Monday, February 7, 2011

Free Commodity Trading Tips

On 4th Feb 2011 (Friday), the home commodity markets were shut with a mixed pattern. At MCX upcoming, 3 out of 4 indexes shut with a downward pattern. In the MCX upcoming, MCXCOMDEX shut at 3,377.16 after starting at 3,376.12, MCXENERGY shut at 3,036.91 after starting at 3,049.43 and MCXAGRI shut at 2,960.08 after starting at 2,956.64 while MCXMETAL shut at 4,263.67 after starting at 4,260.96.

At NCDEX, the Dhaanya, an agri commodity benchmark index, is shut at 1,160.69, down by 0.75%.

On the home front, Cardamom prices declined further later on trade last night as speculators booked profits at higher levels amid sluggish demand in the spot market. At MCX upcoming, Cardamom for Feb agreement shut at Rs 1,278.80 against past near cost of Rs 1,331.80, Cardamom for Goal agreement shut at Rs 1,321.80 against past near cost of Rs 1,376.20 and Cardamom for May agreement shut at Rs 1,359.10 against past near cost of Rs 1,413.90.

Supported by firming pattern at London Metal Exchange (LME), Birdwatcher traded higher later on trade last night. At MCX upcoming, Birdwatcher for Feb agreement shut at Rs 462.95 against past near cost of Rs 458.50 and Birdwatcher for May agreement shut at Rs 466.60 against past near cost of Rs 461.95.

Yesterday, at MCX upcoming, the top gainers were Barley for May agreement (1.67%), Nickel for May agreement (1.46%), Barley for Goal agreement (1.33%), Maize for Feb agreement (1.31%) and Gold for September agreement (1.25%).

The top losers at MCX upcoming were Cardamom for Goal agreement (-4.00%), Cardamom for May agreement (-4.00%), Cardamom for Feb agreement (-4.00%), Cardamom for May agreement (-3.00%) and Sugar MDEL for Feb agreement (-2.65%).

Yesterday, at NCDEX upcoming, the top gainers were Kapas for Feb agreement (4.0%), Kapas for Goal agreement (4.0%), Guar Gum for June agreement (3.0%), Guar Gum for May agreement (2.9%) and Chilli for May agreement (2.5%)

The top losers at NCDEX upcoming were Natural organic cotton Seeds Oilcake for Feb agreement (-3.1%), Natural organic cotton Seeds Oilcake for Goal agreement (-3.1%), Natural organic cotton Seeds Oilcake for May agreement (-3.1%), Natural organic cotton Seeds Oilcake for May agreement (-2.7%) and Sugar M Grade for Feb agreement (-2.3%)

Yesterday, at MCX upcoming, the top traded commodities in terms of quantity were Crude Oil for Feb agreement with 1,97,956 plenty, Gold M for Feb agreement with 1,18,727 plenty, Birdwatcher for Feb agreement with 89,950 plenty, Gold for Goal agreement with 84,457 plenty and Nickel for Feb agreement with 41,693 plenty.

On the home arena, at MCX upcoming, Crude Oil for Feb agreement shut at Rs 4,090.00 against past near cost of Rs 4,146.00. Gold for Feb agreement shut at Rs 20,054.00 against past near cost of Rs 20,096.00. Gold for Goal agreement shut at Rs 44,440.00 against past near cost of Rs 44,133.00. Natural Gas for Feb agreement shut at Rs 198.70 against past near cost of Rs 201.50.

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