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 104 per kilogram on downside and on intraday we expect prices to test levels of around Rs 106.20 per kilogram and above that Rs 107 per kilogram.

MCX COPPER TIPS 

We recommend buying MCX copper June contract around Rs 423.50 per kilogram with a stop loss of Rs 421 for a target of Rs 428 per kilogram.

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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 in coming days which might support the prices in medium term. Arrivals at spot market of Unjha were steady at 25,000 bags against 18,000 bags reported on Wednesday (1 bag- 60Kg.)

PEPPER TREND :- Pepper futures prices are projected to witness volatile movement du to lack of active trade participation. Buyers and sellers both are not interested in delivery through exchange due to newly introduced procedures. Some of the small growers are selling their produce at lower prices in want of money which might also weigh n prices. Indian parity in the international market was at $7,125 Per MT (c&f) Europe and $7,425 Per MT (c&f) USA. Demand in north Indian states is there but prevailing uncertainty about the prices trend is keeping sentiments week.

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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 SL below 1515. 

Buy above 1572 target 1596 SL 1544. 

Buy above 1608 target 1620 SL 1600. 

Buy above 1620 target 1630/1645 SL below 1605. 

Sell on rallies to 1572 target 1545 SL 1596. 

Sell below 1508 target 1480/1458 SL1545. 

Sell on pullbacks to 1606 target 1590 SL 1621.

Sell on pullbacks to 1630 target 1600 SL 1645. 

Broad selling pressure is in order as long as prices stay below 1560 but a corrective turn higher is expected the day.

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FREE MCX NCDEX COMMODITY TRADING TIPS

MCX GOLD SILVER TREND :- Escalating tensions over Euro Zone debt worries with Spain being the matter of concern will lead to rise in risk aversion in global markets. On account of this, we expect US dollar to remain strong and gold and silver to trade lower today.  However, Rupee depreciation may cushion further decline on the MCX

CRUDE UPDATES :-  In today’s session we expect crude oil prices to trade lower on the back of rising US crude oil inventories since past few weeks coupled with strengthen in dollar index.

MCX COPPER TIPS :- Base metals are expected to trade with a slightly bearish note today taking cues from a stronger dollar index coupled with rising worries over Europe’s debt crisis which has weakened the demand outlook for industrial metals. However, a weaker Rupee may cushion sharp decline on the Indian platform.

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MCX COMMODITY UPDATES ~ Zinc,Aluminium,Lead,Nickel Tips

MCX Commodity updates today includes zinc updates, aluminium trend, lead tips, nickel trend and also get technical levels with support and resistance.

ZINC UPDATES>>TREND>>TIPS 

Zinc is in long- medium- short-medium- term bull phase .Currently Zinc is moving sideways The oscillator is showing BUY signal .In last 1 month volatality is very less and fresh Buy can be considered in the Zinc if it close above 103 or buy with strict stop at 101. The oscillator is showing BUY signal For short term Zinc is in HOLD LONG position

Support and Resistance :- Support for the Zinc is 103-102. Immediate resistance for Zinc is 103

ALUMINIUM TIPS>>TREND

Overall trend of the Aluminium is bearish for medium-long term .Currently Aluminium is in strong downtrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The Aluminium is now trading in oversold level. The Aluminium is now trading in oversold level. The oscillator is showing SELL signal For short term Aluminium is in SELL position and closed below 1 month low with volume signals down breakout. 

Aluminium Support and Resistance :- Immediate support for Aluminium is 106.Resistance for the Aluminium is 107-108-109-110

LEAD TREND TIPS :- Support for the Lead is 104-.Resistance for the Lead is 106

NICKEL TRADING TIPS :- Support for the Nickel is 923-921-.Resistance for the Nickel is 944-964-988-989

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Commodity Updates : MCX Tips Free

Aluminium Intraday Trend and Tips :- The Aluminium is in long- term bull phase .Currently Aluminium is moving sideways .In last 1 month volatility is very less and fresh Buy can be considered in the Aluminium if it close above113 or buy with strict stop at 109. The oscillator is showing SELL signal For short term Aluminium is in HOLD LONG position.

