Wednesday, 29 May 2013

NCDEX Agri Market Trend and Tips |MCX Base Metal Updates

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NCDEX Agri Market Trend :- NCDEX Agri commodity market open at negative bias and still trading at down trend.Jeera June NCDEX: Prices slumped from the day’s high of 13250 and closed the session at 12970. A minor support is visible at 12950, breaks below the same could see downside correction towards 12850/12750 or even lower towards 12500 levels. The oscillators such as daily MACD and RSI are confirming negative bias for the day. However, the intraday sell offs would negate with a successful trades above 13500 levels in the short term. 

MCX Base Metal Updates :- we expect the improving warrants and rising consumer optimism to support gains in base metals in today’s session. Overall, buying base metals at the lower levels is recommended for today’s session while volatility in prices might be witnessed on the back of major events. 

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