MCX GOLD NEWS and UPDATES 31 July

MCX Gold news today, gold updates, gold trading tips, MCX commodity trend today, NCDEX trading tips, MCX copper crude nickel tips, aluminium tips, zinc updates

HSBC in its reports stated that if rains do not improve, physical gold demand in India could be hit. The global gold prices advanced below $1,620 an ounce on Monday, taking its cue from a weaker euro ahead of key central bank meetings this week, as investors weighed up the prospect of the European Central Bank taking fresh measures to combat the euro zone debt crisis.

MCX Gold Support and Resistance

R3-29,835, R2- 29,818, R1- 29,802, S1- 29,774, S2- 29,758, S3- 29,741

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FREE NCDEX AGRI COMMODITY TIPS 30 July

NCDEX NEWS AND UPDATES TODAY 30 July -

Arrivals of soya bean crop declined to 25,000 bags at MP market while about 7,500-8,000 bags were reported across mandis of Maharashtra & Rajasthan, as per trade reports. 

Average price of small cardamom declined to 796.4 per kg, while the maximum price offered was down at `1,206.5 per kg, as per spice board.

Arrivals of jeera crop stood steady ~14,000-14,500 bags; however demand declined to about 12,000 bags on trader’s reluctance to buy at current high prices at Unjha auctions. 

NCDEX Chana Tips :- Chana Trend is up, we suggest Chana (Aug) Sell Below 4490 tgt1- 4445, tgt2- 4400, stop loss -4520 

FOR MORE MCX NCDEX TRADING TIPS FILL THE FORM----->> 

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MCX INTRADAY TRADING TIPS 27 July

MCX Crude Oil Outlook - In today’s session, we expect crude oil prices to trade on a  positive note on the back of  upbeat global  market sentiments along with hopeful statement from the ECB President. Additionally, weakness in the DX will also help upside support  in  crude oil prices. However, appreciation in the Indian Rupee will cap sharp gains on the MCX.

MCX Natural Gas Trend - MCX Natural Gas July contract rose around 0.2 percent and closed at Rs.172/mmbtu after touching an intra-day high of Rs.174.9/mmbtu in yesterday’s trading session. However, further upside movement in prices was capped on the back of appreciation in the Indian Rupee.

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NCDEX - Turmeric, Chana, Jeera, Mustarseed, Soyabean Trend

SOYABEAN (AUG)

TREND	Bullish
RESISTANCE 2	4900
RESISTANCE 1	4810
SUPPORT 1	4630
SUPPORT 2	4540
STRATEGY	Buy on lower Levels

CHANA (AUG)

TREND	Bullish
RESISTANCE 2	5000
RESISTANCE 1	4910
SUPPORT 1	4720
SUPPORT 2	4630
STRATEGY	Buy on lower Levels

MUSTARDSEED (AUG)

TREND	Consolidate
RESISTANCE 2	4540
RESISTANCE 1	4460
SUPPORT 1	4290
SUPPORT 2	4210
STRATEGY	Buy on lower Levels

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NCDEX Tips - Chana,Kapas,Sugar,Cotton ,Guar Tips

NCDEX Market showing some strength due to good monsoon rains in some areas, specially in soyabean trading. Our experts predict that if the monsoon rains continue in such matter than we can see good business in soyabean. But on the other hand poor rains in some southern areas raised the price of sugar. According to reports, the price gain was on the back of high demand from the Indian exporters as the availability of sugar from Brazil has dropped drastically due to heavy rains, which has raised the demand for Indian Sweetener in the global market. In domestic NCDEX market sugar for August delivery has surged 10.92% to Rs 3314 per qtl.

Switiching over guar trend then in the absence of futures trading in the spot market, betting is conituing heavily in the guar. NCDEX cotton trend says that  if rainfall deficiency continues, it would affect the cotton production severely and would further fuel the price of the commodity in the domestic market.

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NCDEX - Free Trial Tips On Mobile

Commodity market today opened negative after week closing on Monday. Lets discuss NCDEX Trend for today. Starting from NCDEX soyabean trend, , soybean prices escalated to mark new high taking cues  from International market. Tight supply scenario during the lean period coupled with inadequate rains in the growing region has been the key factors driving prices higher. 

