Commodity Tips Free Trial

At NCDEX future, the Dhaanya, an agri commodity benchmark index, is closed at 1,156.57, up by 1.53%.

On the domestic front, Sugar prices increased modestly in future trade yesterday due to bargain buying by speculators. At NCDEX future, Sugar M Grade for February contract traded at Rs 2,793.00, up by 0.94, Sugar M Grade for March traded at Rs 2,881.00, up by 0.66 per cent and Sugar M Grade for April contract traded at Rs 2,974.00, up by 0.81 per cent. (At 11:53 P.M yesterday)

Refined Soya Oil traded higher in future trade yesterday on pick up in demand in the spot market, following the ongoing marriage season. At NCDEX future, Refined Soya Oil for February contract traded at Rs 653.10, up by 0.17 per cent, Refined Soya Oil for March contract traded at Rs 660.50, up by 0.43 per cent and Refined Soya Oil for April contract traded at Rs 665.40, up by 0.66 per cent. (At 11:53 P.M yesterday) 

The top losers at NCDEX future were Silver for May contract (-2.8%), Barley for March contract (-2.2%), Guar Gum for July contract (-2.0%), Gold 100 Grams for February contract (-1.5%) and Barley for May contract (-1.4%)

On the domestic arena, at NCDEX future, Gold for February contract traded at Rs 20,053.00, up by 1.83 per cent. Silver for March contract traded at Rs 43,300.00, up by 3.33 per cent. Sugar M Grade for February contract traded at Rs 2,793.00, 0.94 per cent. (At 11:53 P.M yesterday)

The top gainers at NCDEX future are Castor Seed for March contract (4.0%), Castor Seed for February contract (4.0%), Chilli for March contract (4.0%), Chilli for April contract (4.0%) and Coriander for February contract (4.0%). (At 5.09 P.M today)

On the domestic front, Forward Markets Commission (FMC) permitted Multi Commodity Exchange of India (MCX) to launch iron ore futures contract. MCX will start trading iron ore futures contract from today, making it India''s first commodity exchange to launch the contract.

According to Agriculture minister Narendra Singh,Bihar government will provide all possible help needed for experimentation and cultivation of new vegetables and fruit.

Sureshot Commodity Tips Free Trial

Fed keeps the rates unchanged and they stays very cautious on recovery. This may lead this yellow metal to move upward. A pull back as well as short covering may seen in the market. At the same time US new home sales data is better then expected so in long run gold may not be so bullish as before. Higher side will be selling opportunity.

This counter yesterday showed weakness, but still its hold support level of 19970. Now today keep your eyes on same level of 19970, if it breaks that level it can touch strong support of 19700 and if it maintains above this level you can keep buying. And once close above 20300, its looks bullish. Today it will face resistance 20040-20120 & support 19870-19700.

This counter last week shown weakness as we expect & mention. This week keep your eyes on level of 42200, if it hold above this level, it can touch again initial resistance 44400, and once close above 44400, its looks positive for long. For intraday today keep your eyes on level of 42500, once can keep buying here with some strict stop loss of 42200. Now today keep your eyes on opening level of 42815, if it open above this level, you can keep buying and if it opens below 42490, you can keep shorts in your hand. Over all it's moving in bearish zone. So keep buying with strict stop loss. as well as down side strong support looks around 41600-41000. Today it will face resistance 43200-43800 & support 42500-42300.

Silver: Silver is just trading its 100 day EMA of 40906. In international market silver may try to touch its psychological figure of $25 USD. As the US economy will boost this white metal will loose its strength. In MCX , silver may fall till 41000. Do not be long till 43000. Sell at high strategy. 

This counter yesterday shown weakness but this counter also hold support of 42250, now still keep your eyes on same level, till its maintain above this level, you can keep buying and once its break you have to exit in bought and keep shorts till target 41600-41000 very soon. Today it will face resistance 42600-42900 & support 42250-41700.

Mcx Lead Tips

After made a high of 122.85 it was broken support level and finally made a low 112.25 and closed at 113.35 with a big losses. Over all trend is bearish and rise to sell side.

As China as a less importer and inventory surged by more than 25% resulted weakness in the prices.

This counter last trading session down trend in this counter and coming trading days again 116.10 level below bearish and down trend in counter and low side support at 109.50 and cross below 105.50 level and touch at lower levels and only 116.10 level above minor up side moment and 121.00 strong resistance level in this counter so keep watch at this levels.......

Lead taken good support near 112. Pull back rally cannot be ruled out this week. At upper side it will face resistance at 117 above that it can move till 120. Downside there is a very strong support at 111.

