MCX Gold Updates, Tips and Trend Today

MCX Gold Updates
In previous post we have discussed that mcx gold is trading in a range bond of 29800-30400. In its yesterday's trading it has shut stop at 30282 up by 0.23%. Current gold updates says that in international market spot gold has hit a intraday low of $ 1609 yesterday, that may make a selling presure in domestic market also.

MCX Gold Trend
MCX Gold is looking volatile in its last 3-4 trading session becouse of ending of current contract. The traders have a pressure to sell gold in MCX. Another fector is the global issue. MCX Gold trend is consolidate now and moving towards positive. Although it has a strong support at 30000 and a good resistance at 30500. Current Gold trend is suggest a new range bond of 30000-30500 for itself.

MCX Gold Tips
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MCX Silver and Copper Live Tips For Today

MCX Silver

silver futures prices today moved down by 0.84 per cent to Rs 54461 per kg, as speculators created fresh positions. Silver is in a consolidate trading phase and may get a positive position today. In our technical reports of a firming trend in precious metals overseas have mainly influenced silver futures here. We think Silver had been stuck in a range of 53500-55500 and a break on either side could determine direction.

Broad trading range is seen inside 55350-54000 levels, either side breakout would be required to suggest fresh directional moves. Direct rise above 55350 will be an early signal of short covering rally towards 56100/57000. Buy is recommended by the experts

MCX Copper

Copper has been rose arround 1.23% on MCX in its last trading and closed at just below of 424 level. For Today Copper prices are expected to test 428-431 on higher end. Copper is looking best deal in commodity market. Prices are expected to hold the support at 418-416 zone. Buying on dips is recommended.

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NCDEX, NCDEX Tips and Trend Today

NCDEX Pepper

June contract on the NCDEX decreased by Rs 300 a quintal to the last traded price (LTP) of Rs 39,700 a quintal. July and August were down by Rs 355 and Rs 365 respectively a quintal to the LTP of Rs 39850 and Rs 40125 a quintal. Pepper was expected to extend its weak trend due to subdued overseas demand because of higher price quoted for the Indian variety in the international market. Indian parity was offered at $7700 per tonne.

NCDEX Turmeric

Turmeric was sold above Rs 4,000 for a day alone in two markets, but on Monday only in Erode Cooperative Marketing Society two or three bags of turmeric sold at Rs 4,069 a quintal, due to placement of best quality turmeric for sale. He said though the Government announced the procurement of turmeric at Rs 4,000 a quintal, so far no such procurement is made by the Tanfed. The growers are also not willing to sell their produce at Rs 4,000 a quintal, as they expect minimum support price of Rs 10,000 a quintal.

NCDEX Chana

Arrivals of chana crop declined to 80000 bags while spot rates traded steadily in the range of Rs 43-44 per kg across major trading centers, as per trade reports. For Today consolidate to positive trading expected. NCDEX Chana may trade in a range bond of 4040-4200.

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MCX Gold Tips And Live Trend For Today

MCX gold August contract may trade in a range between Rs 30200 and Rs 30500. The Reserve Bank of India has left all key bank rates unchanged. This may lead to depreciation of rupee against dollar and prevent gold prices from falling sharply in India.

We expect prices to trade in higher levels for the near term. But for intraday, prices have to make accomplish trades above 30320 region to rematerialize buying sentiments towards 30400-30600. Anyhow, failed attempts to break 30400 region could liquidate buying pressure and find support at 30080-30770 or even lower towards 30640.

Intraday Tips: Buy is advised above 30400 with a stop at 30250, else below 30112 go for sell with a stop at 30340.

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MCX Live Tips and Commodity Updates Today

MCX Gold Tips

For this week we expect gold prices to find Support at 29970-29930 levels and further below strong support is seen at 29700-29650 levels and below that 29555-29254. Resistance is now seen at 30400-30430 levels and then strong resistance is seen at 30690-30720 levels. Trading consistently above 30730 levels would trigger a sharp rally initially towards 31030 then 31400 and then finally towards the Major resistance at 31800 levels.

