Wednesday, 31 October 2012

MCX Tips Today |Ncdex Updates And Trend

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NCDEX Updates And Trend Today :- Kapas April NCDEX: Prices traded higher from a low of 991 and closed the previous session at 1005 levels. A major trendline support is seen at 990, if prices held the same could see a pullback rally towards 1010 followed by 1025 levels in the immediate run. However, break below 990 could see a profit booking towards 975 levels in the near term. 

NCDEX jeera Trend :- Break below 14300 with sufficient volume could see a lower correction towards 14000 levels. 

MCX Tips Today :- MCX Crude oil November contract is looking slightly positive for the day. Market may find support near 4640 & 4590; intraday resistance can be seen near 4690 & 4740. Day traders are advised to buy intraday on dips. Buy Crude Oil around 4640 with SL 4590, for the target of 4690 & 4740. 

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