This counter continuous down trend and again maintain at down trend and 113.00 and 116.00 level below down moment in counter and low side 106.00 below touch at 101.00 and 97.00 level in coming trading days.

Again Lead taken good support near 108. Pull back rally cannot be ruled out this week. At upper side it will face resistance at 114 above that it can move till 119. Downside there is a very strong support at 108 below, which it may fall till 106.30.

Sure Shot Crude Oil Tips

Sure Shot Crude Oil Tips: We mentioned in our newsletter yesterday "Some correction is expected in this counter. Crude is facing pressure in international market to maintain above $92" . See Crude fall like anything and come down to 4125.

Overall trend is bullish.......but short term weakness... last week it was made a 4247 and unable to hold support 4200 and started down ward journey and test 4086 but finally closed at 4098 level. Overall trading range of 4000 to 4200.....

NYMEX : Short term some weakness . Higher level it will face resistance level $ 94 and crossover will may test $ 98 and $ 104 in near term. On the other hand it will take support US $ 88.45.  

Trend is up last trading session two way moment in this counter and continuous up trend but this time overbought counter so risk at t his time and 4145.00 level below bearish trend and low side touch at 4041.00 and 3985.00 level touch and 4145.0 level above just bullish counter and up side touch at 4205.00 level and cross above touch at 4305.00 level in coming trading days .

COMEX CRUDEOIL:-  Weekly trading range at  trend  up side resistance at 91.80$ maintain above this level touch at 94.50$ but maintain above 87.65$ level and maintain below this level bearish mode in commodity  market and low side support at 86.20$ and next support at 83.50$ .

We mentioned in our newsletter on thursday "Some correction is expected in this counter. Crude is facing pressure in international market to maintain above $92" .See Crude fall like anything and come down to 4099. Currently crude is trading between its 20 & 50 DEMA of 4160 & 4086. It may take strong support at 4050 and we expect that there will be a bounce back rally till 4180 from that level.

Sure Shot Zinc Tips

This counter shown up move as we expect & mention that it can touch 112 very soon. And also give you profitable levels to buy around 108.25 till target 112 at Friday it's touched our level. Now charts shown some weakness but long-term view still positive so book your full profit and exit. Again buy on deep. Buying level and selling level for only clients.

Zinc has taken good support at 110.This counter is also bullish and it can go till 115.30. One can go long with SL of 110 for a target of 115 in coming days.

This counter strong up trend and 111.00 level above close showing at confirm up trend in this counter and 109.15 lower support in market and again 110.70 level above maintain up side touch at 113.50 level and cross above touch at 115.00 level in coming trading days so dear traders every dip at buy .......and paid client already positional buy entry in this counter ..

Zinc for January contract is trading at Rs 111.15, down by 0.63 per cent and Zinc for February contract is trading at Rs 112.25, down by 0.62 per cent. (At 3:09 P.M today)

Zinc break and close below its support level of 110.This counter entered in bearish zone and in coming days it can fall till 102.

Free Intraday Trading Tips

On the domestic front, Mentha Oil is trading higher in future trade today as traders created fresh positions, driven by pick up in spot demand due to seasonal demand. At MCX future, Mentha Oil for January contract is trading at Rs 1,172.10, up by 0.78 per cent, Mentha Oil for February contract is trading at Rs 1,172.00, up by 0.78 per cent and Mentha Oil for March contract is trading at Rs 1,171.00, up by 0.82 per cent. (At 11:23 A.M today)

Supported by firm trend in London Metal Exchange, Copper is also trading higher in future trade today. At MCX copper for February contract is trading at Rs 446.10, up by 0.70 per cent and Copper for April contract is trading at Rs 448.55, up by 0.64 per cent. (At 11:28 A.M today) In London, Copper prices increased by 0.7 per cent today.

