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Cottoncandy Cotton candy prices fell by 0.18%, settling at 56,550 due to profit booking after recent gains. The decline is attributed to a significant reduction in cotton planting area in key regions. This year, the cotton acreage in Punjab, Haryana, and Rajasthan has dropped markedly from last year's 16 lakh hectares to 10.23 lakh hectares. Specifically, Punjab saw a reduction to 97,000 hectares from a typical 7.58 lakh hectares, Rajasthan's cotton area decreased to 4.75 lakh hect...
Sell Cottoncandy Sep @ 56800 SL 57000 TGT 56400-56200. MCX - Kedia Advisory
Jeera Observations Jeera trading range for the day is 25620-27680. Jeera gains amid robust domestic and export demand besides tight global supplies. China's cumin output soared to over 55-60 thousand tons from the previous 28-30 thousand tons. Turkey anticipates producing 12-15 thousand tons, while Afghanistan's output could double. In Unjha, a major spot market, the price ended at 26291.7 Rupees dropped by -0.55 percent. BUY JEERA AUG @ 26500 SL 26100 TGT 27000-2...
Buy Turmeric Aug @ 15600 SL 15300 TGT 16000-16300. NCDEX - Kedia Advisory
Crudeoil Observations Crudeoil trading range for the day is 6315-6707. Crude oil gains amid strong U.S. economic data stoked expectations for higher crude demand Concerns about China's declining oil imports and refinery activity due to sluggish economic growth weighed on the market. US economy showed stronger-than-expected growth in Q2, suggesting potential Fed interest rate cuts in September, which could boost oil demand. The EIA reported a larger-than-expected drop in ...
Buy Crudeoil Aug @ 6540 SL 6460 TGT 6640-6720. MCX - Kedia Advisory
Aluminium OBSERVATIONS Aluminium trading range for the day is 209.4-214.8. Aluminium prices dropped amid concerns about demand Global primary aluminium output rose by 3.9% year-on-year to 35.84 million metric tons in the first half of 2024 Global aluminium output rises 3.2% year on year in June – IAI BUY ALUMINIUM AUG @ 210 SL 208 TGT 212-214. MCX Copper OBSERVATIONS Copper trading range for the day is 776.2-812. Copper dropped as demand conce...
Buy Aluminium Aug @ 210 SL 208 TGT 212-214. MCX - Kedia Advisory
Silver Observations Silver trading range for the day is 78330-86000. Silver dropped as dollar index cuts early losses as trader’s digest key economic data. Fed expected to start cutting interest rates in September, with more reductions expected by year-end. Demand weakness in China and India's lowered import duties on gold and silver. Investors await key US economic data to determine Federal Reserve monetary policy. BUY SILVER SEP @ 81000 SL 80400 TGT 81800-8240...
Buy Silver Sep @ 81000 SL 80400 TGT 81800-82400. MCX - Kedia Advisory
Gold Observations Gold trading range for the day is 66950-68360. Gold slid as investors squared positions to focus on U.S. economic data The US GDP expanded by an annualized 2.8% in the second quarter, well above market expectations of 2% China's net gold imports via Hong Kong in June down 18% m/m Markets see a 100% chance of a rate cut by the Fed in September, according to the CME FedWatch Tool. BUY GOLD AUG @ 67300 SL 67100 TGT 67600-67800. MCX
Buy Gold Aug @ 67300 SL 67100 TGT 67600-67800. MCX - Kedia Advisory
Gold Gold prices dropped by 2.16%, settling at 67,462 as investors adjusted their positions in anticipation of U.S. economic data that could provide more clarity on the Federal Reserve's potential interest rate cuts. The U.S. GDP grew by an annualized 2.8% in the second quarter, surpassing market expectations of 2% and accelerating from the previous period's 1.4% growth. Despite the robust GDP figures, underlying inflation indicators remain significantly above the Federal Reserve...
Silver trading range for the day is 78330-86000 - Kedia Advisory
Jeera Observations Jeera trading range for the day is 25940-26280. Jeera dropped as the expectation of higher production could weigh on the prices. China's cumin output soared to over 55-60 thousand tons from the previous 28-30 thousand tons. Turkey anticipates producing 12-15 thousand tons, while Afghanistan's output could double. In Unjha, a major spot market, the price ended at 26441.65 Rupees dropped by -0.09 percent. BUY JEERA AUG @ 26000 SL 25700 T...
