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TODAYS MARKET CALLS

SELL GOLD BELOW 16260 SL 16320 TGT 16222-16180-16132. MCX

SILVER

Silver largely tracked base metals and closed down despite firmer gold prices. US silver futures fell nearly 0.6 percent and closed down at $17.42/oz on Comex.

Here is a summary of a commodity market report by Kotak Commodity:

H! Friends,

TMC & TMC (Turmeric/Haldi): Today It Fallen More Than 600 Points 4rm Top

Fundamental Analysis

Fundamental Analysis

Fundamental Analysis

Fundamental Analysis

Improved buying at lower levels by the stockists and anticipation of overseas demand led prices to strengthen.

Fundamental Analysis

April soybean futures ended higher on account of short covering and firm overseas market on Wednesday.

Fundamental Analysis

NCDEX April Mustard seed futures ended slightly higher on second consecutive day due to buying at lower levels on Wednesday.

Fundamental Analysis

Soy oil prices ended in green on account of firm overseas market on Wednesday.

In an exclusive interview with CNBC-TV, Tarang Bhanushali, India Infoline and Kishore Narne, VP, Anand Rathi Commodities, speak about various commodities and give their outlook going forward.

TODAYS MARKET CALLS

BUY GOLD APR ABV 16700 SL 16650 TGT 16745-16785-16830.MCX (EVE VOLATILE)

With investors around the world giving gold its due, the demand for the precious metal along with a weakening dollar brightens the long-term prospects of gold.

Fundamental Analysis

Improved buying at lower levels by the stockists led prices to strengthen after dipping by Rs.200/qtl.

Fundamental Analysis

April soybean futures ended slightly higher on account of short covering and firm overseas market.

Fundamental Analysis

NCDEX April Mustard seed futures ended slightly higher due to buying at lower levels on Tuesday.

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BUY GOLD APR @ 16700-720 SL 16670 TGT 16745-16768-16790.MCX (EVE WEAK)

The dollar index remained strong and stayed just under highs for most of the session. This was triggered by a slide in the euro against the dollar on lack of progress on a financial-aid package for debt-strapped Greece.

Fundamental Analysis

Turmeric prices in short term may remain firm due to better offtakes by the local stockists.

Fundamental Analysis
Better arrivals amidst lacklustre overseas demand are pressurizing the prices. Demand from the domestic stockists has also reduced.

Fundamental Analysis

NCDEX April Mustard seed futures ended marginally higher due to buying at lower levels on Monday.

Fundamental Analysis

Soy oil prices ended in red on account of lower demand at retail ends on Monday.

April gold Futures reversed yesterday and closed above at 16538 levels.

April futures crude oil prices traded lower and after making a low of 3643 it settled at 3657 levels.

April Wheat future prices witnessed a rally on yesterday’s trading session and after making a high of 1159.8 it settled at 1159.80 levels.

April RM seed future prices traded sideways to marginally higher and after making a high of 478 it settled at 474.20 levels.

April Pepper future prices traded down by reversing the previous trend and after making a low of 12905 it settled at 12920 levels.

March Mentha oil future prices fell sharply by reversing the previous gains and after making a low of 610.8 it settled at 613.2 levels.

April Guar seed future prices traded sideways to lower by continuing the previous trend and after making a low of 2222 it settled at 2240 levels.

Mustard April futures are trying to breach the strong resistance of Rs 482, if broken then next resistance is at Rs 490, volume and open interest is flat, said Dharmesh Bhatia, technical analyst, Kotak Commodity Services. Selling at Rs 478-480 with stop loss of Rs 486 and target of Rs 468 is advisable.

TODAYS MARKET CALLS

Fundamental Analysis