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Commodity Updates :- Last week gold, silver, crude oil and copper traded on a bearish note and this week this trend will be continue by Gold and short covering is expecting at lower levels. Support: 26450, 25900; Resistance: 27350, 27490 (24 june to 29 june)
Silver Update :- MCX silver for July delivery may trade with a negative bias this week(24 June to 29 June). Buy on dips is advised to the traders. Support: 40100, 39900; Resistance: 44850, 45000.
NCDEX Trend :- Jeera July NCDEX: Jeera traded higher
from a low of 13517.5 and closed the day at
13705. If prices are able to stay above the
technical base of 13600, could see rallies to
continue towards 13800 followed by 14000
levels in the immediate run. The leading
indicator, daily RSI (14) is showing a
potential rally. However, on the lower side,
unexpected fall below 13500 could see corrective waves towards 13250 for the day.
MCX Tips :- Sell crude oil with target of 5545-5515 and stop loss of 5625.
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