Commodity Online Daily Trading Tips

Jeera trading strategy for second week of May

Jeera stand still in the market today after having positive rally, from past two days. Jeera is still looking bullish on bad weather conditions of the local region, surrounding area of Unjha, Gujarat.

Chilli and Cardamom uptrend will continue: Karvy

Chilli June futures prices are projected to continue the recovery on fresh buying during earlier trading hours. Declining arrivals towards the closing month might cushion the prices However; overall trend is likely to

MCX Copper gains resistance at Rs.425.20 427.70:Angel

On account of strength in the US dollar index and rise in risk aversion in the global markets due to deepening concerns over Europe’s debt worries, we expect base metals pack to trade lower today.

MCX Crude oil rises resistance at Rs.5465 5486:Angel

From the intra-day perspective we expect crude oil prices to trade with a negative bias on the back of expected rise in US crude oil inventories, slowdown in China’s crude oil consumption and strength in the US d

MCX Gold jumps resistance at Rs.28850 28920:Angel

Re-emergence of concerns with respect to global economic growth will lead to strength in the US dollar index today.

MCX Cardamom tumbles trading Range at Rs.1080 1160

Cardamom prices are expected to continue the correction during the day on back of exporter resistance in bulk buy-ing.

NCDEX Chilli sheds sell at Rs.4970 80 :Karvy

Chilli June futures prices are projected to witnessed further down trend on back of prevailing weak spot market activ-ity. Majorly there have not been any changes in prevailing fundamentals which is creating a kind of

NCDEX Jeera weighs down trading Range at Rs.12080 12510:Karvy

Jeera futures prices are projected to recover from earlier losses on back of rising export demand. Arrivals at spot front are also declining which might support prices to trade up.

NCDEX Turmeric drops sell at Rs.3620 30:Karvy

Turmeric prices are expected to trade slightly lower on back of prevailing weak demand from exporters.

NCDEX Pepper declines sell at Rs.38380 400:Karvy

Pepper futures prices are expected to continue the corrections during early trading hours on speculative activities.

NCDEX Potato weighs down resistance at Rs.1010 1020:Angel

Potato prices may trade downwards in the intraday due to comfortable supplies in the domestic markets may cap sharp gains on the other had demand in the domestic markets may support prices at lower levels.<

MCX Mentha Oil slumps resistance at Rs.1965 1980:Angel

Mentha oil prices in the intraday are expected to trade downwards.