DAILY COMMODITY GOLD TIPS & SILVER REPORT FOR 19/08/2014

Precious Metals

D A I L Y B U Z Z 

GOLD 

Gold prices fell 0.82 per cent to Rs 28,420 per 10 grams in futures trade today amid a weak trend overseas and profit-booking by speculators. 

At the Multi Commodity Exchange, Gold for delivery in December fell by Rs 236, or 0.82 per cent, to Rs 28,420 per 10 grams in a business turnover of 14 lots. 

Likewise, the metal for delivery in October shed Rs 224, or 0.78 per cent, to Rs 28,390 per 10 grams in 537 lots. 

Analysts said besides profit-booking by speculators, a weak trend in the overseas markets as the outlook for an improving US economy outweighed tension in Ukraine, weighed on gold prices at futures trade here. 

Globally, gold traded 0.6 per cent lower at USD 1,297.46 an ounce Singapore today. 

Agro Outlook 

CARDAMOM 

Cardamom prices surged 2.35 per cent to Rs 945.20 per kg in futures trade today as speculators created positions amid strong demand in the spot markets supported by festive season. 

At the Multi Commodity Exchange, cardamom for delivery in far-month October shot up by Rs 21.70, or 2.35 per cent to Rs 945.20 per kg in business turnover of 62 lots. 

In a similar fashion, the spice for delivery in September contract gained Rs 13.80, or 1.48 per cent to Rs 944 per kg in 243 lots. 

Market analysts said fresh positions created by speculators driven by rising demand in the spot markets in view of festive season mainly led to the rise in cardamom prices at futures trade. 

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MCX Commodity Market Updates Today 04 April 2013

Silver prices fell by 1.10 per cent to Rs 51,984 per kg in futures trade today as speculators trimmed their positions largely in tune with a weakening trend overseas after a stronger dollar reduced demand for safe haven. At the Multi Commodity Exchange, Silver for delivery in far-month July traded lower by Rs 577, or 1.10 per cent, to Rs 51,984 per kg in business turnover of 190 lots. Similarly, the white metal for delivery in May declined by Rs 553, or 1.07 per cent, to Rs 50,920 per kg in business volume of 2,844 lots.

Taking cues from global markets and subdued demand from domestic consuming industries, lead prices eased by 0.31 per cent to Rs 112.50 per kg in futures trade today as speculators reduced their exposures. At the Multi Commodity Exchange, lead for delivery in May fell 35 paise, or 0.31 per cent, to Rs 112.50 per kg in business turnover of 91 lots. On similar lines, the metal for delivery in April shed 30 paise, or 0.27 per cent, to Rs 111.85 per kg in 1,862 lots. 

Amid a weak trend in the global markets and subdued domestic demand, nickel prices dropped 0.67 per cent to Rs 889.90 per kg in futures trade today as speculators reduced their positions. At the Multi Commodity Exchange, nickel for delivery in April dropped by Rs 4, or 0.67 per cent, to Rs 889.90 per kg in a business turnover of 716 lots. The metal for delivery in May also fell by Rs 6.10, or 0.67 per cent, to Rs 898.20 per kg in a turnover of 102 lots.

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NCDEX Tips And Agri Report For Today

In NCDEX Chana, below 4150, we may see selling pressure towards 4090 levels.

In NCDEX Oilseed and edible oil futures witnessed a weak trade during the last trading session. Soybean futures opened firm in line with the international markets to mark day high. However, sharp selling was seen at higher levels with no major demand in markets. Abiding the weak cues from futures market soybean ruled weak in the major markets of Madhya Pradesh and Maharashtra. In major markets of Madhya Pradesh i.e. Indore soybean traded at 3427 per 100 kg. While in Maharashtra i.e. at Nagpur it traded at Rs 3468 per 100 kg and in kota at Rs.3508.6 Hence Soybean plants rates quoted mixed to weak witnessing down move in range of Rs.38-42 in major mandis, whereas witnessed up move in the range of 0-26 in other mandis. Soybean arrivals stood steady in Madhya Pradesh and reported at 25,000 bags on Saturday compared.

