Levels for agri commodities

[mitraji]

Time for commodity..

Dear friends,

Looking for the commodity market. And confused!! which one is the better option and which one have to buy, to generate more and more profit. More complicated but little tough.
Want to know the more real situation of MCX and NCDEX. Gold, silver, copper crude, natural gas, lead, nickel, zinc, soyabean, guarseed, chana and many more that comes in commodity are creating confusion that which one should buy. Share your thoughts for more information and for more knowledge about the market.

 

[taswsol]

Re: Time for commodity..

Sir,

MCX has good volume and if you trade metals gold/silver.. its good

Thanks
http://sites.google.com/site/taswsol

EOD2AmiBroker MCX/NSE/BSE EOD Downloader & Exporter.

 

[peterm]

Re: Time for commodity..

Stick to max. of two commodities initially. It will be easy to keep track.

1. MCX in India has good volumes of Precious and Base Metals
2. For agro-commodities, you could try NCDEX.

Reading at your post, it seems you are very new to this market. So would advise you to first learn by trading in very small positions. For example, in gold you can trade in mini-lot (100 gms).

I trade in Gold and some useful sites for information about gold are:
1. Kitco
2. thebulliondesk
3. mahendraprophecy
4. 321gold

 

[mitraji]

Is Budget good for the stock market??

It seem very tough to find that how much can budget be affect to the share market?
Is trading good at that time? Is the time is suitable to purchase the commodities, stock, nifty 50. I don't know how the market response for the budget but I think it will effect the market. So give some suggestions on budget with relate it to current market.

 

[mitraji]

Re: Time for commodity..

Thanks for the reply. You are right. I am very new at the commodity market.

 

[gopija]

Re: Time for commodity..

hi all ,

Similr to EQUITIES there are few time factors 2:30 which is when the european markets start

Is there any crucial factor time in MCX Gold while trading where we see sudden surge in price

please mention the factor time and reason

thnks
GJ

 

[mitraji]

Gold weekly report from 31st June

Gold ended down for the fifth straight day on Friday, suffering its worst weekly performance in almost 15 months, as improved demand for "riskier" assets dampened its safe-haven demand bid. Platinum and palladium recovered sharply from losses that took them to 3-1/2 month lows, but still ran their biggest weekly percentage loss since late 2008, amid hefty fund liquidation. Spot Gold was bid at $1,177.35 an ounce, against $1,181.10 late in New York on Thursday. U.S. gold futures for June delivery on the COMEX division of the New York Mercantile Exchange shed $12.50 to settle at $1,176.10 an ounce, after dealing in $1,166 to $1,188 session range. Gold prices recovered from an earlier low of $1,166.50 an ounce, down more than 5 percent from last Friday. Traders say prices are due a period of consolidation after rising 6 percent in the first two weeks of May to record highs at $1,248.95 anounce.

 

[mitraji]

Natural gas supports and resistance

NATURAL GAS
The weekly report for natural gas commodity.

Resistance1 : 264.90
Resistance2: 243
Price: 221
Support1 : 208
Support 2 : 183

 

[mitraji]

Gold commodity updates for this week

U.S. gold futures cut early gains but still ended a tad higher on Friday, rising for a fourth straight
week, as economic uncertainty supported the metal's safe-haven appeal. COMEX December gold futures settled up 20 cents at $1,237.90 an ounce on the COMEX division of the NYMEX. Ranged from $1,233.50 to $1,244.20 an ounce. Gold's initial spike fizzled after comments by Federal Reserve Chairman Ben Bernanke fueled an equity market rally. Bernanke said the economic recovery had weakened more than expected but that the Fed stood ready to act if needed to spur growth. Gold logged its first
four-week winning streak since June. COMEX estimated final volume at 80,764 lots. Spot gold at $1,234.50 an ounce.

 

[mitraji]

live calls for today's trading

Buy Astra Microwave Products Ltd. above 65 stop loss 61 target 71

Buy Piramal Healthcare Ltd. above 528 stop loss 522 target 550

Buy Federal Bank Ltd. above 366 stop loss 362 target 398

Buy Zee News Ltd. above 17 stop loss 14.35 target 20

SOURCE: http://xxxxxxxxxxxxxxxxxxx.com/