MCX NCDEX Kapas Outlook and Reports

Yesterday, Kapas (March) contract closed at 853.39 and Kapas (April) contract closed at 867.68. For Today, traders are advised to buy Kapas (Mar) for long-term with stop loss placed at 760.79 and Sell for short-term with stop loss placed at 857.64. And buy Kapas (Apr) for long-term with strict stop loss placed at 763.01 and can also buy for short-term with stop loss placed at 865.72. Technical Levels: Kapas March, '12- Resistance: 881.94 - 870.18. Support1- 824.84 - 836.60. Kapas April, '12- Resistance2- 899.12 - 886.17. Support1- 836.26 -...

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NCDEX Commodities Trend for This Week (13th- 17th Feb)

Guar seed (March):- Last week Guar seed February contract did our target of 13100 above the level of 12800 and even sustained above it. Last week Guar seed March contract initially opened on a negative note but it remained bullish for the remaining part of the week and even closed at its weekly high. For this week Guar seed has resistance at 13700 and support at 12700. Resistance: 16520 - 14120. Support: 12320 - 9320. Strategy: For this week in Guar seed March contract traders should go for buying at lower levels strategy, if Guar seed sustains...

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MCX Gold and Silver Trend This Week (13th - 17th Feb)

Gold (February): COMEX Gold is in a technically strong on charts. Last week COMEX Gold was neither able to sustain at higher level nor at lower level. In this week 1500$ will act as a major support in COMEX Gold and 1740$ will act as a major resistance. Resistance: 1827 - 1751. Support: 1702 - 1360. Strategy: For this week traders can use buy on lower level strategy if COMEX Gold sustains above 1710 $ an ounce, then above 1728 $ it can test the level of 1745$/1765$/1785$ $ an ounce. And in MCX Gold above 28420 it can test the level of 28550/28690....

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MCX NCDEX Kapas Reports

On Thursday, Kapas (March) contract closed at 904.48 and Kapas (April) Contract closed at 924.08. Recommendation for today, buy Kapas (Mar) contract for long-term with stop loss placed at 830.46 and buy for short-term with stop loss of 846.02. Buy Kapas (April) contract for long-term with stop loss placed at 805.42 and Buy for short-term with stop loss at 852.96.   Technical Levels: Kapas March, '12- Resistance: 931.36 - 920.29. Support1- 888.68 - 877.60. Kapas April, '12- Resistance2- 951.89 - 940.43. Support1- 907.73 - 896....

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MCX NCDEX Tips for Today

Chana NCDEX (Feb): The 3400 caps is expected to call for a negative session, a dip is expected towards 3252/3200. NCDEX Chana has been consolidating since september. Currently Chana is trading near the 40 WEMA which is a crucial support in the medium term. NCDEX Guar seed (Feb): Choppy session is witnessed. For the short-term immediate support is at 11000/10000. NCDEX Guar gum (Feb): Range bound market is likely to be in the range of 41710-37910 levels. Resistance: 41685 - 42245, Support: 38505 - 36605 MCX Mentha oil (Feb): Present technical pattern...

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MCX Commodity Updates

Gold is down in the international market, while silver is gained. On Comex gold has come down to $ 1,749. The silver is on boom, Silver is currently trading with nearly 1/2% rise above $ 33. On Wednesday, Gold in the domestic market closed with a fall of 1/2% at Rs 28,160, while silver closed at Rs 56,736. Crude Oil is down in the International Market, although the price are above $ 98. In the Domestic Market Crude Oil increased slightly and closed above Rs 4,800 on Wednesday. On London Metal Exchange Copper traded flat. In the Domestic Market...

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NCDEX Commodities Technical Levels 7- February

Agri Contract S2 S1 PP R1 R2 Chana 20-Feb'12 3214 3286 3312 3354 3426 20-Mar'12 3172 3216 3234 3256 3300 Soybean 20-Feb'12 2442 2477 2489 2508 2543 20-Mar'12 2475 2516 2531 2553 2594 Turmeric 20-Apr'12 4602 4646 4671 4686 4730 18-May'12 4481 4509 4524 4533 4561 Guarseed 20-Feb'12 11383...

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MCX Commodities Technical Levels 7-Feb

Commodity Contract S2 S1 PP R1 R2 GOLD 4-Feb'12 27604 27826 27928 28038 28260 5-Apr'12 27943 28169 28270 28385 28611 28523 SILVER 5-Mar'12 55088 55952 56245 56806 57670 5-May'12 56495 57337 57626 58169 59011 CRUDE OIL 20-Feb'12 4688 4745 4774 4798 4855 19-May'12 4731 4787 4815 4839 4895 NAT ...

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NCDEX Soyabean, Chana Trend and Technical Reports

Soyabean Last week Soybean did a low of 2420 below the level of 2450 almost doing our target of 2415. Last week Soybean was bearish for most part of the week but it was not able to sustain below the support of 2435 and we saw slight profit booking coming on the last day of the week. For this week Soybean has resistance at 2485 and support at 2420. Resistance: 2617 - 2498. Support: 2419 - 2301. Strategy: For this week in Soybean one should go for sell on higher level strategy. If it sustains below the level of 2420 we can see the level of 2380...

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MCX NCDEX Crude Updates

NYMEX Crude is in consolidation phase. Last week Crude Oil was down for most part of week and sustaining at lower levels. For the coming week 95$ and 92$ will act as major supports and 100$ and 105$ a barrel will be a major resistance in NYMEX Crude. In MCX Crude Oil major resistance is found at 4900 and 5200 and major supports will be 4600 and 4380. Resistance: 109.89 - 100.94 Support: 95.09 - 86.49 Strategy: For this week traders can use sell on higher level strategy, if NYMEX Crude sustains below the level of 96.00 $ a barrel then below the...

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NCDEX Commodities Technical Levels

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MCX Commodities Technical Levels

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NCDEX Commodities Technical Levels 4- February

Agri Contract S2 S1 PP R1 R2 Chana 20-Feb'12 3225 3273 3292 3315 3363 20-Mar'12 3163 3185 3191 3201 3223 Soybean 20-Feb'12 2386 2420 2436 2448 2482 20-Mar'12 2425 2459 2476 2487 2521 ...

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