June 19, 2013
Monday in the morning trade the precious metals are looking bearish likewise the base metals are also going down.
For future contract the yellow metals gold decreases by 289 points to Rs. 26731.00 and the white metal silver decreases by 666 points to Rs. 40920.00. This week may be the precious metals work in bearish side.
The energy products crude oil and natural gas are slipping down with the rate of change of 20 points and 3.20 points.
In commodity Market nowadays all base metals square measure seeing at cool-position, now a days Cotton seeing at Negative zone and listed at pessimistic aspect, nowadays cotton starts with 18850 worth and shut with 18980 costs, and yesterday whole day Cotton stands with inexperienced gloom however don’t have any massive movement, however nowadays with high costs Cotton appearance in Negative aspect. Now a days in early Trade fossil oil conjointly open with low costs its gap worth is 5085 and yesterday shut worth is 5092 and Mentha oil starts with incremented points and recently in Market stands with positive costs, its gap worth is 1130 and shutting worth is 1124.
In NCDEX Wheat (April) is positive and a lot of positive facet is certain in close to phrase for the artifact. Resistance for the artifact is probable to be at 1470 level. Commerce Trend of wheat for Apr delivery is trying positive and a lot of positive facet is probable for the artifact in near term and Support is probably going to be at 1380 and resistance is at 1470 level.
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