MCX Copper Tips

For this week we expect Copper prices to find support at 414-413 levels. Trading consistently below 413 would lead towards the strong support at 408-400 levels. Resistance is now observed in the range of 422.40-423.70 levels. Trading consistently above 424 levels would extend the current up move initially towards 429 then 440 and then finally towards the major resistance at 449 levels. 

MCX Crude Tips

For this week we expect Crude prices to find support at 4665-4645 levels. Trading consistently below 4645 levels would trigger correction initially towards 4616 levels, then 4560, and then finally towards the major support at 4517 levels. Resistance is now observed at 4810-4830 levels. Trading consistently above 4830 levels would trigger a sharp rally initially towards 4911 levels, then 4954 and then finally towards the Major resistance at 5096 levels.

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MCX Commodity Calls: Gold, Silver, Copper, Crude

MCX Gold Tips

A swing higher is anticipated earlier in the evening. However, inability to clear above 30100 region would invite long liquidation spree towards 29870/780 or even lower towards 29700. Alternatively, a push past through 30100-120 region could strengthen our bullish expectation find resistance at 30300/30500.

MCX Gold Aug: Intraday Levels are: Resistance at 30300, Support: 29880

MCX Silver Tips

A thin trading range have been witnessed for the last couple of days. For the day, if dips failed to succeed below 54600-500 regions, favored view is mild positive session and could push prices towards 56000 or even more. Conversely, a direct dip below 54450 will be an early indication of prolonged selling pressure.

MCX Copper Tips

Inability to break 414.50 convincingly, prices could corrected lower and possibly find support at 411/408 regions. However, strong liquidation pressure are favored only below 407 with volume. Rallies above 414.80 will reverse the present selling momentum and take prices higher. we recommend a Sell in MCX Copper June contract around 420 - 425 with a Stop Loss of 436 and Target of 400 (CMP: 412)

MCX Crude Tips

Prevailing negative bias is likely to find support near 4585-90 region for a turn higher towards 4625/4655/4675 levels. Otherwise, expect the downfall to continue en route for 4555/4525 region. A thrust past 4680 could initially target 4720/4750. With broad trend still looking weak, a close above 4800 could be signs of a renewed buying momentum in the counter.

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NCDEX Tips and Trend For Today: Live Updates

NCDEX Chana Tips

Chana futures rose on Wednesday after falling for three successive sessions tracking a firm trend in the physical market, where low-level buying by wholesale traders pushed up prices. Arrivals of chana crop declined to about 1 lakh bags while spot rates traded steadily & were offered in the range of Rs. 43-44 per kg across major trading centers, as per trade reports. Chana is looking negative at the moment. Technical report suggest a strong support at 4050 and a critical resistance at 4150. We suggest a sell in NCDEX Chana June below 4120, Target: 4080-4040, Stoploss would be above 4140.

NCDEX Pepper Tips

Even though prices cleared the resistance of 40500 the much anticipated rally towards 41000 region has not triggered yet. While the general trend continues to be positive, a lower correction cannot be ruled out towards 39800. On the higher side, it is required to clear above 41500 to set off prolonged short covering rallies. Conversely, any trade below 37900 would dent the near term bullish view. NCDEX Pepper is looking positive at the moment. Technical report suggest a critical support at 40082 and a strong resistance at 40818. We suggest a fresh buy in NCDEX Pepper June above 40200, Target: 40600-41000, Stoploss would be above 40200.

