According To Commodity Tips Expert After
the go up in crude oil prices today, there has been a sharp refuse today. Crude
has dropped 3 percent in the domestic market. There is also heaviness from the high
level in the global market and the impact of this is on domestic prices.
Meanwhile, the price of gold has jumped nearly 1 percent. It has got support
from the bullish and weak rupee in the global market. Silver is also trading at
around 2 percent. The metal is sharp except the nickel in the base metal.
However, on LME, copper has come down to 3.5 months at the inferior level.
The refuse in gram has increased in Agri Commodity and it is
at the minor level of 2 months. Selling in the same cotton market and Coriander
also prevailed there. Stress on cumin is also seen in spices. But food oils
have risen today and in particular the price of palm oil has increased.
Investment advice of
Commodity Tips Expert
Chana NCDEX (Jan futures):
Sell - 4280, Stop Loss - 4320, Target - 4200
Cotton Khalee NCDEX
(January Futures): Sell - 1925, Stop Loss - 1940, Target - 1900
Silver MCX (March
futures): Buy - 39100, Stop Loss - 38900, Target - 39400
Crude oil MCX (January
futures): Buy - 3220, Stop Loss - 3185, Target - 3280
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