Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
25 April, 2024 09:11 IST
How to trade in commodities today
Source: IRIS | 22 Apr, 2014, 11.50AM
Rating: NAN / 5 stars.
Comments  |  Post Comment

Amit Gupta, research head, Kedia Commodity Comtrade gave following technical strategies on base metals and energy space:

Sell MCX Gold June contract at Rs 28,550 with stop loss Rs 28,680 and target Rs 28,420-28,260.

Sell MCX Silver May contract at Rs 42,300 with stop loss Rs 42,650 and target Rs 42,050-41,780.

Sell MCX Crude Oil April contract below Rs 6,350 with stop loss Rs 6,398 and target Rs 6,305-6,265.

Sell MCX Copper April contract below Rs 407 with stop loss Rs 409.80 and target Rs 404.80-402.20.

Buy MCX Zinc March contract above Rs 123.30 with stop loss Rs 122.40 and target Rs 124-124.80-125.50.

Buy MCX Nickel March contract at Rs 1,070-1,075 with stop loss Rs 1,056 and target Rs 1,086-1,098-1,112.

Disclaimer: IRIS has taken due care and caution in compilation of data for its web site. Information has been obtained by IRIS from sources which it considers reliable. However, IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website.

 Post Comment
Name Email
Comment
Security Code type    into this box
Related Articles
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer