Thursday, July 21, 2011

Mcx Tips India


Spot gold, silver traded higher in major Mumbai, Ahmedabad and New Delhi Thursday as some buying emerged after yesterday’s decline. Traders remained dormant amid lack of clear cues. 

In Mumbai, 995- standard gold traded at Rs 23,331 and 999- pure traded at Rs 23,432. In Delhi, 995 quoted at Rs 23,300 and 999 at Rs 23,420 and in Ahmedabad 995 traded at Rs 23,306 and 999 at Rs 23,382. (Prices in per 10 gm)

Silver in Mumbai traded at Rs 59,792, in Delhi at Rs 58,000 and in Ahmedabad at Rs 58,430. (Prices in per kg).
Crude oil continues to trend up. However Naimaks selling pressure on crude oil remains above $ 98. The Brent crude also has come under $ 118.

Base metals are traded on the decline today. On MCX, Copper, including base metals have declined by half a per cent. Zinc is the most has declined. The gold - silver is even today continues to be strong.

Guar has picked up strongly today. Rs 13,500 over August futures on NCDEX guar gum has a new record. The guar seed business in 4300 is over Rs.

Government by 10 million tonnes of non-basmati rice exports have started the application process. The MEP has been fixed at $ 400 a tonne export. Government announces export allocations by July 27. According to notification issued by the DGFT on the basis of first come first served will apply only until Friday as an exporter.

Crude oil is ready to break the $ 100 level. Naimeks sense of the crude oil is approaching $ 100. Greece and the bailout package expected to decline in the dollar got support from crude oil.

2 comments:

  1. Share trading is very easy if proper hardwork & study is there.If you want to make quick money in market then always trade in blue-chip stocks.never trade in highly volatile & illiquid stocks.Because may be these stock can give you good return but once you stuck in these stocks then you will loose your capital too. SHARE MARKET FREE TIPSBefore trading always select a scrip you want to trade & then give at least half an hour to that particular script after market.This will tell you how the script moved in whole day.Do this atlest 15-20 days.After some time you will get the levels on which it get support& resistances or the range that it is showing .Try to invest half of your investment amount to that script & If price comes down then make the average with your remaining amount.Then wait for a good level for the script.Never trust anyone advise with checking his credibility &accuracy. This will the best process by which you can make a handsome profit without risk.
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  2. Epic Research says about MCX India that Silver trading range for the day is 41630-42260.

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