width="700" />
Intraday MCX NCDEX commodity market open at positive note after the some fall on Saturday.
Crude Oil Tips Today:- Crude Oil is up as the week closes, trading at 107.39, Crude oil rallied on positive payroll numbers from the US and the ending of the Greece crisis, with the bond swap complete and final approval from the EU, now other matters can take center stage. There is no reason for oil to remain at this level, and all indications are that it will begin to fall.
Crude oil prices are expected to trade with a negative bias today taking cues dollar strength, rise in risk aversion in the markets and weak economic data from China.
MCX BULLION UPDATES FOR TODAY:-Gold and silver are expected to trade lower today on account of dollar strength, as a stronger dollar makes dollar-denominated commodities look expensive for the holders of other currencies. Silver will also take cues from movement in base metals.
MCX Gold Apr’12 support at 27856/27615 resistance at 28253/28466
MCX Silver May'12 support at 58647/57800 resistance at 60065/60912
BASE METAL TREND TODAY:-base metals to come under pressure today on account of weak sentiments in the markets due to rising concerns over
global economic growth coupled with a stronger dollar.
LEAD TIPS TODAY:-MCX Lead Mar’12 support 105.10/104.15 resistance 107.25/108.45
NCDEX AGRI TIPS TODAY:-
Pepper NCDEX Mar-12 support at 39228 39747 40270 closing at 40840 resistance at 41718 42499 42863
Turmeric NCDEX Apr-12 support at 4316 4370 4416 closing at 4466 resistance at 4558 4639 4672
Jeera NCDEX Mar-12 support at 12776 12933 13093 closing at 13268 resistance at 13534 13770 13881
Chilli NCDEX Feb-12 support at 5441 5506 5562 closing at 5622 resistance at 5733 5831 5871
Cardamom MCX Mar-12 support at 885 891 898 closing at 906 resistance at 916 925 929.
For More Tips and Updates FILL THE FORM