Intraday Pics For Today

• SELL DHANIYA BELOW 3520
• SELL MAIZE ON PULLBACKS
• BUY JEERA ABOVE 1330

Agri Commodity Trend For Today

• NCDEX Chana July: In case of consistent trades below 4190, we expect continuation of selling pressure towards 4040 levels.
• NCDEX Soybean July: A break of 3430 is required for the next level bullish rally to start towards 3500 levels.
• NCDEX Chilli July: Even though general sentiments remain positive, inability to sustain above 5310 then a mild lower correction is expected towards 5080 levels.
• NCDEX Jeera July: Short covering rally is in progress towards 13250 levels. If prices were able to overcome the major obstacle of 13300 levels, the rally could extend towards 13500 levels in the immediate run.
• NCDEX Rmseed July: Inability to trade above 13 day EMA obstacle at 3772 levels then downside correction is anticipated for the day.
• NCDEX Kapas April: Sideways to lower for the day.
• NCDEX Wheat July: If prices break below the support of 1162 region with sufficient volume then we expect to see a sharp correction towards 1140 levels.
• NCDEX Maize July: A break of 1132 is required for a next turn in fall of prices towards 1115 levels for the day.
• NCDEX Turmeric July: Inability to sustain above 3756, we expect to see prices to drag lower towards 3600 followed by 3500 levels in the near term.
• MCX CPO June: A break of 543 levels is required for the next round of selling pressure to kick off.
• MCX Menthaoil June: If prices are able to prop up above 45 day EMA support of 1389 then an upsurge of prices could be seen towards 1460 region.
• MCX Cardamom July: A short covering rally is anticipated towards 1250 levels.

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MCX Copper Tips and Updates For Today

Copper, the leader of the base metals group, declined by 0.4 percent yesterday on the LME on the back of rise in risk aversion in the global markets coupled with increase in LME copper inventories by 1.6 percent which stood at 243,425 tonnes. However, weakness in the DX restricted further downside in fall of copper prices.

On the MCX, prices declined by 0.2 percent on account of appreciation in the Indian Rupee and closed at Rs.410/kg after touching an intra-day low of Rs.409.10/kg on Wednesday. Today also it is trading in a consolidate manner. Copper is trading at 411 at the moment.

we expect base metals to trade lower on the back of rise in risk aversion in the global markets coupled with strength in the DX. Depreciation in the Indian Rupee can prevent further fall in prices.

Copper prices are expected to witness a range bound move as from 414 to 406, one can look for buying opportunity around 409 with a stop loss below 405. Fresh buying could witness above 415.

MCX Copper Trend 

Month	June
Support 3	403
Support 2	406
Support 1	409
Resistance 1	412
Resistance 2	415
Resistance 3	418
Trend	Consolidate

 

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Live MCX Tips: Gold and Copper Updates Today

MCX Gold Tips

Bullish expectation could be back on track only by concrete trades above 29970-30000 region, else could see a long liquidation moves towards 29790/700 or even lower towards 29640. Even in this scenario, break above 30000 region could lure buying pressure towards 30120/30300. Currently Gold is in HOLD LONG position In short term Gold is in strong up trend so hold with stop at 29707 The oscillator is showing BUY signal.

Intraday Trend- Buy is advised above 30235 with a stop at 29906 Below 29837 go for sell with a stop at 30165.

MCX Copper Tips

Inability to break 414.50 convincingly, prices could corrected lower and possibly find support at 411/408 regions. However, strong liquidation pressure are favored only below 407 with volume. Rallies above 414.80 will be an early signal of reversal of the present selling momentum. Currently Copper is in HOLD LONG position In short term Copper is in strong up trend so hold with stop at 406 The oscillator is showing BUY signal.

Intraday Trend- Buy is advised above 412 with a stop at 406 Below 404 go for sell with stop at 412.

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NCDEX Today: Live Tips and Trend

NCDEX Pepper Tips

Pepper contracts traded higher due to tight supply situation in the market. Breaking of 40500 with robust volume may lift prices higher towards 41000 initially followed by 41400 levels. It is required to overstep 41500 to witness skyrocket prices of 42000 or even 43200 levels in the near term. On the other side, if unable to do so, then we may see prices trade sideways to lower for the day. However, the current bullish momentum may be dented only if trading occurs below below 37900 levels.

NCDEX Jeera Tips

Jeera prices are projected to trade on slightly positive note on cues from emergence of lower level buying from stockiest at spot front. Arrivals of jeera crop declined to about 10,000 bags while trades too were down at 9,000-9,500 bags at auctions held at Unjha market. Reports of declined production estimates for Syria and Turkey’s might also cushion jeera prices. However, overall trend is remaining very sluggish at spot market of Unjha as arrival at still higher a compared to usual which might weigh on sentiments.

