Sureshot Mcx Commodity Trading Tips For Tomorrow

On the international front, Hedge funds enlarged their net-long positions on gold in the week ended March 1, 2011 due ongoing geo-political tensions in the Middle East. Managed money funds increased their positions 9% to 186,988 futures and options contract, according to Commodity Futures Trading Commission (CFTC) report.

Currently, Domestic commodities markets are trading with positive note. Most of the indices are showing upward trend on Multi Commodity Exchange (MCX) except MCXAGRI. At MCX futures, MCXCOMDEX is trading at 3,591.97 (up by 0.71%), MCXMETAL is trading at 4,540.11 (up by 0.53%), MCXENERGY is trading at 3,346.59 (up by 1.37%), and MCXAGRI is trading at 2,904.04 (down by 0.21%). (At 11:25 AM today).

At NCDEX, the Dhaanya, an agri commodity index, is currently trading at 1,121.38, down by 0.49% (At 11:23 AM today).

On the domestic market, Cardamom futures are trading with positive note today. March future surged as much as 3.00% to Rs. 1,098.10 per kg on the MCX as speculators enlarged their long position at the existing price level to meet the marriage season demand. Moreover, restricted arrivals from the major producing regions also kept the prices in positive zone.

At Multi Commodity Exchange (MCX), cardamom future for March contract is trading at Rs. 1,075.10 per kg, up by 0.83%, after opening at Rs. 1,082.00 against the previous close price of Rs. 1,066.10. It touched the intra-day high of Rs. 1,098.10 till the trading. (At 11:23 AM today).

The top gainers at MCX are Silver for December contract (2.78%), Potato for April contract (2.02%), Silver M for November contract (1.92%), Silver for September contract (1.86%) and Crude oil for June contract (1.86%). (At 11:21 AM today).

The top losers at MCX are Iron ore for April contract (-1.46%), Mentha oil for March contract (-1.40%), Mentha oil for May contract (-1.16%), Iron ore for March contract (-0.93%) and Lead for May contract (-0.71%). (At 11:20 AM today).

The top gainers at NCDEX are Turmeric for April contract (4.00%), Chilli for June contract (3.3%), Chilli for April contract (2.5%), Potato for March contract (2.1%) and Turmeric for May contract (2.00%). (At 11:14 AM today).

The top losers at NCDEX are Potato for July contract (-4.00%), Potato for August contract (-4.00%), Castor seed for May contract (-3.6%), Castor seed for June contract (-3.5%) and Castor seed for April contract (-2.5%). (At 11:17 AM today).

Gold futures are trading with positive note in the domestic market today on the back of tracking firm global cues. April future rose as much as 0.63% to Rs. 21,232.00 per 10 grams on the MCX as political tensions intensified in the Middle East nations and crude oil continued to gain on fear of supply disruption, boosting the demand for precious metal as a hedge against uncertainties and inflation. The concern about rising inflation and currency devaluation lifted the gold prices 30% last year for the 10th annual gain. Moreover, silver also advanced in the domestic market due to tracking global cues today.

For more detail visit here...........
Free mcx Gold Tips || Mcx Silver Trading Tips