Commodity market
Today, cumin is strongly accelerated. The futures price has jumped nearly 2 percent. April Jeera futures are trading around Rs 14 940. Declining trend in the spot market. Increasing flow of new markets cumin. February soybean futures down 0.35 per cent to Rs 3460 while doing business.
Copper pressure is showing today. But this week has witnessed a spectacular rally. Copper in the international market especially around 4 per cent this week's show. The biggest weekly gain in the last 18 months. Reducing interest rates in China and the ECB bailout was supported copper. About 0.5 per cent weaker at MCX Copper is trading below the 355 bucks. While aluminum is perfectly flat and looks around Rs 116.
MCX Copper (Feb futures): Sell - 357, stoploss - 362 targets - 346
Aluminium MCX (February futures): Sell - 116.40, stoploss - 117.80 and target - 114.20
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