Wednesday 9 January 2013

NCDEX Commodity Market Updates Today |MCX Tips

mcx bullion tips,ncdex agri market tips and trend,free gold intraday tips,silver tips

Commodity market is trading with negative bias both segment mcx and ncdex is trading at lower level. 

NCDEX Commodity Market Updates Today :- Jeera Mar NCDEX: After a mild short covering rally, prices nosedived from 14780 levels and later closed the day at 14480. As prices broke the major support of 14580, negative mood is prevailing and expect to continue the downside correction towards 14340 followed by 14250/14200 levels. Moreover, the daily RSI is also indicating weakness. On the other side, any direct trades above 14800 could negate our bearish outlook. 

MCX Bullion :- In today’ session, we expect precious metals to trade lower owing mixed global market sentiments and strength in the DX. However, physical buying by the Asian countries might cushion fall in the prices. In the domestic markets, appreciation in the rupee is expected to act as bearish factor for the MCX precious metals. 

MCX Tips :- Silver (Mar) Buy Around 58200 for target of 58400 / 58600 stop loss of 58090. 

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