NCDEX Red Pepper, Black pepper, Cumin and Turmeric are sharp decline today. MCX except to Cardamom futures all spices is sold. Cumin is estimated to increase yields. Even the price of pepper has come down to Rs 40,000. Turmeric and Red pepper in fall of around 3% today. MCX cardamom 3.5% with strength is reached at Rs 940. Cumin in sharp decline today. NCDEX Cumin has come to Rs 13,000. NCDEX Chilli declined by 3% to Rs 5440. Black pepper 2% fall has come down to Rs 40,000. NCDEX Turmeric has come down to Rs 4,300.
NCDEX Agri Commodity Tips
Soybean April futures, Buy - 2815, Stoploss - 2785, Target – 2870.
Jeera April futures, Sell - 13400, Stoploss – 13600, Target – 13000.
MCX Gold is trading around Rs 28,000 With slight edge. MCX Silver has come down to Rs 59,000 with marginal decline. Base metals turn down. Copper and Nickel have slight edge, while Aluminum, Lead and zinc declined by 0.25%.
MCX Commodity Gold and Copper Tips
Gold April Futures Buy - 28000, Stoploss - 27 910, Target - 28 250.
Copper April Futures Buy - 426, Stoploss - 423, Target - 433.
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