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Thursday, 1 March 2018

RUDRA INVESTMENT | What Should Be The Strategy In Commodity Market Today


Following the statement by Powell, the chairman of the US Federal Reserve, the decline in gold has risen and it has dropped to a 2-week low. Actually, Powell has indicated signs of rising interest rates this year. In such a situation, recovery in the dollar has been found. It is believed that the rates are increasing in the Fed meeting this month. Gold in the global market has come down to $ 1320. Silver is below $ 16.5.

There is also pressure on crude oil in the global market due to recovery in the dollar. Meanwhile, the impact of increasing reserves in the US has also shown on the crude business. However, the pressure on the rupee has increased strongly in the dollar and rupee has slipped to the lowest level in the last three months against the dollar. The price of one dollar has crossed 65.10 paise. The rupee has been trading with a decline of about 0.25 percent.

Speaking of agri commodity, on the NCDEX, the futures of mustard on futures rose by 0.02 percent to Rs 4072. At the same time, Castor Seed's March futures are showing an increase of 0.76 percent to Rs 4095. While turmeric's April futures is trading at Rs 6678 with an increase of 0.27 percent.


Mustard NCDEX (April Futures): Sell - 4100/4110, Stoploss - 4140 and Target - 4020/4000

Castor Seed NCDEX (March futures): Sell - 4120/4130, Stoplaus - 4180 and Target - 4000/3980

Turmeric NCDEX (April futures): Sell - 6700/6750, stoploss - 6950 and target - 6500/6



           

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3 comments:

  1. August article! One of the best stock advisory company in Indore Trade Nivesh provides intraday stock future tips with HIgh accuracy. Thanks for sharing.

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