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Spices
Cardamom prices at MCX May contract traded sideways to bearish due to profit booking from traders. This trend is likely to continue in next trading session as well. Trading range for next trading session is seen between 832-842 and either side break out will give clear direction to the prices.
Plantation
Rubber prices at NMCE May contract traded bearish due to selling pressure from traders. It is likely to trade down in next trading session as well on selling pressure. Trading range for next trading session is seen between 12050-12150 and either side break out will give clear direction to the prices.
Precious Metals
MCX Silver futures is also likely to trade on a sideways note today. Intraday support for MCX Silver is seen around 35400 and resistance is seen at 36000.
Base Metals
Copper for delivery in April at MCX is likely to trade on a sideways to bearish note in today's trade. Intraday support for MCX Copper April contract is seen around 368.5 while 376 is the resistance for the same.
Energy
Stockpiles are still at its highest in about 80 years and have been climbing for the 15th straight week since the week ended January 9.