Friday, 11 January 2013

Live Commodity Market Updates | MCX Tips

mcx commodity tips,free gold silver trend,ncdex commodity tips,commodity market updates

Live Commodity Market Updates :- Currently mcx Commodity market is trading with negative bias at red note.And in today’s session, we expect precious metals to trade lower due to mixed global market sentiments along with strength in the DX. However, expectation of demand from the Asian buyers and stimulus measures by the Bank of Japan is expected to cushion sharp fall in the precious metals. In the domestic markets, depreciation in the rupee is expected to act as supportive factor for the MCX precious metals. 

NCDEX Updates :- Wheat Feb NCDEX: Prices stumbled yesterday from the high of 1496 and closed the day at 1482 levels. As prices stays below 1502, near term trend looks weak and expect to see the lower correction towards 1475 followed by 1442 levels for the day. Alternatively, any direct rise above 1502, could call for a major short covering rally towards 1532 levels. Meanwhile, daily RSI is on oversold situation, which is the only concern for further fall.

MCX Tips :- Goldm buy above 30880 stoploss - 30840 target – 30950. 

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