The top gainers at MCX future are Mentha Oil for February contract (0.94%), Mentha Oil for January contract (0.89%), Mentha Oil for March contract (0.82%), Chana DEL for January contract (0.57%) and Copper for February contract (0.53%) (At 11:10 A.M today)

Similarly the top losers at MCX future are Potato TRWR for April contract (-1.52%), Cardamom for May contract (-1.25%), Cardamom for February contract (-1.25%), Cardamom for April contract (-1.23%) and Potato TRWR for March contract (-1.11%). (At 11:10 A.M today) 

Similarly the top losers at NCDEX future are Guar Gum for April contract (-0.9%), Potato for May contract (-0.9%), Potato for March contract (-0.7%), Potato for April contract (-0.7%) and Sugar M Grade for January contract (-0.7%). (At 11:16 A.M today)

On the domestic arena, at MCX future, Crude Oil for January contract is trading at Rs 4,147.00 against Previous close price of Rs 4,149.00 (down by 0.05%). (At 11:15 A.M today)

Silver for March contract is trading at Rs 43,857.00 against Previous close price of Rs 43,710.00 (up by 0.34%) (At 11:18 A.M today)

Sure Shot Mcx Tips Free Trial

On 14th January 2010 (Friday), the domestic commodity markets were closed with a mixed trend. At MCX future, 3 out of 4 indexes closed with a downward trend. In the MCX future, MCX METAL closed negatively at 4,223.77 after opening at 4,219.24, MCX COMDEX closed at 3,314.93 after opening at 3,313.19 and MCX AGRI closed at 2,817.47 after opening at 2,817.09 while MCX ENERGY closed positively at 2,986.31 after opening at 2,978.16.

At NCDEX, the Dhaanya, an agri commodity benchmark index, is closed at 1,123.35, up by 1.44%.

On the domestic front, Coriander traded higher in future trade yesterday on robust demand. At NCDEX future, Coriander for January contract traded at Rs 5,142, up by 4 per cent, Coriander for February contract traded at Rs 5,474, up by 4 per cent, Coriander for March contract traded at Rs 5,595, up by 4 per cent and Coriander for April contract is traded at Rs 5,641, up by 4 per cent. Total production of coriander in 2010-11 is estimated about 90 lakhs bags and carry over stocks has been estimated 20 lakhs bags.

Silver traded lower in future trade yesterday due to the heavy sell-off by stockists on the back of weakening global trend. At MCX future, Silver M foe February contract traded at Rs 43,714, down by 2.09 per cent, Silver for March contract traded at Rs 43,708, down by 2.09 per cent, Silver for July contract traded at Rs 44,229, down by 2.09 per cent.

Yesterday, at MCX, the top gainers were Nickel for January contract (2.31%), Nickel for February contract (2.02%), Lead for January contract (1.87%), Nickel for March contract (1.78%) and Lead Mini for January contract (1.70%)

The top losers at MCX were Platinum for June contract (-4.00%), Silver for September contract (-2.33%), Silver for March contract (-2.09%), Silver M for February contract (-2.09%) and Silver for July contract (-2.09%)

Yesterday, at NCDEX, the top gainers were Coriander for January contract (4.0%), Coriander for February contract (4.0%), Coriander for March contract (4.0%), Coriander for April contract (4.0%) and Guar Gum for February contract (3.2%)

The top losers at NCDEX were Steel Long for May contract (-2.7%), Steel Long for January contract (-2.4%), Silver for March contract (-2.2%), Steel Long for February contract (-2.2%) and Barley for April contract (-2.0%)

Yesterday, at MCX, the top traded commodities in terms of quantity were Crude Oil for January contract with 1,40,366 lots, Silver M for February contract with 1,21,517 lots, Copper for February contract with 1,07,991 lots, Silver for March contract with 1,01,174 lots and Nickel for January contract with 50,931 lots.

On the domestic arena, at MCX, Crude Oil for January contract traded at Rs 4,149.00. Gold for February contract traded at Rs 20,249.00, Gold M for February contract traded at Rs 20,254.00. Silver for March contract traded at Rs 43,708.00. Natural gas for January contract closed at Rs 204.10.

In the international market, Gold prices dropped in New York to the lowest settlement price in seven weeks on speculation that European Union leaders will stabilize the region’s economy, eroding the appeal of the metal as a haven.

Gold futures for February delivery dropped USD 26.50, or by 1.9 per cent, to settle at USD 1,360.50 an ounce at 1:37 P.M. on the Comex in New York, the lowest closing price since November 22nd 2010. In the same manner, Silver futures for March delivery dropped 94.3 cents, or 3.2 per cent, to USD 28.32 an ounce, the lowest settlement price since December 8th 2010.

Commodity Tips Free Trial

Last week it was broken 45500 and almost closed with a big losses of 1972 points week to week basis. Now we may consider support 43000 and below further down side, higher level resistance 45000-45500... Short term trend is bearish.....and avoid fresh long... Resistance today 44400-44500..... Below 45000 short term weakness. 

In International market, silver trading above $29 which is bullish sign for it. Silver taking good support at 44500. Below this level it can go till 43800. Upper side it will move till 45600.

