MCX Live Market Update - Safal Trading

In April this year the export of spices has increased nearly 50 per cent. In April, nearly 58 500 tonnes is exported spices. Cardamom and cayenne pepper exports more than double the growth seen. During the same period the export of pepper has declined by nearly 50 per cent. Yet, in today's futures price of pepper has managed to record. But now the upper level has been sold. The other is volatility in spices.

With 1.5 per cent on the NCDEX Pepper is trading at Rs 42 500. Red Pepper has been around Rs 5100 with a marginal decline. With a marginal decline on NCDEX Turmeric is trading at Rs 4960. The seeds with 2.5 per cent to Rs 15 115's. With 1 per cent to Rs 1,340 on MCX Cardamom has come down.

Mentha oil has gone up today. Mentha oil at mcxtips with a gain of 2 per cent is trading. Mentha oil production this year is expected to increase strongly. Currently is trading at Rs 1,330 on MCX mentha oil.

Gold in the international market has risen to $ 1,600. Silver is also traded on the edge. Despite the strengthening of the rupee against the dollar in the domestic market, gold and silver are traded on the edge. With 0.25 per cent up on MCX gold is trading at Rs 29 360. Rs 53,000 with a gain of 0.5 per cent silver is approaching. 1 per cent up on MCX crude oil has risen to Rs 4,900. MCX 0.2 to 0.5 per cent in the base metals have been strong.

CommodityTradingCall’s experts advise for investors : -

MCX Copper updates (August futures): Sell - 425.50, stoploss of Rs - 427 goal - 421 .

MCX gold updates (August futures): Sell - 29 325, stoploss of Rs - 29 360 and the target - 29225 .

Silver mcx tips (September futures): Buy - 52 850, stoploss of Rs - 52 680 and the target - 53300 .