Commodity Braking News Today 10 April 2012

MCX and NCDEX Gram (Chana), Mustard possible ban on future trading                           

Commodity Chana (Gram) and mustard on future trading may be restriction by government. Indian government’s decision is the future of the gram and mustard is subject to restriction on investing or to continue it.

Although Government of India will be recommend ban on future trading. Because gram and mustard is over the futures trading in the ministry of consumer affairs will be meeting. After all conference of the meeting, submit report its reports to the government's Commodity market regulator FMC.

Cotton production of India this year could drop. According to USDA report on export is not clear because of the attitude of the Indian government s are taking a toll on export deals. The Commodity Cotton prices have come down in India.

Online NCDEX Tips, Copper Update, Crude trend today

Copper, Crude Updates 13 Feb. 2012, NCDEX tips for today, Agri commodity Tips, Online NCDEX tips, jeera tips, NCDEX Channa Tips, MCX Copper Tips, Crude Trend Today

MCX Copper seeing positive in previous session.Copper on base metal trading at Rs 425.45 in domestic market, while it was slight edge and trading at Rs 424.40 on Saturday.
Currently MCX Copper is in uptrend, Strategy Buy on Dips with Support 420 to 398 and its resistance 437.
MCX Crude seeing consolidate Today. Energy on Crude oil Trading at Rs 4929 in previous session , while it was edge with 0.5 percent and trading at Rs 4925 on Saturday.
Crude Oil Trend
CRUDE (FEB)
TREND- CONSOLIDATE
STRATEGY- BUY ON DIPS
RESISTANCE- 4971-5016
SUPPORT- 4868-4810

Intraday MCX Tips Today

-Sell Jeera Feb below 14390 with targets 14360, 14330, 14290 and its stop loss 14450.
-Sell Channa Feb Below 3580 Targets 3570 to, 3540 and stop loss 3620.