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
23 April, 2024 16:08 IST
How to trade in commodities today
Source: IRIS | 26 Aug, 2014, 11.49AM
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 October contract below Rs 27,850 with stop loss Rs 28,000 and target Rs 27,750-27,600.

Sell MCX Silver September contract above Rs 42,100 with stop loss Rs 42,380 and target Rs 41,900-41,750.

Buy MCX Crude Oil August contract above Rs 5,640 with stop loss Rs 5,610 and target Rs 5,690-5,720.

Sell MCX Copper August contract below Rs 432 with stop loss Rs 435 and target Rs 429.50-425.

Sell MCX Zinc August contract above Rs 143.50 with stop loss Rs 144.50 and target Rs 142.40-141.

Buy MCX Nickel August contract above Rs 1,124 with stop loss Rs 1,112 and target Rs 1,134-1,148.

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