Barley on NCDEX (National commodity derivative exchange) April contract is good looking sideways of now. In future next year barley positive term because low production estimated and high export demand due to major growing region.
Barley NCDEX April is contract now trading at Rs 1491 as change at Rs 7.5 as a 2:30. NCDEX Export says Barley April contract intraday best support levels 1475 and resistance levels at 1530.
Barley on NCDEX advice buying the commodity until it is closing above 1520 near term. Technical advised to buy barley above 1510 with stop loss 1485 and targets 1545 for intraday. MCX Gold and Silver are positive mode, and higher growth.
MCX Gold Feb contract now trading prices 30613 Rs with 32 Rs up.
MCX Silver mar now trading prices 59545 with upper Rs 167.
MCX Base metals negative mode and red flag, Copper, Nickel, Zinc and lead decline 0.5 per cent