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The bullion metals, gold and silver in the domestic market is growing strongly. An increase has been recorded in the crude oil but the base metals are still trading under pressure.

Currently, with a gain of 0.2 per cent, MCX gold is trading at Rs.30,560 while MCX Silver is at a gain of 0.4 per cent is trading at Rs. 57,835. MCX Crude oil has risen 0.5 per cent and is currently at Rs. 4630.Although base metals have declined 0.25-0.5 per cent on MCX.

Meanwhile on NCDEX turmeric with 1.5 per cent growth is trading at Rs 5,160. Similarly the red pepper is trading around Rs 5,070 with a gain of 1.5 per cent. However, NCDEX soybean and Soyatel have declined 1.5-2 per cent. MCX crude Pamtel has also slipped 1.5 per cent to Rs 421.50. With a gain of 0.1 per cent on MCX cardamom is trading at Rs 766.80.

Commodity Advice for 6th Nov 2012

MCX Copper (Nov Futures): Buy - 417, stoploss - 421 and the target - 411

MCX Zinc (November futures): Sell - 100.5 stoploss - 101.8 and target - 98.5

MCX cardamom (November futures): Sell - 750, stoploss - 760 and the target - 710


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