Guar seed and Gum prices gain on imposed tax by Rajasthan Govt. @ NCDEX Agri Updates Moneymaker Research

Guar Seed and Gum April contract started on negative note followed by both traded mixed to positive bias and ended by posting a gain of 0.49% and 0.00% respectively On expectations of impose tax on guar complex by Rajasthan government.

Decreased in arrivals in key regions of Rajasthan supported the futures market positively. For upcoming trading session guar complex is likely to trade on range bound trend with positive bias as Rajasthan Government has decided to impose tax on guar gum which may show major impact on futures market.

@ Long Term investors can Buy Guar Seed around 2900 to 3000 targets 3300, 3500. you can hold it 2 month. 

MCX Copper Base Metals Trading Levels and Updates By Moneymaker

MCX Copper surpassed the levels of Rs 340 that was acting as psychological resistance. The prices are now under a free run toward s Rs 345 if profit booking doesn't chip in. The Metal closed at Rs 340.40 per kg on 7 March 2016 against Rs 339.20 per kg on 4 March 2016. With the breach of double top the prices are looking to move towards Rs 350 per kg in the medium term.

The prices tested levels of Rs 341.90 per kg as highs and Rs 338 per kg as a low. Volumes gained during the session. The holiday thinned session saw Copper declining to 26586 lots on 7 March 2016 against 67624 lots on 4 March 2016. Open interest declined to 13972 on 7 March 2016 against 13878 on 4 March 2016.

Thanks With 

Moneymaker Research

Asian Market Updates, Indian Market off on MahaShivRatri

On the first trading session of this week, due to the occasion of Maha Shivratri, Indian Stock Market, Currency Market and Commodity market will be closed for today and the trading will be continued on Tuesday. In Asian Market, Monday morning gave an average opening. The Japan’s benchmark index Nikkei has been dropped by 0.61% and went down to 16911 and the Hong Cong's Index is moving with the minor loss of 17 points. However, the China’s Index Shanghai is moving up with the hike of 0.20%.