Mcx NCDEX Tips

On 4th March 2011 (Friday), the domestic commodity markets closed on a positive note. All 4 indexes on MCX trading in the positive zone compared to the previous close price. Yesterday, in the MCX future, MCXCOMDEX closed at 3551.06 up by 1.57%., while MCXMETAL closed at 4497.51 up by 0.96% , MCXENERGY closed at 3281.47 up by 2.89% and MCXAGRI closed at 2907.55 up by 0.52%.
At NCDEX, the Dhaanya, an agri commodity benchmark index, was closed at 1131.64 up by 0.04%.

Crude oil futures prices advanced today, after falling 1.17% in previous session, in the domestic market due to tracking firm global cues. March future surged by Rs. 79, or 1.73%, to Rs. 4,624.00 per barrel on the Multi Commodity Exchange (MCX) as speculators started to take fresh long position in hoping that political tensions may spread to Iran and Oman, boosting concern of oil supply disruption.

Yesterday at the MCX, the market breadth was Positive with 43 commodities advanced and 19 commodities declined. Wherein at NCDEX the market breadth was negative with 31 commodities advanced and 65 commodities declined.

The top gainers at MCX were Crude oil for March contract (3.32%), Crude oil for April contract (3.14%), Silver Mic for June contract (2.98%), Crude Oil for May contract (2.97%), Silver for March contract (2.97%) and Silver for May contract (2.88%).

 
Similarly the top losers at MCX were Potato for May contract (-3.59%), Iron Ore for March contract (-3.16%), Heating Oil for May contract (-3.13%), Potato for April contract (-3.00%), Iron Ore for April contract (-2.78%), and Potato TRWR for May contract (-2.72%).

Moreover, the gainers at NCDEX were Light Sweet crude oil for March contract (3.4%), Silver for July contract (2.2%), Silver for May contract (2.1%), Steel Long for June contract (2.0%) and Ref Soya Oil for May contract (1.5%).

The top losers at NCDEX were Potato for April contract (-4.0%), Potato for May contract (-4.0%), Potato for July contract (-4.0%), Potato for August contract (-4.0%), Potato for September Contract (-4.0%).

Yesterday at MCX, the top traded commodities in terms of quantity were Crude Oil for March contract with 195016 lots, Silver RM for April contract with 109611lots, Copper for April contract with 104213 lots, Silver for May contract with 82770 lots, Silver Mic for April contract with 50583 lots, and Nickel for March contract with 47108 lots.

On the domestic arena, at MCX Crude Oil for March contract closed at INR 4698.00.

It touched a high of INR 4709.00 and a low of INR 4543.00 after opening at INR 4543.00. Crude Oil for April contract closed at INR 4770.00, it touched a high of INR 4777.00 and a low of INR 4620.00 after opening at INR 4620.00. Crude Oil for May contract closed at INR 4824.00, it touched a high of INR 4830.00 and a low of INR 4719.00 after opening at INR 4734.00.

Gold for April contract closed at INR 21054.00, it touched a high of INR 21082.00 and a low of INR 20847.00 after opening at INR 20875.00. Gold for June contract closed at INR 21352.00, it touched a high of INR 21370.00 and a low of INR 21155.00 after opening at 21206.00.

Silver for March contract closed at INR 51636.00, it touched a high of INR 52187.00 and a low of INR 50458.00 after opening at INR 50477.00. Silver for May contract closed at INR 52826.00, it touched a high of INR 52900.00 and a low of INR 51453.00 after opening at INR 51453.00.

As a result of restricted arrivals from major producing region, refined soya oil futures surged in the domestic market today. March future rose as much as 0.83% to Rs. 637.55 per 10 kg on the Multi Commodity Exchange (MCX) due to supply concern, and pick-up in spot demand due to marriage season.