Estimates of production decline in the US surge in crude oil prices have been recorded. Brent crude prices rose above $42. At domestic market the MCX crude oil with 1 percent up is at Rs 2,650.
The decline in the dollar, while gold has increased brightness.While silver is nearly 0.5 percent boom. MCX gold in the domestic market with a gain of 0.5 percent and is trading at Rs 28,300. While silver gained 0.25 percent to trade Rs 36,800 remains.
Agri commodities lead:
Agri commodities soya oil is showing growth , while there has been a sharp rise in guar seed. NCDEX May futures of Soya Oil rose 0.3 percent and is trading at Rs 667.8. The May futures on NCDEX guar seed jumped 1.5 percent and reached to Rs 3,430.
Modest boom in base metals:
Aluminium rose 0.1 percent on MCX is trading at Rs 101.2. Copper with a gain of 0.4 percent is trading above Rs 309. Lead gained 0.5 percent and the price has risen to Rs 114. while zinc With a gain of 0.5 percent, Is trading at Rs 117.8.
Intraday Call by Experts :
Buy NCDEX Kapas April between 782 – 786, SL – 770, Target – 805 / 810
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