Free NCDEX Tips | Today, the first thing to talk about is Agri Commodities where the farmers of Kabul gram are very worried at this time. Indeed, its prices are constantly falling. In Mandi, its price has dropped to Rs 5000. The prices are close to 50 percent lower than last year. It has slumped nearly 15 percent in the last just one month.
There has been an increase in wheat. In futures, its price has gone up to 1.5 years. It is trading above 1800 rupees. In fact, the government has decided to increase duty on imports of wheat. The Finance Ministry has approved import duty on wheat from 20 percent to 30 percent. In this case, wheat prices have got support.
Meanwhile, the monsoon is fast moving forward and it is expected to reach Andaman soon. According to the Rudra Investment Research Team, the monsoon will reach Andaman in the next two to three days. The environment is favorable for this to move forward. Let us tell you this year it is expected to knock in Kerala by May 29th.
Talking of non-agri, crude oil is under pressure from upper levels and Brent has slipped to $ 79. Nymex crude is also down 0.5%. In fact, OPEC has indicated to increase the supply of crude from next month i.e. June.
Meanwhile, there is a huge upheaval in the base metal. In domestic market, there is pressure from the upper level of 4.5 years in Copper. At the same time, the price of nickel is broken by almost 1 percent. Also the lead is weak. But aluminum and zinc are strong.
Now talk of gold and silver where the business is getting started in a very small area today. On the other hand, the fall in rupee has increased and against the dollar, the dollar has crossed $ 68.20. Although now lower recovery has come from the lower level the rupee is still at the lower level of 16 months.
Rudra Investment Free NCDEX Tips
MCX Gold (June futures): Sell - 31060, Target - 30900, Stop-Loss - 31160
MCX Silver (July futures): Sell - 40400, Target - 39900, Stop-Loss - 40750
MCX Copper (June futures): Buy - 468, Target- 465, Stop-Loss - 475
MCX Lead (May futures): Sell - 167.50, Target- 165, Stop-Loss- 168.50
MCX Crude Oil (June Futures): Buy - 4900, Target- 4950, Stop-Loss - 4850
