MCX NCDEX Kapas Outlook and Reports

Yesterday, Kapas (March) contract closed at 853.39 and Kapas (April) contract closed at 867.68. For Today, traders are advised to buy Kapas (Mar) for long-term with stop loss placed at 760.79 and Sell for short-term with stop loss placed at 857.64. And buy Kapas (Apr) for long-term with strict stop loss placed at 763.01 and can also buy for short-term with stop loss placed at 865.72.

Technical Levels:
Kapas March, '12-
Resistance: 881.94 - 870.18.
Support1- 824.84 - 836.60.

Kapas April, '12-
Resistance2- 899.12 - 886.17.
Support1- 836.26 - 849.21.

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NCDEX Commodities Trend for This Week (13th- 17th Feb)

Guar seed (March):- Last week Guar seed February contract did our target of 13100 above the level of 12800 and even sustained above it. Last week Guar seed March contract initially opened on a negative note but it remained bullish for the remaining part of the week and even closed at its weekly high. For this week Guar seed has resistance at 13700 and support at 12700.
Resistance: 16520 - 14120.
Support: 12320 - 9320.
Strategy: For this week in Guar seed March contract traders should go for buying at lower levels strategy, if Guar seed sustains above the level of 13700 we can see the level of 14000, and below 12700 it can touch the level of 12450.

Soyabean (February):- Last week Soybean did our target of 2525 above the level of 2485 but price was not able to sustain at higher level. Last week in the initial half of the week Soybean was bullish and we saw good buying coming at lower levels but in the later half of the week we saw a slight profit booking coming. For this week Soybean has resistance at 2530 and support at 2465.

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MCX Gold and Silver Trend This Week (13th - 17th Feb)

Gold (February): COMEX Gold is in a technically strong on charts. Last week COMEX Gold was neither able to sustain at higher level nor at lower level. In this week 1500$ will act as a major support in COMEX Gold and 1740$ will act as a major resistance.
Resistance: 1827 - 1751.
Support: 1702 - 1360.
Strategy: For this week traders can use buy on lower level strategy if COMEX Gold sustains above 1710 $ an ounce, then above 1728 $ it can test the level of 1745$/1765$/1785$ $ an ounce. And in MCX Gold above 28420 it can test the level of 28550/28690. Trade by keeping the strict stop losses.

• Major support for COMEX Gold in this week is 1550 $ and 1460$.

• Major resistance for COMEX Gold in this week is 1710$ and 1790$

• Major support in MCX Gold is 26500 and 25000

• Major resistance in MCX Gold is 28700 and 29500

Silver (March): COMEX Silver is technically in upward phase. Last week COMEX Silver was neither sustained at higher level nor at lower level. For this week 2600 $ and 2400$ are the crucial supports and 3500$ and 3700$ are crucial resistance in COMEX Silver. In MCX Silver 58000 and 60500 will act as major resistance and 54000 and 51500 will act as major supports.
Resistance: 3677 - 3442.
Support: 3288 - 3063.
Strategy: Technically COMEX Silver is consolidating on charts. For this week traders can use sell on higher level strategy if Silver sustains below the level of 3350$ an ounce, then below 3290$ COMEX Silver can test the level of 3245/3195/3135$ an ounce. And in MCX Silver sustains below 56800 then it can test the level of 56000/55300/54500, Trade by keeping the proper stop losses.

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