MCX Comdex shines, chilli takes a dip
On the MCX Wednesday, gold February 2007 closed Rs 28 higher at Rs 9,162 per 10 gm, while silver March 2007 soared to Rs 19,267 per kg, revealing a gain of Rs 123.
By TNN |
MUMBAI: On the MCX Wednesday, gold February 2007 closed Rs 28 higher at Rs 9,162 per 10 gm, while silver March 2007 soared to Rs 19,267 per kg, revealing a gain of Rs 123.
“The February gold contract sees a good support level at Rs 9,090 for a target of Rs 9,150-9,180,” said Ashok Mittal of Karvy Comtrade, adding “In the international markets (Nymex) I expect $613 to be a good support level for the medium term.”
For March silver contract Mr Mittal expects good support at Rs 18,850 and Rs 18,770 levels and resistance at Rs 19,300. Copper February 2007 closed at Rs 299.9, down Rs 3.7 and copper April 2007 closed at Rs 304.2 per kg. MCX zinc December 2006 closed at Rs. 194.1 a kg, down Rs 3.
In the energy segment, crude oil contracts showed a turnover of Rs 153.58 crore with open interest of 539,700 BBL. Natural gas contracts registered a turnover of Rs 39.8 crore with open interest of 3,302,000 mmbtu. MCX Comdex — comprising metals, agri and energy indices — closed at 2209.72, up 10.8 points.
On the NCDEX agri front, urad, mentha, chana, chilli and turmeric hit the lower circuits on expiry of the December contracts. Chana for December ended down 6% at Rs 2,667 per quintal, urad was down 2.5% at Rs 3,045, chilli was down 5.9% at Rs 6,502, mentha oil 3.2% down at Rs 583.4/kg.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
