Today ncdex sugar is looking bearish. The sweet sugar is seems to be bitter. Due to widening gap Indian sugar industries got a total net loss of Rs. 10 billion in 2012-13. The central government has announced a 24 percent hike in sugar price. On India’s multi commodity exchange the metals are working in uptrend. The precious metals as well as the base metals all are looking optimistic for future delivery. The natural gas and the mentha oil still doing trading in downward direction.
From last few days cotton has shown good results. It tried to remain in green shade and traded in that only. Today also in early morning trade the cotton has surge 170 points at 19460 with a total high of 20060.00 and low of 17570.00
In the international market gold seems to be in superior position. The gold price rise with a rate of change of 5.70 points opened at 1383.90. The crude oil which is up in country’s exchange is moved down around 0.33 percent in international market to Rs. 104.62.
Coriander buy target 6610/6620/6630 stop loss 6550
Turmeric sell target 5442/5432/5420 stop loss 5512
Cotton buy target 19485/19500/19515 stop loss 19410
