Copper futures up on spot demand.

-

On the Multi Commodity Exchange, copper contracts for October delivery traded higher by Rs 1.80, or 0.41 per cent, to Rs 442.40 per kg in a business turnover of 1,957 lots.



Copper prices traded up by Rs 1.80 at Rs 442.40 per kg in futures trade on Monday on pick-up in spot demand. Higher prices of the metal in global markets also influenced the sentiment, traders said.

On the Multi Commodity Exchange, copper contracts for October delivery traded higher by Rs 1.80, or 0.41 per cent, to Rs 442.40 per kg in a business turnover of 1,957 lots.
Similarly, the metal for delivery in November edged up by Rs 1.90, or 0.43 per cent, to Rs 447.45 per kg in 166 lots.
Trading on the MCX was closed till 1700 hrs on Monday on account of Maharashtra Assembly elections
Globally, the three-month copper contract traded higher by 1.17 per cent at USD 5,806 per tonne on the London Metal Exchange.

The Great Diwali Discount!

On the occasion of Diwali (Festival of lights) Alliance Research is offering it's a customer a Good offer from 21st  to 31st Oct. 2019 i e. 40% off in all premium and HNI services.


Source by  Moneycontrol

Professional Advisory For Help And Support- AllianceResearch




Comments

Post a Comment

Popular posts from this blog

What is a Trading Plan?

-
Image
How many times have you had a position to go against you? You planned the trade correctly, but soon after you bought your initial position, you discovered that the price you paid was higher than what it was now worth. The first trade was a loser compared to the market price. What could you do with this losing trade? You could sell it out and look to buy something else, or you could buy a few more shares or contracts at the new lower price. Which is the better solution to your dilemma? In most cases, Most people, however, would buy more at lower prices. They would average their losses on the way down if they are buying, or average their losses on the way up if they are shorting. There's an old saying that if it looked good at a higher price, it looks a lot better at a bargain price. Traders determine whether they will average or not by looking at what they are trading: stocks,  options , or futures. Let's look at each of these trading vehicles in terms of averaging...
Read more

How to find and invest in blue-chip stocks for long-term?

-
Image
The stocks that are of high quality, the companies which are established, big, renowned, and are in the market for decades are called blue chip stocks .  Blue chip stocks got their name from the poker game. In a poker game, there are three colored chips white chips (valued at $1), red chips (valued at $5), and blue chips (valued at $10).  Blue chip  is an analogy that is used for identifying the “most valued stock”. What factors make a stock/company “blue chip”? There is a combination of factors that transform a stock into a blue-chip stock means the stocks Which has the largest market share Is highly valued. Has strong financial standing. Pays regular and  high dividend . The company is large and established one. Strong and known brand name. Which has high weight-age in main stock indices etc. Blue chip companies have the largest market share Every company operates in a specific sector or industry and there can be many companies operating in ...
Read more

Intraday trading strategies for commodity market

-
Image
Intraday trading strategies for commodity market and stock market Online trading is done on a large scale in all countries of the world. Of course, this is considered a risky business. But if the right discipline and patience are used then big profits can be made here .  Various techniques are used to earn consistent profits. There are some intraday trading tips and strategies that are most used by traders. Similar Popular strategies will be given in this post. 1 . Opening range breakout strategy This intraday trading strategy is most commonly used by intraday traders. A straight line is drawn at the upper and lower levels of the opening hour of a commodity. When a commodity breaks its initial levels in any direction, traders make their positions in that direction. The timing of the commodity's opening range can also be changed. One hour can be used in commodity and 30 minutes in stock market. The diagram of this strategy is shown below. ...
Read more