MCX - Mentha Oil Trading Outlook and Tips 3 August

MCX NCDEX trading tips today 3 august will discuss a special trading outlook on mentha oil. Mentha oil trend, mentha oil view, trading strategies -

Strategy: Mentha oil August MCX

1. Buy 1 lot of MCX Mentha oil August Futures around 1383

2. In the event of adverse movement, exit below 1320 (loss of Rs.22,680)

3. First Target of 1460 and above that 1486 (profit of Rs.27,720- Rs.37,080)

4. Time frame: 1 month

5. Risk Reward Ratio: ~ 1: 1.6(22,680 / Rs.37,080) 

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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 NCDEX TRADING TIPS>>FREE TRIAL

MCX Cardamom (June) :- If prices break below 1300, then downside pressure to continue towards 1275 levels. 

NCDEX Jeera Trend :- If prices are able to sustain above 13050 then next level to watch is 13200 levels.Trend is up. 

NCDEX Chana Tips :- We expect to see price correction towards 4100 levels.Trend is up. 

NCDEX Kapas Trend (April):- Prices have to break below 746 for selling pressure to continue towards 733 then 719 levels. 

NCDEX TRADING TIPS :- 

SELL MAIZE ON PULLBACKS 

SELL COCUD BELOW 1116 

SELL CPO ON PULLBACK

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MCX COMMODITY GOLD UPDATES

MCX GOLD INTRADAY TIPS TREND

MCX commodity updates today includes Gold updates and NCDEX commodity updates will cover mentha oil latest news and updates. MCX Gold is in long- short-medium- short- term bull phase .Currently Gold is moving sideways. The oscillator is showing SELL signal .In last 1 month volatility is very less Buy the Gold above 28539 or buy with strict stop at 27356. The oscillator is showing SELL signal For short term Gold is in HOLD SHORT position.

Gold Support and Resistance :- Support for the Gold is 27934-27868-27857-27821. Resistance for the Gold is 28202-28223.

NCDEX Commodity Updates (Mentha Oil Trend)

Mentha oil futures extended uptrend this week on active buying by the traders on the back of firm spot demand from the pharmaceutical industries and on weak arrivals from the fresh crop. Improved buying by the market participants anticipating lower stocks till fresh arrivals is likely to support Mentha prices in the coming week. Sharp upside in the prices may however be capped on account of better mentha sowing prospects.

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MCX NCDEX Tips for Today

Chana NCDEX (Feb): The 3400 caps is expected to call for a negative session, a dip is expected towards 3252/3200. NCDEX Chana has been consolidating since september. Currently Chana is trading near the 40 WEMA which is a crucial support in the medium term.
NCDEX Guar seed (Feb): Choppy session is witnessed. For the short-term immediate support is at 11000/10000.
NCDEX Guar gum (Feb): Range bound market is likely to be in the range of 41710-37910 levels. Resistance: 41685 - 42245, Support: 38505 - 36605
MCX Mentha oil (Feb): Present technical pattern looks healthier and is expected to rise towards 1611/1651. On the downside reversal point is at 1500.

NCDEX Kapas (Apr): The Prices cleared the strong upside obstacle of 913 and triggered rallies. Now the pattern looks so bullish towards 959/986. On Wednesday, Kapas march contract closed at 912.88 and Kapas april contract was closed at 931.58. Traders are advised to buy Kapas (31 Mar) contract for long-term with a strict stop loss of 763.66 and can also buy for short-term with atop loss placed at 842.53. Buy Kapas (30 Apr) contract for long-term with a stop loss placed at 759.96 and can also buy for short-term with a stop loss placed at 849.20.
Technical Levels for Today
Kapas 31-Mar,'12:
Resistance- 952.93 - 936.42
Support: 889.34 - 872.83

Kapas 30-Apr,'12:
Resistance- 970.88 - 954.69
Support: 908.47 - 892.28

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