MCX BULLION TIPS ~ GOLD SILVER UPDATES

MCX GOLD TREND

On the domestic front, prices increased by 0.7 percent on account of depreciation in the Indian Rupee and closed at Rs.29,765/10 gm after touching an intra-day high of Rs.29,784/10 gm on Monday.

MCX Gold Support and Resistance :- Support :- 29600/29450, Resistance :- 29850/29950

SILVER OUTLOOK

On the MCX, July Silver contract rose by 0.7 percent on the back of depreciation in the Indian Rupee and closed at Rs.54,694/kg after touching an intra-day high of Rs.54,940/kg in yesterday’s trading session.

MCX Silver Support and Resistance :- Support :- 54300/53900, Resistance :- 54900/55200

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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	11885	12217	12379	12881
	20-Mar'12	11518	11977	12281	12428	12887
Jeera	20-Feb'12	13590	13980	14190	14362	14752
	20-Mar'12	13910	14258	14454	14595	14940
Pepper	20-Feb'12	28908	29613	30010	30308	31013
	20-Mar'12	29318	29883	30225	30438	31003
Mentha Oil	29-Feb'12	1456	1507	1537	1554	1606
	31-Mar'12	1471	1518	1545	1561	1608
MCX/NCDEX	31-Mar'12	818.65	832.13	858.54	870.61	884.09
Kapas	30-Apr'12	837.18	848.22	869.6	879.72	890.76

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NCDEX Commodity Technical Levels

Agri	Resistance2	Resistance1	Pivot Point	Support1	Support2
Chilli (Feb)	5886	5843	5830	5811	5770
Jeera (Feb)	15145	14900	14801	14696	14,4603
Pepper (Feb)	30728	29935	29600	29260	28,4746
Turmeric (Apr)	4680	4641	4628	4610	4,5731
Cardamom (Feb)	681.3	667.7	661.8	656	642.43
Soya bean (Feb)	2468	2452	2445	2438	2,4242
Soya oil (Feb)	691.2	685	682.4	679.8	673.76
Guar seed (Feb)	12720	12335	12170	12005	11,6210
Guar gum (Feb)	42363	41110	40575	40040	38787
Mentha Oil (Jan)	1641	1609.1	1595.5	1581.9	1550
Chana (Feb)	3263	3211	3189	3167	3115
Kapsa (Mar)	921.93	912.76	896.55	896.55	877.43

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NCDEX Commodities Technical Levels and Trading Strategies

                          R1           R2           R3         PP           S1           S2           S3
Chilli (Feb)       5929       5887      5848      5813        5778       5739        5697

Jeera (Feb)      15219     15077    14944    14827      14710     14578      14435

Pepper (Feb)   32407     31973    31568     31210     30852     30448       30013

Turmeric (Apr) 4629       4612     4597       4583        4569       4554         4537

Cardamom (Feb) 685.9   680.7    675.7       671.4      667.1       662.2       656.9

Soya bean (Feb) 2,503   2,496    2,490      2,484       2,478       2,472       2,465

Soya oil (Feb) 696.12     694.02  692.12    690.32     688.52     686.62     684.52

Guar seed (Feb)12474   12245    12032     11843      11654     11441      11212

Guar gum (Feb) 41235   40581   39972      39432      38892     38284      37629

Mentha Oil (Jan)1596   1582.3   1569.7    1558.5     1547.3    1534.7     1521.1

Chana (Feb)     3156      3133      3111       3091       3071        3050        3026

Kapsa (Mar) Resistance: 889.5 – 877.47, Pivot Point 864.6, Support: 843.13 – 831.1

R*- Resistance,   S*- Support,  PP*- Pivot Point

                     Strategy    Levels             T1         T2       Stop-Loss        Trend

Pepper (Feb) Sell         Below 31160    30810   30410    31290               Down

Jeera (Feb)    Sell         Below 14755    14605   14405    14875               Down

Turmeric (Apr)Sell       Below 4563      4513      4463     4593                 Sideways

Chana (Feb)   Buy        Around 3052    3122     3202      3021                 Sideways

Cardamom (Feb)Buy    Above 678        691       706        669                   Up

Soya bean (Feb) Sell   Below 2482      2457     2432      2500                  Up

Soya oil (Feb) Sell       Below 689        685       681        692                    Up

Mentha oil (Feb)Buy    Above 1561      1576     1591     1550                  Up

Buy Kapas (Mar) for long-term with stop loss placed at 769.78.

Buy Kapas (Mar) for short-term with stop loss placed at 814.73.

T*- Target

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NCDEX Commodities Technical Levels 28-Jan

Agri	Contract	S2	S1	PP	R1	R2
Chana	20-Feb'12	3095	3126	3151	3182	3207
	20-Mar'12	3122	3152	3175	3205	3228
Soybean	20-Feb'12	2468	2484	2515	2531	2562
	20-Mar'12	2499	2517	2553	2571	2606
Turmeric	20-Apr'12	4463	4530	4594	4660	4724
	18-May'12	4405	4429	4453	4477	4501
Guarseed	20-Feb'12	11210	11350	11630	11770	12050
	20-Mar'12	11264	11411	11703	11850	12142
Jeera	20-Feb'12	14809	15000	15382	15573	15955
	20-Mar'12	15124	15313	15689	15878	16254
Pepper	20-Feb'12	31700	32165	32425	32890	33150
	20-Mar'12	32152	32348	32487	32683	32822
Mentha Oil	31-Jan'12	1473	1504	1523	1554	1573
	29-Feb'12	1504	1538	1558	1593	1613

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NCDEX Commodities Technical Levels 25-Jan

Agri	Contract	S2	S1	PP	R1	R2
Chana	20-Feb'12	3140	3161	3198	3219	3256
	20-Mar'12	3150	3173	3211	3234	3272
Soybean	20-Feb'12	2495	2514	2543	2562	2591
	20-Mar'12	2532	2551	2580	2599	2629
Turmeric	20-Apr'12	4493	4543	4601	4651	4709
	18-May'12	4406	4436	4478	4508	4550
Guarseed	20-Feb'12	11220	11524	12110	12414	13000
	20-Mar'12	11331	11620	12200	12489	13069
Jeera	20-Feb'12	15578	15754	16056	16232	16534
	20-Mar'12	15893	16069	16371	16547	16849
Pepper	20-Feb'12	31478	31957	32333	32812	33188
	20-Mar'12	31713	32117	32483	32887	32253
Mentha Oil	31-Jan'12	1424	1443	1474	1493	1524
	29-Feb'12	1453	1472	1499	1518	1546

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