Free MCX NCDEX Calls | Tips Commodity Market Update Today

MCX Gold and MCX Silver is seen at gains level today. MCX gold gained nearly 1 percent in early trade today at Rs 30,000 per ten gram level is exceeded. MCX gold rose by Rs 274 per ten grams to Rs 29,960 is reached. 

While silver is also seeing at boom, MCX Silver rose by Rs 551 per kg in the domestic market at the level and reached of 41,595. 

Today, with gold, silver, crude oil prices continued to have a slight edge. Currently, MCX Crude is trading at Rs 3071 with barrel of 0.23 percent. Although oil prices in the international market is seeing a slight decline. 

Signals by OPEC countries to increase production of crude in the international market, given the level of 0.04 percent to 46.01 dollars a barrel. 

Buy Crude May in between 3070/3075 stoploss 3047 target 3110 

NCDEX Turmeric futures are traded sideways | BUY SELL tips Today by Experts

Turmeric futures fell sharply during previous trade tracking higher arrivals in Erode and Salem market. And again its short cover due to profit booking. 

Expectation of export demand limited the fall for turmeric futures. NCDEX Turmeric trade ended the day at RS. 8386 per quintal which is approx 1.16% up against its previous close.  

BUY SELL Tips By Expert:

NCDEX Turmeric futures are expected to trade sideways during today’s trading session.

NCDEX Chana prices is Seen high due to higher demand | NCDEX Tips For Today

NCDEX Chana futures are expected to trade in a range bound level with negative by taking cues from government actions during today’s trading session.

NCDEX Chana is in bullish note due to strong fundamental factors. Chana trade ended the day at RS. 5517 per quintal which is approx 2.78 up against its previous close.

We recommend buy NCDEX chana from lower levels for today’s trading session.

Dhaniya traded range bound | Agri commodities Tips

Dhaniya traded in range bound throughout the trading session. Spot markets are likely to witness limited supply of quality crops, which may attract good buying from the traders.

Active buying from end user industries amid limited supplies of quality produce may also support the price to trade high. On the other hand extended profit booking may limit the gains during the day.

We recommend sell dhaniya futures for today’s trading session.

India's basmati exports increased 20%, At 3 years half price

Basmati exports despite farmers, businesses do not benefit from it. In the international market basmati prices are low due to over supply. Rice Exporters Association data showed that 20 percent of basmati exports is increases in April-December 2015, Despite it 14 percent decline is seen in earnings. 

In terms of the price of basmati trend during the last 3 years have been reduced to half the price. Both farmers and traders are suffering the consequences. 

 Exports increased 20 percent :

President of all India Rice Exporters Association of India MP Jindal said Gulf of basmati prices are boosting the stock. This is due to increased exports. The country is estimated to grow this year in production of basmati. Jindal said basmati prices are determined on the international market. The government and business can not do anything. 

Arab countries are the largest buyers of Indian basmati. India 's total basmati rice exports from April to December 2015 was 30.7 million tonnes, while in the same period last year was 25.7 million tonnes. Export prices being lower than last year not getting the benefit of it. Export earnings of $885 per tonne from April to December 2015, while last year it was 1,312 dollars per tonne. 

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MCX Daily Market Update by commodity MCX NCDEX Calls

PRECIOUS METALS: 

Indian Gold prices closed with gains under its belt. The prices ended at Rs 29350 per 10 grams, up 0.11%. Indian Gold contract followed the footsteps of COMEX in terms of rise. COMEX Gold ended at crucial levels of $ 1250.90 per troy ounce. The recovery hopes in the world economic growth is paving way to Gold apart from Silver that is outperforming the markets.

MCX Silver futures are up about 24% this year, outperforming gold's more than 18% rise. Gold futures on the other hand also promised gains to investors and joined the bandwagon. The prices shined by 8% on COMEX at $ 1262.2 per troy ounce when last checked.

ENERGY: 

Crude oil prices were little changed Thursday morning after the European Central Bank announced it would implement the planned expansion of its asset purchasing program. At the same time, the ECB held steady on interest rates. WTI June crude oil was down 2 cents at $44.16, keeping most gains from a furious rally that took prices to their highest in 2016.

Indian Crude Oil May futures were down by Rs 19 per barrel and ended at Rs 2900 per barrel; in a single session. From current, a high of Rs 2950 and 3000 per barrel is on cards for Crude Oil as next level of resistance.

BASE METALS:

Indian Copper prices ended at Rs 330.75 per kg, up 1.02%. The prices are gaining momentum to now test Rs 336 per kg. When last checked Copper had gains of 1.24% under its belt. Comex Copper was also up 1.5% to trade at $ 2.27 per pound. Copper prices remained bullish in the session and tried to test new avenues not seen since August last year.

World stock markets climbed to their highest in almost five months on Thursday after a surge in oil prices boosted risk appetite, while the euro steadied ahead of a European Central Bank meeting. This has created a buying spree in riskier asset classes like Copper.

>>>BUY CRUDE OIL MAY ABOVE 2928 STOPLOSS BELOW 2890 TARGET 2958-2990.

MCX NCDEX Market Update today : 20 April

Nymex WTI crude on global markets slipped 1.5 percent to $ 41. While Brent crude dropped 1.3 percent, to $ 43 with osteoporosis. MCX crudeoil on the domestic market is in the weakness of a half percent was recorded. 

MCX Crude prices have come down to Rs 2770. Natural gas, however, with a gain of 1 percent to Rs 138.4 is reached. MCX gold is trading around 0.1 percent to Rs 29,300. However, silver with 1 percent growth has gone beyond Rs 40150. 

Agri commodities slowdown:

Agri commodities cotton prices have declined. MCX Cotton is trading at Rs 17130. May futures on NCDEX sugar has decline to 4 percent to Rs 3385. While the slowdown trend in base metals is to find. 

MCX Copper fell 0.4 percent to Rs 325 has arrived. Rose 0.1 percent, while nickel was trading at Rs 610. The decline in zinc also dropped 0.25 percent to 127 rupee

SELL NICKEL APRIL MCX BELOW 602.25, with the STOPLOSS ABOVE 614.95 and TARGET-596.10,590. INTRADAY TARGET 598.50-598 

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