Intraday Pics For Today

BUY NCDEX PEPPER ABOVE 40500.

SELL NCDEX MAIZE ON PULLBACKS.

NCDEX Commodity Trend For Today:

• NCDEX Chana July: If trading is consistent below 4190 levels then we expect continuation of selling pressure towards 4040 levels.
• NCDEX Soybean July: Inability to sustain above 3410 could result in a downfall towards 3275 region.
• NCDEX Chilli July: If trading is consistent above 5100 then we expect prices to trade higher towards 5300 followed by 5500 levels in the immediate run.
• NCDEX Jeera July: Short covering rally is on progress towards 13250 levels.

• NCDEX RMSEED July: Inability to trade above 13 day EMA obstacle at 3772 levels then downside correction is anticipated for the day.
• NCDEX KAPAS April 2013: If prices consistently trade above 975 levels, then we expect to see rise in prices towards 1000 levels in the near term.
• NCDEX Dhaniya July: If prices break off below 3500 then a downside correction is expected in the immediate run.
• NCDEX Turmeric July: Inability to sustain above 3756 we may see prices to drag lower towards 3600 followed by 3500 levels
• MCX MENTHAOIL June: Prices hold the support of 1340 levels. Consistent trade above the same would result in upsurge in prices towards 1400 followed by 1425 levels.
• NCDEX Maize July: In case of reliable trades below 1160 levels, we expect to see downside correction towards 1100 levels for the day.

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MCX Copper Tips and Crude Updates Today

MCX Copper Tips

Today morning base metals are trading slightly positive by 0.09 to 0.2 percent at LME electronic platform. At MCX, base metals may likely open on a positive note for the day. Copper prices are expected to witness a range bound move as from 414 to 406, one can look for buying opportunity around 409 with a stop loss below 405. Fresh buying could witness above 415.

MCX Crude Oil Tips

During early Asian session, oil prices are seen hovering near $83/bbl with fall of more than 0.40 percent from yesterday’s closing. Investors must be cautious ahead of inventory report releasing tonight, which is expected to give a positive indication for prices. We may suggest remaining on selling side for the day. Crude prices are witnessing a range bound move. one can buy around 4620 with a stop loss of 4580 targeting 4685–4700. Oscillators suggesting a flat to positive move ahead.

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MCX Tips : Crude and Copper Updates Today

Copper Updates

Today morning base metals forwards are trading up by 0.4 to 2.4 percent at LME electronic platform with Copper as the top gainer. Industrial metals are trading higher on International bourses today. We expect prices to trade higher for the day as Europe agreed on a bailout package for Spain's distressed banks and data showing strong imports by top consumer China.

On the MCX, Copper June contract prices declined around 1 percent on the back of appreciation in the Indian Rupee and closed at 404.20 on Friday after touching a low of 397 during the week. Now it is trading at 411 with almost 1.5% up. It has a strong resistance at 415 and a criticle support at 405.

Crude Updates

Crude oil is trading higher on NYMEX today. We expect prices to trade higher for the day as after euro zone finance ministers agreed to a rescue package of up to 100 billion euros ($125 billion) for Spain's banks and strong import numbers from china. Crude oil futures prices are trading above $86/bbl in electronic platform with gain of more than 2 percent. Oil prices have gained on speculation of higher oil demand from European countries as Spain have requested for bailout to shore up its banks. Spain finance minister have told that it will seek $125 billion. 

On the domestic bourses, prices declined by 0.1 percent on account of appreciation in the Indian Rupee and closed at 4625 on Friday after touching a low of 4522 during the last week. Now it is on 4736 up by 1.30%. It has a strong resistance at 4790 and a criticle support at 4660.

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MCX Tips: Gold and Silver Today

MCX Gold Tips

Gold suggest that prices have reversed after taking resistance at 30200 levels. MACD is in a sell mode. We expect prices to correct up to levels of 29000. Witnessing recovering move may not be succeed until prices make concrete trades above 29700 region and such abortive attempt could find support at 29490/29400 or even lower towards 29200. Conversely, astonishing move above 29700 region could lift up prices towards 29870/30550 or even higher towards 30650.

we expect gold prices to find Support at 29,430 – 29,400 levels and further below strong support is seen at 29,150-29,100 levels.

