Wednesday, 5 June 2013

Mcx Base Metal Up Trend | NCDEX Commodity Updates

mcx ncdex commodity tips for today,intraday commodity tips,gold trading tips,free silver tips and trend 5 June

MCX Base Metal Up Trend :- Having the positive setiments from the last two days , A correction in metal prices might occur today as the weakness in riskier assets might extend to metals. Ahead of the ECB’s rate decision and the US nonfarm payrolls release, we expect base metals to open slightly positive in today’s session. However gains in prices might not sustain due to the weakness from the fundamental end and concerns of a higher dollar. 

Dhaniya July NCDEX - A trend line resistance is seen at 6820, trading below the same would continue selling pressure towards 6700/6570 levels. 

Maize July NCDEX -If prices break the support of 1375, liquidations towards 1350/1320 levels may be seen in the near term. 

Turmeric July NCDEX - 5700 is the key support, which if breaks could call for selloff immediately to 5550 levels. Else expects short covering rallies. 

MCX Tips :- Intraday buy nickel above 863 target 883: 98. 

Expert Advice - Sell chilli below 5710 . 
sell turmeric below 5700 . 
sell chana on pullbacks. 

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