Tuesday 27 March 2018

Rudra Investment Commodity Market | The Strategy In The NCDEX


With this mood of weather, the commodity market is also catching up. Gray is continuing for the second consecutive day and its price has gone up to the last level of 1 week. Yesterday it had a 4% upper circuit.


Meanwhile, the rupee has strengthened against the dollar and the rupee touched the upper level of 1 month. The price of the dollar is near Rs 64.75. At the same time, gold is fast in the global market, while there is pressure on this in the domestic market. Meanwhile, Goldman Sachs has expressed the hope of further bullion in gold. Meanwhile, crude oil continues to grow.


Despite the strong rupee, the base metal is fast in the domestic market today. All metals including copper are being traded on the edge. In fact, the LME has been accelerating due to the trade war weakness between the US and China, and this has affected the domestic market.


Meanwhile, brass futures are on the rise in brass futures and on the first day of trading, it has a turnover of Rs 20 crore. On the first day, 581-tonne brass saw the business.



Gold MCX (April Futures): Buy - 30800, StopLoss - 30650, Target - 31050  
Silver MCX (May futures): Buy - 38900, StopLoss - 38400, Target - 39600    
Crude oil MCX (March futures): Buy - 4220, StopLoss - 4160, Target - 4300   
Copper MCX (April futures): Buy - 432, StopLoss - 428, Target - 440                

Chana NCDEX (April futures): Buy - 3720, StopLoss - 3650,        Target - 3800 
Guar Seed NCDEX (April Futures): Sell - 4220, StopLoss - 4300, Target - 4100   
Mustard NCDEX (April Futures): Sell - 4020, StopLoss - 4100,     Target - 3900     


           

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