Mcx commodity market recovered in eveninig session, Mcx bullion metals is in positive side.MCX gold is trading below Rs 25930 and is flat.Gold price likely to trade negative side, We expect gold prices are likely to trade on negative note on the back of potential U.S. rate hikes.Rs 34820 with a gain of 0.7% while silver is looking at fixing.
Continued downward trend in food oils. Soy oil and CPO is trading with decline in both. Last week, these two commodities have declined nearly 2%.
EVENING MCX -NCDEX CALLS
Mcx crude oil buy above 4870 target 4990 and stoploss 4830
Ncdex castor seed buy above 4800 target 4885 stoploss 4740
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