Wednesday 20 March 2013

MCX Commodity market Tips And Trend |NCDEX Pepper Updates

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MCX Commodity market Tips And Trend :- In Commodity market mcx segment is trading with negative bias and both bullion metal,gold and silver has consolidate trend and expert recommend you to sell silver on high.Silver has resistance level at 55870 if this will break then next resistance will be at 57750.Gold has support level at 53350 if this will break then next support will be at 52200. 

Pepper Apr NCDEX :- Prices continued the selling pressure and later closed the day at 35320. Though, sentiments are still looking weak, existing sell-offs might be seen towards 35000 levels followed by turn higher towards 35500/35700 levels. On the lower side, if unable to hold the support of 35000 would see prolongation of the current sell-offs towards 34800/34500 levels. Meanwhile, the daily MACD histogram shows a neutral view for the prices.

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