Thursday, 21 February 2013

Commodity Market At Red Trend Today | MCX NCDEX Tips

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Commodity Market At Red Trend Today :- Commodity market have red trend today,all commodity segment is trading lower,Gold futures crashed down hard extending its losses in the Asia electronic session today following a bearish FOMC meeting minutes report.MCX April delivery gold futures may open today’s session near Rs 29500 levels with support around RS 29400 and RS 29250 levels. Base metal (mcx copper) is expected to move sharply down and can even start below Rs 430 per kg as the technical indicators suggest. The prices closed at Rs 432.2 per kg, down Rs 5. The supports for the contract are at Rs 429 and Rs 425. Copper can breach first level of support of Rs 429 in the morning session. 

MCX NCDEX Tips :- Sell Natural Gas MARCH 181.50 Stop loss 183 Target 180 – 179. Sell MCX zinc between 114...114.50 stop loss above 115.35 target 113.10 -112.60- 111.90.

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