Free NCDEX Commodity Tips For Today

Commodity	Strategy	Levels	Target 1	Target 2	Stop-Loss
Chilli (Jun)	Sell	Below 4600	4550	4500	4635
Chana (Jun)	Sell	Below 4140	4100	4060	4170
Jeera (Jun)	Sell	12600-12630	12400	12200	12730
Turmeric (Jun)	Sell	Below 3575	3540	3500	3605
COCUDAKL (Jun)	Sell	Around 1100	1080	1060	1110
Cardamom (Jun)	Buy	Above 1330	1350	1370	1315
Soya bean (Jun)	Sell	Below 3300	3250	3200	3335
Mustard seed (Jul)	Sell	Below 3700	3650	3600	3735

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NCDEX Tips And Trend For Today

NCDEX Commodity Trend

• NCDEX Jeera June: A downfall may continue towards 12250 levels for the day.
• NCDEX Chilli June: If unable to sustain above 5000 levels, we can expect to see a lower correction towards 4750 levels.
• NCDEX Chana June: Sideways to lower trading for the day.
• NCDEX KAPAS April 2013: A pullback rally may seen, if prices hold the support of 910 levels for the day.
• NCDEX Dhaniya June: Negative sentiments still persists, as long as prices caps the upside resistance at 3645 levels for the day.
• NCDEX Turmeric June: If prices break below 3562, then a downside correction may be seen towards 3500 levels for the day.
• NCDEX Refined Soy oil June: A strong support is seen at 709, breaks below the same with volume could see prices trade lower towards 709 levels.
• Cardamom June: A major support is seen at 1281 levels, which if held, may see prices turn higher for the day.

Free NCDEX Tips

Commodity	Strategy	Levels	Target 1	Target 2	Stop-Loss
Chilli (Jun)	Buy	Around 4800	4850	4900	4765
Pepper (Jun)	Buy	38450-38500	38850	39200	34250
Jeera (Jun)	Sell	12600-12630	12400	12200	12730
Turmeric (Jun)	Buy	Above 3630	3680	3730	3595
COCUDAKL (Jun)	Sell	Around 1100	1080	1060	1110
Cardamom (Jun)	Sell	Below 1325	1300	1270	1345
Soya bean (Jun)	Sell	Below 3300	3250	3200	3335

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MCX Silver Tips, Copper Updates, Gold Tips, Crude Updates 23 May 2012

Gold along with silver may continue to remain on volatile path with some profit booking can be seen at higher levels. Gold can trade in range of Rs. 28,900-29,200 and silver can trade in range of Rs. 53,700-55,000 in near term. Base metals counter can open with negative note tracking weak overseas cues. Copper may trade in range of Rs. 425-435 while Lead may trade in range of Rs. 107-109 and zinc in range of Rs. 104-107 in near term. Crude oil can also trade in range of Rs. 5,080-5,180 with positive bias.

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Copper Updates, NCDEX, MCX Silver Tips, Gold Updates 22 May 2012

Today gold is trading above Rs. 29,000 and silver is trading at higher levels. All base metals are trading at mixed price today. Copper is trading in the range of Rs. 425-430 in todays' trading session. In energy, naturalgas is trading at negative price. Crude oil is trading at positive price today, it may trade in the range of Rs. 5100-5200.

NCDEX Agri Commodity Updates Today:
Outlook for Soybean is up for the day. CPO is expected to trade up for the day. Outlook for Chana is sideways to up for the day. Outlook for Jeera is up for the day. Pepper futures to trade higher for the day.

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MCX NCDEX Tips, Copper Updates, Gold and Silver Tips 18 May 2012

Precious metals (gold and silver) are trading higher on MCX Commodity market today. We expect prices to trade higher for the day. All base metals are trading on a positive note today. We expect prices to trade higher for the day. Crude oil is trading lower on MCX today. We expect prices to trade lower on account of
worries over the global demand growth for oil.

NCDEX Agri Commodity Market Tips and Updates:
Pepper futures prices are projected to witness volatile movement du to lack of active trade participation. Turmeric prices are expected to continue the positive trend on back of limited supplies coming at spot front. Jeera futures prices are projected to recover from earlier losses supported by prevailing firm trend on good demand from local traders and exporters. Cardamom prices might witness decent corrections in coming session on back on profit booking at higher levels.

NCDEX Tips on Mobile CLICK HERE NCDEX Live Tips

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MCX NCDEX Tips, Copper Updates, Gold & Silver Tips Today 16 May 2012

Gold along with silver may trade with weak bias due to euro zone crises and rising greenback. Gold can trade in range of Rs. 27,600-28,200 and silver can trade in range of Rs. 52,000-53,000 in near term. Base metals counter can trade in red tracking weak international markets. Copper may trade in range of Rs. 416-427 while Lead may trade in range of Rs. 107.5-109.5 and zinc in range of Rs. 103-104 in near term. Crude oil can further dip lower tracking weak international markets. Crude can trade in range of Rs. 4,950-5,100.

