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  • MCX Cardamom under fresh… Cardamom on Multi Commodity Exchange (MCX) is on fresh selling, since market has witnessed gain in open interest by 0.84 percent to settle at 362.…
  • Fresh buying in NCDEX… NCDEX Jeera is under fresh buying since market has witnessed gain in open interest by 8.04% to settled at 9,189 while prices up 500 rupees.…
  • Mentha oil futures trade… Mentha oil prices were traded on lower by 2.88% to Rs.1849.40 per kilo in futures market Monday, since speculators have booked profits at current levels despite…
  • Gold futures decline on… Gold prices slid lower by 0.27% to Rs 28,589 per 10 grams in futures trade on Friday as participants went for booking profit at prevailing…
  • Centre approves floor price… To care for domestic pepper growers against a surge in imports the government has approved a proposal from the Spices Board for imposing a Minimum…
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16 August intraday Evening commodity tips | today rupees touch new low of 62.03 | Evening commodity prediction for today

Today in market lots of thing happen lest see one by one

1. Today Indian currency touch all time record low of 62.03 .
2. In domestic commodity market Gold prices crosses a high of 30000 and make a high intraday high of 30470.
3. similarly silver prices also boom on the market on opening of Friday trading session and touch a high of 50219.
4. today cotton prices jump by 3.97% and make a high of 22760.

currently gold and silver prices expected to rise more in domestic market beside increasing in import duty to 10% in this week. In India due to festival and Marriage physical buying demand going to jump in the market and this is a good time for long term investor to wait more hike in the market than book partial profit form the market.

Intraday calls

BUY GOLD OCT ABOVE 30200 TGT 30300, 30400, 30500 STOPLOSS 29850

BUY NICKEL AUG ABOVE 919 TGT 921, 924, 927 STOPLOSS 912

BUY NATURAL GAS AUG ABOVE 209 TGT 210.50, 212, 213.50 STOPLOSS 205

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