Tuesday 26 June 2012

NCDEX MCX Live Trend and Updates For Today

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Mcx Gold trend today :- MCX august gold may open below Rs. 29950 levels with support around Rs. 29890 andRs. 29800 levels. Yesterday, it closed higher by Rs. 106 (0.35%) at Rs. 30,080 per ten grams. Prices rose to a high of Rs. 30,179 per 10 grams and fell to a low of Rs. 29,720 per 10 grams during the day's trading. 

Mcx Copper Updates :- Copper is likely to trade on sidelines during the morning session on Tuesday, 26th June after obtaining some decent gains yesterday. The concerns on soaring Spain's borrowing yields and Greece official's inability to attend the EU summit on 28th and 29th June might stoke the investor fears that the region's leaders won't do enough to curb the sovereign-debt crisis. Copper is likely to find support at Rs. 414.2 per kg and Rs. 412.2 per kg and resistance at Rs. 420 per kg and Rs. 423 per kg. 

Crude oil outlook Today :- MCX July crude futures may open today's session near Rs. 4530 levels with support around Rs. 4510 and Rs. 4470 levels. Yesterday, it closed lower by Rs. 77 (1.7%) at Rs.4,526/barrel. 

Ncdex jeera trend today :- NCDEX jeera July futures spurted by almost Rs. 300 per quintal in the last trading to settle at Rs. 13780 per quintal. Technically, prices are likely to witness some buying aroundRs. 13650-13700 per quintal with the upside target of around Rs. 14180-14250 per quintal. 

Ncdex pepper trend and levels :- Black Pepper for ready delivery in Kochi, closed Monday's trading session on steady note with MG-1 at Rs. 40,300 and Un-Garbled pepper at Rs. 38,800 per 100 kg. The Pepper futures July delivery on NCDEX ended the last day down by 0.59% or Rs. 245 atRs. 41095, after moving in the range of Rs. 41495-41050 per quintal.Technically, pepper June delivery is likely to find resistance at Rs. 41500, Rs. 41700 and support is at Rs.40910, Rs. 40700 per quintal. 

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