Monday, 25 February 2013

Commodity Market Trading At Lower Range| MCX Tips

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Commodity Market Trading at Lower Range :- In Commodity market both segment mcx and ncdex trading at lower range with negative bias expect some metals.In NCDEX Chilli Mar NCDEX - If prices are able to hold the support of 6500, bounce back may be seen towards 6750 or else a deep lower correction expected. Maize Mar NCDEX - If prices sustain to trade below 1288, anticipate witnessing lower correction towards 1272 followed by 1250 levels in the near term. MCX Gold futures are trading lower in early trade on Monday. April 2013 gold futures at the MCX were trading down 0.09% at Rs 29,577 per 10 grams at 10.22 am after hitting high of Rs 29,586. It opened at Rs 29,579. 

MCX Tips :- Buy Crude at 5040-5050, Stoploss 5029, Target 5070-5085-5100.

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