Commodity Market Updates Report, 3-3-16

Market Updates

Refined soya oil prices rised up by 0.22% to Rs 599.55 per 10 kg in futures market today.

At NCDEX, Refined Soya oil for delivery in Mar rose high by 0.22% or Rs. 1.30, and reached Rs 599.55 per 10 kg with an open interest of 31,030 lots.

Daily Market Updates:

S.No	Commodity	Contract	Support	Resistance	Recommendation
1	Nickel MCX	Mar-16	585.90	597.10	Sell @ 595-596, TP 580, SL 605
2	Copper MCX	Apr-16	326.60	329.30	Trading Range 325-331
3	Zinc MCX	Mar-16	121.8	122.9	Sell @122.80-122.90 TP 121.20 SL 123.80
4	Soyabean NCDEX	Mar-16	3577	3636	Sell @ 3625-3630 TP 3570 SL 3660
5	Soyabean CBOT	Mar-16	858	864	Sell @ 864, TP 857, SL 867
6	Maize NCDEX	Mar-16	1431	1450	Buy @1430-1428, TP 1460 SL 1410
7	Cotton MCX	Mar-16	15828	15939	Sell @ 15950-15960 TP 15800 SL 16020
8	Kapas NCDEX	Apr-16	780	787	Sell @ 788-789 TP 765 SL 800
9	Gold Comex	Apr-16	1232.8	1247.3	Sell @ 1243-1244 TP 1228 SL 1251
10	Gold MCX	Apr-16	29198	29428	Sell @ 29490-29500 TP 29100 SL 29640

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

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