NCDEX Turmeric Trend up Buy TMC Dont Short

Turmeric futures are expected to trade in positive note for the day. Profit booking for recent sharp gains may result in downward trade initially during the day. However, fall is expected to be limited on the overall bullishness in the market.

Good buying activities at the spot market amid normal supplies and good export demand may support turmeric prices.

Bullion Gold Silver Tips & Trading Updates for Today

The recovery in dollar from the lower level of 9 months has increased the pressure on gold in the global market and its price has come down to $ 1237, which is the lowest level of about five weeks. There has also been a fall in the holdings of the world’s largest gold fund SPDR Gold. However, in the last 6 months, gold has given investors an 8% return.

There is hardly 4 per cent increase in silver. In fact, the price of silver in the June quarter has dropped 9 percent. In this way, silver has given less returns during January to June 2017.

At present, MCX Gold is trading at Rs 28,370 with a decline of 0.25 percent. The MCX Silver is flat and is trading at Rs 38335.

@ Sold MCX Gold August at 28370, 28380 targets 28330, 28280 Stop Loss 28431.

@ Sold MCX Silver July at 38,350 to 38,335 targets 38230, 38130 Stop Loss 38489.

MCX Base Metals Trade Under Pressure Today

After boom yesterday’s MCX Base metals are trading under pressure today .However Copper has managed to make the edge.This half year copper has seen an increase at around 7 percent and its prices are at a 3-month high.

However, the best performer has proved to be a lead, because this half year has seen an increase of about 14 percent.

However today the lead is trading below 1 percent. On the MCX, Aluminum has dropped 0.1 percent to Rs 125, while Copper is growing at 0.2 percent and is looking at around Rs 385. MCX zinc is trading up 0.3% at Rs 180 today.

Crude oil boom due to Production decreases in America

Crude oil boom due to Production decreases in the US.Crude oil has risen and its price has reached the top of 10 days. Brent Crude has gone across $ 47. Prices have been supported by the decline in production in the US. Crude oil prices are also getting increased due to the loss of gasoline stock. WTI crude has gone up by 45% to $ 45. In fact, the production of crude oil in the US last week has reduced nearly one million barrels.

At present, crude oil is trading above Rs 2,910 on the MCX with a surge of 0.15% today.

@Buy Crude July Future above 2910 targets 2935, 2950 Stop Loss 2889.