Friday, 3 May 2013

Gold Has Up Trend | NCDEX Trend Today

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Gold has up trend today as it rose more than half a per cent on Friday, heading for a second straight weekly gain after the European Central Bank cut interest rates to an all-time low and the US Federal Reserve maintained its bond-buying stimulus programmer. 

MCX Tips :- Buy nickel 804 – 800 stop loss 795 target 815 - 825 – 840. 

NCDEX Trend Today :- Kapas Apr NCDEX - As long as prices trade below 1040, selling pressure might be seen towards 1023/1010 levels. Soybean May NCDEX - It is required to clear the rising trend line support of 3840 for a deep correction to 3810/3780 levels for the day. Gur July NCDEX - As prices breached the support of 1300, short covering rally is exhausted and would see lower correction towards 1280 levels. 

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