NCDEX and MCX Commodity Tips and Trend Today

NCDEX MCX Tips Trend Today

MCX Sugar Trend :- Sugar production has increased. in country From October to April sugar produced of 251 million tonnes, which is about 11% over last year. Today Sugar futures trading is extremely slow however declining trend in spot markets. Prime Minister to meeting with Sugar and other agricultural products exports. MCX Sugar is trading at Rs 2,900 with 1% decline.

NCDEX Agri Trend :- Mentha oil futures have fallen faster. Mentha oil May futures have turned into 4% circuit. MCX mentha oil price has come down Rs 1,500. June and July futures also Sharp decline. In NCDEX Chana August and September futures is 4% upper circuit.

NCDEX Tips Today

Jeera May Futures, Buy - 12700, Stoploss - 12500, Target – 13000.

Cotton cake May Futures, Buy - 1275, Stoploss – 1250, Target – 1310.

Mentha oil May Futures, Sell - 1510, Stoploss – 1641, Target – 1330.

MCX Tips Today :- MCX gold and silver is Seen idling. Gold is trading at Rs 29 165 with slight edge. Silver remains grossly Rs 55 340. Crude oil declined 0.2% and is trading at Rs 5610. MCX base metals business mix is being witnessed.

Gold June Futures Buy - 29 100, Target - 29 300, Stoploss - 29000.

Crude Oil May Futures, Buy - 5570, Target – 5651, Stoploss - 5530.