Today MCX and NCDEX both market are trading with a bearish side, most top commodity are watched on red side since morning and no correction are looking in today trading . In NCDEX jeera, coriander, castor seed, barley and chana all are on downfall trend. Chana for future delivery trade at 3195 down by -34 point from its opening position at 3216. Similar trend is watched on coriander which falls by -99 point on intraday trading against its opening position at 6562. In upcoming week coriander demand it expected to rise in domestic market.
Sell chana June below 3195 tgt 3190, 3185, 3180……sl 3220
Sell coriander June below 6435 tgt 6430, 6420, 6400…………sl 6470
Today at MCX, bullion in on deep red side, while crude oil crosses the level of 5700 after morning worst performance. Increment in dollar gives a support to crude oil in domestic market, and expected more increment in upcoming days. Today if we talk overall MCX energies is on fire, natural gas; mentha oil and crude oil all are on its hike and performing well.
Buy natural gas June above 220.50 tgt 221, 222, 223……….sl 217
Buy copper June above 408.25 tgt 408.75, 409.50, 410…………..sl 405
Buy crude oil above 5705 tgt 5710, 5720, 5730……….sl 5670
