Friday, 10 May 2013

NCDEX Updates with MCX Decline Trend Today

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NCDEX Updates :- Dhaniya June NCDEX: Prices witnessed a sharp fall from 6623 and later closed the day at 6365. As prices broke the major support of 6440 expect continuation of the fall towards 6290 followed by 6200 levels during the day. Moreover, the momentum oscillators like RSI is trailing lower that may support such selling pressure. However, if prices subjugate above 6600, could prompt the short covering rally to 6800 levels during the day. 

MCX Decline Trend Today :- MCX gold and silver have negative bias trading.Amid a weak trend overseas and profit-booking by speculators, gold prices fell 0.49 per cent in futures trade today as speculators trimmed positions.Our Experts said,besides profit-booking by participants, a weak trend in the overseas markets, mainly put pressure on the gold prices at futures trade here. 

 Mcx Tips :- Sell crude oil @5232 sl 5252 target 5192. sell copper at 406.40 stop loss 408.50 with target of target 405/403.80/402.50. 

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