Tuesday 30 October 2012

NCDEX Commodity Trend |Silver MCX Tips Today

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NCDEX Commodity Trend :- Pepper Nov NCDEX: Prices slipped lower yesterday from a high of 44190 and settled at 43815. A 13 day EMA support is visible at 43650 levels, that if held could see a bounce back towards 44000 followed by 44300 levels in the near term. Conversely, if it breaks the support of 43650 then expect a corrective selling lower towards 43300 followed by 43000 levels in the immediate run. Support – 43650 / 43000 Resistance – 44000/44500. 

Silver MCX Trend Today And Tips :- Silver prices are expected to bounce till 60000 - 60100 one can buy around 59350-59250 with a stop loss below 58800. Prices are expected to trade within a broad range from 60100 to 58800. Fresh buying is expected above 60100 on closing basis. Silver support -58350 / 58800 / 59300 Resstance - 59700 / 60100 / 60650. 

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