Although, Gold, Silver, Jeera and few other commodities are having positive leads, but the whole Indian Market is down with heavy losses. In Stock Market, Sensex has dropped by 956 points and currently trading at 26045.23 and Nifty has dropped by 301 points and currently trading at 7969. In Asian Market, Nikkei has dropped around 1268 points (8.47%) and other Asian Indices are also trading with big losses. In Stock Market, all the sectors are moving negatively with the no signs of any gainer today. It’s clearly visible the top reason behind this crisis. With the china’s issue, Brexit can take up the market towards recession. In Commodity Market, most of the Mcx and Ncdex commodities are trading in negative zone, while few are rising up. Gold is currently trading at 31708 with the hike of 1794 points (6%) and Silver is trading at 42739 with the hike of 1549 points (3.76%), Crude oil is trading with the loss of 141 points (4.2%). According to experts, doing any trade in panic would not be good for the traders and we need to wait for the left out declarations.
Like yesterday, the Indian Commodity Market has continued to performing low, while few Mcx and Ncdex Commodities have seen moving up today. Gold has been dropped to 30231 after losing 65 points and Silver has been dropped to 41255 after losing 100 points, while Crude oil has made a nice opening and currently trading at 3406 with the gain of 53 points. In Mcx Commodity Market, most of the base metals like Aluminum, Copper, Zinc and Mentha oil are trading in loss, while Lead and Nickel have positive leads. Crude oil Sep and Crude oil Mini Dec Jul Sep contracts are the Top Mcx gainers today, while Crude Palm oil Oct, Cardamom Jul Aug and Cotton Oct contracts are the Top Mcx Losers today. Likewise Mcx, Ncdex is also facing a tough time, where most of the Agri Commodities are under the red zone. In Ncdex Commodity Market, Charjddel and Dhaniya have positive leads, while Rmseed, Sybeanidr, Cocudakl, Tmcfgrnzm, Sugarm, Jeeraunjha and Barleyjpr are trading in loss. Coriander Jul Aug, Chana Jul and Maize Kharif contracts are Top Ncdex Gainers today, while Jeera Oct Jul Aug and Wheat Sep contracts are Top Ncdex Losers today.
BUY LEAD JUNE MCX ABOVE 116.15 ( AVERAGE ON DIPSA ROUND 115) STOPLOSS BELOW 114.70 TARGET 117.20, 117.90. INTRADAY TARGET 116.40-50
SELL NICKEL JUNE MCX BELOW 619.45 ( AVERAGE ON RALLY AROUND 627.90) STOPLOSS ABOVE 629.95 TARGET 613.10, 606.50. INTRADAY TARGET 616-615.50
Today Indian Stock Market ended up with the minor loss of 0.2%, but the market scenario quite different for the Commodity Market. In Mcx Commodity Market, only few commodities are trading with green sign and the rests have moved down, while in Ncdex Commodity Market, Agri Commodities have average momentum. Precious metal Gold is currently trading at 30343 with the loss of 352 points and after losing 470 points Silver has slipped down to 41325. In other commodities, Crude oil is at 3349 with loss of 0.77%, Natural Gas at 185.20 with the loss of 0.32%, Copper at 310.15 with the loss of 0.8%, Nickel at 622.30 with the loss of 0.22%, Lead at 115.35 loss of 1.07% and Zinc at 134.7 with the loss of 0.99%. Few commodities which have secured positive attitude are Aluminium at 110 hike 0.09% and Menthaoil at 0.14%. In Agri Commodities, Charjddel gained 19 points, Rmseed gained 48 points, Sybeanidr gained 4 points, Cocudakl lost 38 points, Tmcfgrnzm gained 76 points, Dhaniya gained 93 points, Sugarm lost 16 points, Jeeraunjha lost 165 points and Barleyjpr lost 12.50 points.
In Commodity Market, Cardamom Nov, Crude Palm oil Oct, Alumini Sep and Crude palm oil Sep contracts are the Top Mcx Gainers, while Cardamom Jul and Cotton Nov Jun Jul contracts are Top Mcx Losers. Similarly, Maize Rabi Sep, Coriander Sep, Turmeric Sep and Coriander Aug contracts are the Top Ncdex Gainers, while Cotton Seed Oilcake Dec July Aug & Sep contracts are Top Ncdex Losers today.
Today will be a historic day in the book of Commodity Market. All Mcx Commodities are trading in positive zone and most of them are trading with big hikes. In Precious Metals, Gold is trading at 29557 with the hike of 191 points (0.65%) and Silver is trading with the hike of 730 points which is approx 1.87%. In Energy, Crude oil is trading at 3385 with the lead of 40 points (1.2%) and Natural Gas is trading at 166.40 with the lead of 1.30 points (0.79%).
Indian Stock Market ended very well today. Sensex gained the lead of 232.22 points & Nifty gained the leads of 65.40 points. Commodity Market has been facing a tough day, with the day passing the commodities felled deeper every hour. In Mcx Commodity Market, Gold is trading at 29195 with the loss of 255 points, Silver is trading at 38756 with the loss of 386 points and Natural Gas is trading at 162.30 with the loss of 1.40 points, while Crude oil is trading at 3352 with the hike of 47 points.
After having a weak opening in the morning session, Bullion Commodities have gained positive leads in the noon and currently trading with plus points. While even after have a strong opening the Crude Oil is now trading under high pressure. Currently, Gold is live at 28718 with the gain of 91 points and Silver is live at 38558 with the hike of 158 points, while Crude oil is trading at 3278 with the loss of 55 points. In Mcx Commodity Market, other commodities are like Natural Gas at 155.90 hike 0.90,