Rudra Investment Best Commodity Tips Expert says, Today the focus of the market will be on base metals, especially on copper. Due to the fear of shortage in supply, there is tremendous growth in copper in the international market. In Shanghai, Copper is trading up 2.5%. Due to the supply disrupted by a quarry in Chile, the copper is accelerating. Aluminum is showing an increase of 1.5 percent in Shanghai. Aluminum is getting support in the stock reduction. Even in the domestic market, both these metals are expected to open with the rise because the rupee has weakened against the dollar.
Talking about gold, today it is being seen fast. In the comex, the price is above 1295. The impact of weakness in the dollar index is seen on gold. After the initial weakness in crude oil, now the business is growing with the increase. Brent is above $ 75. However, due to the worry of increasing supply, the lead is limited. Given the progress of monsoon, there will be a focus on agri commodities today.
Rudra Investment Best Commodity Tips
NCDEX mustard (June futures): Sell - 4000, Target - 3940, Stop-loss - 4040
NCDEX Castor Seed (June futures): Sell - 3940, Target- 3870, Stop-loss - 3970
MCX Silver (July futures): Buy - 39850, Target - 40150, Stop-loss - 39650
MCX Nickel (June futures): Buy - 1035, Target - 1048, Stop-loss - 1027
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