NCDEX Agri Commodity Market Tips & Updates:
Pepper futures (June) is likely to trade sideways maintaining support above 37,000 levels. Turmeric futures (June) is likely to trade range bound facing resistance near 4,000 levels. Jeera futures (June) is likely to consolidate facing resistance near 14,100 levels. Cardamom futures (June) is expected to trade with a weaker bias on profit booking from higher levels.

NCDEX Tips on Mobile CLICK HERE NCDEX Live Tips

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MCX Silver Tips, NCDEX, Copper Updates, Gold Tips Today 15 May 2012

MCX Bullions Tips, Gold and Silver Updates:
Gold along with silver may trade with weak bias due to euro zone crises and rising dollar index. MCX Gold can trade in range of Rs. 27,900-28,300 and MCX silver can trade in range of Rs. 52,500-53,800 in near term.

MCX Base Metals Tips, Copper Updates:
Base metals counter can trade in red tracking weak international markets. MCX Copper may trade in range of Rs. 420-430 while Lead may trade in range of Rs. 109.50-111 and zinc in range of Rs. 102.70-104.50 in near term.

MCX Energy Tips, Crude oil Updates:
Crude oil can further dip lower tracking weak international markets. Crude can trade in range of Rs. 5,050-5,150. Oil fell from the lowest settlement in almost five months in New York.

Commodity Tips on Mobile CLICK HERE MCX Updates

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NCDEX Agri Commodity Market Updates Today 14 May 2012

Pepper futures (June) is likely to trade sideways and remain below 38,600 levels on slow demand in spot markets. Cardamom futures (May) is likely to trade range bound owing to profit booking from higher levels. Turmeric futures (June) is likely to face resistance near 4,300 levels trade sideways with a bearish bias, due to profit booking. Jeera futures (June) is likely to take support above 13,200 levels.

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Weekly MCX Gold, Silver, Crude oil Report 14 May - 19 May 2012

Gold is looking technically weak on charts. Last week Gold was trading in a bearish trend for most part of the week. In this week 27,900 will act as a major support in Gold and 29,100 will act as a major resistance. For this week traders can use sell on higher level strategy if Gold sustains below 28,300 then below 28,200 it can test the level of 28,050/ 27,910.

Silver is technically weak on charts. Last week Silver was trading on lower side for most part of the weak. For this week 53,000 and 51,450 are the major supports whereas 55,300 and 56700 are major resistance in MCX Silver. For this week traders can use sell on higher level strategy. If Silver sustains below the level of 53,400 then below 53,000 Silver can test the level of 52,520/ 52,000.

Crude is in a consolidation around lower levels. Last week Crude Oil was trading in a range of 5,260 to 5,120. For this week 5,000 and 4,840 will act as major supports and 5,270 and 5,490 will act as major resistance in Crude Oil. For this week traders can use sell on higher level strategy, if MCX Crude sustains below the level of 5,130 then below 5,100 it can test the level of 5,060/ 5,000.

MCX Tips on Mobile CLICK HERE MCX Updates

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MCX Gold & Silver Tips, NCDEX Live Tips, Copper & Crude Updates

Today MCX gold and silver are trading at negative prices. Gold is trading in the range of Rs. 28,300-28,500 and silver may touch the levels of Rs. 54,000 in upcoming trading session. All base metals are trading at negative note today. Copper is trading in the range of Rs. 432-438. Crude oil and natural gas are also trading at lower levels today. Crude oil is trading in the range of Rs. 5100-5200.

NCDEX Agri Commodity Market Updates Today:
Pepper futures prices are projected to extend the positive trend on lower level buying due to shifting of positions in far months. Turmeric prices are expected to continue the positive trend backed by prevailing bullish sentiments. Jeera futures prices are projected to continue the corrections on profit booking during early trading hours. Cardamom prices are expected to continue the positive trend on back of rising demand from local buyers and exporters.

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MCX, NCDEX, Gold & Silver Tips, Copper & Crude Updates 10 may 2012

Today gold, silver, copper, crude oil and all other products in MCX commodity market are trading at negative price. Gold is trading in the range of Rs. 28,300-28,600 and silver is trading in the range of Rs. 54,000-55,000. Copper is trading below Rs. 440 after touch its highest levels of Rs. 448. Crude oil is also trading at lower levels. It is trading in the range of Rs. 5100-5200 in today's trading session. We expect that prices to trade lower for the day.

