Non-Agri commodities have fallen sharply in the market today. Including gold and silver, Crude and Natural gas has been declining sharply. Selling pressure on Base Metals, Copper, Lead, and Zinc. Edible oil is weaker in Agri commodities while Guar is trading higher. Selling pressure in Wheat and sugar. After finishing of import duty on wheat, it is constantly under pressure.
Investment Advice on Agri and Non-Agri commodities
Gold MCX Feb Future Sell below: 27556.00 Targets: 27528.27, 27486.80, 27445.36 Stop loss : 27597.52.
Silver MCX March Future Sell below: 41514.06 Targets: 41483.87, 41432.96, 41382.07 Stop loss: 41565.02.
Soya Oil NCDEX Dec Future Buy above 720 target 728 stop loss 716.