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In commodity market both segment is trading at negative bias. In gold the bounce may be temporary but overall the major trend on gold is likely to be lower and at the moment in international market around USD 1,600-1,620 per ounce is capped and yesterday’s move from USD 1,587 per ounce, it has fallen.
Crude Oil Tips Today :- sell crude only at 5143 with stop loss above 5149.
NCDEX Trend Today :- Jeera May NCDEX - If prices would able to sustain above 13700-13600 regions, pullbacks might continue towards 14125 levels. Else, mild profit taking towards 13500 levels are expected.
Turmeric May NCDEX - Day’s candlestick pattern portraying bullishness is exhausted. However, would witness pullbacks if prices hold the support of 6950 levels.
Chana May NCDEX - If unable to trade above 3644 could see profit booking towards 3575/3545 levels.
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