(RBI) reviewed its monetary policy stance || Daily News Updates by Moneymaker Research

For the second time in a row, the markets have lost ground after the Reserve Bank of India (RBI) reviewed its monetary policy stance. The benchmark indices - the S&P BSE Sensex and the CNX Nifty - lost 0.7% each at 1250PM at 28,324 and 8,603 levels.

Nifty April 2015 futures closed at 8711.30 on Tuesday at a premium of 51.00 points over spot closing of 8660.30, while Nifty May 2015 futures ended at 8761.05 at a premium of 100.75 points over spot closing. Nifty April futures saw a contraction of 0.04 million (mn) units, taking the total outstanding open interest (OI) to 18.55 million (mn) units.

Highest open interest has been seen in 8800 and 8700 strike price for call option and in 8500 and 8600 strike price for put option.  

Agri NCDEX Commodity Trading Updates By Moneymaker Research

Turmeric futures are expected to trade on a positive note on the back of buying from the lower levels. Fresh export demand might support the futures prices to move higher. As per market sources, traders are receiving good orders from upcountry buyers.

Mentha Oil:  There is no major domestic demand and export cues are being notice. The demand from Asian countries is too weak, which is largely supported the decline in export demand. Alongside this, the change in arrivals pattern is further weighing on market sentiments. Based on the market sentiments, we came to know that 60-65% of sowing has been completed as far. The percentage is likely to increase in the coming days.

MCX Bullion, Metals, Energy Trading Levels < Money Maker Research

PRECIOUS METALS:

MCX Gold closed in on Rs 26000 per 10 grams mark yesterday as

investors eyed rather dovish cues from the latest FOMC meeting. The

COMEX Gold futures jumped along with equities last night. The FOMC

statement removed the word “patient” regarding when to decide to

raise interest rates. Gold price is in resistance; expectation price may go

down, Our recommendation sell on high.

ENERGY:

From last two days crude price is consolidating near to its support level

trend is still bearish and there is no any fresh news in crude oil which

will support bullishness. Price is taking support from its lower level,

expectation Crude oil prices may give some correction from here. Our

recommendation sells on high.

BASE METALS:

Copper futures rallied sharply yesterday, after the Federal Reserve

projected a slower pace of rate hikes. Through Technically copper price

near to its resistance level and expectation price may consolidating.

Upper side price may go up to 375 to 378.Our recommendation sell on

high.