On 21st February 2011 (Monday), the domestic commodity markets were closed on a mixed note. All the indexes on MCX were trading at the same level. Yesterday, in the MCX future, MCXCOMDEX closed at 3,425.59 up by 2.69%, MCXMETAL closed at 4,430 up by 1.445, and MCXENERGY closed at 3,015.10 up by 5.73% while MCXAGRI closed at 2,921.63 up by 0.48%
At NCDEX, the Dhaanya, an agri commodity benchmark index, was closed at 1,170.22, up by 0.49%.
MCX Crude Mar contract closed on last day of previous week at 4,072 per barrel, up by 42 rupees against previous day’s close of 4030. Support for Crude is seen at 4175 and below it; prices can test 4125 while the resistance levels are seen at 4275 and 4325 respectively.
Yesterday at the MCX, the market breadth was positive with 56 commodities advanced and 7 commodities declined. Similarly at NCDEX the market breadth was positive with 66 commodities advanced and 24 commodities declined.
The top gainers at MCX were Crude Oil for March contract (5.65%), Crude Oil for April contract (4.71%), Silver for September contract (4.47%), Silver RM for August contract (4.37%), Silver MIC for June contract (4.35%), and Silver RM for June contract (4.19%).
Similarly the top losers at MCX were CARDAMOM for June contract (-2.14%), CARDAMOM for May contract (-1.37%), Cardamom for April contract (-0.8%), Kapas for April contract (-0.35%), Iron ore for April contract (-0.28%), and copper for February contract (-0.16%).
Moreover, the gainers at NCDEX were light sweet crude oil for March contract (5.9%), Silver for May contract (5.7%), Chilli for March contract (4.0%), Chilli for April contract (4.0%) and Chilli for June contract (4.0%).
The top losers at NCDEX were Guar Gum for June contract (-2.3%), Potato for September contract (-1.8%), Potato for June contract (-1.1%), Guar Gum for May contract (-0.7%) and Gur for September contract (-0.7%).
Yesterday at MCX, the top traded commodities in terms of quantity were Crude oil for March contract with 161,147 lots, Silver RM for February contract with 116,892, Copper for February contract with 86,531, Silver for March contract with 83,667, Nickel for February contract with 43,611, and Silver MIC for April contract with 35,905.
On the domestic arena, at MCX Crude Oil for March contract closed at INR 4,304.00. It touched a high of INR 4,312.00 and a low of INR 4,086.00 after opening at INR 4,086.00. Crude Oil for April contract closed at INR 4,404.00, it touched a high of INR 4,413.00 and a low of INR 4,225.00 after opening at INR 4,225.00. Crude Oil for May contract closed at INR 4,470.00, it touched a high of INR 4,475.00 and a low of INR 4,338.00 after opening at INR 4,343.00.
Gold for April contract closed at INR 2, 0730.00, it touched a high of INR 2, 0758.00 and a low of INR 2, 0, 560.00 after opening at INR 20,560.00. Gold for June contract closed at INR 21,057.00, it touched a high of INR 21,350.00 and a low of INR 20,884.00 after opening at 20,913.00. Gold for August contract closed at INR 21,337.00, it touched a high of INR 21,379.00 and a low of INR 21,108 after opening at 21,118.00.
On Monday afternoon, India gold futures extended gains into a seventh session to its highest level in seven weeks. The most-active April contract on the Multi Commodity Exchange (MCX) was trading at an increase of 0.70 percent at 20,692 rupees per 10 grams at, after hitting a high of 20,705 rupees, on Jan4
Silver for March contract closed at INR 50,290.00, it touched a high of INR 50,420.00 and a low of INR 48,626.00 after opening at INR 48,626.00. Silver for May contract closed at INR 51,086.00, it touched a high of INR 51,200.00 and a low of INR 49,345.00 after opening at INR 49,345.00.
Silver for July contract closed at INR 51,488.00, it touched a high of INR 51,583.00 and a low of INR 50,001.00 after opening at INR 50,001.00
Silver rose to a historical high of Rs 50,300 per kg on Monday because of unrest in the Middle East. Opening at Rs49,955 on Monday morning, the price quickly climbed to cross the Rs50,000 mark for the first time.
As speculators created fresh positions, prompt by increase in demand in the spot market Potato prices registered an increase per quintal in futures trade today. At the Multi Commodity Exchange, potato for March contract rose by Rs 11.20, or 1.54 per cent, to Rs 737.50 per quintal, with a business volume of a single lot. The potato for delivery in May contract also gained Rs 8.60, or 1.16 per cent, to Rs 755.60 per quintal, with a business volume of one lot.
On firming spot market sentiments, the Mustard seed prices increased by Rs 30 to Rs 2,948 per quintal in futures trading. Restricted supply and rising demand mainly influenced the sentiments. At the National Commodity and Derivatives Exchange, mustard seed prices for April contract rose by Rs 30, or 1.03 per cent, to Rs 2,948 per quintal, clocked an open interest 85,860 lots.
