Mcx Commodity Tips

Wheat yesterday traded with the negative node and settled -0.56% down at 1205.6. India’s wheat exports this season is still in the making even after country’s food minister said no wheat exports are allowed from government stocks. 

India has maintained a ban on the export of wheat for the past three years, but overflowing stocks have nudged the government to examine whether to allow some exports. In Delhi wheat prices gained3.1 rupee to end at 1195.2 rupees per 10 kg. In yesterday's sure shot stock tips trading session Wheat has touched the low of 1205.2 after opening at 1213, and finally settled at 1205.6. 

For today's session market is looking to take support at 1201.7, a break below could see a test of 1197.9 and where as resistance is now likely to be seen at 1212.9, a move above could see prices testing 1220.3.

Trading Ideas:

Wheat trading range is 1197.9-1220.3.

India’s wheat exports this season is still in making even after food minister said no wheat exports are allowed

Wheat is having resistance at 1212.90 and support at 1201.70 level.

NCDEX accredited warehouses wheat stocks remained at 6504 tonnes. 

In Delhi wheat prices gained3.1 rupee to end at 1195.2 rupees per 10 kg.

Mustardseed yesterday traded with the negative node and settled -0.1% down at 2878 tracking weakness in other oilseed counters. 

The total arrivals of mustard seed increased by 35000 bags from the previous day to 3.40 lakh bags in major mandies. In the Sriganganagar spot market in Rajasthan the price edged up by 33.75 rupee to 2788.75 rupees per 20 kgs. 

In yesterday's trading session Mustardseed has touched the low of 2871 after opening at 2884, and finally settled at 2878. 

For today's session market is looking to take support at 2867.7, a break below could see a test of 2857.3 and where as resistance is now likely to be seen at 2891.7, a move above could see prices testing 2905.3.

Trading Ideas Mcx Commodity Tips :

Mustard Seed trading range is 2857.3-2905.3.

Mustardseed yesterday traded with the negative node tracking weakness in other oilseed counters

Mustardseed looks to take support at 2868 and resistance at 2892.

NCDEX accredited warehouses mustard seed stocks rose by 603 tonnes to 162175 tonnes. 

In the Sriganganagar spot market in Rajasthan the price edged up by 33.75 rupee to 2788.75 rupees per 20 kgs.