Multi commodity Exchange of India is
witnessing a mixed mode of trading in all the comodities in the season of monsoon.
All commodities except the base metal nickel are being long &
short with moderate losses.Although there is a very modest increase
in the prices of Nickel.All commodities have been dropped by 0.3-0.15
%.
Increased
trading of future commodities in the commodity future market had
already increased the concern for the Indian Governement.Consumer
Affairs Ministry has called an emergency meeting in the next 2 days
to resolve this issue at the earlier. According to news sources it
has been said that in this meeting the current condition of Commodity
market will be analyzed and further instructions will be set for the
FMC.
Gold at MCX India is
trading with some marginal falls in the prices. Currently the MCX
Gold is trading at 29,430 on other hand the mcx silver is trading at
52,790.MCX Crude oil with a fall of 1% has arrived at 4965 which was
earlier trading above 5000.
Commodity Tips For
Today 25 July 2012
MCX Copper (August futures):
Sell - 418, Stoploss of Rs - 419.50 Target - 414
MCX silver (futures September): Sell - 52 650, Stoploss of Rs - 52800 and Target - 52000
MCX silver (futures September): Sell - 52 650, Stoploss of Rs - 52800 and Target - 52000
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