At NCDEX, the Dhaanya, an agri commodity benchmark index, was closed at 1,170.22, up by 0.49%.
MCX Crude Mar contract closed on last day of previous week at 4,072 per barrel, up by 42 rupees against previous day’s close of 4030. Support for Crude is seen at 4175 and below it; prices can test 4125 while the resistance levels are seen at 4275 and 4325 respectively.
Yesterday at the MCX, the market breadth was positive with 56 commodities advanced and 7 commodities declined. Similarly at NCDEX the market breadth was positive with 66 commodities advanced and 24 commodities declined.
The top gainers at MCX were Crude Oil for March contract (5.65%), Crude Oil for April contract (4.71%), Silver for September contract (4.47%), Silver RM for August contract (4.37%), Silver MIC for June contract (4.35%), and Silver RM for June contract (4.19%).
Similarly the top losers at MCX were CARDAMOM for June contract (-2.14%), CARDAMOM for May contract (-1.37%), Cardamom for April contract (-0.8%), Kapas for April contract (-0.35%), Iron ore for April contract (-0.28%), and copper for February contract (-0.16%).
Moreover, the gainers at NCDEX were light sweet crude oil for March contract (5.9%), Silver for May contract (5.7%), Chilli for March contract (4.0%), Chilli for April contract (4.0%) and Chilli for June contract (4.0%).
The top losers at NCDEX were Guar Gum for June contract (-2.3%), Potato for September contract (-1.8%), Potato for June contract (-1.1%), Guar Gum for May contract (-0.7%) and Gur for September contract (-0.7%).
Yesterday at MCX, the top traded commodities in terms of quantity were Crude oil for March contract with 161,147 lots, Silver RM for February contract with 116,892, Copper for February contract with 86,531, Silver for March contract with 83,667, Nickel for February contract with 43,611, and Silver MIC for April contract with 35,905.
On the domestic arena, at MCX Crude Oil for March contract closed at INR 4,304.00. It touched a high of INR 4,312.00 and a low of INR 4,086.00 after opening at INR 4,086.00. Crude Oil for April contract closed at INR 4,404.00, it touched a high of INR 4,413.00 and a low of INR 4,225.00 after opening at INR 4,225.00. Crude Oil for May contract closed at INR 4,470.00, it touched a high of INR 4,475.00 and a low of INR 4,338.00 after opening at INR 4,343.00.
Gold for April contract closed at INR 2, 0730.00, it touched a high of INR 2, 0758.00 and a low of INR 2, 0, 560.00 after opening at INR 20,560.00. Gold for June contract closed at INR 21,057.00, it touched a high of INR 21,350.00 and a low of INR 20,884.00 after opening at 20,913.00. Gold for August contract closed at INR 21,337.00, it touched a high of INR 21,379.00 and a low of INR 21,108 after opening at 21,118.00.
On Monday afternoon, India gold futures extended gains into a seventh session to its highest level in seven weeks. The most-active April contract on the Multi Commodity Exchange (MCX) was trading at an increase of 0.70 percent at 20,692 rupees per 10 grams at, after hitting a high of 20,705 rupees, on Jan4
Silver for March contract closed at INR 50,290.00, it touched a high of INR 50,420.00 and a low of INR 48,626.00 after opening at INR 48,626.00. Silver for May contract closed at INR 51,086.00, it touched a high of INR 51,200.00 and a low of INR 49,345.00 after opening at INR 49,345.00.
Silver for July contract closed at INR 51,488.00, it touched a high of INR 51,583.00 and a low of INR 50,001.00 after opening at INR 50,001.00
Silver rose to a historical high of Rs 50,300 per kg on Monday because of unrest in the Middle East. Opening at Rs49,955 on Monday morning, the price quickly climbed to cross the Rs50,000 mark for the first time.
As speculators created fresh positions, prompt by increase in demand in the spot market Potato prices registered an increase per quintal in futures trade today. At the Multi Commodity Exchange, potato for March contract rose by Rs 11.20, or 1.54 per cent, to Rs 737.50 per quintal, with a business volume of a single lot. The potato for delivery in May contract also gained Rs 8.60, or 1.16 per cent, to Rs 755.60 per quintal, with a business volume of one lot.
On firming spot market sentiments, the Mustard seed prices increased by Rs 30 to Rs 2,948 per quintal in futures trading. Restricted supply and rising demand mainly influenced the sentiments. At the National Commodity and Derivatives Exchange, mustard seed prices for April contract rose by Rs 30, or 1.03 per cent, to Rs 2,948 per quintal, clocked an open interest 85,860 lots.
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Trend for Commodity 30-Jan
ReplyDeleteCRUDEOIL (19 FEB.) TREND: CONSOILDATE
RES 1: 6180
RES 2: 6240
SUPP 1: 6060
SUPP 2: 6000
STRATEGY: BUY ON DIPS
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