Buy Jeera Aug @ 26000 SL 25700 TGT 26500-26800. NCDEX - Kedia Advisory
SILVER Observations Silver trading range for the day is 84020-86170. Silver settled flat as traders assess fresh PMIs and the monetary policy outlook. The odds for a 25bps rate cut by the Fed are now back to 100%. India slashed import duties on Silver to 6% from 15%. Sales of new single-family houses in the United States fell 0.6% month-over-month SELL SILVER SEP @ 85000 SL 85500 TGT 84300-83800. MCX
Sell Silver Sep @ 85000 SL 85500 TGT 84300-83800. MCX - Kedia Advisory
GOLD Observations Gold trading range for the day is 68320-69620. Gold prices rose as the dollar slipped with investors' focus shifting to U.S. economic data Markets are anticipating a 100% chance of a rate cut by the central bank in September S&P Global flash PMIs for the US showed private sector activity remained robust India slashed import duties on gold to 6% from 15%. SELL GOLD AUG @ 69100 SL 69300 TGT 68800-68600. MCX
Sell Gold Aug @ 69100 SL 69300 TGT 68800-68600. MCX - Kedia Advisory
CRUDE OIL Observations Crudeoil trading range for the day is 6408-6612. Crude oil rose driven by a larger-than-expected drawdown in US oil inventories. Crude oil inventories in the US fell by 3.741 million barrels Gasoline stocks dropped by 5.572 million, versus forecast of a 0.9 million draw Russia to offset bulk of oil overproduction in March – Sept. 2025, OPEC says SELL CRUDEOIL AUG @ 6550 SL 6650 TGT 6450-6350. MCX NATURAL GAS Obser...
Buy Natural Aug @ 178 SL 174 TGT 183-186. MCX - Kedia Advisory
Cotton Cotton candy prices decreased by 2.31% to 56,650 on profit booking following recent gains. The decline in prices is partly attributed to reduced cotton cultivation in key Indian states. Punjab, Haryana, and Rajasthan have collectively reported only 10.23 lakh hectares under cotton this year, a significant drop from last year's 16 lakh hectares. Specifically, Punjab has seen a drastic reduction to 97,000 hectares, a steep decline from the normal 7.58 lakh hectares of the 1980s an...
Sell Cottoncandy Sep @ 56800 SL 57000 TGT 56400-56200. MCX - Kedia Advisory
ALUMINIUM OBSERVATIONS Aluminium trading range for the day is 210.7-216.3. Aluminium gains on low level buying after prices dropped amid concerns about demand Global primary aluminium output rose by 3.9% year-on-year to 35.84 million metric tons in the first half of 2024 Global aluminium output rises 3.2% year on year in June – IAI SELL ALUMINIUM AUG @ 214 SL 216 TGT 212-210. MCX COPPER OBSERVATIONS Copper trading range for the day is 7...
Sell Aluminium Aug @ 214 SL 216 TGT 212-210. MCX - Kedia Advisory
Gold Gold prices rose by 0.65% to 68,952, driven by a weakening dollar as investors focused on upcoming U.S. economic data for insights into the Federal Reserve's interest rate decisions. Recent S&P Global flash PMIs highlighted a robust U.S. private sector, buoyed by growth in services, although manufacturing saw unexpected contraction for the first time this year. Investors eagerly await Thursday’s GDP report and Friday’s personal consumption expenditures data for mor...
Gold trading range for the day is 68320-69620 - Kedia Advisory
USDINR Observations USDINR trading range for the day is 83.71-83.89. Rupee settled flat as likely intervention from RBI. India Manufacturing PMI rose to 58.5 in July 2023, up from 58.3 in the previous month The HSBC India Services PMI increased to 61.1 in July 2024 from 60.5 in June, preliminary estimates showed SELL USDINR AUG @ 83.9 SL 84 TGT 83.8-83.7. EURINR Observations EURINR trading range for the day is 90.56-91.06. Euro dropped as ...
Sell USDINR Aug @ 83.9 SL 84 TGT 83.8-83.7 - Kedia Advisory
The Soyabean Processors Association of India (SOPA) reports soyabean acreage for the current kharif season at levels similar to last year’s 118 lakh hectares. Increases in Maharashtra and Karnataka balanced declines in Madhya Pradesh and Rajasthan. SOPA’s extensive survey found no major crop health threats but emphasized the importance of upcoming monsoon conditions. Government estimates closely align with SOPA’s findings, indicating a stable planting season overall. &nbs...
