Tuesday 12 March 2013

MCX Copper Trend |NCDEX Tips And updates

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MCX Copper Trend Today :- Currently Copper is trading at lower note with positive bias.MCX Copper April expiry settled at Rs 425.6 per kg, up 0.08%. The prices tested a low of Rs 421.6 and a high of Rs 426.6 per kg. The prices could have crashed below Rs 420 per kg had Indian Rupee was more stable against the Dollar. 

NCDEX Updates :- Pepper Apr NCDEX: Pepper prices bounced back from the support of 34200 and finally closed at 34785. As the upside moves obstructed descending trend line resistance of 35000, expect to see selling pressure towards 34500 followed by 34000 levels in the near term. However, on the higher side, if prices manage to close above 35250, expect upside journey towards 36000. In the meantime, daily RSI indicates a positive outlook for the prices. 

NCDEX Tips Today :-Buy MAIZE ON DIPS . 
Sell SUGAR M 200 ON PULLBACKS . 
Sell SOYBEAN ON PULLBACKS.


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