Commodity Picks: 1 October, 2018

Commodity Picks: 1 October, 2018

Cotton prices, according to CAI, are at Rs 22,300 per bale for the benchmark variety of S6 in Gujarat


 Chana

Chana prices are expected to trade with a positive bias. Low stocks in free markets coupled with upcoming festive demand to keep the undertone firm in near term. Prices at the benchmark Bikaner markets are trading at Rs 4,050 a quintal, during the coming days prices are expected to head towards Rs 4,100-4,125 per quintal.


 Cotton

Cotton prices, according to CAI, are at Rs 22,300 per bale for the benchmark variety of S6 in Gujarat. The new crop harvest has begun in Punjab and Haryana. The arrivals will gather pace and bring the prices lower. But the chances of a sharp downside remain limited due to dryness concerns in Gujarat. In the near term the prices could continue to slide lower to Rs 21,300 per bale. If the global prices remain at the current level this correction could result in Indian cotton achieving export competitiveness.


Reference by : business-standard

Trade With Transparency and Trust we provide best accurate financial services like Intraday cash tips, share market calls, equity tips & Commodity tips. This is SEBI Registered Investment advisor & best advisory in India.

 

Wealth Buildup Financial Services
Call Now : 8224009597

BSE joins hands with Brink’s India to support bullion and commodities trade

BSE joins hands with Brink’s India to support bullion and commodities trade

The trade will launch trading the commodity derivatives fragment from October 1 and to begin with it will center around non-agribusiness products like metals, vitality and base metals

Driving stock trade BSE on Thursday said it has held hands with Brink’s India Pvt Ltd for supporting its much-anticipated dispatch of bullion – gold and silver – Commodity trading.

Under the understanding, Brink’s would give vaulting and coordinations administrations to BSE with the end goal of capacity of gold and silver items at different places in India, the trade said in an announcement.

This plan with Brink’s is a piece of the trade’s planning to dispatch ware subsidiaries exchanges.

“The coordination of Brink’s with our present tasks will grow our administration go after encouraging conveyance in gold and silver contracts,” said Sameer Patil, head of business advancement at BSE.

The trade will dispatch exchanging the ware subsidiaries section from October 1 and to begin with it will center around non-agribusiness wares like metals, vitality and base metals.

Wealth buildup financial services