Commodity MCX Weekly Tips 10 september to 14 sept

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JEERA WEEKLY OUTLOOK 

Last week Jeera September contract did our target of 13800 below the level of 14200 and even sustained below it. Last week Jeera October contract opened on a negative note and could not sustain at higher levels due to high selling pressure. Despite of a slight short covering later in the week in Jeera, it closed near the weekly low. For this week Jeera October contract has important resistance at 14500 and support at 13500. 

JEERA WEEKLY TIPS 

Jeera October contract is in a short term consolidate trend and one should use the strategy of sell on higher levels. If in this week Jeera October contract sustains above the level of 14500 then we can see the level of 14900. For downside if Jeera October contract breaks the level of 13500 we can expect the level of 13100.

PEPPER TREND :- 

Last week Pepper September contract opened on a negative note but could not sustain at lower levels and we saw good buying coming in Pepper later in the week, but price faced resistance near the important level of 43825 and we saw a slight profit booking coming at the end of  the week. For this week Pepper October contract has important resistance at 43825 and support at 42700. 

PEPPER WEEKLY TIPS :- 

Pepper October contract is in a major bullish trend. For this week in Pepper traders should go for buy on lower levels strategy, if Pepper October contract sustains above 43825, it can touch the level of 44625 and on the downside if it breaks the level of 42700 we can see the level of 41900.

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NCDEX - Weekly Report and Tips 1 to 7 September

NCDEX Jeera Outlook :-

Last week Jeera did our target of 14800 below the level of 15200 and even  sustained below it. Last week Jeera opened with a high selling pressure and price remained bearish for most part of the week. A slight short covering was seen in Jeera later in the week but price was still not able to sustain at higher levels. For this week Jeera has important resistance at 15200 and support at 14200. 

Jeera Trend and Tips for This Week :- 

Jeera is in a short term consolidate trend and one should use the strategy of sell on higher levels. If in this week Jeera sustains above the level of 15200 then we can see the level of 15600. For downside if Jeera breaks the level of 14200 we can expect the level of 13800.

Pepper Trading Strategy :-

Pepper is in a major bullish trend. For this week in Pepper traders should go for buy on lower levels strategy, if Pepper sustains above 42500, it can touch the level of 43300 and on the downside if it breaks the level of 40575 we can see the level of 39700.

Chana Tips :- 

Chana is in a major bullish trend and one can go for buy on lower levels strategy in it. For this week if Chana sustains above the level of 4750 we can see the level of 4830 and on the down side if it sustains below the level of 4560 we can see the level of 4480.

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