NCDEX TRADING RECOMMENDATIONS TODAY -


NCDEX sugar (August futures): Buy - 3100-3110, Target - 3150, stoploss of Rs - 3070

NCDEX Jeera (August Futures) : Buy -15,250 to 15,300, TGT - 15600, Stop Loss- 15100

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NCDEX ~ Free Agri Commodity Tips

NCDEX Pepper Trend :- Pepper prices are projected to trade on positive note on back of fresh buying at lower levels supported by prevailing fundamentals. Overall trend is firm amid prevailing supply crunch in domestic market and good demand from north India.

NCDEX Jeera Outlook :- Jeera prices are projected to trade positive note on extended fresh buying. Reduced arrivals at spot market as traders and farmers are anticipating further improvement in prices might support jeera prices to trade on higher side.

Cardomm Trend :- Cardamom prices are projected to continue the recovery during today’s trading on cues from emergence of stockiest buying. However, revivals in climatic conditions are also supporting crop growth which might limit huge gains in prices.

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MCX TIPS ~ Aluminium Trend Tips Today

Get Aluminium Tips for today, You can also avail FREE TRIAL of Aluminium Tips on your mobile. Aluminium Tips will be provided with 89.78% accuracy, get free trial of tips and check accuracy.

Overall trend of the Aluminium is bearish for medium-long term .Currently Aluminium is showing some up move after small correction and trend is strong and supported with good volume The open interest is not increasing with trend . Caution note buying at higer levels seems decreasing. The oscillator is on BUY Signal and Aluminium is recovering from oversold level For short term Aluminium is in HOLD LONG position and closed above 1 week high with volume signals up breakout.


Aluminium Support and Resistance Levels :- 
Positionally Support for the Aluminium is 105-.Resistance for the Aluminium is 107-108

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NCDEX TIPS ~ Chana, Mentha Oil, Kapas Trend 3 July

MCX NCDEX Trading tips today includes NCDEX trend and tips of almost all commodities like NCDEX chana tips, NCDEX Mentha oil tips, Jeera trend, Kapas trend, Spices tips, Agri commodities. You can also get free trial of NCDEX tips directly on your mobile, which includes NCDEX levels , range, trend, Live NCDEX prices, NCDEX tips and regular follow ups. if You want Free Trial of NCDEX Tips and MCX Tips fill the details in the form now.

NCDEX CHANA OUTLOOK

Chana may continue firm trend as delayed monsoon kept supporting the market sentiments. Thin supply of chana in the local markets also supported the futures to trade higher.  Chana production is expected to fall by 6.8% to 7.40 mln tonnes as compared to 8.22 mln tonnes last year.Hence, we can say that NCDEX Chana to remain firm on decline in rainfall.

KAPAS TREND TODAY 

As on Monday 2nd July 2012 KAPAS1closed @ 1010.30 and we RECOMMEND Strong Buy for LONG-TERM with STOPLOSS of 808.60 and Strong Buy for SHORT-TERM with STOPLOSS of 865.04. Important levels for today are as follows :-

Resistance 2	1019.48
Resistance 1	1015.7
Pivote	1010.07
Support 1	1004.9
Support 2	1001.12

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MCX Bullion Tips ~ Gold Silver Outlook

MCX GOLD TREND

Gold prices are currently in their corrective phase but holds strong support around 29420‐29440 levels while Long‐term support holds at 28530 (200‐day SMA), which acts as a reversal point/ buying opportunity at every corrections.

For the near‐term, prices are expected to continue their corrective phase only below 29400, down till 29000 & 28650 levels. However, a dip towards 28550‐28600 would be a good buying opportunity.

SILVER MCX TREND

As per the silver weekly chart, prices are currently in their corrective phase. Although the long‐term trend still remains sideways, but prices do hold immediate support at 51,200 levels.

For the near‐term, we maintain our bearish view on silver & advice selling only around 53800 & can add more around 55,000 for Targets of 50,000 and 46,000, with resistance & stop above 55,520

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