Crude Updates, Copper Updates 31st March, MCX Tips Today, NCDEX Tips, NCDEX Live 31 March, Commodity Intraday Trading Tips for 31st March
Crude Updates: Technical Analysis for 31st March
MCX Apr Crude oil was begun the day with a selling note and shed almost 145 points on D-o-D basis. Now the price on verge to test the rising trend-line support at 2960 levels, where as a resistance resides at 3103 levels.
Sell action is suggested around 3053 level witha target of 2964-2913 with a stop loss at 3103
Copper Updates: Technical Analysis
MCX Apr Copper; a “Bearish H & S pattern is under developing on 2 hour charts and the neck-line level of the same pegged at 382.70 levels. On a convincing close below the same will confirm the near-term bearish trend and is likely to extend the decline towards 373 levels, which is and equality as well as 61.8% Fibonacci level of the recent rally.
Again sell is suggested below 382.70 level for target of 373 with stop loss at 388.
Crude Updates: Technical Analysis for 31st March
MCX Apr Crude oil was begun the day with a selling note and shed almost 145 points on D-o-D basis. Now the price on verge to test the rising trend-line support at 2960 levels, where as a resistance resides at 3103 levels.
Sell action is suggested around 3053 level witha target of 2964-2913 with a stop loss at 3103
Copper Updates: Technical Analysis
MCX Apr Copper; a “Bearish H & S pattern is under developing on 2 hour charts and the neck-line level of the same pegged at 382.70 levels. On a convincing close below the same will confirm the near-term bearish trend and is likely to extend the decline towards 373 levels, which is and equality as well as 61.8% Fibonacci level of the recent rally.
Again sell is suggested below 382.70 level for target of 373 with stop loss at 388.
MCX NCDEX Tips For Today: 31st March
| Commodity | Expiry | S1 | S2 | Last Trade | R1 | R2 | Intraday | Recommendation | ||
| Gold | 05'Apr | 26321 | 26187 | 26455 | 26510 | 26633 | Bearish | Sell at R1 TGT S1 SL 26633 | ||
| Silver | 05'May | 36925 | 36450 | 37466 | 37830 | 38390 | Bearish | Sell at R1 TGT S1 SL 38390 | ||
| Copper | 30'Apr | 382.7 | 373 | 384.85 | 387 | 390.4 | Bearish | Sell below S1 TGT S2 SL 387 | ||
| Nickel | 30'Apr | 798 | 784 | 808.9 | 816 | 829 | Bearish | Sell at R1 TGT S1 SL 829 | ||
| Zinc | 30'Apr | 131.2 | 130.35 | 131.8 | 133 | 134.3 | Bullish | Buy at S1 TGT R1 SL 130.35 | ||
| Lead | 30'Apr | 114.3 | 113 | 114.8 | 116.35 | 117.4 | Sideways Bearish | below 114.3 | ||
| Aluminum | 30'Apr | 112.45 | 111.2 | 112.65 | 114 | 115.3 | Sideways | Wait for call | ||
| Crude Oil | 20'Apr | 2964 | 2913 | 3017 | 3053 | 3103 | Bearish | Sell at R1 TGT S2 SL 3103 | ||
| Natural Gas | 27'Apr | 164.7 | 162 | 166.7 | 169.4 | 172 | Bearish | Sell at R1 TGT S1 SL 172 | ||
| Mentha Oil | 30'Apr | 822 | 810 | 831.7 | 845 | 856 | Bullish | Buy at Cmp TGT R2 SL 822 | ||
| Cotton | 30'Apr | 15450 | 15310 | 15560 | 15740 | 15870 | Sideways | Wait for call | ||
| Chana | 20'Apr | 3565 | 3530 | 3598 | 3627 | 3659 | Sideways | Wait for call | ||
| Soya Bean | 20'Apr | 3415 | 3370 | 3443 | 3475 | 3504 | Bullish | Buy at S1 TGT R2 SL 3370 | ||
| Soya Oil | 20'Apr | 555 | 550 | 558.45 | 567 | 572 | Bullish | Buy at Cmp TGT R1 SL 555 | ||
| RM Seed | 20'Apr | 3372 | 3341 | 3394 | 3435 | 3477 | Bullish | Buy at S1 TGT R1 SL 3341 | ||
| Cocud cake | 20'Apr | 1692 | 1667 | 1706 | 1736 | 1759 | Bullish | Buy at S1 TGT R1 SL 1667 | ||
| Jeera | 20'Apr | 14523 | 14370 | 14640 | 14820 | 14965 | Bullish | Buy at S1 TGT R1 SL 14370 | ||
| Turmeric | 20'Apr | 7500 | 7440 | 7558 | 7623 | 7710 | Sideways | Wait for call | ||
| Dhaniya | 20'Apr | 8932 | 8860 | 8976 | 9040 | 9125 | Bullish | Buy at S1 TGT R1 SL 8860 | ||
| Castor seed | 20'Apr | 3712 | 3670 | 3743 | 3800 | 3853 | Bullish | Buy at S1 TGT R1 SL 3670 | ||