Stable Soyabean Acreage Despite Regional Shifts : SOPA Report Highlights by Amit Gupta, Kedia Advisory
SILVER Observations Silver trading range for the day is 81330-90810. Silver dropped as India slashed import duties on silver to 6% from 15%. Pressure also seen amid a weakening demand outlook in China dampened investor sentiment. Traders focused on upcoming US economic data to reinforce rate-cut expectations by the Federal Reserve. China’s economy grew less than expected in the second quarter, while economic indicators for June were mixed. BUY SILVER SEP @...
Buy Silver Sep @ 84500 SL 84000 TGT 85200-85800. MCX - Kedia Advisory
GOLD Observations Gold trading range for the day is 65545-74335. Gold dropped as India slashed import duties on gold to 6% from 15%. Existing home sales in the US fell by 5.4% from the previous month to a seasonally adjusted annualized rate of 3.89 million units in June Markets are anticipating a 94% chance of a rate cut by the U.S. Federal Reserve in September Investors awaited U.S. economic data later this week for more insights on the Federal Reserve's interest rate-c...
Buy Gold Aug @ 68400 SL 68200 TGT 68700-68900. MCX - Kedia Advisory
Cotton Cotton candy prices settled down by 0.27% at 56310 INR, driven by profit booking after recent gains. The decline in prices is partly due to the significant reduction in cotton acreage in Punjab, Haryana, and Rajasthan, which collectively reported 10.23 lakh hectares under cotton compared to last year's 16 lakh hectares. Punjab saw a notable drop to 97,000 hectares from the normal 7.58 lakh hectares seen in the 1980s and 1990s. Despite the decline in acreage, support for cotton p...
Sell Kapas Apr @ 1625 SL 1640 TGT 1605-1590. NCDEX - Kedia Advisory
CRUDE OIL Observations Crudeoil trading range for the day is 6293-6683. Crude oil fell as growing expectations of a ceasefire in Gaza reduced the risk of supply disruptions. Russia's oil output is close to OPEC+ quotas, Deputy PM Novak says The upcoming OPEC+ meeting scheduled for August 1 is not expected to change current output policies. Crude stocks at the Cushing hub, excluding SPR barrels fell by 875,000 barrels to 32.66 million BUY CRUDEOIL AUG @ 6420 ...
Sell NaturalGas Jul @ 186 SL 190 TGT 182-178. MCX - Kedia Advisory
Jeera Observations Jeera trading range for the day is 25660-26740. Jeera gains amid robust domestic and export demand besides tight global supplies. China's cumin output soared to over 55-60 thousand tons from the previous 28-30 thousand tons. Turkey anticipates producing 12-15 thousand tons, while Afghanistan's output could double. In Unjha, a major spot market, the price ended at 26479.55 Rupees dropped by -0.68 percent. BUY JEERA AUG @ 26000 SL 25700 ...
Buy Turmeric Aug @ 15800 SL 15500 TGT 16300-16600. NCDEX - Kedia Advisory
ALUMINIUM OBSERVATIONS Aluminium trading range for the day is 211-218.4. Aluminium prices fell as some bullish positions were scrapped and amid concerns about demand. Global primary aluminium output rose by 3.9% year-on-year to 35.84 million metric tons in the first half of 2024 Global aluminium output rises 3.2% year on year in June – IAI BUY ALUMINIUM JUL @ 213 SL 210 TGT 216-218. MCX COPPER OBSERVATIONS Copper trading range for the d...
Buy Aluminium Jul @ 213 SL 210 TGT 216-218. MCX - Kedia Advisory
Gold Gold prices fell by 5.79% to settle at 68,510 INR, primarily influenced by India's decision to cut import duties on gold from 15% to 6%. This policy change is expected to stimulate retail demand and reduce gold smuggling. Concurrently, the U.S. real estate market reported a significant decline in existing home sales, which dropped by 5.4% to 3.89 million units in June 2024, marking the steepest fall since 2022. Swiss gold exports in June fell to their lowest level since April 202...
Jeera trading range for the day is 25660-26740 - Kedia Advisory
Crudeoil Observations Crudeoil trading range for the day is 6430-6698. Crude oil dropped amid a strong dollar and concern over the economy of China. WTI futures backwardation widens to 8 – month high as Cushing stocks fall Crude stocks at the Cushing hub, excluding SPR barrels fell by 875,000 barrels to 32.66 million in the week to July 12. EIA reported a 4.9-million-barrel decrease in crude stocks last week. SELL CRUDEOIL AUG @ 6600 SL 6680 TGT 6520-6450. MCX &n...
