High action is being witnessed in Crude Oil price today, in global market Crude Oil price moved higher. Brent Crude price moved above 64$, and at NYMAX the price gained 1.5%. US Fed expected to not increase interest rates. Gold looking strong, at COMAX Gold cross 1200$, weakness in INR increased, INR is trading 15-17 paise down against US dollar.
At MCX Crude Oil traded positive, while Natural Gas lose 1%. Base Metals, Gold and Silver are traded with slight gain.
In Agri Commodities Channa NCDEX May future decline 1% traded near Rs 3917 while Jeera May future slipped 0.14% traded near Rs 18265.
MCX-NCDEX Trading Calls
Gold MCX June Future Buy above 26910 target 26968, 27027, 27106 stop loss 26830.
Silver MCX May Future Buy above 36658 target 36793, 36929, 37081 stop loss 36505.
Natural Gas MCX April Future Sell below 162 target 159.00 stop loss 165.20.
Copper MCX April Future Sell below 385 target 380 stop loss 388.
Channa NCDEX May Future Buy above 3930 target 4000 stop loss 3880.