Commodity Online Daily Trading Tips

MCX copper weighs down resistance at Rs.427.30 431.30: Angel

Easing tensions with respect to Greece debt worries will lead to upbeat sentiments in the global markets today.

MCX crude oil slumps resistance at Rs.4957 5010: Angel

Crude oil prices are expected to trade with a sideways bias today taking mixed cues from negative demand forecast from OPEC and EIA, supply concerns from Iran and a weaker dollar.

MCX gold declines resistance at Rs.28445 28620: Angel

We expect gold and silver to trade higher today on account of a weaker dollar coupled with revival in the markets due to easing concerns over Europe’s debt crisis.

MCX cardamom soars buy at Rs.755: Karvy

Cardamom futures prices are expected to trade slightly lower during early trading session. However, overall bullish fundamentals on good demand from local and export oriented buyers are likely to support the prices later in the day.

NCDEX chilli slumps sell at Rs.5340: Karvy

Chilli futures prices are projected to trade lower on poor demand along with rising arrivals. However, a small recovery can be seen on short covering during the day. Nonetheless, over bearish trend might pull down the prices again on fresh selling

NCDEX jeera remains higher buy at Rs.14670: Karvy

Jeera March futures prices are expected to continue the corrections during early trading hours. However, reports of unfavorable weather conditions due to cold wave conditions coming back in north India is creating crop concern which might support

NCDEX turmeric gains buy at Rs.5210: Karvy

Turmeric prices are expected trade positive in rising demand during early trading session. Arrivals of good quality fresh crop are attracting exporters as well as domestic buyers for bulk buying.

NCDEX pepper drops trade between at Rs.29250 30480: Karvy

Pepper March futures prices are expected to continue the positive trend on lower level buying in far month contracts.

Buy MCX mentha oil Feb above at Rs.1550:Edelweiss

Mentha oil settled up by 1.48 percent to Rs.1561 due to higher export demand in pharma sector.

Buy NCDEX Feb guar seed above at Rs.12500:Edelweiss

Guarseed prices settled up with upper circuit of 4 percent at Rs.12888 due to tight supply and strong export demand of guargum in the spot market.

Buy NCDEX Feb chana above at Rs.3600:Edelweiss

Chana prices settled up and closed with upper circuit of 4 percent at Rs.3645 due to strong export and domestic demand in the spot market.

Buy NCDEX Feb soy oil above at Rs.695:Edelweiss

Soya refined oil settled down by 1.31 percent to Rs.695 due to profit booking and weakening in dollar in the forex market despite lower oilseeds production expectation.