11/17/2011 05:37:00 PM
Your Advisor
Commodity Live
The day was not good for base metals & bullions, all metals are on downside. Base metal leader copper also decline by 1.805, if copper breaks 384.50 level then it will on bearish trend. Copper prices slipped sharply by more than 2 percent after France and Germany had difference of opinion over the role that the European Central Bank (ECB) would play in dealing with the European debt crisis. While in bullion both precious metal are in red color. Gold decline by 0.40% while silver almost decline by 1%, global bebt worries impact clearly seems in Indian commodity market.
LME Copper trades below the crucial $7600/tonne level. Crude oil prices take support from expected stockpile drawdown.
NCDEX Updates
Guar updates
NCDEX Guar Dec futures traded last at 4,334 Rs. / quintal from 4,319 Rs. /quintal the prior trading day. Guar Seed counter took some profit booking once prices reached near the short term resistance levels yesterday and scaled back, however the closed above the middle Bollinger Band.
Chana Updates
As per the latest release of the Rajasthan Agriculture department, 12.21 lakh hectares has been covered under Chana cultivation as on 8th Nov,2011 as compared to 8.21 lakh hectares in the same period previous year. The government has set the target of 17 lakh hectares for 2011-12. In Maharashtra area sown under Chana cultivation stands around 2.18 lakh hectares till 8th Nov, 2011. Area under Chana in M.P. is up 23%.
We provide all mcx commodity tips, live mcx tips, commodity tips, silver tips, gold tips with daily report. For commodity tips just Click & Register here free. - MCX Commodity Live Tips
