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 TIPS FREE

MCX GOLD TREND :- Gold plunged the most in 2-weeks, as the European Central Bank refrained from providing more stimulus measures after a meeting in Barcelona, easing concern that inflation will accelerate. Silver also retreated. Gold and silver are expected to trade lower today taking cues from strength in the US dollar index and mixed market sentiments. Silver will also take cues from movement in base metals. US non-farm employment change is expected to be on a negative note today and if the data come as expected then this will lead to further downside in prices. However, a weaker Rupee may cushion sharp decline on the domestic bourses. 

MCX COMMODITY TRADING ADVICES :- 

MCX Crude Oil (May futures): Sell - 5580, stoploss of Rs - 5630 and the target - 5490 

MCX Silver (July futures): Buy - 56 150, stoploss of Rs - 56000 and target - 57 200

MCX Copper (June futures): Sell - 447, stoploss of Rs - 450 Target - 441

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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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COMMODITY TRADING TIPS TODAY || Gold Copper Crude Tips

MCX GOLD SILVER OUTLOOK :- Gold and silver are expected to trade with a negative bias today on account of strength in the US dollar index, as a stronger dollar makes dollar-denominated commodities look expensive for the holders of other currencies. Silver will also take cues from downside in base metals pack.  However, a weaker Rupee may cushion sharp fall on the Indian platform

MCX GOLD SUPPORT & RESISTANCE (June'12) :- Support :- 28650/28500, Resistance :- 28850/28950

MCX SILVER SUPPORT & RESISTANCE( May'12) :- Support :- 56700/56200, Resistance :-57500/58000

BASE METALS UPDATES :-  Base metals are expected to trade lower today on account of weak  GDP data from China  which created demand  concerns  from the world's  largest metal consumer. Additionally, strength in the US dollar index will also act as a negative factor for metal prices. However, depreciation in the India currency may cushion sharp decline on the MCX 

MCX COPPER SUPPORT & RESISTANCE(Apr'12) :- Support :- 418/414 Resistance :- 424/427 

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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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NCDEX Tips ~ Chana,Kapas,Mentha Oil,Soyabean Trend

NCDEX Pepper Trend (Apr) :- The trend for pepper remains bearish due to reports of a recovery in arrivals in Vietnam. A pullback rally  is visible, if prices are able to cut above 38650 (45 day EMA) resistance. Consistent trades above the same may see prices lift higher towards 39400 followed by 40000 levels. On the lower side,  prices may trade sideways to lower for the day.

NCDEX Jeera Tips :- Prices breached the crucial support of 11700 levels yesterday, we expect selling pressure to continue towards 11500/1100 levels in the near term.

KAPAS Trend :- The bearish trend persists and breaking off 790 regions could be chance for further fall towards 775 followed by 760 levels.

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