MCX market Tips for 15th October 2012

Silver selling pressure dominates, with a decline of 0.75 per cent in the domestic market silver is trading at Rs 60,745.

Crude oil prices are projected to decrease demand pressure remains. 2 per cent of China's crude oil imports in September fell. At MCX Mentha oil prices gained 2.25 per cent being.

MCX initial weakness in base metals is intact. All metals on MCX is trading with the red mark. Nickel has seen a decline of 0.65 per cent.

Despite the sharp decline in international market growth is being seen in NCDEX sugar futures in October. October sugar futures on NCDEX November futures is trading higher than Rs 100. Soybean yields due to the decline in prices is going to be under pressure. Although the domestic market at prices higher than the international market Soybin has declined. Sibot soybean prices slipped below $ 15.

MCX Tips for today:

Lead (MCX): Sell RS -115, -116 stoploss of Rs Rs Target -113

Silver (MCX): Sell -61 500 bucks stoploss of Rs -61 899, -60 800 bucks Target