Best MCX, NCDEX Tips for Today (4th August)

Jeera – Jeera failed to hold on to the higher levels as profit booking persisted for the counter. Traders do however anticipate the demand to start rising again as the weather clears up over Gujarat.

Soya Oil – Refined Soy Oil futures closed lower tracking weak physical demand from the stockiest. Earlier, Government has increased soya oil tariff rates for the next fortnight
capped further loss.

Castor – Castor futures may trade slightly. However, we expect gains to be limited and prices resume downtrend on overall weakness in the market. Area under the crop is higher
in Gujarat and in Rajasthan during this season which likely to support the prices to
trade lower in castor futures.

BUY GUARSEED OCT Above 3680 Target 3690, 3710 STOPLOSS 3590
BUY Zinc Above 179.50 Target 180, 181.20 Stop Loss 175.30
SELL GOLD OCT Below 28500 Target 28300/28100 STOPLOSS 28700

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