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MCX stands for Multi commodity Exchange which is an independent commodity exchange based in India. It was inaugurate in 2003 and is based in Mumbai. It is India's biggest commodity futures exchange
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Ideal Stock Investment Advisor is a pioneering financial advisory firm having a team of specialized financial market analysts having massive experience in carrying out capital market research. We deliver reliable tips and advices for stocks, future and option (F&O) traded in the NSE and BSE, commodities such as bullion, agri and metals traded in the MCX and NCDEX. We offer daily and weekly reports having stock and commodity market overview that assists the investors to identify with the trends of the market and assists in taking smart decisions. For More: - http://www.idealstock.in/
India, is leading consumer of MCX gold has witnessed a growth of 11.5% in gold production in August at 123 kg while diamond production rose 14.2% to 2861 carats, even as the nation depends on imports to meet a lion’s share of its demand in market for precious metals. More Information about MCX Gold Price visit my site maxcommodity.com
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Max Commodity has come out with its report on MCX Nickel. According to our research firm, unless the high of Rs 969.30 is crossed, MCX nickel can fall towards the key daily moving averages, ie till Rs 920. At that level, it has formed an inverted hammer, a bearish pattern. Thus, the high of 969.30 becomes a key resistance. The daily momentum indicator triggered a sell signal near the overbought zone.
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Higher arrivals from the new crop and last years carryover stocks market at the auction centers pull down the prices of MCX cardamom during the week. Highest arrivals in the range of 77 mt to 70 mt were reported at major auctions. However, reports of robust export data cushioned the rate some extent. The small MCX cardamom exports up by 218% to 590 tonnes and the value surged by 176% to Rs. 5,819.12 lakh. MCX Cardamom ended the week down 4% at Rs. 845.40 per 1 kg.
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