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NCDEX Outlook For Today :-
Refined Soy oil Mar NCDEX- If unable to trade above 691 levels, could see downside correction
towards 684/680 levels in the near term.
Jeera Mar NCDEX- If prices stay below 13200, could continue downside correction towards 13000/12750 levels.
Pepper Mar NCDEX : Pepper prices bounced back from a low of 37000 and finally closed the day at 37895. As prices cleared the upper obstacle of 37500, anticipate a major upside moves towards 38100 followed by 38500 levels. But it is necessary to surpass 38500 to trigger the next leg of bullish rally. On the lower side, trend reversal may be seen if prices are unable to hold the technical base of 37000 levels in the near term. In the meantime, daily RSI signals positive sentiments for the day.
MCX Tips - Sell mcx silver ( may ) below 55140 ready to target 54000 52000 sl-55953.
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