STARINDIA Research MCX Base Metal TIPS UPDATE

UPDATE:-

KINDLY BOOK PARTIAL PROFIT IN ZINC BUY CALL 1ST TGT 201.40 HAS ACHIEVED PROFIT RS. 5000/- IN 2 LOTS

zinc 5

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Today’s Commodity Market Tips- Ride-the-base-metal-rally-on-stock-options-experts

Commodity stocks such as VedantaBSE -1.27 %, HindalcoBSE 0.76 %, Hindustan Zinc and Nalco could witness potential 8-15 per cent upside from current levels in the next three to five weeks as the base metal they produce are on the cusp of making fresh highs, having broken out from long standing trading ranges and on a relatively weak dollar.

metal strategy
For example, the generic zinc futures contract traded on MCX intraday Thursday was just 5 per cent shy of its 11-year high. Similarly, aluminium futures had broken out of the Rs 90-130 range of the past seven years on Thursday.

The dollar index, which measures the US dollar against other leading currencies, has fallen almost 11 per cent at 92.55 intraday Thursday from its 52-week high on January 2, 2017.

MCX base metals take cues from those traded on LME as well as the Chicago Mercantile Exchange. The stocks would replicate the movement of the commodities traded on MCX.

However, since the Nifty has rallied 25 per cent from its lows of December 26 to 9,904 on August 17, derivatives experts, like Ashish Chaturmohta of Sanctum Wealth Management, suggest trading bets could be initiated through stock options, rather than through stock futures, as a moderate risk-high reward strategy.

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STARINDIA Research HNI MCX TIPS UPDATE

UPDATE:-

KINDLY BOOK PARTIAL PROFIT IN LEAD SELL CALL 1ST TGT 158.85 HAS ACHIEVED PROFIT RS. 7000/- IN 2 LOTS

lead4

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Commodity News and Trends on Gold Market

Gold edged up early Thursday, extending gains from the previous session, as the dollar remained subdued after minutes from the Federal Reserve’s July meeting hinted at a delay in further rate hikes.

Spot gold was up 0.4 percent at $1,287.21 per ounce by 0110 GMT, after gaining nearly 1 percent the previous day.

Gold, silver trade

U.S. gold futures for December delivery rose 0.8 percent to $1,293.30 per ounce.

The U.S. dollar was on the defensive on Thursday after the minutes from the Federal Reserve’s last policy meeting showed policymakers were increasingly wary of recent softness in inflation and could delay a rate hike.

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STARINDIA Research MCX Bullion TIPS UPDATE

UPDATE:-

KINDLY BOOK PARTIAL PROFIT IN GOLD SELL CALL 1ST TGT 28845 HAS ACHIEVED PROFIT RS. 10,000/- IN 2 LOTS

gold-loses-lustre-post-gst-rollout

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Market Commodity Trends

Commodity  Trends

  R1 S1
GOLD 29444 28908
SILVER 39808 38619
CRUDE 3217 3080
COPPER 415 402
LEAD 151 145
NICKEL 704 670
ALUMINIUM 132 124
ZINC 186 176

 

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Commodity Outlook on Aluminum Market

Aluminum:-

Aluminum gave a long upside  from last two weeks and prices closed at 130.15 for coming days prices can rise till level 132, if the pullbacks seen on upper side. As major resistance comes at 132 handle, the correction can be up to 124 major support.

aluminium

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