NCDEX Call For Today:
Buy NCDEX Sugar May Intraday between 2486-2480 levels, for Target of 2530 and Stoploss at 2470.
Buy NCDEX Jeera May Intraday between 17970-17960, for Target of 18360, Stoploss at 17720.
Commodity Updates and Trend Today
Markets cautious ahead of the FOMC statement. US CB Consumer Confidence decreased to 95.2 in April. UK’s Prelim GDP decreased by 0.3 percent for quarter ending March. US CB Consumer Confidence decreased to 95.2 in April.
Spot gold climbed 1.1% to a three-week high of $1,215 after the data showed U.S. consumer confidence dropped in April to lowest since December.
Buy NCDEX Sugar May Intraday between 2486-2480 levels, for Target of 2530 and Stoploss at 2470.
Buy NCDEX Jeera May Intraday between 17970-17960, for Target of 18360, Stoploss at 17720.
Commodity Updates and Trend Today
Markets cautious ahead of the FOMC statement. US CB Consumer Confidence decreased to 95.2 in April. UK’s Prelim GDP decreased by 0.3 percent for quarter ending March. US CB Consumer Confidence decreased to 95.2 in April.
Spot gold climbed 1.1% to a three-week high of $1,215 after the data showed U.S. consumer confidence dropped in April to lowest since December.
- MCX Gold rose by 0.4% to close at 27190. Gold is expected to trade higher taking cues from international markets.
- Crude Oil Updates: Crude oil expect to trade lower as rising crude inventories in the US remains a cause of concern. Although, there are tensions between Saudi Arabia and Yemen, the actual supplies from the region are not yet disturbed.
- MCX Crude Oil price is expected to trade lower taking cues from weak international markets.
- MCX Crude Oil trading Sideways to Bullish, Support at 3577-3432, Resistance at 3672-3812, Buy on dip Suggested
- MCX Natural Gas trading Sideways today, Support at 159-154, Resistance at 163-168, Sell on high Suggested
- MCX Gold trading Sideways to Bullish, Support at 27036-26640, Resistance at 27278-27608, Buy on low Suggested
- MCX Silver Trading Sideways to Bullish, Support at 37600-36474, Resistance at 38303-39286, Buy on low Suggested
- MCX Copper Trading Sideways to Bullish, Support at 384-378, Resistance at 388-394, Buy on low Suggested by Financial Experts
- MCX Lead Trading Sideways to Bullish, Support at 131-128, Resistance at 133-136, Buy on low Suggested by Financial Experts
- MCX Nickel Trading Sideways to Bullish, Support at 836-810, Resistance at 855-884, Buy on low Suggested
- MCX Zinc Trading Sideways to Bullish, Support at 144-142, Resistance at 146-148, Buy on low Suggested for Intraday trading.
- MCX Cardamom may Trading Sideways, Support at 839-825, Resistance at 860-875, Sell on high Suggested for Intraday trading.
- NCDEX Jeera may Trading Sideways to Bullish, Support at 17965-17720, Resistance at 18365-18610, Buy on low Suggested for Intraday trading.
- NCDEX Turmeric may Trading Sideways, Support at 8566-8430, Resistance at 8804-8906, Sell on high Suggested
- NCDEX Soybean may Trading Sideways to Bullish, Support at 3972-3920, Resistance at 4094-4164, Buy on low Suggested for Intraday trading.
- NCDEX Chana may Trading Sideways today, Support at 4130-4088, Resistance at 4249-4326, Sell on high Suggested for Intraday trading.
- NCDEX Kapas Apr’16 Trading Sideways today, Support at 941-933, Resistance at 966-976, Sell on high Suggested for Intraday trading.
