Commodity Prices Face Expected to Continue Declining, MCX Crude Oil Tips Today

Crude oil prices have seen the most dramatic decline. Crude-oil futures fell in MCX trade Thursday.

The Nymex oil futures Edges closer to the $40 a barrel mark after dropping fresh six year low in the previous sessions .

Prospect Analysis Oil complex failed to recover on slight weakness in International markets while high volatility got noted in the Futures market.

On the MCX platform Crude oil (Sep) may remain on flat note in range of 2800-2870.

MCX Tips Today 

BUY CRUDE - AUGUST (MCX)@ 2708.00, Target: 2742.00, Stop-loss: 2690.00

SELL GOLD - AUGUST (MCX)@ 256.20, Target: 252.00, Stoploss: 261.10

SELL SILVER - SEP (MCX) @ 35900.00, Target: 35720.00, Stop-loss: 36010.00

01 July Tomorrow Live NCDEX Tips for Agri Market

Commodity Plus 

NCDEX Chana Future are expected to trade sideway to Negative because of higher supplies.However, lower level buying in spot market may support prices.

NCDEX Soya bean Trade on downside bias by 0.86% at 3560 amid weak Export And Domestic demand.

India soymeal exports in the month of April-May dropped 67.31% from a year earlier on higher prices of the soybean in the local market.

NCDEX Jeera may trade on bullish note. jeera future trade sideway to positive amid  strong export demand  

as supplies are limited as the ending season.

Best NCDEX Tips For Today

BUY NCDEX  Soybean @3580

Target at-3610

SL at-3530

BUY NCDEX  Chana@4152

Target at-4251

SL at-4102

Sell NCDEX   Jeera @16070

Target at-15740

SL at-16210

NCDEX Tips Tomorrow, Intraday Agro Commodity Levels,

Commodity Now 

Turmeric future went up by 1.54% amid high demand in spot market. Chana went up by 1.01% amid high demand in market. Jeera future went up by 0.09% amid speculators

added new positions in spot market. Ref.soya oil went down by 0.23 % as speculators squared off positions in market

CS TURMERIC   (JULY) OVERVIEW:

TREND : MIXED TO BULLISH

RESIST 2:7830

RESIST 1:7158              

SUP1:7385

SUP2:7004

STRATEGY:  BUY ON DIPS

CS SOYABEAN (AUGUST) OVERVIEW:

TREND : MIXED TO Sideway

RESIST 2:4082

RESIST 1:4022

SUP1:3928

SUP2:3894

STRATEGY: BUY ON DIPS

CS CHANA  (JULY) OVERVIEW:                        

TREND:  MIXED TO Sideway

RESIST 2:4732

RESIST 1:4708

SUP1:4661

SUP2:4638

STRATEGY: BUY ON DIPS

Intraday MCX Crude Tips | Crude Oil Range Bound Today

Commodity Plus 

MCX Crude oil May trade Some meagre gain during the starting hour of tradinglater it traded on downside note.

Having very little solid information from the DoE, costs were not able to manage their levels. The stockpiles declined astoundingly however since the development of fuel stockpiles hazed the bullish example, indicating back off of the interest on items side.

Sell Crude oil @ 3815-3825

Target  at -3775

SL above-3850

MCX Gold Trading Strategies Today ;MCX Gold Trading In Downside Note

MCX gold price trading Flat note Burt Seems Some pressure on expectations of a Greek deal.MCX Gold is trading near its critical support near Rs.26700 - 26680, price sustains break below support could extend downside towards Rs.26570 - 26330. Immediate resistances are pegged at Rs.26850 - 26940 - 27060. Intraday bias remains sideways to weak as long as Rs.27060 is held on higher side. So, selling on rise is advised for the day.

Spot Gold has breached strong support at $1192 and is trading close to $1184 at present. Intraday resistances are placed at $1192 - 1202 whereas supports are placed at $1174- 1168 zone. Short term trend remains bearish as long as $1192 is capped on upside.

NCDEX Gold Hedge looks to trade with negative bias and could move towards Rs.24100 - 23900 on downside. Resistance is at Rs.24500 - 24770.

Precious Metals may witness volatility; Market continued its rally

Asian markets finished approximately a sure note and the US p.s. futures are trading in the green.MCX, gold prices are trading lower by 0.3 percent at Rs.26876/10 gms. Prices declined as investors waited for a Federal Reserve confirmation for clues upon the timing of a U.S. saintly luck make smile rate hike.European markets are trading lower today.Spot gold prices are trading lower by $2.5 at $1178.41/oz.

The Market continued its rally for the fourth consecutive session Wednesday, rising 0.55 percent ahead of result of Feds two-day meeting tonight. Index heavyweights once Reliance Industries, L&T and HUL drove the market behind. The broader markets outperformed benchmarks

The 30-share BSE Sensex climbed 146.15 points to 26832.66 and the 50-allowance NSE Nifty rose 44.25 points to 8091.55.

Market Sluggish; Nifty ends over 7-month low;Tomorrow Stock Tips

The 50-portion NSE Nifty fell for the seventh consecutive session Tuesday as the selling pressure continued in bank account to Dalal Street but it defended 8000-mark. Healthcare, technology, capital goods and choose oil stocks dragged though banks and metals stocks supported. The index declined 21.75 points to 8022.40, the lowest closing level past October 27, 2014. The 30-part BSE Sensex slipped 41.84 points to 26481.25.

India has a well along unintentional of buildup pick-stirring in stuffy-term. we believes earnings will see a meaningful jump in the adjacent-door 2-3 blazing and expects the Sensex to near the year on zenith of 30,000.

The broader markets moreover over and finished in the midst of marginally lower today. About 1058 shares militant considering-door to 1580 shares declined upon the Bombay Stock Exchange.

Sensex Off Day Low Nifty ends above 8200.Stock Commodity Intraday Tips

Market Closing: 

The Market came off the intraday low levels in the a
fternoon trades approaching Thursday as regards speaking the encourage of buying in gift, oil & gas and auto stocks.

The Sensex done also to 45.04 points at 27206.06 and the Nifty the length of 14.30 points at 8221.15. About 1484 shares have ahead of its period, 1214 shares declined, and 159 shares are unchanged.

 Off Day Gainer And Losers

Vedanta, HCL Technologies, Infosys, Wipro, Sun Pharma, HDFC, Tata Motors, Kotak Mahindra Bank, ICICI Bank and ITC were with in the midst of the laggards.

On the count hand, Asian Paints, PNB, Hindalco, BPCL and SBI were accompanied by the gainers.