Today Indian rupee surge by 64 paise per dollar

Today rupee gained by 64 paise to 59.40 per dollar after announcing RBI measures in Indian market ,RBI governor subbarao said that to all policy measures to curb the liquidity of currency..

Rupee trade at 59.35 rs/dollar at 11:40 am at early trade of Tuesday morning.

In other side precious metal open with negative note and again going in a down position silver august trade at 40906 on Tuesday morning 12:08 pm .,cotton also shows uptrend for future decrease by 50 points.

SELL COTTON ABOVE 19500 TGT 19480,19450,19430 SL 19530

SELL SILVER AT 40860 TGT 40810,40780,40730 SL 40900

SELL GOLD BELOW 26424 TGT 26400,26380,26350 SL 26450

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INTRADAY CALLS FOR TODAY

MCX COMMODITY CALLS  FOR  JUNE 26, 2013

SELL   SILVER  AT 39475 TGT  39375,39275,39175 SL 39525

SELL GOLD AT 26110 TGT 26060,25990,25940 SL 26150

SELL CRUDE OIL AT 5662 TGT 5655, 5650, 5645 SL 5678

SELL  MENTHE OIL 1012.20 TGT 1000,1008,1006 SL 1014

SELL NICKEL 821.20 TGT 820,8196,818 SL 822

MCX lead bearish for short term nickel is in buying side

Base metal has shown very different stage in commodity market some times it fluctuate but sometimes it steady on their previous position , we have to explain each and all commodity terms.. 

Lead :lead future for may delivery is expected to bearish for short term , intraday commodity has supported at 107 and resistant level 108.7   One of the reasons for this small growth at the beginning of the year, however, was the extremely cold weather. In the last quarter of 2012, the German economy had suffered a major setback of –0.7%, according to the most recent calculations

MCX nickel for May delivery was also seen trading up by 0.11% at Rs.816.30 per kilogram as of 11:05 AM IST on Thursday.. 

Buy nickel at 816.80 target 817, 817.50,818 SL 816.50 
Buy menthaoil at 916 target 918,920,922 SL 915

Wednesday morning updates and intraday commodity calls for today

Today nifty cross the level of 6000 and trade on 6056 in positive side with the gain of 12. 50 % BSE sensex also up by 54.43 points and now trade on 19944 at 11.40 AM.

Bullion commodity looking on positive side yesterday it was showed negative movement and down by 400 points in silver .crude oil also supported at above 5000 points ,natural gas seen in bearish side, 

Trader association from Maharashtra have decided to launch an indefinite trade bandh acros the state Wholesale and retail traders from from Mumbai, Thane and Nagpur have been on an indefinite strike since last fortnight in protest against imposition of LBT(local body text)
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FAM is also considering a non-cooperation agitation where traders would be asked to pay only five per cent amount of value added tax

Intraday commodity calls : 

Buy gold above 26753 target 26773,26793, 26813 SL 26730 
Buy silver above 44833 target 44880, 44920, 44970 SL 44800
Buy cotton above 18030 target 18050,18070,18090 SL 18000

crudeoil updates and current market updates on 6th may

Sensex up 39 points in early trade. The BSE benchmark sensex today rose over 39 points in early trade on Monday morning .asian marke also shows a trading sentiment here . The 30 share index which had lost 160.13 points in previous session,recovered by39.42 points or .20%to 19615.06 with stocks of metal,IT sector leading rise in early trade. 

In commodity gold silver seen in positive direction but we saw current surge in crude oil these happened bcoz of isrial has attacked seria on Friday last week.

crude oil for delivery on June 13 was seen trading at $96.88 registering a gain of $1.27 or 1.33%. Base metal is in green shade ;

commodity calls for base metal 

Buy aluminum at 101.25 tgt 101.50,101.75,102 sl 101 
Buy copper at 395.85 tgt 396,396.20.396.40 sl 395.75 
Buy zinc at 101.65 tgt 101.85,102.05,102.55 sl 101.45

wipro decline in fourth quarter,commodity calls for 20 feb

Wipro has disappointed his findings once again. 2 year old has not break the bad streak Wipro. In terms of guidance for further improvement in results has not been any scope. 

Wipro net profit in the fourth quarter of fiscal 2013 increased 0.7 per cent to Rs 1728.7 crore. Wipro net profit in the third quarter of fiscal year 2013 was Rs 1716.4 crore. In the fourth quarter of fiscal 2013 sales Wipro rose 0.25 per cent to Rs 9613 crore. 

Wipro's sales in the third quarter of fiscal year 2013 was Rs 9587.5 crore. 

Commodity gainers and losers: 

Gainer:silver,gold ,zinc , crude oil 
Losers: potato, cotton,

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