Thursday nifty sensex looking bearish, mcx ncdex commodity market tips for today

Today commodity market seems to be quite disgraceful for trading because all the mcx as well as ncdex products are looking bearish for future and are traded in a same position. The precious metal silver drop around 200 points at 41143.00 for September. 

SELL SILVER TARGET 41061/41041/41031 STOPLOSS 41175 

In the Indian stock market both the sensex and nifty looks negative. The 30 index bse opened at 20062.00 down by 20 points and the 50 index nse opened at 5970.40 down by 20.1 points. 

In the morning trading session the auto sector, bank nifty and oil and gas are the only sectors which rising up while the IT firm, healthcare, consumer durables, capital goods are strongly working down. 

The Asian market is also looking bearish with the Indian market. Nikkei 225 slumps by 168.35 points at 14562.93 and Hang seng by 60.70 points at 21908.23. BSE mid cap and small cap are following the same trend as of others. 

BUY HEROMOTORS TARGET 1832.25/1835.25/1838.25 STOPLOSS 1817.25

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Tomorrow 16 May Stock Calls, mcx and ncdex Intraday Market Tips and Levels

Rape Mustard seed in National Commodity and Derivatives Exchange for June delivery for India is looking at range which is around 3400 to 3550, and recently this seed traded at down side in Market and the most important thing is that its manufacturing has projected 71.5 lakh tons of mustard seed manufacture this year by Indian Agri.

Chana traded at upside in NCDEX Market and looking with good side in all May, June, July, Aug, Sep Contracts and has support at 3327.6 and has resistance at 3362.5 points. Coriander also looking at bullish side and traded with upside and traded above in Agri Market and the one more thing is coriander has good support and resistance levels also and this is:

S1: 6736.5, S2: 6710.8, R1: 6895.6, R2: 6921.5

After noon MCX Market Catches one situation, market just look like a market is in statue mode, because Gold and Silver is in selling side and all base metals is traded at down side and menthe oil and Cotton also traded falling side, only energy Natural gas is in positive side and its current price is 221.90 with 2.70 points change. Crude oil also going down side with 55 pints change and recently stands with 5135 price.

Stock Calls:


BUY Tata Motors with targets 310/311/312 Stop loss 305

BUY Tata Steel with targets 312/313/315 Stop loss 305 

SELL Ranbaxy with targets 460/455/450 Stop loss 480

Get Daily Commodity Trading calls, MCX Tips, NCDEX Tips, and stock Market updates and tips………..

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