NCDEX Commodity Best Tips Today : 4 Feb | Experts view on Indian Agri Markets

Markets recovered strongly for most Agri counters on Wednesday after the regular bearishness seen over last one month.

Upside movement was observed mainly for the Spices sector where some good recovery was seen in NCDEX Jeera and NCDEX Turmeric after the recent massive fall.

NCDEX Chana, NCDEX Guar failed to take any strong direction but found some support here.

 

Oil complex too could not show any clear trend but firmness in International markets are expected to provide some upthrust to the prices.

Agri commodities update : 21 Dec | NCDEX Tips Today

Agri Commodities :

Trend was firm in almost all the Commodity Market on Friday except NCDEX CHANA. NCDEX Soybean was the leading gainer amid strong global cues and reports of fresh export queries emerging for domestic soymeal.

NCDEX Mustard seed also strengthened tracking gains in soybean and limited arrivals, against poor selling intentions. Castor seed moved up amid gains in soybean and steady export demand castor oil.

NCDEX Jeera markets shot up amid poor selling interest coming at lower levels at major mandis and technical strongly oversold situation in futures.

NCDEX Turmeric futures ended firm on news of a possible crop damage due to recent rains in Tamil Nadu. Cotton complex and sugar prices were firm in line with the bullish fundamentals.

NCDEX Guar complex also ended lower amid reducing selling intentions at lower levels and steady demand in bye products of guar.

Commodity Market : Crude slipped 8% this week || NCDEX MCX Tips

Strong decline is seen in the crude oil prices because of Greece debt crisis. MCX Crude prices fell 0.65 per cent, Brent crude traded at $ 56.50 with a fall of 0.60 per cent is.

Where as in the Gold-Silver Market MCX Silver declined by Rs 1550 and is trading at 34800.00, Rs 330 cheaper gold trading at 26150.

Prices of silver and gold in overseas markets rose to three -month lows ! Today Delhi bullion market , gold declined by Rs 330 With almost three -month low of Rs 26170 per ten grams, has arrived. The silver in 1550 , breaking the seven- month low of Rs 34 450 per kilogram is on .

NCDEX MCX TIPS :
#Buy NCDEX Chana, NCDEX Soyaoil, NCDEX Jeera, MCX Gold, MCX Silver. #Sell MCX Menthaoil, GuarGum.

Commodity Market : MCX Gold fell below 26000 || MCX NCDEX Tips

The impact of the changes that hit the Chinese market on the Indian commodity market is also being witnessed. Even today, most commodities on Tuesday after heavy fall opened. Gold-silver-base metals is seeing the decline.

Although modest recovery in crude oil prices has been seen. In the domestic market during the trading debut of Rs 26,000 per 10 grams gold has slipped down. The Chinese stock market crash and commodity markets have fallen sharply due to the crisis in Greece.

Gold slipped below 26,000, MCX gold is trading at Rs 25,980 with 0.20 percent per 10 grams level, . While silver prices slipped to Rs 34,500 per kg has come down.

Agri Commodity Market : 

NCDEX Chana leave red marks on commodities traded lower. The guar gum and seed has been the weakness of 0.30 per cent. Mustard , soybean and refined oil is seeing a fall of nearly 1 per cent. 

MCX NCDEX TIPS : 

#Sell MCX Gold, MCX Silver, MCX Crudeoil, MCX Menthaoil 

#Sell NCDEX Soyabean, NCDEX Turmeric, NCDEX chana.