Natural Gas Intraday Trend :- Overall trend of the Natural gas is bearish for medium-long term .Currently Natural gas 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 higher levels seems decreasing. The oscillator is showing BUY signal For short term Natural gas is in HOLD LONG position

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Crude Updates~ Intraday Crude Oil Tips

Crude Oil traded near the highest price in a week in New York as investors bet that a U.S. economic recovery and Saudi Arabian crude output near the strongest level since at least 1980 signal fuel demand is increasing. Crude prices should hold to the important support at 5420 - 5410, we recommend to enter long around that levels with a stop loss below 5370. Oscillators indicating a sideways move.

Crude Oil Support and Resistance :-

Crude Oil (Apr) :- S3- 5370, S2- 5410, S1- 5440, R1- 5480, R2- 5530,  R3- 5570

Intraday Crude Oil Tips Today :-

MCX Crude oil (April futures): Buy - 5430-5440, stoploss of Rs - 5400 and the target - 5490-5560

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NCDEX ~ Mentha Oil,Kapas,Jeera,Chana,Soyabean,Guargum Trend

Mentha Oil Trend (Mar) :- Any trade above 2320 will cause an upside trend towards 2410 

followed by 2450 levels

Kapas Trend || Tips (April) :- If prices are able to stay above 850 a mild positive bias will enter in the counter. But a major bullish view will be perceived only above 880 region. 

Jeera Trend (Apr) :- A near term weakness will prevail, if prices break below 13000 levels in the near term.

Chana Trend (Apr) :- Positive bias prevails as long as prices stay above 3820.

NCDEX Trading Tips For today :-

1. Sell chana on pullbacks

2. Buy rmseed on dips

3. Buy wheat on dips

4. Buy maize on dips

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MCX Commodities Technical Levels 4-Feb

Commodity	Contract	S2	S1	PP	R1	R2
GOLD	4-Feb'12	26606	27394	27813	28172	28960
	5-Apr'12	27117	27749	28150	28371	29003
28523
SILVER	5-Mar'12	55704	55424	56398	57134	58854
	5-May'12	55335	56923	57810	58501	60089
CRUDE OIL	20-Feb'12	4659	4713	4740	4763	4817
	19-May'12	4702	4756	4782	4806	4860
NAT GAS	24-Feb'12	115	121	124	124	130
	27-Mar'12	125	130	133	134	139
COPPER	29-Feb'12	404	414	418	422	433
	30-Apr'12	409	419	422	427	437
NICKEL	29-Feb'12	1003	1028	1036	1048	1074
	30-Mar'12	1009	1035	1043	1054	1080
LEAD	29-Feb'12	104	107	108	108	112
	30-Mar'12	105	108	109	109	112
ZINC	29-Feb'12	102	104	105	104	106
	30-Mar'12	103	105	106	106	107
ALUMINIUM	29-Feb'12	107	109	108	110	112
	30-Mar'12	106	109	110	110	113

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MCX Commodities Technical Levels 31-Jan

Commodity	Contract	S2	S1	PP	R1	R2
GOLD	4-Feb'12	27750	27909	28000	28159	28249
	5-Apr'12	28143	28303	28395	28555	28647
28523
SILVER	5-Mar'12	56121	56542	56841	57262	57567
	5-May'12	56645	57437	57895	58677	59145
CRUDE OIL	20-Feb'12	4887	4913	4939	4965	4991
	19-May'12	4897	4938	4970	5011	5043
NAT GAS	25-Jan'12	132	135	138	140	143
	24-Feb'12	137	141	144	147	150
COPPER	29-Feb'12	414	417	421	424	427
	30-Apr'12	420	422	425	427	430
NICKEL	31-Jan'12	1043	1048	1056	1062	1069
	29-Feb'12	1052	1057	1064	1069	1076
LEAD	31-Jan'12	108	109	110	111	112
	29-Feb'12	109	110	111	112	113
ZINC	31-Jan'12	101	102	103	104	105
	29-Feb'12	102	103	104	105	106
ALUMINIUM	31-Jan'12	107	109	109	111	112
	29-Feb'12	109	110	111	112	113

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