Tuesday, July 21, 2015

Rainfall Adds pressure to Agri Market – 21 July 2015 || Best Tips on Commodity Market

Rains and further prospects of improved rainfall activities in the critical regions of North-West India and Central India kept market sentiments weak as selling pressure was noted at the higher levels after the bounce-backs seen for last few weeks from a weakening Monsoon in 1st half of July.

Guar failed to recover yet again as Fundamentals remained weak. Spices trade with high volatility as some support is seen at these lower levels for NCDEX Turmeric and NCDEX Jeera. NCDEX Chana traded with high volatility as better Monsoon prospects this week kept the up-trend limited as kharif Pulses sowing is expected to pick up again.

MCX Gold Prices fell down tremendously to Rs 25,000 per 10 gm Monday triggered by a drop in overseas bullion to a five-year low of $1,080 an ounce (31.10 gms).

MCX FreeTips

Best Tips on Commodity Market Today : 

BUY NCDEX Chana Aug Contract, Entry-4585-4580, Stop Loss- 4530, TGT- 1 / TGT- 2 - 4630/ 4680. 

Buy NCDEX Menthal Oil Aug Contract, Entry-1000, Stop Loss- 992, TGT- 1 / TGT- 2 - 1015/ 1018. SELL 

MCX Gold Aug Contract, Entry – 25100, Stop Loss- 25250, TGT- 1 / TGT- 2 - 24980/ 24850.

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