17 Dec : A Sharp Decline in Commodity Market | MCX Live Calls Today

The US Federal Reserve's decision to raise interest rates after the sharp decline in the commodity market. Commodity Market opened down 1 percent on Thursday. Comaks Gold prices fell nearly 1 percent has come down to $1,070. Also silver is at $14 a 0.8 percent fall. Is too weak trend in international crude oil. Nymex WTI crude at around $355 seems, to $37.25, while Brent crude has arrived.

The decline in gold and silver :

Impact of the US Federal Reserve to raise interest rates on domestic markets is also being seen. MCX Gold in the domestic market declined by 0.75 percent to Rs 25,300 is trading down. MCX Silver also looks around 1 per cent to Rs 34,000. MCX crude oil slipped 0.5 percent to Rs 2,370 is trading down. However MCX Natural Gas with a gain of 0.5 percent to Rs 121.5 level is reached.

Agri commodities is also at fall :

Agri commodities futures on NCDEX coriander with 4 percent to Rs 8,760 arrived . Further weakness of 1 per gram , with December futures is trading below Rs 5,000 . December futures rose 0.3 percent on the NCDEX cotton meal is trading at Rs 1,890.

MCX Live Calls Today :

SELL NCDEX Jeera Around 14560, Target:14277/14130, SL-14713
SELL MCX CrudeOil Around 2423,  Target:2330/2265, SL-2467

MCX Gold To Trade Volatile ; MCX NCDEX Tips Today : 16 Dec

Bullion counter may trade on volatile path as outcome of FOMC meeting and movement of dollar index can give further direction to the prices. Meanwhile movement of local currency rupee can give further direction in MCX.

MCX Gold can move in range of 25000-25800 and Silver can move in range of 33000-34000 in MCX, according to SMC Global Research.

MCX Gold February contract has been trading 0.07 per cent to 25283 level in MCX on Wednesday.

Agri commodities traded sideways on Monday on account of sluggish demand. Spices fell on fall in demand at the higher levels - Even as Turmeric may witness rising demand in coming days. Trend looks weak for Jeera on low export demand.

MCX NCDEX Tips :
SELL NCDEX Jeera 14900,S L -15080, TGT- 1 / TGT- 2-14720/ 14480
SELL MCX Gold at 25450, SL-25600,TGT- 1 / TGT- 2 - 25250/ 25120

Petrol and Diesel Prices may fall by 2 Rupees | MCX Live Calls Today : 15 Dec

A big fall in the price of MCX Crudeoil have been noticed. almost it is 12% of fall in the last week. Due to this a big cuts will be seen in the prices of Petrol and Diesel Prices. Its been told by the Commodity Analyst that the prices may cut upto 2 rupees of petrol and 1 Rupees of Diesel per litre.

As a reminder, 15 days after the official fuel retailers Indian basket of crude oil prices on petrol and diesel prices are set . Oil companies on November 30, petrol and diesel prices have been revised upwards , after which the price of petrol in Delhi , Rs 60.48 and Rs 46.55 per liter of diesel has gone up .

Petrol 2 Rupees and diesel 1 rupees Cheaper :

Energy expert Ram Dixit said in an exclusive interview with oil marketing companies, Petrol and Diesel 60-80 money can be cheaper by one rupee because the Indian basket of crude oil prices to $ 36.65 a barrel, down has been . With crude prices in the international market is falling continuously.

Crude prices fell 12 percent last week : 

Crude prices in the international market fell 12 percent last week. The Indian basket of crude has dropped by more than 8 percent.


MCX Live Calls Today : 
BUY GOLD FEB AT 23340-23360, STOP LOSS-23260,TARGET-23550.

Gold is marginally higher last week, silver softened Rs 1150 | MCX Tips Today : 14 Dec

The whole week in domestic and global markets remained under pressure in gold and silver. In terms of gold, gold prices rose Rs 50. Week full of gold remained volatile, but on Saturday, with a gain of Rs 290 per ten grams of gold almost flat closed and managed to arrive at the 26,000 level.

Commodity MCX NCDEX Calls Analyst believed that the next week due to the wedding season, gold bullish trend may continue.

Last Week, the price of silver fell by Rs 1,150:

The whole week around 1,150 rupees in silver fell. However, in the early days of the week bullish trend in silver. In the first three days of the week, silver gained Rs 200. But in the last days of the week silver fell by more than Rs 400 on Saturday, the last day of week silver fell to Rs 200 per 33,850 per kg, which was at Rs 35,000 on Monday, the first day of the week.

Gold in global markets dropped to $ 8 

Domestic market as well as global gold prices also put pressure on the entire week. On Monday the gold price in the International Market was around 1082.83$ , the last day of the week at $ 1074.20 per ounce fell on Saturday. Gold in global markets in the first day of the week 0.3 per cent was recorded. The last day of the week, prices rose by 0.25 percent.

Today's Commodity Market Opening Updates :

Today MCX Gold is trading at 25,588.00 with -91.00 points down. MCX Silver is at 33,865.00 with -118.00 points down.

Indian Agri Market Updates : 11 Dec | NCDEX Tips Today

Markets bounced back from the lower levels for most Agri commodities on Thursday as short covering after the recent fall in rates amidst improved demand in the mandis supported the prices.

With prices at very low levels, an expected pick up in demand in coming days could support the prices further. Moderate recovery noted for Spices and Chana after the recent fall; even Guar rates bounced back strongly as it found some strong psychological support at these lower levels.

NCDEX Tips Today :

SELL NCDEX Chana at 4780, SL-4840, TGT- 1 / TGT- 2 - 4730/ 4680

BUY NCDEX Jeera at 15250, SL-15100, TGT- 1 / TGT- 2 -15380/ 15550

SENSEX Sink for the 6th day; Nifty tad above 7600 | MCX NCDEX Tips

TOday the Stock Market closed with RED Note. The 30-share BSE Sensex lost 274.28 points or 1.08 percent to 25036.05 and the 50-share NSE Nifty tanked 89.20 points or 1.16 percent to 7612.50.

Top Gainers and Losers of the day are : 

Top Gainers: BHEL (2.2%), TCS (1.5%), ITC (0.7%), ONGC (0.4%)
Top Losers: VEDANTA (5.7%), TATA STEEL (3.4%), COAL INDIA (3.2%),HINDALCO (3.2%), BAJAJ AUTO (2.7%)

Whereas Experts and industry bodies have been vocal about opening a physical gold exchange in India, the world's second biggest consumer of the yellow metal. Now, a prominent bullion association in India has announced their plans to launch a gold exchange.

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CrudeOil at 7 years Low Prices; Petrol and Diesel prices may effect | Commodity best Tips

OPEC does not cut output at the meeting since crude prices falling steadily increasing. On Tuesday, crude in the international market also remained at 7-year low. Nymex crude prices have touched the low of $ 37.50 a barrel, the price is the lowest since February 2009.

The Indian basket of crude oil prices fell to 38.61 per dollar. As a result of cheap crude oil marketing companies in the next review of petrol and diesel prices are reduced by 1 Rs.

Will impact on the domestic market, would be cheaper fuel Energy expert Narendra Taneja told Bhaskar Mani said the oil marketing companies at its meeting next week, gasoline and diesel by 80 paise, one rupee, the Indian basket of crude oil prices may be cheaper $ 40 per barrel has come down. With crude prices in the international market is falling continuously.

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