Sell Crudeoil Aug @ 6600 SL 6680 TGT 6520-6450. MCX - Kedia Advisory
Jeera Observations Jeera trading range for the day is 25550-27130. Jeera dropped as the expectation of higher production could weigh on the prices. China's cumin output soared to over 55-60 thousand tons from the previous 28-30 thousand tons. Turkey anticipates producing 12-15 thousand tons, while Afghanistan's output could double. In Unjha, a major spot market, the price ended at 26878.15 Rupees dropped by -0.31 percent. BUY JEERA AUG @ 26000 SL 25700 TGT 26500-2...
Buy Jeera Aug @ 26000 SL 25700 TGT 26500-26800. NCDEX - Kedia Advisory
Cottoncandy Cotton candy prices settled down by 0.11% at 56460 due to profit booking after previous gains. The price increase earlier was driven by a significant decline in cotton acreage in key states like Punjab, Haryana, and Rajasthan, which collectively reported a reduction to 10.23 lakh hectares from last year’s 16 lakh hectares. Specifically, Punjab’s cotton area fell to 97,000 hectares, while Rajasthan and Haryana saw reductions to 4.75 lakh hectares and 4.50 lakh hectar...
Sell Kapas Apr @ 1625 SL 1640 TGT 1605-1590. NCDEX - Kedia Advisory
Silver Observations Silver trading range for the day is 87905-90395. Silver dropped as investors locked in profits following the metal's recent surge Pressure also seen stronger-than-expected data on the U.S. labour market and manufacturing. Manufacturing activity in the US Mid-Atlantic region expanded more than expected in July amid a surge in new orders. Fed’s Waller said that US central bank is ‘getting closer’ to an interest rate cut as inflation...
Sell Silver Sep @ 89500 SL 90000 TGT 88900-88500. MCX - Kedia Advisory
Gold Observations Gold trading range for the day is 72115-73485. Gold prices dipped as the dollar firmed and some investors locked in profits Markets see a 98% chance of a Fed rate cut in September – CME Asian physical gold demand was sluggish, reflecting customers' reluctance to make new purchases despite deep discounts. Swiss June gold exports fall to the lowest in more than two years SELL GOLD AUG @ 72850 SL 73050 TGT 72600-72400. MCX
Sell Gold Aug @ 72850 SL 73050 TGT 72600-72400. MCX - Kedia Advisory
Gold Gold prices declined by 0.37% to settle at 72,718 amid profit booking as markets anticipated the upcoming U.S. personal consumption expenditures (PCE) data, which could provide further insight into the Federal Reserve's potential interest rate cuts. This decline was also influenced by stronger-than-expected manufacturing growth in the U.S. Mid-Atlantic region for July, despite a rise in weekly jobless claims attributed to seasonal factors. Fed Chair Jerome Powell noted that recent...
Cottoncandy trading range for the day is 55670-57290 - Kedia Advisory
Aluminium OBSERVATIONS Aluminium trading range for the day is 211-223.8. Aluminium dropped as SHFE inventories rose to 262,200 tons, the highest since April 2023. China's June aluminium imports up 16% on – year Japan buyers agree to pay higher Q3 aluminium premiums reflecting tighter supplies in Asia BUY ALUMINIUM JUL @ 214 SL 212 TGT 217-220. MCX Copper OBSERVATIONS Copper trading range for the day is 804.1-826.9. Copper prices dropped du...
Buy Zinc Jul @ 262 SL 260 TGT 265-267. MCX - Kedia Advisory
Cottoncandy Cottoncandy prices settled down by 0.48% at 56,520 due to profit booking after a period of gains. This decline follows significant reductions in the cotton planting area across key Indian states. Punjab, Haryana, and Rajasthan collectively reported a total of 10.23 lakh hectares under cotton, a sharp decline from last year's 16 lakh hectares. Specifically, Punjab saw a drastic reduction from 7.58 lakh hectares in the 1980s and 1990s to just 97,000 hectares this year. Additi...
SELL KAPAS APR @ 1620 SL 1635 TGT 1600-1590. NCDEX - Kedia Advisory
Jeera Observations Jeera trading range for the day is 26070-27570. Jeera dropped as the expectation of higher production could weigh on the prices. China's cumin output soared to over 55-60 thousand tons from the previous 28-30 thousand tons. Turkey anticipates producing 12-15 thousand tons, while Afghanistan's output could double. In Unjha, a major spot market, the price ended at 27235.3 Rupees dropped by -0.85 percent. BUY JEERA AUG @ 26400 SL 26100 TGT 26800-27...
