Bullions Update
Gold prices fell by Rs
280 to crack below the Rs 29,000 mark to Rs 28,970 per ten grams at the
bullion market today, tracking a weak trend overseas amid subdued demand
from jewellers at domestic spot market.
Silver followed suit and dropped by Rs 325 to Rs 37,100 per kg due to
reduced offtake by industrial units and coin makers.
Marketmen said a weak trend overseas as Asian equities resumed their
gains and chances of a US rate hike rose after a report on Friday showed
a pick-up in inflation, mainly pulled down both gold and silver prices
here.
Read more at: http://www.moneycontrol.com/news/commodities/gold-slips-below-29000weak-global-cues-tepid-demand_5591441.html?utm_source=ref_article
Read more at: http://www.moneycontrol.com/news/commodities/gold-slips-below-29000weak-global-cues-tepid-demand_5591441.html?utm_source=ref_article
Gold prices fell by Rs
280 to crack below the Rs 29,000 mark to Rs 28,970 per ten grams at the
bullion market today, tracking a weak trend overseas amid subdued demand
from jewellers at domestic spot market.
Silver followed suit and dropped by Rs 325 to Rs 37,100 per kg due to
reduced offtake by industrial units and coin makers.
Marketmen said a weak trend overseas as Asian equities resumed their
gains and chances of a US rate hike rose after a report on Friday showed
a pick-up in inflation, mainly pulled down both gold and silver prices
here.
Read more at: http://www.moneycontrol.com/news/commodities/gold-slips-below-29000weak-global-cues-tepid-demand_5591441.html?utm_source=ref_article
Read more at: http://www.moneycontrol.com/news/commodities/gold-slips-below-29000weak-global-cues-tepid-demand_5591441.html?utm_source=ref_article
Gold prices fell by Rs 280 and reached to Rs 28,970 from Rs. 29,000 per ten grams at the bullion market today, tracking a weak demand from jewellers at domestic spot market. Silver also followed suit and dropped by Rs 325 to Rs 37,100 per kg due to reduced offtake by industrial units and coin makers.
Commodity Market Recommendations:
|
S.No
|
Commodity
|
Contract
|
Support
|
Resistance
|
Recommendation
|
|---|---|---|---|---|---|
|
1
|
Cardamom MCX
|
Mar-16
|
677
|
688
|
Sell @ 687-688, TP 669.95, SL 694.95
|
|
2
|
Sugar ICE
|
Mar-16
|
12.44
|
12.66
|
Sell @ 12.65-12.70, TP 12.20, SL 13
|
|
3
|
Sugar NCDEX
|
Mar-16
|
3057
|
3106
|
Sell @ 3095-3100, TP 3040, SL 3130
|
|
4
|
Soyabean NCDEX
|
Mar-16
|
3765
|
3799
|
Trading Range 3750-3810
|
|
5
|
Soyabean CBOT
|
Mar-16
|
880
|
883
|
Buy @ 883, TP 890, SL 880
|
|
6
|
Maize NCDEX
|
Mar-16
|
1344
|
1354
|
Sell @ 1356-1357, TP 1340, SL 1362
|
|
7
|
Cotton MCX
|
Feb-16
|
16261
|
16394
|
Sell @ 16380-16390, TP 16200, SL 16470
|
|
8
|
Kapas NCDEX
|
Apr-16
|
768
|
789
|
Sell @ 780-781, TP 765, SL 786
|
Gold and silver comes under precious metals and large capital is required to trade in these metals. Also because of frequent price fluctuations here traders fear to trade .Useful commodity tips can be gained by following epic research .
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