Stock Martket BSE » Commodities

Margins on crude oil might rise

admin — Tue, 10 May 2011 02:58:05 +0000

Peter Hickson, Global Head-Commodity Research at UBS said that there is a reasonable suggestion that margins on crude might increase. There is a range of factors impacting commodities. Potential pullback may be seen in oil prices. Silver, crude oil prices had risen too sharp. He feels that commodities could see a strong H2 after a dull summer. Strong buying opportunities could be seen for 2HFY12.

He further said that silver went through some key resistence levels and is likely to settle in the $ 30-35/oz range. Silver is having strong resistance around $ 41/oz. Rationale for silver’s rise is still present. Dollar weakness is unlikely to reverse in a hurry, he added

Free Intraday Commodity Tips – 17 March 2011

admin — Thu, 17 Mar 2011 02:32:34 +0000

Sell Nickel MCX March between 1147 – 1150, Stop Loss: 1158.10, Target: 1134.10 (CMP-1147)

Sell CrudeOil MCX March between 4460 – 4470, Stop Loss: 4498,Target: 4415 (CMP-4460)

Sell MCX Mar Nickel at 1152 / 1153, Stop Loss: 1158.7, Targets at 1143 / 1138 CMP 1152

Free Commodity Tips – 2 March 2011

admin — Tue, 01 Mar 2011 11:21:42 +0000

Buy Chana at Rs 2480-2490, stop loss below Rs 2430, target Rs 2560-2590

Sell Crude between Rs 4400-4410, stop loss above Rs 4473, targets Rs 4305-4257

Book partial profit in Pepper, sell between Rs 22200-22230

Sell Jeera March between Rs 17435-17425, target Rs 17110-17025, stop loss above Rs 17530

Sell Kapas SRNR between Rs 1185-1195, stop loss above Rs 1221, target Rs 1125-1102

Sell Pepper March between Rs 22500-600, target Rs 22100-21850, stop loss above Rs 22795

Sell Chilli March between Rs 9690-9740, stop loss above Rs 9910, target Rs 9410-9250

For Future Tracker

Commodity prices and its impacts on global economic growth – 1 March 2011

admin — Tue, 01 Mar 2011 04:26:19 +0000

The markets had a roller-coaster ride. Markets surged and sold off with equal ferocity. Markets are trying to find a support 5250 levels in nifty, and on the higher side we have a clear resistance at yesterday’s high of 5477. Bias is towards positive side as crude oil is under control and global cues are positive.

When world is worried of the consequence of surging commodity prices and its impacts on global economic growth, assuming 9% real GDP growth is too optimistic.Timely implementation of GST, it is well neigh impossible to achieve such super normal growth.

Budget has taken some laudable steps to relieve supply side pressure on food inflation and giving infrastructure status to cold storages is a welcome a step.

Coromandel and Zuari, with their lined up expansions are set to benefit to the most. Excise duty exemption for equipment supplied to UMPP means capital goods players like BHEL is in for good times.

Unless government pulls off radical reforms like liberalization of FDI, diesel deregulation, timely implementation of GST, it is well neigh impossible to achieve such super normal growth.

Free Intraday Commodity Tips – 22 Feb 2011

admin — Tue, 22 Feb 2011 03:15:33 +0000

Buy CrudeOil MCX March between 4228-4222,SL-4191,Target-4276. Sell Copper Feb between 444.5-445.5 with SL above 450 and target of 436 and 434 Sell Nickel Feb between 1313-1317 with SL above 1328 and target of 1295. Exit Zinc Long bet 114.9-115.1 Related posts:Free Commodity Tips – 2 March 2011 Commodity Tips – 21 Feb 2011 Soyabean futures [...] Related posts:

Commodity Tips – 21 Feb 2011

admin — Sun, 20 Feb 2011 16:32:55 +0000

Bullion : MCX April gold prices gained about 1% in the last the week as compared to previous week’s close due to inflationary pressure coupled with safehaven demand on the back of geo-political concerns supported rise in prices. The Middle East tensions are additionally supporting a rise in prices as investors move to gold in times of uncertainty. After Egypt the concern has spread to Iran, Israel and other Arab nations, threatening to affect global market sentiments. For this week, we expect gold prices to continue the uptrend, as tensions in the Middle East escalate, thus supporting safe-haven demand. Concerns over inflation also remain at the forefront and will be a supportive factor for gold. Spot gold has a strong support at $1360/$1340 levels and resistance at $1400/$1412 levels. MCX April Gold has a strong support at 20,330/20,150 levels and resistance at 20,680/20,800 levels. MCX March Silver has a strong support at 45950/44,400 levels and resistance at 48,500/49,430 levels.

Gold Attains New Four Week High On The Back Of Concerns In Middle East

admin — Fri, 18 Feb 2011 16:49:34 +0000

Gold prices attained a new four-week high on Thursday after investors resorted to hefty safe-haven buying on speculations that the tensions in Middle East nations could continue to linger. The recent Egypt uprising inspired civil upheaval in Bahrain and Libya. On the same time undermining in American dollar bolstered the yellow metal demand which surged over half a percent in the day’s trade.

Gold futures for April delivery settled $9.20 higher at $1,384.30 an ounce on the Comex division of the New York Mercantile Exchange, whereas Spot gold moved up $8.30 to $1,384.50 an ounce.

Commodities Market – 18 Feb 2011

admin — Fri, 18 Feb 2011 02:44:19 +0000

Crude Oil Buy near 3820, Stop Loss below 3785, Targets: 3875 / 3905

Gold Buy near 20480 / 20465, Stop Loss below 20415, Targets: 20540 / 20580 and 20635

Silver Buy near 46050 / 46150, Stop Loss below 45800, Targets: 46450 / 46650 and 47100

Copper Sell near 448 Stop Loss above 451, Targets: 442 / 440.3 and 437

Book partial profit in Aluminum, Sell Call between Rs 112-112.10

Stoploss triggered in MCX March Silver as per our buy call

MCX Market – 16 Feb 2011

admin — Wed, 16 Feb 2011 15:12:15 +0000

MCX Copper stop loss triggered above Rs 455.35 as per sell given between Rs 454.30-454.40. CMP Rs 453.50 MCX Nickel target achieved as per buy given between Rs 1298-1299. CMP Rs 1306 Related posts:Commodities Market – 18 Feb 2011 Free Intraday Commodity Tips – 22 Feb 2011 Free Commodity Tips – 13 April 2011 Related posts:

Soyabean futures are trading lower on the back of fresh selling pressure – 16 Feb 2011

admin — Wed, 16 Feb 2011 15:05:28 +0000

Soyabean futures are trading lower on the back of fresh selling pressure and unwinding of long positions. The weakness in the global markets too is weighing down the prices, soyabean prices at CBOT fell significantly on Tuesday, however, the weather in Argentina has improved and there seems no immediate threat to the crop.

The contract for February delivery was trading at Rs 2389.00, down by 1.50% or Rs 36.50 from its previous closing of Rs 2425.50. The open interest of the contract stood at 51190 lots.

The contract for March delivery was trading at Rs 2438.00, down by 1.34% or Rs 33.00 from its previous closing of Rs 2471.00. The open interest of the contract stood at 221560 lots on NCDEX.