MCX TIPS
Gold futures consolidating; strong investment and retail demand key to achieving $1500
Today evening would see Ben Bernanke delivering a speech in Chicago. Analyst community expects that he would speak on the theme of too-big-to-fail banking. He may not speak on the monetary policy as currently being pursued by the Fed as the occasion is an Annual Conference on Bank Structure and Competition.MCX Copper to remain bullish until breaking of 395 level
For intra-day, support for the commodity is seen at 398 and 395 levels while 405 is the resistance. On upper side, sustaining above 405 may lift the prices further till 408 level and traders are advised to take long position at each correction with the stop loss of 395.MCX Silver may trade sideways to bullish; resistance 45500
For intra-day, the commodity has support at 44600 while 45500 is the resistance. If silver breaks the level of 45500 then further buying can be expected till 46000Crude Oil continues to fall on rise in supplies
Brent’s premium to WTI may go down to $5, according to Goldman Sachs Group Inc. Brent crude oil futures for June delivery was seen trading slightly down by 0.03% at $104.07 per barrel as of 10.26 AM IST on Friday.MCX Natural Gas negative; US inventory data awaited
For intra-day, support for the commodity is seen at 210 while 215 and 217.5 are the resistances. Also, prices may continue their downward movement, if the inventory data is in expected lines. Traders can enter into short sell around 214.5 with the stop loss of 217.5 for target 211.FILL THE FREE TRIAL FORM BELOW TO GET OUR ACCURATE TIPS
VISIT OUR WEBSITE FOR MORE DETAILSwww.theequicom.com
or call us at 09200009266.
Visit our another blog for more tips and market updates
http://theequicom-stock-market-tips.blogspot.in
NCDEX TIPS
NCDEX Chana negative; support 3350
Chana futures are expected to continue with negative trend during intra-day trade. Higher supply of new crop and higher production estimates are putting pressure on chana prices. For intra-day, support for the commodity is seen at 3350 while 3495 is the resistance. Traders may sell around 3460 with the stop loss of 3495 for target 3350.NCDEX Turmeric bearish; short covering expected, support 5750
For intra-day, support for turmeric is seen at 5750 while 6470 is the resistance. Traders may sell around 6250 with the stop loss of 6470 for target 5750. Also, support for coriander is there at 6350 while 6870 is the resistance. Traders may sell around 6730 with the stop loss of 6870 for target 6350.GIVE US A CHANCE TO SERVE ANDGET THE OPPORTUNITY TO EARN
0 comments:
Speak up your mind
Tell us what you're thinking... !