Base metal has increased the pressure. Particularly sharp decline in lead and zinc. Both of these prices on MCX has slipped to about 1.5. MCX Zinc has come down to 1.3% to Rs 141. Tumbled 1.25% to Rs 137.5's lead. Aluminium 0.3% has come down to Rs 124 with osteoporosis. 0.1% copper and nickel declined by 0.5% .
Notably, despite the weakness in the rupee against the dollar base metal is not any support. Trade data you may know, has been issued in China, where exports grew 14.5% , which is double than expected. Whole Sales inventory data to be released today in America.
Castor seed is risen today. Castor seed futures on NCDEX August is showing slight gains while the September futures jumped nearly 1% to Rs 4,300 has been exceeded. The thing to note is that Castor sowing in Gujarat is projected to grow this year.
NCDEX September Jeera futures gained 0.5% is trading at Rs 11400. The September futures on NCDEX chana with a gain of 0.2% is trading around Rs 2920, while it declined 0.1% in August Futures.
Notably, despite the weakness in the rupee against the dollar base metal is not any support. Trade data you may know, has been issued in China, where exports grew 14.5% , which is double than expected. Whole Sales inventory data to be released today in America.
Castor seed is risen today. Castor seed futures on NCDEX August is showing slight gains while the September futures jumped nearly 1% to Rs 4,300 has been exceeded. The thing to note is that Castor sowing in Gujarat is projected to grow this year.
NCDEX September Jeera futures gained 0.5% is trading at Rs 11400. The September futures on NCDEX chana with a gain of 0.2% is trading around Rs 2920, while it declined 0.1% in August Futures.
Ncdex jeera calls- mcx jeera buy 2900 targets 3000 stoploss 2845
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