BUY TURMERIC AUG @ 15600 SL 15300 TGT 16000-16200. NCDEX - Kedia Advisory
India experienced a 7% surplus in rainfall from July 1-21, recovering from June's deficit and achieving 99% of its long period average (LPA) since June 1. Major agricultural states like Bihar and Punjab faced deficiencies, while the southern and central regions received above-normal rainfall. IMD forecasts continued above-normal rainfall for the month, critical for sowing activities. However, 283 districts remain deficient. Highlights Monsoon Recovery: India experienced a ...
Monsoon Rebounds with 7% Surplus in July, Boosting Seasonal Rainfall by Amit Gupta, Kedia Advisory
Crudeoil Observations Crudeoil trading range for the day is 6462-6888. Crude oil dropped amid a strong dollar and concern over the economy of China. WTI futures backwardation widens to 8 – month high as Cushing stocks fall Crude stocks at the Cushing hub, excluding SPR barrels fell by 875,000 barrels to 32.66 million in the week to July 12. EIA reported a 4.9-million-barrel decrease in crude stocks last week. SELL CRUDEOIL AUG @ 6680 SL 6750 TGT 6600-6540. MCX ...
BUY NATURALGAS JUL @ 175 SL 171 TGT 180-184. MCX - Kedia Advisory
ALUMINIUM OBSERVATIONS Aluminium trading range for the day is 218.8-224.2. Aluminium dropped as SHFE inventories rose to 262,200 tons, the highest since April 2023. China's June aluminium imports up 16% on – year Japan buyers agree to pay higher Q3 aluminium premiums reflecting tighter supplies in Asia BUY ALUMINIUM JUL @ 219 SL 217 TGT 222-224. MCX COPPER OBSERVATIONS Copper trading range for the day is 812.7-833.1. Copper prices dropped ...
Buy Zinc Jul @ 258 SL 255 TGT 262-265. MCX - Kedia Advisory
Silver trading range for the day is 87950-92290. Silver dropped as U.S. dollar index climbed after stronger-than-expected data on the U.S. labour market. Fed’s Waller said that the US central bank is ‘getting closer’ to an interest rate cut. Fed’s Barkin said he is "very encouraged" that easing in inflation has begun to broaden and he would like to see it continue. The US Building Permits increased by 3.4% to 1.446 million in June from 1.399 milli...
Sell Silver Sep @ 90000 SL 90600 TGT 89200-88600. MCX - Kedia Advisory
Gold Observations Gold trading range for the day is 72325-74195. Gold prices dipped as the dollar firmed and some investors locked in profits Markets see a 98% chance of a Fed rate cut in September – CME Asian physical gold demand was sluggish, reflecting customers' reluctance to make new purchases despite deep discounts. Swiss June gold exports fall to the lowest in more than two years SELL GOLD AUG @ 73150 SL 73350 TGT 72800-72600. MCX
Sell Gold Aug @ 73150 SL 73350 TGT 72800-72600. MCX - Kedia Advisory
Gold Gold prices settled down by 1.57% at 72990 as the dollar firmed and investors locked in profits following the metal's recent surge, driven by increasing expectations of U.S. interest rate cuts in September. This decline comes after Fed Chair Jerome Powell stated that recent inflation readings give some confidence that the pace of price increases is returning to the central bank's target sustainably. The market sees a 98% chance of a rate cut by the U.S. Federal Reserve in Sept...
Jeera trading range for the day is 26070-27570 - Kedia Advisory
Early kharif sowing gains have slowed to under 4% due to the approaching end of the planting season, despite recent monsoon improvements. Paddy acreage has increased significantly, while cotton planting has dropped for the first time in years. Soybean and oilseed sowing also show positive growth, though nutri-cereals face a decline. Arhar and pulse sowing have surged due to favorable market conditions. Highlights Kharif Sowing Progress: Early gains in kharif sowing have narrow...
Kharif Sowing Insights : Paddy and Pulses Surge, Cotton Declines Amid Monsoon Revival by Amit Gupta, Kedia Advisory
Cottoncandy prices fell by 1.47% to 56,790, driven by profit booking after recent gains. A significant decline in the area under cotton cultivation in Punjab, Haryana, and Rajasthan contributed to the earlier price increase. These states reported a total of 10.23 lakh hectares under cotton this year, down from 16 lakh hectares last year. In Punjab, the area reduced to 97,000 hectares, a steep drop from the normal 7.58 lakh hectares seen in the 1980s and 1990s. Similarly, Rajasthan's cotto...
