MCX NCDEX TIPS 29 Dec:- (MCX), COMDEX started on a positive zone after a fall of 1.12% on Wednesday.
Bullions: Gold is expected to continue yesterday selling pressure as it prices can test 27000 in near term. Gold wallowed near a three-month low on Thursday, remaining under pressure due to a firm dollar, while investors fretted over an important Italian bond auction later in the day.
Base Metals: Base metals may trade sideways with weak bias. London copper fell on Thursday, dropping for a second straight session as a firm dollar weighed, while investors eyed an important Italian bond auction later in the day for further trading cues.
Energy: Crude oil can extend yesterday profit booking as investors will eye the weekly EIA inventory report. Oil futures retreated below USD 100 a barrel on Wednesday as stock markets declined, but the prospect of additional sanctions on Iran kept a floor under prices.
The move sent oil prices vaulting above USD 101 a barrel for the first time in nearly two weeks.
AGRI TIPS|TODAY NCDEX:-Spices: Turmeric futures may trade sideways holding support above 4670 levels.
Chilli futures may trade sideways because of dull demand at the spot markets.
Oilseeds: Domestic oilseeds may gain tracking firm international and spot prices.
Kapas futures may trade higher. Cotton exporters are making brisk purchases across Gujarat and Maharashtra, meanwhile, demand from local mills has begun supported by requirement from garment manufacturers.
Mcx ncdex FILL THE FORM
Bullions: Gold is expected to continue yesterday selling pressure as it prices can test 27000 in near term. Gold wallowed near a three-month low on Thursday, remaining under pressure due to a firm dollar, while investors fretted over an important Italian bond auction later in the day.
Base Metals: Base metals may trade sideways with weak bias. London copper fell on Thursday, dropping for a second straight session as a firm dollar weighed, while investors eyed an important Italian bond auction later in the day for further trading cues.
Energy: Crude oil can extend yesterday profit booking as investors will eye the weekly EIA inventory report. Oil futures retreated below USD 100 a barrel on Wednesday as stock markets declined, but the prospect of additional sanctions on Iran kept a floor under prices.
The move sent oil prices vaulting above USD 101 a barrel for the first time in nearly two weeks.
AGRI TIPS|TODAY NCDEX:-Spices: Turmeric futures may trade sideways holding support above 4670 levels.
Chilli futures may trade sideways because of dull demand at the spot markets.
Oilseeds: Domestic oilseeds may gain tracking firm international and spot prices.
Kapas futures may trade higher. Cotton exporters are making brisk purchases across Gujarat and Maharashtra, meanwhile, demand from local mills has begun supported by requirement from garment manufacturers.
Mcx ncdex FILL THE FORM
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