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Gold Silver on Rises :- Gold and silver both trading at higher on Thursday after tumbling 12 per cent over the past 8 sessions, as soft data on US economic growth eased fears of a quick end to the Federal Reserve's monetary stimulus.
Commodity Updates :- Chana July NCDEX: Chana plummeted sharply from 3229 and closed the day session
at 3141. As it broke the support of 3220,
expect to see next leg of lower correction towards 3100 followed by 3050 levels.
Meanwhile, the daily RSI (14) is prompting
for the potential fall. Conversely, on the
higher side, any trades above 3200 could
negate our intraday bearish outlook.
Jeera July NCDEX
:- It has to clear below the support of 13300 for the following selloffs
to continue towards 13200/13100 levels.
MCX Tips :- Sell crude 5835 - 30 sl 5850 target 5815 - 5800 – 5780.
Sell natural gas 227 sl 229 target 226 – 224.50.
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