MCX NCDEX Commodity Tips For Today

MCX and NCDEX Tips Today

MCX Gold is trading around Rs 29,000 With strong about 0.25% while silver is trading at Rs 54,700 With nearly 0.5% up. MCX Crude oil gained 0.5% is approaching to Rs 5100.

Crude oil June Futures, Buy - 5080, Stoploss - 5040, Target – 5130.

Gold June Futures, Sell - 29 100, Target - 28 870, Stoploss – 29200.

Mentha oil June Futures, Sell - 1275, Stoploss - 1295, Target – 1245.

Copper Trend :- Rupee has recovered strongly against Dollar Despite of today that copper price has been exceeded and price gobe above Rs 427. London Metal Exchange (LME) Copper with about 1.5 rise is reached to $ 7,500. Euro weakness against Dollar and China is expected to stimulus package therefore Copper price have support but Europe's concern is still present in market.

MCX Copper Tips :- Copper June Futures Buy - 425, Stoploss – 422, Target – 429.

NCDEX Tips :- Caraway futures has been sharp drop. NCDEX Cumin price has dropped nearly 2% and has come very close price to Rs 12,500. Cumin Spot market is trading at down today. Mint oil has been a sharp decline Today. Mentha oil May futures prices has been broken up to 4%t and June futures is 3% down. In Markets to new arrivals Mentha oil have increased pressure on Mentha oil price.

Chana June Futures, Sell – 4225, Target – 4110, Stoploss - 4275.

Soybean June Futures, Sell - 3260, Stoploss - 3320, Target – 3080.