RESEARCHVIA - TODAY'S NCDEX TIPS 29/10/2013

Agro Outlook

D A I L Y

B U Z Z

Lead prices traded marginally higher by 0.37 per cent to Rs 134.80 per kg in futures trade today as speculators created fresh positions after a rise in demand from battery-maker in the spot market.

At the Multi Commodity Exchange, lead for delivery in October traded higher by 50 paise, or 0.37 per cent, to Rs 134.80 per kg in business turnover of 3,474 lots.

Likewise, the metal for delivery in November edged up by 35 paise, or 0.26 per cent, to Rs 136.05 per kg in 441 lots.

Market analysts said fresh positions built up by speculators on the back of a rise in demand from battery-maker in the spot market mainly helped lead prices to trade higher in futures trade.

Nickel prices moved up by 0.55 per cent to Rs 895.50 per kg in futures trading today as speculators enlarged their positions, driven by pick up in demand from alloy-maker in the spot market.

At the Multi Commodity Exchange, nickel for delivery in October rose by Rs 4.90, or 0.55 per cent, to Rs 895.50 per kg in business turnover of 2,815 lots.

Likewise, the metal for delivery in November moved up by Rs 4.30, or 0.48 per cent, to Rs 902.30 per kg in 367 lots.

Market analysts attributed the rise in nickel futures to pick up in demand from alloy-maker in the spot market.

Research Via provides Stock cash tips, free equity tips, free share tips, commodity updates, mcx commodity tips, mcx silver tips, nifty updates, comex gold trading tips, i forex tips, forex tips,ncdex tips.