Wednesday 2 March 2016

Commodity Market Updates Report, 2-3-16

Gold prices fell Rs 91 and reached to Rs 29,135 per 10gm in futures trade today as participants trimmed their positions. At MCX, Gold for delivery in April was trading lower by Rs 91, or 0.31%, at Rs 29,135 per 10gm, in a business turnover of 474 lots. Also, the metal for delivery in June shed Rs 89, or 0.30%, to Rs 29,379 per 10gm in 15 lots.

Daily Market Updates

S.No
Commodity
Contract
Support
Resistance
Recommendation
1
Cardamom MCX
Mar-16
643
655
Sell @ 656-657, TP 630, SL 670
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
3196
3230
BUY @ 3200-3195, TP 3250, SL 3170
4
Soyabean NCDEX
Mar-16
3644
3688
Sell @ 3695-3700 TP 3640 SL 3730
5
Soyabean CBOT
Mar-16
855
862
Sell @ 861, TP 855, SL 864
6
Maize NCDEX
Mar-16
1416
1444
Sell @ 1425-1424 TP 1460 SL 1405
7
Cotton MCX
Feb-16
15912
16081
Sell @ 16060-16070 TP 15850 SL 16170
8
Kapas NCDEX
Apr-16
783
792
Sell @ 792-793 TP 775 SL800

2 comments:

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  2. Gold trading range for the day is 29119-29455. Dollar Advisory also provides efficient commodity and Forex Tips for all the traders.

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