Tuesday, December 20, 2011

Commodity Outlook Today: NCDEX Tips and Trend For Today

NCDEX, NCDEX Tips, NCDEX Live, NCDEX Today, NCDEX Price, NCDEX Trend, Commodity Outlook, MCX Outlook


Commodity Updates:
  • Gold climbs as the euro rebounds 1 pct.
  • Oil climbs for second day on gain in u.s. housing starts, iran concern .
  • Copper rises on upbeat german data, weak dollar.
  • India chana to trade positive on rising spot demand.


MCX Gold -

TREND            R 2          R 1          S 1          S 2          STRATEGY
Consolidate   28300     28050     27650      27400     Buy on Lower Levels

MCX Silver-

TREND            R 2           R 1          S 1          S 2          STRATEGY
Consolidate   55900      54700      52300     51100     Buy on Lower Levels


Here are technical levels for NCDEX Commodities-

SOYBEAN (JAN)

TREND                   Consolidate
RESISTANCE 2      2520
RESISTANCE 1      2475
SUPPORT 1            2380
SUPPORT 2            2330
STRATEGY             Buy on Lower Levels


GUARSEED (JAN)

TREND                    Bullish
RESISTANCE 2       7020
RESISTANCE 1       6890
SUPPORT 1             6630
SUPPORT 2             6490
STRATEGY              Buy on lower Levels


PEPPER (JAN)

TREND                     Consolidate
RESISTANCE 2        36700
RESISTANCE 1        35980
SUPPORT 1              34650
SUPPORT 2              33915
STRATEGY               Sell on higher Levels
 

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