Crude oil Tips:-Crude oil prices are expected to trade with a sideways bias today, taking mixed cues dollar strength, rise in risk aversion in the markets and supply concerns from Iran. Crude Oil has resistance at 5365/5390 and support at 5290/5270.
Base Metal |Cooper Tips:-We expect base metals to come under pressure today on account of weak sentiments in the markets coupled with a stronger dollar.
Additionally, rising concerns of demand in China, the world's top consumer of the metal, will also act as a negative factor for metals.
MCX Copper has support at 425.0/422.50 resistance at 433.0/435.0.
MCX Lead Mar’12 support 104.30/103.45 resistance at 106.50/107.40.
MCX Nickel Mar’12 support at 970/965 resistance at 992/1000.
Bullion Tips| Gold Silver Free Tips:-Gold and silver are expected to trade lower today on the back of a stronger dollar coupled with choppy sentiments in the global markets.Silver will also take cues from movement in the base metals.
MCX Gold Apr’12 support 27170/27000 resistance at 27600/27750
MCX Silver May'12 support 56700/56400 resistance at 57800/58200
NCDEX AGRI TIPS TODAY:-Pepper NCDEX Apr-12 support at 40108 40560 41001 close at 41480 resistance at 42246 42927 43235.
Turmeric NCDEX Apr-12 support at 4138 4184 4251 close at 4326 resistance at 4402 4470 4515
Jeera NCDEX Apr-12 support at 12724 12819 12985 close at 13170 resistance at 13324 13464 13575
Chilli NCDEX Apr-12 support 5514 5556 5591 close at 5630 resistance at 5702 5766 5791
Cardamom MCX Apr-12 support at 1041 1048 1067 close at 1089 resistance at 1100 1110 1122.
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