MCX LEAD TREND TODAY | MCX NCDEX AGRI TIPS TODAY

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MCX NCDEX TIPS TODAY :-Gold and silver are expected to trade higher today on account of dollar weakness coupled with positive sentiments in the global
markets. Silver will also take cues from movement in base metals
today.
MCX Gold Apr’12 support at 28824/28711 resistance at 28990/29111.
MCX Silver March support at 60175/59232 resistance at 61800/62720.
CRUDE OIL TIPS TODAY :-We expect crude oil prices to trade with a positive bias today on the back of supply worries from Iran, a weaker dollar and upbeat
sentiments in the global markets. However, expected rise in US crude oil inventories may cap sharp gains in oil prices.
MCX Crude Mar’12 support at 5260/5230 resistance at 5340/5380.
MCX Lead Feb’12 support at 108.30/107.70 resistance at 109.30/109.90.
NCDEX AGRI TIPS TODAY:-Pepper NCDEX Mar-12 support at 36643 36894 37556 closing at 38305 resistance at 38684 39037 39474.
Turmeric NCDEX Apr-12 support at 4617 4657 4765 closing at 4886 support at 4946 5002 5073.
Jeera NCDEX Mar-12 support at 13767 13846 14008 closing at 14190 resistance at 14314 14427 14535.
Chilli NCDEX Feb-12 support at 5316 5355 5458 closing at 5574 resistance at 5631 5685 5753.
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