In the domestic market in the first trading session of the week, commodity markets have been mixed start. MCX Crude prices decline, but gold recovery has returned again. The MCX crude oil slipped 0.4 per cent to Rs 3085 has arrived. Natural gas 1.25 per cent to Rs 176.5 on the slip has arrived. However, with a gain of 0.5 per cent on MCX gold is trading around 24 850 rupees. Also silver is seen around Rs 33 800 0.25 per cent.
Where as, Agri markets recovered by end of the day on Friday as short covering takes place before the weekend holidays after the continuous slide in prices this week, sources said.
Extreme high volatility was observed for Chana last week as high speculative activity got noted in the Futures market. Prices found support from lower production, low stocks and improved demand.
Bearish trend persisted for Jeera as lack of demand amidst increasing arrivals in the International markets kept exports on the lower side and prevented any recovery in prices.
Best Commodity Tips Today:
Sell August gold futures on MCX at Rs 24 900, stoploss of Rs 25100 , Target of Rs 24 550
Sell August silver futures on MCX at Rs 34,000, stoploss of Rs 34500 ,Target of Rs 33 200
Sell NCDEX Soy oil August futures at Rs 573-574 , stoploss of Rs 578 , Target of Rs 565/564
Where as, Agri markets recovered by end of the day on Friday as short covering takes place before the weekend holidays after the continuous slide in prices this week, sources said.
Extreme high volatility was observed for Chana last week as high speculative activity got noted in the Futures market. Prices found support from lower production, low stocks and improved demand.
Bearish trend persisted for Jeera as lack of demand amidst increasing arrivals in the International markets kept exports on the lower side and prevented any recovery in prices.
Best Commodity Tips Today:
Sell August gold futures on MCX at Rs 24 900, stoploss of Rs 25100 , Target of Rs 24 550
Sell August silver futures on MCX at Rs 34,000, stoploss of Rs 34500 ,Target of Rs 33 200
Sell NCDEX Soy oil August futures at Rs 573-574 , stoploss of Rs 578 , Target of Rs 565/564
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