Indian Agri Commodity Market witnessed weak trends | NCDEX Commodity Tips

Indian Agri Commodity Tips Have been noted at weak trends. Lack of strong demand on the export front amidst low trading activities on the domestic front kept trend slight weak for most Agri commodities oN Monday even as traders apprehend demand to pick up in coming weeks as International markets start opening.

Only NCDEX chana traded firm as moderate domestic demand was noted after the recent huge fall in prices.Concerns over economic crisis in China too kept sentiments weak for the Agri markets.  

NCDEX Commodity Tips :

Sell Soybean January in between 3693-94 Stoploss 3707 Target 3678

BUY CRUDE OIL JAN @ 2474 SL BELOW 2435 TGT 2508-2545

 

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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 Online Trading Calls Today : 24 Aug | Gold Silver Tips

Market slump in Stock Market, Commodity Market at massive fall. MCX Crude prices is at 6 ½ year low, MCX Copper and MCX Aluminum has slipped to 6-year low.

Rupee eased against the dollar in the domestic market, MCX Gold Prices is trading with modest gains. The heavy selling in China's market share is expected to drop in demand for crude oil and metals.

This fall in prices has been recorded. MCX silver with 0.93 percent is trading at Rs 35,865 per kg. While crude oil prices slipped 1.42 percent to Rs 2646 per barrel has come. While natural gas is being 1.12 per cent. Copper fell by 2.32 per cent to Rs 329.90 per kg fell.

MCX Nickel prices have declined the most. MCX Nickel prices fell by 3.38 per cent level is at 651.50. However, with gold prices rose marginally to 0.10 per cent, to Rs 27265 per ten grams is reached.

MCX Bullion Counter Today:17 june 2015 || MCX Crudeoil price Bulllish

 

MCX Bullion Counter can open today in positive note as Greece debt concern are creating safe demand for the yellow metal. In the interim investors will eagerly awaits the outcome of fed meeting which will start from today and end tomorrow. MCX Gold Today can trade slightly down -0.09 per cent to 27006 level on Tuesday.

Short term trend for MCX Gold Aug contract is likely to be in positive zone today. MCX Crude oil may open on positive note tracking firm overseas clues. API data to be released on Tuesday will give further direction to the prices.MCX Crudeoil price today is on bullish note for short term and sideways for the intraday.

MCX Investment Today: 

MCX Gold Short term support – 26500,Resistance – 27200,Trend-Sideways
MCX Crudeoil Support for short term – 3700,Resistance at 3980,Trend - Bulllish

MCX Lead Support for short term – 113.00 ,Resistance at 130.0,Trend-Bearish   
MCX Silver support-36530, Resistance - 37470 ,Trend – Bearish