Gold along with silver may bounce back from lower levels due to short covering. Gold can trade in range of Rs. 27,900-28,300 and silver can trade in range of Rs. 51,500-53,000 in near term. Base metals counter can trade in green zone as some lower level buying can be seen at current levels. Copper may trade in range of Rs. 417-427 while Lead may trade in range of Rs. 106-108 and zinc in range of Rs. 102.50-104 in near term. Crude oil can bounce back from lower levels tracking firm overseas cues. Crude can trade in range of Rs. 5,000-5,150.
NCDEX, Agri Commodity Tips, NCDEX Live Tips:
Pepper futures to trade higher for the day. Pepper futures (June) is likely to take support above 37,300 levels and trade sideways. Turmeric futures (June) is likely to trade with a positive bias tracking a bullish spot market. Jeera futures (June) is likely to trade range bound facing resistance near 14,100 levels. Cardamom futures are expected to extend its uptrend because of strong demand to meet the festive season.
NCDEX, Agri Commodity Tips, NCDEX Live Tips:
Pepper futures to trade higher for the day. Pepper futures (June) is likely to take support above 37,300 levels and trade sideways. Turmeric futures (June) is likely to trade with a positive bias tracking a bullish spot market. Jeera futures (June) is likely to trade range bound facing resistance near 14,100 levels. Cardamom futures are expected to extend its uptrend because of strong demand to meet the festive season.
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