Live MCX NCDEX updates 12 June 2012
The slowdown in the international market in caused weakness in gold and silver in the domestic market. Crude oil slipped by 0.5 percent and reached to $ 82 on Nymex.
With a very little increment mcx gold is trading at around 29780. The silver with fluctuation is trading down to Rs 54,700.Crude oil slipped by 1 per cent and arrived to Rs 4,600 on MCX.MCX seems denies any involvement in the base metals. On MCX, aluminum, lead and zinc is up, while copper and nickel have been seeing in the fall.
There is selling pressure at NCDEX spices.
Trading Strategies for MCX NCDEX 12 June 2012
MCX gold (August futures): Buy - 29 650, stoploss of Rs - 29 550 and the target - 29 880
MCX Copper (June futures): Sell - 413, stoploss of Rs - 417 Target - 408
MCX Crude oil (June futures): Sell - 4700, stoploss of Rs - 4750 and the target - 4620
NCDEX Chana (July futures): Sell - 4150, stoploss of Rs - 4190 and the target - 4100
NCDEX pepper (July futures): Buy - 40 150, stoploss of Rs - 39700 and Target - 41,000
MCX Copper (June futures): Sell - 413, stoploss of Rs - 417 Target - 408
MCX Crude oil (June futures): Sell - 4700, stoploss of Rs - 4750 and the target - 4620
NCDEX Chana (July futures): Sell - 4150, stoploss of Rs - 4190 and the target - 4100
NCDEX pepper (July futures): Buy - 40 150, stoploss of Rs - 39700 and Target - 41,000