Global gold prices slipped on Monday as investors turned to equities.
Crude oil: NSE 0.00 % also came off amid concerns that an economic downturn may dent fuel consumption.
Bullion: The bullion counter may trade sideways with a weak bias as gold prices slipped in overseas markets. MCX Gold can slip lower towards Rs 31,600. Silver can take support near Rs 37,700 and has a resistance near Rs 38,300.
Spices: Jeera futures (April) faced resistance near Rs 15,775 and then retraced on the back of profit booking. This phenomenon may drag down the counter to Rs 15,220. Coriander futures (April) may witness consolidation in the range of Rs 6,300-6,500 level. Cardamom futures (April) may see a rise till Rs 1,530 level as demand is outweighing the supply.
Other commodities: The upside moves of cotton futures (March) may remain restricted near Rs 21,320 level. Chana futures (April) may show a breakout of its resistance near Rs 4,270 and move higher to test Rs 4,320 level. The near-term support is Rs 4,250.
Crude oil: NSE 0.00 % also came off amid concerns that an economic downturn may dent fuel consumption.
 |
| Commodity Market Tips |
Bullion: The bullion counter may trade sideways with a weak bias as gold prices slipped in overseas markets. MCX Gold can slip lower towards Rs 31,600. Silver can take support near Rs 37,700 and has a resistance near Rs 38,300.
Spices: Jeera futures (April) faced resistance near Rs 15,775 and then retraced on the back of profit booking. This phenomenon may drag down the counter to Rs 15,220. Coriander futures (April) may witness consolidation in the range of Rs 6,300-6,500 level. Cardamom futures (April) may see a rise till Rs 1,530 level as demand is outweighing the supply.
Other commodities: The upside moves of cotton futures (March) may remain restricted near Rs 21,320 level. Chana futures (April) may show a breakout of its resistance near Rs 4,270 and move higher to test Rs 4,320 level. The near-term support is Rs 4,250.
To Know More About MCX Gold Option Tips
Missed Call@ 8817002233
Whatsapp @ 9893024247
Mail Us = starindiamarket@gmail.com
No comments:
Post a Comment