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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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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Commodity Tips By Experts ~ NCDEX Tips

MCX TRADING TIPS :- 

Atul Shah of Emkay Comtrade investment advice

MCX gold (August futures): Buy - 29 450, stoploss of Rs - 29 250 and the target - 29 700

MCX Crude oil (June futures): Buy - 4725, stoploss of Rs - 4650 and the target - 4850

NCDEX TRADING TIPS :- 

Paradigm commodity investment advice

NCDEX Jeera (July futures): Sell - 13300, stoploss of Rs - 13 444 and the target - 12900 NCDEX Soybean (July futures): Buy - 3335, stoploss of Rs - 3288 and the target - 3400

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NCDEX TIPS ~ Chana, Soybean, Kapas, Mentha Oil Trend

NCDEX Chana Trend :- Chana prices are expected to remain sideways as demand from the local stockiest may support the upside, while fears that government might step up to curb rising prices may restrict sharp gains.

KAPAS TREND :- As on Tuesday 24th April 2012 KAPAS1 closed @ 754.10 and we RECOMMEND Sell for LONG-TERM with STOPLOSS of 780.34 and Strong Sell for SHORT-TERM with STOPLOSS of 805.55 and we also expect commodity to react on Following IMPORTANT LEVELS Today :-

Resistance 2	771.43
Resistance 1	764.29
Pivote	756.4
Support 1	743.91
Support 2	736.77

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MCX NCDEX COMMODITY TIPS,FREE TRIAL TIPS

MCX COPPER UPDATES :- Copper in China declined after consumer prices in the world’s largest base-metals user increased more than forecast last month, boosting speculation that the government may not add further stimulus. The metal for delivery in July fell as much as 0.9 percent to 59,900 yuan ($9,497) a metric ton on the Shanghai Futures Exchange, and traded at 60,190 yuan at 10:37 a.m. in Shanghai. May delivery-copper was little changed at $3.7935 a pound on the Comex. The London Metal Exchange is closed for a holiday today. On the Comex, net-long positions, or wagers on rising prices, held by funds were 18,642 futures and options contracts as of April 3, compared with 14,883 a week earlier, according to the U.S. Commodity Futures Trading Commission.

MCX CRUDE OIL TREND :- Oil fell for the third time in four days on concern fuel demand may falter after U.S. employers added fewer jobs than forecast, signaling economic growth may slow in the world’s biggest consumer of crude. Futures slid as much as 1.2 percent after climbing 1.8 percent on April 5. The U.S. created 120,000 jobs in March, the smallest increase in five months, and a Labor Department report showed April 6. The median estimate in a Bloomberg survey of economists was for an increase of 205,000.

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FREE MCX COMMODITY TIPS

On the MCX, Gold June contract traded slightly higher by 0.1 % and touched an intra-day high of Rs. 28,044/10 gms on Tuesday. We expect gold and silver to trade with a negative bias today taking cues from a stronger dollar index and weak sentiments in the global markets. Silver will also take cues from downside in base metals too. However, depreciation in the Indian Rupee will cushion sharp decline on the domestic bourses.

From the intra-day perspective, we expect crude oil prices to trade with a negative bias today on account of expected rise in US crude oil inventories. Additionally, a stronger dollar index will add further downside pressure on oil prices.

MCX Natural Gas Tips :- Buy around 112 levels with a stop loss placed below 109 levels for targets of 118 levels.

MCX Copper Trading Tips :- Sell around 438 levels with a stop loss placed above 441 levels for targets of 434 levels.

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CRUDE UPDATES : MCX Crude Oil News and Tips

CRUDE OIL TREND :-

Crude oil prices touched an intra-day high of $107.64/bbl and closed at $107.3/bbl  on Wednesday. On the MCX,  Crude Oil April contract  increased by 0.9 percent and closed at Rs.5443/bbl after touching an intra-day high of Rs.5467/bbl yesterday. Crude  prices  are expected to trade within 5460 to 5370. Any  close above 5460 should witness buy interest in the counter.

Crude Oil Support and Resistance :-

Crude Oil (April) : S3 - 5330, S2- 5375, S1- 5420,R1- 5460, R2- 5485, R3- 5520

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NCDEX Agri Commodity Tips,Mentha Oil, kapas, Chana Soyabean Trend 14 march

KAPAS TREND TIPS :- On Tuesday 13th march 2012 kapas1 closed @ 802.10 and we recommend buy for long-term with stoploss of 766.10and strong sell for short-term with stoploss of 878.75.

