Friday, 16 March 2012

NCDEX AGRI UPDATES- Chana Tips,MCX Bullion Trend,Gold Free Tips

NCDEX AGRI TREND TODAY:-Guar Complex is expected to trade higher for the day. Outlook for Chana is up for the day.Outlook for Jeera is down for the day. Pepper futures to trade up for the day.Outlook for Soybean is up for the day. CPO is expected to trade up for the day.
Chana (Mar) resistance level at 3,690 3,675 3,661 pivot level at 3,649 support at 3,637 3,623 3,608 .
Guar seed (Mar) resistance at 24,571 24,505 24,444 pivot level at 24,390 support at 24,336 24,275 24,209.
Cardamom (Mar) resistance at 1,179.0 1,162.3 1,146.7 pivot at 1,132.9 support at 1,119.1 1,103.6 1,086.8 .
Jeera (Mar) resistance at 13,102 13,033 12,968 pivot level at 12,910 support at 12,852 12,788 12,718.
MCX BULLION TIPS TODAY-Gold prices are witnessed a bounce back and closed on higher end, but unless 27800 is not taken out successfully one should remain caution. 27550 – 27500 seems to hold out as a support for the precious metal.Silver prices are holding the important support at 57000 on closing
basis, prices are expected to test 58300 -58600 on higher end. we recommend to exit long position below the close of 57000.
Gold April support at 27450 27540 27650 resistance at 27720 27800 27930
Silver May support at 56300 56800 57500 resistance at 58150 58650 59200
Lead Tips today:-Lead prices can test 107.20 on higher end. One can short around that with a stop loss above 108.10.
Crude Oil Trend:-Crude prices have broken the support of 5280 but managed to close above that, one can sell on rise around 5325 with a strict stop loss above 5365 and one can expect it test the support at 5220 –5200.oscillators indicating a flat to negative move ahead.

Ncdex Chana Tips,Lead Tips today,Mcx Bullion trend,Ncdex agri tips today, Cardamom trend and more commodity tips >>

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