Tuesday 1 March 2016

Commodity Market Updates Report, 1-3-16


Gold prices reduced by Rs 5 and reached to Rs 29,400 per 10 gm at the commodity bullion market on Tuesday as there is lack in demand from jewellers at the domestic spot market.
Silver prices hiked by Rs 300 and reached to Rs 36,800 per kg following buying support from industrial units.

Daily Market Report


S.No
Commodity
Contract
Support
Resistance
Recommendation
1
Cardamom MCX
Mar-16
632
650
Sell @ 650-652, TP 630, SL 661
2
Sugar ICE
Mar-16
14.23
14.74
BUY @ 14.25-14.20, TP 14.80, SL 13.90
3
Sugar NCDEX
Mar-16
3184
3207
Trading Range 3170-3220
4
Soyabean NCDEX
Mar-16
3643
3697
Sell @ 3685-3690 TP 3620 SL 3720
5
Soyabean CBOT
Mar-16
860
863
Buy @ 863, TP 855, SL 867
6
Maize NCDEX
Mar-16
1409
1417
Trading Range 1395-1426
7
Cotton MCX
Feb-16
15853
16177
Trading Range 15850-16100
8
Kapas NCDEX
Apr-16
773
795
Trading Range 772-786

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