MCX and NCDEX Tips
Mcx Updates :- MCX crude oil has plummeted on Rs 5,000 . NYMEX crude oil 94 $ and Brent ICE crude are trading under $ 111. International Gold price has come down to $ 1560. domestic market Gold price is still up to Rs 28,000. Copper also fell. London Metal Exchange (LME) copper has lower levels of 1 month.
MCX Tips Today
Copper June Futures, Buy – 422.50, Target – 428, Stoploss – 419.
Crude Oil May Futures, Buy - 5040, stoploss of Rs - 5005 and the target – 5108.
Cardamom May Futures, Buy – 1290, Target – 1440, Stoploss – 1230.
NCDEX Trend Today :- Soybeans strongly declined today. This is because soy oil is trading down 1%. MCX crude palm oil is in declining trend . International market Soybeans is trading at lower levels of 2 months. According to USDA in world could rise soybean yields to 15% and oil seed production is estimated at 8% up.
NCDEX Tips :- Coriander May Futures, Sell - 3750, Stoploss - 3900, Target – 3400.
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