MCX Silver Tips

we expect Silver prices to find strong support in the range of 53,900-53,700 levels. Multiple closing below 53,700 levels would indicate that a short term top has been posted. Dips if unable to succeed below 53300 expect reversal of the present selling momentum and prices could edge higher towards 54600 or even more. A direct fall below 53100 will extend liquidation pressure towards 51000 later.

Silver suggest that prices have reversed after taking resistance at 56300 levels. RSI is in a sell mode. We expect prices to correct up to levels of 53000.

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NCDEX Live Tips and Updates For Today

NCDEX Pepper Tips

Pepper futures prices are projected to continue the volatility with biased towards down side. According to trade sources, heavy speculative activities to take advantage of spread difference between June and July contract. However, spot activity is remaining steady in absence of proper supplies along with rising moisture content due to monsoon rains.

Pepper July futures prices traded on negative note to close at Rs 38915 levels. Stoploss triggered for the suggested sell. Support is at Rs 38760 levels and next support is at Rs 38290 levels. Resistance is at Rs 39290 levels and above this next resistance is at Rs 39730 levels.

NCDEX Jeera Tips

Jeera futures prices are projected to trade on lower note on back of subdued demand from local buyers across the major spot markets. However, reports of huge fall in Syria and Turkey’s jeera productions are also cushioning jeera prices at lower levels. However, stocks are still good which is reflecting daily arrivals which might weigh on sentiments.

Jeera July futures prices plunged by Rs 195, finally it closed at Rs 13040 levels. We mentioned in previous report about false breakout. To day prices corrected back to close on the lower side. Resistance is at Rs 13195 levels and next resistance is at Rs 13340 levels. Support is at Rs 12870 levels breach of this could correct to the next possible support of Rs 12698 levels.

NCDEX Chana Tips

Arrivals of chana crop stood declined to about 1-1.1lakh bags while spot rates were unchanged & offered in the range of Rs 43-44 per kg across major trading centers, as per trade reports. Chana futures prices traded on bearish note to close at Rs 4095 levels. Prices are making whipsaw movement. It has given a long upper shadow to signal correction ahead of the session. Resistance is at Rs 4134 and at Rs. 4192 with support at Rs.4089 and at Rs 4024.

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MCX Commodity Tips and Updates For Today

MCX Gold

Prices scaled to new life high in a strong rally, after they broke-out from a consolidation range above 29,450. We have always maintained our bullish view on the metal & we could see more upside in the short-term. Prices now holds strong supports at 29400-29450 (Previous Resistance) and the long-term SMA’s i.e. 28790 (50-day SMA), 28470 (100-day SMA) and last at 28200 (200-day SMA).

MCX Silver 

Silver has breached crucial Resistance at 55150 Trend is expected to turn Positive & can Test levels of 57500 & 60000 (in short-term) and could move towards 65000 (in long-term). (Support/ Stop for Reversal holds below 52800). Advised to Accumulate on dips.

MCX Copper 

Holds strong resistance at 411.5-412 (200-day SMA)… next only at 426.5 (100-day SMA) and 427.5 (50-day SMA). Prices below 407 (on closing basis), can Test levels of 380 & 350. copper MCX June contract at dips close to Rs 408 per kilogram and dips further to Rs 406 per kilogram looking for a target of Rs 413 per kilogram and beyond that to Rs 414 per kilogram with a stop loss of Rs 402 per kilogram.

Free Commodity Tips For Today

• MCX Gold August : Buy around 30000 levels with a stop loss placed below 29900 levels for targets of 30200 levels.
• MCX Silver July : Buy around 54700 levels with a stop loss placed below 54400 levels for targets of 55100 levels.
• MCX Crude June : Buy around 4710 levels with a stop loss placed below 4660 levels for targets of 4850 levels.
• MCX Natural Gas June : Sell below 135 levels with a stop loss placed above 139 levels for targets of 129 levels.
• MCX Copper June : Buy around 409 levels with a stop loss placed below 405 levels for targets of 414 levels.
• MCX Nickel June : Buy around 890 levels with a stop loss placed below 875 levels for targets of 920 levels.
• MCX Lead June : Buy around 106 levels with a stop loss placed below 105 levels for targets of 108 levels.
• MCX Zinc June : Buy above 105 levels with a stop loss placed below 104 levels for targets of 106.50 levels.

