MCX Tips Today,free commodity tips,ncdex agri trend,bullion tips,gold updates today
MCX Updates Today :- we expect bullion metals to trade on a positive note on the back of upbeat global market sentiments. Positive data from the US economy along with US Federal Reserve statement that it will continue with its bond buying program as the economy is progressing modestly along with weakness in the DX is expected to keep precious metals firm. In the Indian markets appreciation in the Rupee will cap sharp gains in the MCX precious metals.
Crude Oil Trend And Updates :- Crude oil prices is expecting to remain trade with upward bias on the back of upbeat global market sentiments along with weakness in the DX. Additionally, favourable data from the US economy and Chinese economy will also act as a supportive factor for the crude oil prices. However, sharp rise in the prices are expected to be capped on the back of sufficient US stock piles of crude oil.
MCX Tips :- Buy Gold INR 30845 SL 30825 target look INR 30947-83 if breaks then 31007.
NCDEX Updates :- Pepper Nov NCDEX: Prices failed to maintain the bullish momentum as selling pressure from 44445 brought down prices to 44200 regions. Meanwhile, Doji formation in daily chart is rendering an indecisive phase for the day. So, it has to breach above 44500 to take prices in to upward trajectory towards 44800 or even higher to 45200. Contrary, a break below 43900 could see profit booking until 43500 levels.
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