Tuesday 26 March 2013

Commodity Market Tips |Ncdex Updates Today

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Commodity Market Tips :- commodity have negative outlook today and MCX gold and silver also have bearish and short term sell on early trends. 
Gold on MCX Apr delivery decline 119 Rs and currently trading levels 29469 Rs. Intraday resistance levels 29774.2/29967.9 and support levels 29401.8/29108.6. 
Today crude oil, above 5140 hold long view and expect 5250 and then 5310 as upside target levels. Zinc below 106.4 hold short view and expect 105-104 levels as downside targets. 

NCDEX Updates Today :- Chana Apr NCDEX: Prices opened with a downside gap and finally settled the day at 3322 levels. A trivial technical base is seen at 3315 levels, breaks the same with spate in volume would prolong the current selloffs to 3284 followed by 3245 levels for the day. However, only a trade above 3355 would bring a chance for short covering towards 3390 levels.

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