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Agri Market Trend And Updates Today :- Jeera Dec NCDEX: Prices tumbled after breaking the support of 14430 and closed the day at 14330 levels. Though, daily RSI and MACD histogram showcasing a bearish signal, a trend line support at 14300 is likely to restricted further sell off. However, If it breaks the support, liquidation may be see towards 14250 followed by 14030 region. Otherwise, expect a pullback rally towards 14500 levels in the immediate run.
Soybean Dec NCDEX :- Prices slipped down from 3268 and also broke the support of 3232, which may trigger selloffs towards 3175 levels.
Maize Updates :- Maize Price is expected to trade on a negative note due to subdued poultry and industrial demand in
the spot front due to high moisture content (18-19%) of the crop. The accepted range is only 13% which would
substantially increase the drying cost. Hence, buyers are restraining from buying in bulk quantities.It is having positive trend for todays trading session.
MCX Commodity Tips :- Buy silver 63710 to 63720 stop loss of 63400 target of 64720/ 65080.
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