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MCX Gold Tips and MCX Trend For Today

Gold prices on MCX slid more than 2% on Friday, extending losses from the previous session when US central bank chief Ben Bernanke disappointed investors by giving few hints on imminent monetary stimulus. Gold fell more then two percent from the previous day's record high as the rupee hit its strongest level in two weeks and global gold prices fell, though physical traders waited for bigger falls before entering into deals. Scrap flow remained firm.

A drift lower is favoured towards 29100, but is unlikely to evolve into major weakness unless confirmed with successive days of close below 29344. A push higher above 29800 would dilute intraday bearish sentiments but is required to close above 29800 to trigger rallies.

Spot gold prices declined by more than 0.2 percent today, however weakness in the US Dollar Index (DX) cushioned further fall in prices. The yellow metal touched an intra-day low of $1612/oz and hovered around $1615/oz.

MCX Gold is now trading in overbought level. The market sentiments are showing a SELL signal For short term. The current position is BUY. Positionally Support for the Gold is 29183-28696. Resistance for the Gold is 29592-29850.

For Intraday- Buy is advised above 29846 with a stop at 29024, else below 28789 go for sell.

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NCDEX Agri Commodity Tips and Report For Today

NCDEX Pepper Tips

NCDEX Pepper July ended higher by 2.07% in its last trading session. Spot rates of pepper garbled increased to Rs. 393 per kg and that of un-garbled was up at Rs. 378 per kg. Arrivals increased to 10 tons while trades too were up at 9 tons at Kochi market. Pepper futures rose, supported by dwindling stocks and a squeeze in local supplies, with domestic output is expected to fall this year. Industry officials estimate 43,000-45,000 tonnes of local pepper output in 2012, compared with 49,000 tonnes last year.

NCDEX Chana Tips

NCDEX Chana July ended higher by 3.00%. Indian Chana futures recovered on Wednesday from a 3 percent fall in the previous session as traders covered short positions, with slack supplies aiding sentiment. In Delhi, spot Chana fell 40 rupees to 4,110 in absence of festive buying. Demand for Chana is expected to pick up from July or August ahead of festivals. Production of pulses in India is expected to fall by 5.3 percent to 17.28 million tonnes in the current crop year ending in June.

NCDEX Commodity Trend-

• NCDEX Chana July: A firm resistance zone is seen at 4200-4235 levels. Inability to break above these levels may see correction continue downward.
• NCDEX Soybean July: Inability to sustain above 3410 could result in a downfall towards 3330 region.
• NCDEX Chilli July: A recovery rally may be seen towards 4890 levels.
• NCDEX Jeera July: Although a major resistance is seen at 13300 levels, a breach of the same with volume may see upside towards 13450 levels.
• NCDEX RMSEED July: If prices are able to trade above 3800, then we see the upside momentum continuing towards 3850 levels.
• NCDEX KAPAS April 2013: A break of 975 may see an uptrend towards 1000 levels in the immediate run.
• NCDEX Dhaniya July: A short covering rally may be seen towards 3700 levels for the day.
• NCDEX Turmeric July: Even though sentiments look weak, a pullback rally may be expected towards 3700 levels.

NCDEX Intraday Tips:

• BUY PEPPER ON DIPS.
• SELL CARDAMOM ON PULLBACKS.
• SELL SUGAR ON PULLBACKS.

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MCX Copper Tips and Commodity Updates

Commodity News Highlights 

• Gold gains 1pc as euro, commodities up ahead of ecb.
• Brent crude oil returns to 100$ ahead of ecb.
• Copper rises as dollar falls , ecb meeting in focus.
• Domestic oil and oilseed trade bullish on global cues.

