Mcx commodity tips: Sugar prices closed higher by 0.12 per cent to Rs 2,424 per quintal in evening session in futures trade on Monday as participants increased positions, taking positive cues from spot market on rising demand in view of summer season. At the NCDEX, sugar futures for May 2015 contract closed at Rs. 2,424 per quintal, up by 0.12 per cent, after opening at Rs. 2,427 against the previous closing price of Rs. 2,421. It touched the intra-day high of Rs. 2,436.
Maize prices ended lower by 2.84 per cent on Monday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of heavy selling activity by the traders on account of higher global supplies and weak offtakes from the local buyers. At NCDEX, maize futures for May 2015 contract closed at Rs. 1,165 per quintal, down by 2.84 %, after opening at Rs. 1,204 against the last closing price of Rs. 1,199. It touched the intra-day low of Rs. 1,152.
Natural gas futures ended higher on Monday in the domestic and overseas market as investors and speculators booked fresh positions in the energy commodity as speculation of warmer than unusual weather in mid-May lifted the demand for the fuel from gas-fired power plants. The Global Forecast System said that it expects “well-above normal temperatures” in the US Midwest and Northeast into early next week. At the MCX, Natural Gas futures for May 2015 contract closed at Rs 179.10 per 1 kg, up by 0.28 per cent after opening at Rs 176.6, against the previous closing price of Rs 178.6. It touched the intra-day high of Rs 180.10 till the closing.
Trading Calls for 5 May 2015
STOCK FUTURES
FUTURE: BUY GLEN MARK PHARMA ABOVE 918 TGTS 924/934/948 SL 910
FUTURE BONANZA
FUTURE BONANZA: BUY HEXAWARE ABOVE 284 TGTS 289/296 SL 279
ULTRA FUTURES
ULTRA FUTURE: BUY BHARAT FORGE ABOVE 1285 TGTS 1295/1309 SL 1275
ULTRA EQUITY
ULTRA CASH: BUY UBL ABOVE 965 TGTS 974/984 SL 954
ULTRA OPTIONS
ULTRA OPTION: BUY DLF 140 CALL ABOVE 7.75 TGTS 8.75/10.75 SL 6.75
STOCK FUTURES
FUTURE: GLEN MARK PHARMA MADE A HIGH OF 922.50 NEAR TO OUR 1ST TGT 924 BOOK PART PROFTI AT CMP
EQUITY HNI
EQUITY HNI: BUY SRTRANSFIN IN THE RANGE 831-832 TGTS 845/870 SL 817
STOCK OPTIONS
OPTION: BUY EXIDE 160 CALL ABOVE 8.90 TGTS 9.40/10.15/11.40 SL 8.15
EQUITY TIPS
CASH: BUY EXIDE INDUSTRIES ABOVE 163.25 TGTS 164.50/166/168.50 SL 161.50
STOCK FUTURES
FUTURE: BUY BHEL ABOVE 242 TGTS 243.50/246/249.50 SL 240
ULTRA EQUITY
ULTRA CASH: UBL BUY CALL HIT 1ST TGT 974 CMP 977.50 BOOK PART PROFIT
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