Wednesday, March 14, 2012

NCDEX Updates, Tips and Trend For Today: 15th March '12

NCDEX, NCDEX Live, NCDEX Tips, NCDEX Trend, NCDEX Chana, NCDEX Jeera, Free NCDEX tips, NCDEX soyabean, Guarseed, free commodity tips, agri trading tips, commodity intraday tips


NCDEX Chana Tips
Chana futures witnessed a sharp firm trade during the last trading session due to chart based buying. It opened steady followed by sharp buying followed by some profit booing in last hour of trade, ending the day on a firm note. Key spot market witnessed mixed trade with key markets of Bikaner witnessing an up move of Rs. 22, whereas key market of Delhi witnessed down move of Rs 38. It is trading in a Bullish pattern with having a resistance of 3990 and a support level of 3750. We suggest you to Buy Chana on higher Levels.

NCDEX Pepper Tips
Positive bias prevails as long as 45 day EMA holds the downside support. Currently it is placed at 39370 levels. Hence, consistent trade above the same is more likely to target 42440 followed by 42900 levels. However, any trade below 37600 (22 day EMA support) may trigger profit booking. It is trading in a Bullish pattern with having a resistance of 42900 and a support level of 40200. We suggest you to Buy Pepper on higher Levels.

Refined soy oil Mar ncdex:
Bullish bias favours while prices stay above the key support of 715. The daily RSI is also supportive for underline bullishness in the counter. Conversely, bullish view may dent if prices punctures below 709 levels in the immediate run. It is trading in a Bullish pattern with having a resistance of 3000 and a support level of 2830. We suggest you to Buy Soybean on higher Levels.
 

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