Kapas Trend for today is given with kapas support and resistance levels :-

Resistance 2	822.96
Resistance 1	814.36
Pivote	803.87
Support 1	789.84
Support 2	781.24

MENTHA OIL SHORT TERM TREND :-

Currently Menthaoil is in HOLD SHORT position. Menthaoil is in sideways so for short term better buy above 2564.8 with stop at 2186.9. The Menthaoil is now trading is approaching oversold level. The oscillator is showing SELL signal.

 

Mentha Oil Support and resistance Levels :- Support for the Mentha oil is 2126-1916-1718-1588-1522 .Resistance for the Menthaoil is 2271

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MCX Commodities Technical Levels

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MCX Commodities Technical Levels 3-Feb

Commodity	Contract	S2	S1	PP	R1	R2
GOLD	4-Feb'12	27776	28023	28135	28270	28517
	5-Apr'12	28153	28377	28470	28601	28825
28523
SILVER	5-Mar'12	55525	56580	56981	57623	58678
	5-May'12	56958	57968	58339	58966	59976
CRUDE OIL	20-Feb'12	4530	4674	4764	4814	4958
	19-May'12	4591	4719	4800	4843	4971
NAT GAS	24-Feb'12	110	119	123	127	136
	27-Mar'12	119	128	132	135	144
COPPER	29-Feb'12	402	409	414	415	423
	30-Apr'12	407	415	419	420	428
NICKEL	29-Feb'12	986	1016	1032	1042	1072
	30-Mar'12	994	1023	1038	1048	1077
LEAD	29-Feb'12	100	105	107	108	113
	30-Mar'12	101	106	108	109	113
ZINC	29-Feb'12	100	102	103	104	106
	30-Mar'12	101	103	104	104	107
ALUMINIUM	29-Feb'12	104	106	109	109	113
	30-Mar'12	105	109	111	111	114

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MCX Bullions Weekly Outlook

Gold:- This week, Gold prices are expected to find support at 28145 - 28100 levels and further below strong support is seen at 27800-27785 levels. Trading consistently below 27775 would give correction initially towards 27600 levels and then finally towards 27245 levels.
Resistance is now observed at 28700-28730 levels and strong resistance is seen at 29035-29100 levels. Trading consistently above 29100 levels would further extend the current rally initially towards 29325 levels, then 29565 and then finally towards the Major resistance at 29735 levels.

Technical levels for this week (30th Jan - 03rd Feb)
Resistance: 28700 - 29045
Support: 27810 - 28135

Silver:- This week, Silver prices are expected to find resistance at 58225 - 58325 levels. Trading consistently above 58335 levels would further extend the current rally initially towards 58785 levels, and then finally towards the major resistance at 59965 levels.
Support is now observed at 56455 - 56400 levels. Trading below 56400 levels would give correction initially towards 55455, and then finally towards the Major support at 53700.
Technical levels for this week (30th Jan - 03rd Feb)
Resistance: 58230 - 59235
Support: 56455 - 55455

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MCX Commodities Technical Levels 28-Jan

Commodity	Contract	S2	S1	PP	R1	R2
GOLD	4-Feb'12	27360	27650	27864	28154	28368
	5-Apr'12	28007	28171	28310	28474	28613
28523
SILVER	5-Mar'12	56208	56671	57031	57494	57854
	5-May'12	57539	57925	58263	58649	58987
CRUDE OIL	20-Feb'12	4891	4916	4957	4982	5023
	19-May'12	4935	4957	4992	5014	5049
NAT GAS	25-Jan'12	126	130	133	137	140
	24-Feb'12	135	138	140	144	146
COPPER	29-Feb'12	418	421	425	427	431
	30-Apr'12	423	425	428	431	434
NICKEL	31-Jan'12	1037	1050	1059	1071	1080
	29-Feb'12	1041	1056	1066	1080	1090
LEAD	31-Jan'12	109	110	111	113	114
	29-Feb'12	110	111	112	113	115
ZINC	31-Jan'12	102	103	105	107	109
	29-Feb'12	104	105	107	108	110
ALUMINIUM	31-Jan'12	107	108	109	110	111
	29-Feb'12	109	110	111	112	113

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NCDEX Chana Updates: Trend and Outlook

A very weak trade in Chana futures was witnessed during the last trading session. Chana opened gap down followed by sharp selling. In the mid session some buying was observed, but it could not hold and ended the trading session on lower circuit. Whereas, spot markets also witnessed highly mixed trade and up move of Rs 127.6 was witnessed in the Bikaner markets, whereas in Delhi market Chana witnessed down move of Rs.147.1.

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