MCX (JUNE)
R2: 22350
R1: 22160
S1: 21850
S2: 21630
Trend: Consolidate
Strategy: Buy on dips

SILVER MCX (JULY)

R2: 59450
R1: 57800
S1: 55830
S2: 54540
Trend: Consolidate
Strategy: Buy on dips

ALUMINIUM MCX (MAY)

R2: 120.30
R1: 117.30
S1: 115.40
S2: 112.30
Trend: Consolidate
Strategy: Sell on high

COPPER MCX (MAY)

R2: 415
R1: 405
S1: 395
S2: 385
Trend: Consolidate
Strategy: Sell on high

CRUDE OIL MCX (MAY)
R2: 4680
R1: 4585
S1: 4460
S2: 4370
Trend: Consolidate
Strategy: Buy on dips

Continue reading →

Weekly MCX Commodity Market Report and Trends 09 may - 14 may 2011

GOLD MCX
 R3              R2              R1                PP              S1                S2                 S3
24507.67  23313.67    22598.33     22119.67    21404.33      20925.67    19731.67

SILVER MCX
 R3              R2               R1             PP              S1                S2                 S3
97592.67  78462.67    4935.67     59332.67   47565.33      40202.67     21072.67

ALUMINIUM MCX
 R3               R2               R1            PP              S1                S2                 S3
137.73      128.08         122.37      118.43        112.72          108.78           99.13

COPPER MCX 
 R3               R2               R1             PP              S1                S2                 S3
467.48       436.53         418.17      405.58        387.22         418.97          343.68

LEAD MCX
 R3               R2               R1             PP              S1                S2                 S3
135.33       120.68         112.72      106.03        98.07           91.38            76.73

NICKEL MCX
 R3               R2               R1             PP              S1                S2                 S3
1417.27    1277.77      1194.13     1138.27     1054.63        998.77          859.27

ZINC MCX
 R3               R2               R1             PP              S1                S2                 S3
117.33       107.08        101.92       96.83          91.67           86.58            76.33

CRUDE OIL MCX
R3               R2               R1              PP              S1                S2                 S3
6333.33     5455.33       4935.67    4577.33     4057.67       3699.33       2821.33

NATURAL GAS MCX
R3                R2               R1              PP              S1                S2                 S3
241.30       219.50          206.00      197.70       184.20         175.90          154.10

Continue reading →

MCX Commodity market news and trading tips

At the Multi Commodity Exchange (MCX), COMDEX started on a positive terrain after a rise of 3.13 points, or 0.09% on Saturday. It is currently trading higher by 9.39 points, or 0.28%, at 3,397.05 after opening at 3,389.07.
Other index like MCXMETAL is trading upward by 48.70 points, or 1.10%, at 4,469.84 after opening at 4,424.81. Meanwhile MCXENERGY is trading up 35.27 points, or 1.12%, at 3,175.83 after opening at 3,146.77. MCXAGRI is trading up 8.58 points, or 0.34%, at 2,500.98 after opening at 2,494.97.
Due to dollar weakness in the silver business is over Rs 56,000. In today's fast enough to return after taking silver slammed have seen. After early weakness in gold has picked up momentum. Rs 22,000 per 10 grams on MCX gold cross. Silver Rs 1200 to Rs 56,000 strong pass up. Firmly in the international market of crude oil remains above 1.5 percent. Due to strong demand for pepper is trading above 2.75 per cent. Cardamom is the same strength of 2 per cent

Continue reading →

MCX Trading Tips: Daily MCX Commodity Market Report

Bullion:
Gold June 11 contract was down by 0.66% to Rs 21,980 per 10 grams, 

GoldMini July 11 contract was down by 0.70% to Rs 22,150 per 10 grams.

Silver July 11 contract was down by 4.14% to Rs 57,550 per kg, 

SilverMini June 11 contract was down by 4.12% to Rs 57,570 per kg.

Metals:
Lead July 11 contract was down by 4.60% to Rs 107.70 per kg,

Lead mini July 11 contract was down by 4.14% to Rs 107.70 per kg, 

zinc June 11 contract was down by 3.21% to Rs 96.50 per kg,

zinc mini May 11 contract was down 3.20% to Rs 95.20 per kg, 

aluminium May 11 contract was down by 2.33% to Rs 119.40 per kg, 

alumini May 11 contract was down by 2.33% to Rs 119.50 per kg, 

nickel July 11 contract was down by 3.62% to Rs 1,136.50 per kg, 

copper June 11 contract was down by 2.36% to Rs 402.70 per kg.

Energy:
Natural gas May 11 contract was down by 1.66% to Rs 213.70 per MMBTU, 

crude oil July 11 contract was down by 1.83% to Rs 4,885 per barrel.

Agri commodities:
Cardamom July 11 contract was up by 3.98% to Rs 989.25 per kgs, 

menthaoil May 11 contract was down by 3.37% to Rs 988.50 per kg, 

refsoyoil May 11 contract was down by 1.21% to Rs 613.50 per 10 kgs.

Gainers/ losers:
Cardamom July 11 contract was up by 3.98% to Rs 989.10 per kg,

Lead July 11 contract was down by 4.60% to Rs 107.70 per kg.

Continue reading →

MCX Trading Tips: Crude Oil Report

Crude oil continues to fall. On MCX, crude oil has come down the sense of Rs 4900. U.S. stocks surge in crude prices is the pressure. Naimacs the crude oil has come down from $ 110. Natural gas is the sharp decline. While the Base Metals business is also declining.

MCX crude oil (May ): Sell - 4800, Stoploss - 4868  Target - 4720

Continue reading →

MCX commodity trading tips | market highlightes

Gold recovers as dollar slips

The dollar fell 0.2 percent against a basket of major currencies

Copper rose on Thursday as dollar weakness

Aluminium near highest since Sept 2008

Oil prices rose on Thursday

Gold was set for a tenth straight quarterly gain on Thursday, rising by nearly 1 percent as the dollar weakened and concern over euro zone sovereign debt and unrest across the Middle East encouraged buying. Copper rose on Thursday as dollar weakness attracted non-U.S. buyers after earlier hitting a two-week low on worries about soft Chinese demand.

Continue reading →