Sell Cottoncandy Jul @ 57000 SL 57400 TGT 56500-56200. MCX - Kedia Advisory
Aluminium OBSERVATIONS Aluminium trading range for the day is 219.6-225.6. Aluminium eased as weak demand prospects in China were emphasised by slow economic growth China June aluminium output climbs on higher profits China's economy grew 4.7% in the second quarter, its slowest since the first quarter of 2023. BUY ALUMINIUM JUL @ 221 SL 219 TGT 224-226. MCX Copper OBSERVATIONS Copper trading range for the day is 816.4-849.6. Copper fell as pessi...
Buy Aluminium Jul @ 221 SL 219 TGT 224-226. MCX - Kedia Advisory
USDINR Observations USDINR trading range for the day is 83.53-83.75. Rupee fell on corporate outflows and oil companies' dollar bids. The International Monetary Fund (IMF) raised its economic forecasts this year for China, India, and Europe. India’s economy is estimated to grow 7% from the 6.8% the IMF had projected, owing to stronger consumer spending in rural areas. BUY USDINR JUL @ 83.6 SL 83.5 TGT 83.7-83.8. EURINR Observations EURINR tra...
Sell JPYINR Jul @ 53.55 SL 53.75 TGT 53.35-53.15 - Kedia Advisory
Silver Observations Silver trading range for the day is 90665-93225.Gold steadied helped by prospects for a cut to U.S. interest rates as early as September. Silver dropped weighed down by demand uncertainties in, while investors await updates from the Third Plenum. Fed's Barkin says disinflation seems to be broadening The number of people claiming unemployment benefits in the US rose by 10,000 to 243,000 Further signs of the U.S. labour markets cooling and more dovish r...
Sell Silver Sep @ 92200 SL 92800 TGT 91400-90800. MCX - Kedia Advisory
Gold Observations Gold trading range for the day is 73760-74740. Gold steadied helped by prospects for a cut to U.S. interest rates as early as September. Fed’s Waller said that the US central bank is ‘getting closer’ to an interest rate cut as inflation's improved trajectory and a labor market in better balance. Fed’s Barkin said he is "very encouraged" that easing in inflation has begun to broaden and he would like to see it continue. ...
Sell Gold Aug @ 74300 SL 74500 TGT 74000-73800. MCX - Kedia Advisory
India’s sugar production is projected to fall to 30 million tonnes in SY2025, down from 32 million tonnes in the previous year, due to increased diversion towards ethanol production. Integrated sugar mills are expected to see a 10% revenue growth, driven by higher sales volumes and firm domestic prices. The sector's outlook remains stable with anticipated improvements in profitability and government support for ethanol blending. Highlights Projected Decline in Sugar ...
India's Sugar Output Set to Dip in SY2025 Amid Rising Ethanol Diversion by Amit Gupta, Kedia Advisory
Gold Gold prices experienced a modest increase of 0.02% to 74,155, buoyed by the possibility of a U.S. interest rate cut as early as September. Fed Governor Christopher Waller highlighted the central bank's progress towards an interest rate cut, citing improved inflation and a more balanced labor market. Richmond Fed President Thomas Barkin echoed this sentiment, expressing optimism about the broadening of inflation easing. Key U.S. economic indicators showed mixed results: Building Pe...
Silver trading range for the day is 90665-93225 - Kedia Advisory
Crudeoil Observations Crudeoil trading range for the day is 6718-7020. Crude oil gains amid a decline in U.S. oil stockpiles and a weaker dollar. Crude oil inventories in the US fell by 4.87 million barrels China's refinery output fell 3.7% in June from a year earlier official data showed China June crude oil imports fall 11% on year, H1 imports down 2.3% BUY CRUDEOIL JUL @ 6850 SL 6750 TGT 6950-7050. MCX Naturalgas Observations Naturalgas tradi...
Buy Crudeoil Jul @ 6850 SL 6750 TGT 6950-7050. MCX - Kedia Advisory
Jeera Observations Jeera trading range for the day is 25650-27390. Jeera dropped as the expectation of higher production weighed on the prices. China's cumin output soared to over 55-60 thousand tons from the previous 28-30 thousand tons. Turkey anticipates producing 12-15 thousand tons, while Afghanistan's output could double. In Unjha, a major spot market, the price ended at 27119.2 Rupees gained by 0.33 percent. BUY JEERA AUG @ 26500 SL 26200 TGT 27000-27300. N...
Buy Dhaniya Aug @ 7150 SL 7050 TGT 7300-7400. NCDEX - Kedia Advisory
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