MCX Crude oil Trend :- has seen light strong today. NYSE Crude Oil has gone up above 107 dollars a barrel. ICE Brent crude is trading above $ 126. FOMC's meeting today as well as rupee against the dollar has been strong in domestic market.
FOMC's meeting in January was assured that interest rates to the lowest level by the year of 2014. While many members of FOMC given that interest rates could be cut changing circumstances. The impact on crude oil prices are expected to come forward.
MCX Crude oil Tips
FOMC's meeting in January was assured that interest rates to the lowest level by the year of 2014. While many members of FOMC given that interest rates could be cut changing circumstances. The impact on crude oil prices are expected to come forward.
MCX Crude oil Tips
Crude Oil Buy 5315, Stoploss - 5280, Target - 5380 – 5420.
Before FOMC meeting Gold and Silver is seen in pressure. MCX is trading at Rs 27 934 With decline. while silver is being grossly levels of Rs 58 460. International Market Gold and Silver is gained.
MCX Gold Silver Tips
Gold Sell below Rs -27 900, Stoploss - 27 980, Target - 27,780 - 27,650
Silver Sell -58,60, Stoploss - 59 100, Target - 58,000 – 57,500.
Base metals remain in up trend today. MCX Copper most leaping nearly half per cent.
MCX Base Metals Tips
Copper Buy - 427.5, stoploss - 424,Target – 431.
Zinc Buy above - 104.2, Stoploss -103, Target -106
Nickel Sell – 978, Stoploss -900, Target – 960 – 940.
NCDEX Agri Trend :- Turmeric continues to decline. NCDEX Turmeric today's price of Rs 4,200. in the spot market turmeric price has come down from Rs 4,200. Potatoes Futures market price has risen beyond 1,000 per quintal. Potato April Futures trading is already up to Rs 1,000.
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