FREE NCDEX TIPS ~ Guargum,Chana,Soyabean,Kapas,Mentha Oil Tips

NCDEX Chana trend (Apr) :- Inability to sustain above 3647 may see a lower correction towards 3540 followed by 3510 levels.

NCDEX Kapas Trend (Apr) :- We expect prices to trade in the range of 850-820 levels.

Soyabean Tips :- The upward journey was resumed yesterday after the last two day’s consolidation and therefore we are expecting the rally to continue towards 3100 levels for the day. Conversely, on the lower side, the trend reversal is only visible below 2980 levels for the day

Mentha Oil Tips (Apr) :- If prices can hold the support of 2200, positive momentum is for seeing towards 2290 followed by 2325 levels. 

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Crude Oil Trend for This Week (09-13th Jan)

NYMEX Crude is in consolidation phase. Last week Crude Oil was up for most part of week but was not able to sustain neither at higher level nor at lower level. For this week 85$ and 80$ will act as major supports and 105$ and 110$ a barrel will be a major resistance in NYMEX Crude. In MCX Crude Oil major resistance is found at 5400 and 5600 and major supports will be 4900 and 4600.

Resistance3- 109.83
Resistance2- 105.74
Resistance1- 103.65
Pivot Point- 101.65
Support1- 99.56
Support2- 97.56
Support3- 93.47

STRATEGY
For this week traders can use buy on lower level strategy, if NYMEX Crude sustains above the level of 102.50 $ a barrel then above the level of 103.40$ a barrel it can test the level of 104.45$/105.50$ a barrel and in MCX if Crude sustains above 5370 then above 5430 it can test the level of 5480/5530 in this week. Trade by keeping the proper stop loss.

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