Monday, 26 March 2012

NCDEX JEERA TIPS TODAY


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Today Ncdex and Mcx commodity market open at positive note.On Saturday it closed with rise.
Jeera tips:-We expect continuation of prevailing weakness as long as prices stay
below 12350 levels. Supports: 11850/11500.
Chana Tips Today:- A major trend line support is seen at 3685, any voluminous break below the same can expect a lower correction towards 3647 followed by
3610 levels for the day. Moreover, prices already broke the 22 day EMA support at 3722 signifying an intraday weakness. Conversely; unexpected pullbacks above 3750 may negate the intraday bearish expectations.
Pepper Apr ncdex: The day’s trend probably will be a positive mood, as long
as prices are able to stay above 22 day EMA support of 40500 levels. But the
major upside movement is possible only above 43500 which may test key resistances of 44000 and 44800 levels. Conversely, major weakness may see only
below 40000 levels for the day.
Wheat Mar ncdex:-A major resistance is seen at 1255 levels; break above with volume could see bulls to take over the prices higher towards 1270 followed by
1280 levels.
Bullion tips Today:-Today Indian MCX bullion market is started at dull note.Both silver and gold has weak starting today. MCX gold April support Rs 27800/Rs 27969, resistance Rs 28233/Rs 28392
MCX silver May support Rs 55991/Rs 56629, resistance Rs 57693/Rs 58331

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