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NCDEX Agri Commodity Market Tips and Updates Today 09 May 2012

Pepper futures prices are projected to trade lower on back of lack of active demand across the domestic markets. Turmeric prices are expected to recover from earlier losses on lower level buying. Jeera futures prices are projected to continue the bullish trend backed by bullish fundamentals. Cardamom prices are expected to continue the up trend on back of prevailing positive fundamentals across the major physical markets.

Free MCX Tips on Mobile CLICK HERE Copper Updates

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MCX NCDEX Tips, Copper Updates, Gold Updates Today 09 May 2012

Gold along with silver can trade sideways. Stronger rupee can keep the prices under pressure. Both gold and silver are trading at negative price today. Base metals counter can trade sideways with negative bias. Copper may trade in range of 430-436 while Lead may trade in range of 111-113 and zinc in range of 105-107 in near term. Crude oil can trade with mixed bias in range of Rs. 5,150-5,250 in domestic market.

Free Tips on Mobile CLICK HERE Copper Updates

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NCDEX Live Updates ~ NCDEX Agri Commodity Tips Today

Turmeric futures (June) is expected to trade higher supported by improved demand from local buyers amid a decline in daily supplies. Pepper futures (May) is likely to remain in bearish zone & trade below 37,600 levels. Jeera futures may trade higher due to a pick up in overseas demand on the back of competitive prices. Soybean futures may trade sideways with a bearish bias on extended profit-taking. Chana futures may trade higher on declining arrivals and strong consumer demand at the spot markets.

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MCX Gold and Silver Tips, Copper Updates, Crude Oil Tips Today 08 May 2012

Gold along with silver can trade sideways. Gold can trade in range of Rs. 28,750-29,100 and Silver can trade in range of Rs. 55,300-56,500 in near term. Base metals counter can trade sideways with negative bias. Copper may trade in range of Rs. 435-442 while Lead may trade in range of 111-113 and zinc in range of 105-107 in near term. Crude oil can trade with mixed bias in range of Rs. 5,150-5,250 in domestic market.

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NCDEX Agri Commodity Market Updates Today 07 May 2012

Pepper futures prices are projected to continue the recovery on back of limited supplies at spot front. Turmeric prices are expected to trade on slightly lower note on reports of higher arrivals. Jeera futures prices are projected to recover from losses on fresh buying at lower levels. Cardamom prices are expected to recover from earlier losses on back of reports of crop failure in major growing regions of Kerala.

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Weekly Gold, Silver, Copper, Crude oil Report 07 may - 12 may 2012

MCX Gold Tips, Gold Updates:
Gold is technically consolidating on charts. Last week gold was trading in a range for most part of the week. In this week 28,600 will act as a major support in gold and 29,600 will act as a major resistance. For this next week traders can use sell on higher level strategy if gold sustains below 29,100 than below 28,950 it can test the level of 28,810/ 28,670.

MCX Silver Tips, Silver Updates:
For this week 54,400 and 52,500 are the crucial supports and 58,500 and 60,500 are crucial resistance in MCX Silver. For this week traders can use sell on higher level strategy if silver sustains below the level of 56,150 then below 55,650 silver can test the level of 55,200/ 54,600.

MCX Base Metals Tips, Copper Updates:
Base metals counter can trade with mixed bias with mild profit booking can be seen at current levels. Copper may trade in range of 440-450 while Lead may trade in range of 111.50-113.50 and nickel in a range of 935-955 in near term.

MCX Crude Oil Tips, Crude Updates:
Crude is in a consolidation phase. For this week 5,150 and 4,950 will act as major supports and 5,550 and 5,720 will act as major resistance in crude. For this week traders can use sell on higher level strategy, if MCX Crude sustains below the level of 5,380 then below 5,340 it can test the level of 5,290/ 5,230.

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MCX NCDEX Tips ~ Agri Commodity Updates Today 04 May 2012

Pepper futures prices are projected to continue the recovery on lower level buying. Pepper futures (May) is likely to take support above 37,000 levels taking supportive cues from the spot market. Turmeric prices are expected to trade on positive note, it may trade higher taking support above 3,500 levels. Jeera futures prices are projected to continue the positive trend. Cardamom prices are expected to continue the recovery on back of improved quality arrivals at spot front.

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