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Gold futures on local exchanges were trading lower tracking the fall in international markets, where prices declined due to the slight strength in dollar against the euro and on concerns over physical demand. The downside in the local prices was limited due to the weak trend in rupee against the dollar.
MCX Lead February contract is looking slightly positive for the day. Market may find support near 128.90, 127.70, intraday resistance can be seen near 130.60 & 131.80 Day traders are advised to buy intraday on dips. (Buy around 128.90 with SL 127.70 for the target of 130.60 & 131.80)...
Read more here @ http://www.live-market-tips.com
CPO March contract was up by 0.83% to Rs 561 per 10 kgs, potato May contract was up by 3.43% to Rs 1,210.60 per 100 kgs, potatoTRWR March contract was up by 4.00% to Rs 802.60 per 100 kgs while cardamom March contract was down by 1.67% to Rs 921.20 per kg, menthaoil May contract was down by 3.97% to Rs......
Read more here for trading strategies @ http://commodity-intraday.blogspot.in/2012/03/ncdex-for-today-tips-and-trend-14th.html
The stock market trading goes under bearish behavior and made pressure on traders to sell the stocks, Sensex is down 558.60 points at 26881.52 and Nifty is down 178.80 points at 8146.60.
Bank, Pharma, and Oil stocks are falling sharply. Bharti Airtel is up 4 percent while Cipla, Axis Bank, Vedanta, BHEL and NTPC are among the losers.
The stock market trading is showing bearish behaviour as corporate earnings for March quarter. The Sensex is decline by 76.60 points at 28589.44 and the Nifty is down 45.10 points at 8661.60.
Indian rupee gets weak against dollar around 2 paise lower opened at 62.32 today.
Share of ONGC and Oil India companies goes higher due to cut in the petrol and diesel prices.
In the commodity Market the Gold and Crude oil prices going down the line due to dollar showing strong side in the currency market.
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