After the Government's tough stance hit the mcx commodity and ncdex commodity market today at the worse.NCDEX Commodities Chana, mustard and soyabeans have been dropped sharply by 1.5-3.5 percent.
At multi commodity exchange the effect was reverse where the mcx crude oil bounced back and made a up of 1 percent. The mcx crude oil is trading at 4980.We expect crude oil prices to trade on a positive note on 27 July – 30 July 2012. If you have been trading in the crude oil and have some positions we recommend you to Sell it at around 4985, with a stop loss of 5040 & traget of 4940.
The precious metal gold is trading at 29,850 & mcx silver is at 53,450 with a sluggish mode.In today’s session we expect precious metals to trade with upward bias.MCX Base metals are trading with moderate losses.
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