We may consider support 110 as and when hold no problem of this counter... Small trading range watch out.....

This counter bounced from 118. Now taking strong support at 120. Now it can move upward till 125 but at 123 it will face resistance.

 Short term up move over and time to rise to sell side......as remain below 450..... Now in this week we may consider resistance 435-442 and support 425-420 range...... .. Still hold support level.. now resistance 445-450 watch out...and sell side.. Close above 455 one side move. 

Yesterday this counter crossed and closed above 440. We mentioned this since last 3 days "To move upward it has to cross 439 for next target of 455. Considering economic scenario of industries, this counter is still strong and lower level buying can not ruled out". Now next target is 455-462.

We may consider support 110.... For any long side and your stop loss too. Today resistance 115 to be watch out.... Higher level some profit booking continue. 

Trading range 190 to 213 to be watch out......break out will move one side move. Time being avoid...

Trading range 4000 to 4150........break out will one side move. Any dip or panic to buy side .... Ultimate target US $ 104. Around 4100 start buying in small lots.

Yesterday this counter was range bound and whole day moved in the range of 4121 & 4171. Although inventory data was not very positive on a week to week basis but this counter successfully maintain its strength. Crude taken support at 4098 and will face resistance at 4200.

Weeks after Reserve Bank of India (RBI) clamped down on the main conduit Indian companies use for paying Iranian oil, the Persian Gulf country has agreed to sell crude oil on credit this month. Iran has agreed to sell crude oil on credit this month pending resolution of the gridlock," a senior official said. 

Yesterday Zinc took good support at its 20 DEMA of 108.90. It bounced back from just above this support level and traded till 111.65. This counter is also bullish and it can go till 114.

Mcx Gold Tips

Over all short term trend is bearish.

Below 20500 short term weakness........down side support 20000-19900, decisively break with volume further weakness. Higher level resistance 20500-20520.... Down side support 20300.... Just watch Dollar Index...... over are trend is bullish.. so where is the gold move....

We are saying this since last 4 session that gold is facing resistance at 20500. Gold not able to cross and sustain even 20490. 

Yesterday again gold faced selling pressure from 20500 and drop down till 20400. Today again selling pressure will continue till 20500. Above this level, it may shoot till 20570. Downside, it will take support at 20350 and then 20303.

On the domestic front, gold imports by India, the biggest bullion consumer, likely reached a record last year driven by investment demand, according to the World Gold Council. 

Purchases were about 800 metric tons, compared with 557 tons in 2009, an industry expert said today.

Gold for February contract is trading at Rs 20,426.00 against Previous close price of Rs 20,429.00 (down by 0.01%). (At 5:21 P.M today)

Sure Shot Copper Tips

Copper (MCX-Feb'11): Copper took good support at its 20 DEMA of 429.70. Although this counter is entering in selling zone but actual selling will arise only below 429. It it cross and closed below this level then it can fall further till 422. To move upward it has to cross 439 for next target of 455. In considering economic scenario of industries, this counter is still strong and lower level buying can not ruled out.

Short term up move over and time to rise to sell side......as remain below 450..... Now in this week we may consider resistance 435-442 and support 425-420 range...... .. Last and final support exit 428.. decisively break with volume.... Free fall on the card...

This counter last weak shown some volatility but end of the week its close near to low, as we expect & mention that it can touch 430 soon. Now still more weakness looks continue till 422. This week keep your eyes on level of 439, only above this level, its looks again positive till life time high and once close above 445.5, you can hold till target 458. 

TODAY'S STRATEGY: - This counter yesterday shown up move as we expect & mention that keep shorts on rise around 439. Now still some more up move looks continues till 440-441, from those levels you can keep shorts in your hand till target 422. However any one suggest you keep buying, avoid buying and keep shorts on rise. Now today it will face resistance 439.7-441 & support 432.

Sure Shot Silver Tips

SILVER

Last week it was broken 45500 and almost closed with a big losses of 1972 points week to week basis. Now we may consider support 43000 and below further down side, higher level resistance 45000-45500... Short term trend is bearish.....and avoid fresh long...

This counter last week silver shown weakness as we expect & continues maintains, that it can touch 43700 very soon. Last week this counter made low 43721. And still some more weakness looks continue. Now this week keep your eyes on level of 45100, till its maintain below this level, you can keep shorts till target 43000-42650 soon. But remember once its cross and close above 45100 you have to exit in shorts and once cross and close above 45810, you can keep again fresh buying. Over all looks weak keep shorts on every rise. Today it will face resistance 44550-44800 & support 44260-43700.

