NCDEX TIPS ~ Chana,Kapas,Mentha Oil,Pepper,Jeera

KAPAS TREND (April) :- A short covering rally is on progress towards 975 levels. Kapas Trend is up.  MENTHA OIL TREND (June) :- A strong support is visible at 1267 levels, and then a pullback rally is seen at 1400 levels.Trend is up. CHANA TIPS :- Sideways trading anticipated for the day NCDEX PEPPER TREND :- After a major rally witnessed last week, it went lower towards 37950 levels. Later, it recovered from there and is currently hovering at 39750 levels. We expect a pullback rally towards 30500 then 30700 levels. But, it is...

Read More

CRUDE UPDATES : COMMODITY MARKET TREND

Commodity market today i.e. on 24th may 2012 opened negative after a fall of 0.56% on Wednesday. It is currently trading higher by 3.03 points, or 0.08%, at 3,881.63 at 10.01 a.m. after opening at 3,876.11.  Crude Updates says that for the first time since October, crude oil prices fell below the $90/bbl mark, indicating further downside risks as the supply-side scenario eases and as inventories continue to rise. Global economic risks have also widened and sentiments would not support the commodity above $90/bbl as markets prepare for...

Read More

MCX NCDEX TRADING TIPS FOR TODAY 23 May 2012

MCX BULLION METAL UPDATES  On the International market, gold - silver has declined strongly.Gold in the domestic market with strong light on Tuesday to Rs 29 086, while silver dropped half per cent to Rs 54 460. Positionally Support for the Gold is 28697-28517-28463-28444-28291-28212-. Immediate resistance for Gold is 29326.  BASE METAL UPDATES  Base metals will give you good upsides for the day. Best commodity to trade in is zinc. Zinc is good to buy at around Rs 105 per kilogram levels with a stop loss to be placed at Rs...

Read More

MCX COMMODITY TIPS ~ Gold Copper Crude Trend 21 May 2012

MCX GOLD TREND :-  Gold is expected to trade on a weaker note today as concerns with respect to Greece ease, thus having an impact on safe-haven demand which had re-emerged last week. Silver on the other hand is expected to witness upside, on the back of upbeat global market sentiments.  Gold Support and Resistance :- S3- 1565, S2- 1575, S1- 1585, R1- 1600, S2- 1610, S3- 1620 MCX  CRUDE OIL TREND :-  Crude oil prices are expected to trade on a positive note, taking cues from positive global market sentiments....

Read More

NCDEX TIPS ~ Chana, Kapas, Mentha Oil, Soybean, Agri tips

CHANA TREND :- Chana in its hourly chart is trading in triangular formation, if it break 4200 level with volume it can test 4050 in coming session while if it hold 4200 level we can expect chana to bounce back from this level to 4295/4335 level while upside break is above 4350 level. NCDEX JEERA TREND :- Jeera futures prices are projected to recover from earlier losses supported by prevailing firm trend on good demand from local traders and exporters. Arrivals season is also coming to an end therefore; arrivals might also start declining...

Read More

GOLD UPDATES || MCX COMMODITY TIPS

GOLD UPDATES || TREND :- Spot gold rebounded as buyers rushed to snatch bargains after prices plunged to 4½ month low and the Euro staged a rally. Euro inched up yesterday after falling to a four month low earlier as few Greek banks faced some emergency funding needs. MCX GOLD TRADING STRATEGIES :-  Key levels for the day:  Upside: Immediate 1565/1585/1596-1606/1620 then 1655.  Downside immediate: 1515 followed by 1508/1480 long term 1390  Buy above 1552 target 1570 SL 1540.  Buy on dips to 1522 target 1545...

Read More

GOLD UPDATES ~ MCX TIPS FREE

MCX GOLD TREND :- Gold plunged the most in 2-weeks, as the European Central Bank refrained from providing more stimulus measures after a meeting in Barcelona, easing concern that inflation will accelerate. Silver also retreated. Gold and silver are expected to trade lower today taking cues from strength in the US dollar index and mixed market sentiments. Silver will also take cues from movement in base metals. US non-farm employment change is expected to be on a negative note today and if the data come as expected then this will lead to further...

Read More