Gold along with silver may trade with weak bias due to euro zone crises and rising greenback. Gold can trade in range of Rs. 27,600-28,200 and silver can trade in range of Rs. 52,000-53,000 in near term. Base metals counter can trade in red tracking weak international markets. Copper may trade in range of Rs. 416-427 while Lead may trade in range of Rs. 107.5-109.5 and zinc in range of Rs. 103-104 in near term. Crude oil can further dip lower tracking weak international markets. Crude can trade in range of Rs. 4,950-5,100.
NCDEX Agri Commodity Market Tips & Updates:
Pepper futures (June) is likely to trade sideways maintaining support above 37,000 levels. Turmeric futures (June) is likely to trade range bound facing resistance near 4,000 levels. Jeera futures (June) is likely to consolidate facing resistance near 14,100 levels. Cardamom futures (June) is expected to trade with a weaker bias on profit booking from higher levels.
NCDEX Agri Commodity Market Tips & Updates:
Pepper futures (June) is likely to trade sideways maintaining support above 37,000 levels. Turmeric futures (June) is likely to trade range bound facing resistance near 4,000 levels. Jeera futures (June) is likely to consolidate facing resistance near 14,100 levels. Cardamom futures (June) is expected to trade with a weaker bias on profit booking from higher levels.
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