Silver (MCX-Mar'11): Last week volume based selling seen in this counter. Some time it tries to recover from its low but at higher level sellers are entering in the market. Still downside is there in this counter. It will face resistance at 45000. Downside it can fall till 43050, which is its 50 days EMA. After some more fall in this counter, long position will sq-off and fresh short will build up. Dollar index will also put pressure.

Silver for March contract, at MCX, is trading at Rs.44,409.00 (down by 0.75%) after opening at Rs. 44,555.00 against the previous close of Rs. 44,746.00 with intra-day low of Rs. 44,385.00 till the trading. (At 11:38 AM today).

Sure Shot Nickel Tips Natural Gas Tips Zinc Tips

Sure Shot Nickel Tips

Last week some profit at higher level but again show some strength and support end of the week and finally closed at 1123 after a made a low of 1071 range. For the safe heavens of bulls it must cross 1135-1150 successfully otherwise to sell side.

Trend Decider of this week is 1107

Sure Shot Natural Gas Tips

Over all wide range of this commodity from 180 to 210. if bulls manage to hold 180 no problem. crossover 210-212 range will move sharp to watch out. Be prepare to sharp move.....above 213.... If hold with volume and added with open interest.  Trend Decider of this week is 190.

Yesterday, at MCX, the top gainers were Natural Gas for January contract (1.20%), Natural Gas for February contract (1.10%), Natural Gas for March contract (0.95%)

Sure Shot Zinc Tips

Now this week also looks positive. Now this week keep your eyes on level of 114.6-117.5. Remember however any one gives you target in this counter till 130-140 doesn't keep buying like blind. Once its cross and continues gives closing above 117.25, you can think for confirm up move till 130. Or if it looks unable to cross 117.25 and continues maintain below this level. It can touch again 95-88 soon. This week keep your eyes on level of 106.75, once can this counter touch this level so keep buying with some strict stop loss or keep buying on deep. As well as keep your eyes on resistance level of 111.2-113.2. Now today keep your eyes on opening level of 110, if it open above this level, you can keep buying and if it opens below 109.1 you can keep shorts in your hand.

At MCX, Zinc future price declined today as traders indulged in offloading their positions, driven by weakening trend at the London Metal Exchange (LME), amid profit booking by speculators. At MCX future, Zinc for January contract is trading at Rs 110.10, down by 0.99 per cent and Zinc for February contract is trading at Rs 111.35, down by 0.93 per cent. (At 11:32 A.M today)

Sure Shot Gold Tips Silver Tips Copper Tips

Sure Shot Gold Tips

Last week This counter shown lack of movement but shown some up side movement. And now charts given indication that it's looks still positive till initial resistance 20925, and once its cross above 20925, you can hold for long till 21220-21530 very soon. Above 20925 you can see up side break out and for selling pressure its have to break level of 20300. Only below this level, its looks weak for long term. For intraday today keep your eyes on level of 20820, only above this level its looks positive till initial resistance 20925 or you can keep buying around 20580 with some strict loss. Once buy on deep and hold till it's not break level of 20300 till target 21500-21850 in up coming days. Now today keep your eyes on opening level of 20760, if it open above this level, you can keep buying and if it opens below 20702, you can keep shorts in your hand. Over all keep buying on deep. Today it will face resistance 20820-20860 & support 20700-20580.

Sure Shot Silver Tips

This counter last week shown up move as we expect & mention. Now still also keep your eyes on same level of 45500, till it's maintain above this level, do not dare to keep shorts for long. And once it's close below 45500, its looks weak for short term. Over all weakness will start only below 45000. So till its maintain above those levels, you can keep buying with some strict stop loss. For intraday today keep your eyes on level of 46400, keep buying only above this level and till its maintain below this level avoid buying or keep shorts only below 45800. Between ranges of 45800-46400, you have to avoid trading in this counter. Now today keep your eyes on opening level of 46280, if it open above this level, you can keep buying and if it opens below 46045, you can keep shorts in your hand. Today it will face resistance 46500-46720 & support 46050-45800.

Sure Shot Copper Tips

This counter last week shown again up move without given any correction or profit booking. So still we are suggest you avoid this counter till it's not given any weak indication. Or keep your eyes on level of 434, till its maintain above this level, you can keep buying in your hand till target 444-448 soon. Now today keep your eyes on opening level of 439.7, if it open above this level, you can keep buying and if it opens below 438, you can keep shorts in your hand. Over all keep buying till its not given any closing below 434. Today it will face resistance 443-445 & support 436-434.