NCDEX Commodity Tips | MCX Commodity Tips Trend

NCDEX & MCX Tips Trend

Agri Commodity Tips :- Cayenne pepper has been served 4% upper circuit today. after last 1 month Guntur chilli market is open again. traders seeking to open market has recovered Exporters and stockists from getting red peppers. But catch is that now nearly 1 million bags in cold Storejon have a stock of red pepper as well as country production nearly 13 million tons red pepper this year which is higher than last year.

NCDEX Coriander is trading at Rs 3,500 with 0.5% up. Cumin is to reached Rs 12770 with 1.5 % gain. Pepper reached 2% up and across to Rs 40,000. However, NCDEX Turmeric June futures declined. But July futures are traded on edge.

NCDEX Tips

Cotton cake June Futures Sell - 1180, Stoploss – 1210, Target – 1120.

Maize June Futures Sell - 1145, Stoploss – 1165, Target – 1095.

MCX Mentha Oil Tips :- Mentha oil is sharp decline today. MCX mentha oil price is down nearly 2%. Mentha oil was picked up strongly last days. Mentha oil production this year is estimated at more than 50,000 tons. Reports that some stockists are hoarding mint oil.

Mentha oil June Futures Sell - 1370-1373, Stoploss - 1400, Target – 1275.

Crude Oil Trend :- Crude Oil initial rapid is now decline but still NYMEX, ICE and MCX Crude Oil is trading up about 1-1.5%. Spain stimulus package and imports rising China Crude Oil has accelerated. MCX crude oil is trading at Rs 4,745 with gain of 1.5%.

MCX Copper Trend & Tips :- Even as crude oil prices MCX Copper has been bouncing around 2%. Imports rise in China therefore London Metal Exchange (LME) Copper was 2% jump. There is currently trading above about 1.5%. MCX Copper with 0.5% fast is trading at Rs 412.30.

Copper June Futures Buy - 410, Stoploss – 405, Target – 418.