MCX Copper Tips
Today morning base metals are trading mixed with Copper and Nickel slightly down at LME electronic platform. Copper prices traded positively while other metals too were up, on reports that rescue of Spain's troubled banks by the EU. Copper futures for July delivery closed up by 2.7% at $3.3779 per pound on the COMEX of the New York Mercantile Exchange.

Copper is currently trading at 411 with a strong down trend. It has a strong support of 406 if copper cross this level then it can further go to 402. On the upside it has a criticle resistance at 415 and above that 418. We suggest to Sell MCX Copper at high levels. 

MCX Commodity Data
 

Time	Currency	Economic Data	Forecast	Previous
06:00 PM	USD	Unemployment Claims	381K	383K
07:30 PM	USD	Fed Chairman Bernanke Testifies
08:00 PM	USD	Natural Gas Storage		71B
09:40 PM	USD	FOMC Member Lockhart Speaks

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MCX Base Metal Tips: Copper Updates for Today

All base metals are trading on a positive note today.

MCX Copper Tips

MCX Copper chart suggest that prices have reversed after taking support at 405 levels. RSI is in a buy mode. We expect prices to go up to levels of 414. For today in copper traders should go for buying at lower levels strategy, if copper sustains below the level of 404 we can see the level of 400 today, and above 411 it can touch the level of 415.

We suggest a Buy in Copper around 409 levels with a stop loss placed below 405 levels for targets of 414 levels.

MCX Nickel Tips

For Today chart of Nickel suggest that prices have reversed after taking support at 880 levels. RSI is in a buy mode. We expect prices to go up to levels of 920. For intraday Nickel traders should go for buying at lower levels strategy, if nickel sustains below the level of 873 we can see the level of 863, and above 894 it can touch the level of 906.

We suggest a Buy in MCX Nickel around 890 levels with a stop loss placed below 875 levels for targets of 920 levels

MCX Lead Tips

Technically In MCX Lead, chart suggest that prices have reversed after taking support at 105 levels. MACD is in a buy mode. We expect prices to go up to levels of 108. Intraday traders should go for buying at lower levels strategy, if lead sustains below the level of 105 we can see the level of 103.70, and above 107.40 it can touch the level of 108.10.

We suggest a Buy in Lead around 106 levels with a stop loss placed below 105 levels for targets of 108 levels.

MCX Zink Tips

Technical chart of Zinc suggest that prices are trading near a crucial resistance of 105. RSI is in buy mode. We expect prices to go up to levels of 106.50. Day traders should buy MCX Zink at lower levels, if Zink sustains below the level of 104.10 we can see the level of 103.80, and above 105.85 it can touch the level of 106.20.

We suggest a Buy in MCX Zink above 105 levels with a stop loss placed below 104 levels for targets of 106.50 levels.

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NCDEX Updates (Tips, Trend, Live Price) For Today

NCDEX Intraday Pics

• SELL CHANA ON PULLBACKS.
• SELL COCUD ON PULLBACKS.
• BUY PEPPER ON LOW LEVELS.

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NCDEX Pepper Tips

Pepper futures prices are projected to continue the recovery on extended short covering. Overall trend is remaining very volatile due to lack of proper directions. In domestic market prices were consolidating in the range of 38000-39300 levels for the last four days. A direct rise of 39850 with ample volume is required for the next bullish wave to kick start. It is trading in a Bullish pattern with having a resistance of 39868 and a support level of 38423. We suggest to buy NCDEX pepper June on low levels.

NCDEX Jeera Tips

Jeera futures prices are projected to resume down trend on poor buying interest among traders at spot front. Jeera futures are seen trading lower due to weakening export demand and likely rise in output from other major producing countries. According to traders' opinion, the export demand have declined as the buyers from overseas market limited their purchases as they are awaiting the Syrian crop to enter into the market. NCDEX Jeera is trading in a consolidate pattern with having a resistance of 12498 and a support level of 12163.

NCDEX Commodity Updates

• NCDEX Soybean July- Sideways trading for the day.
• NCDEX Chilli July- In case of consistent trades below 4780, we expect to see continuation of selling pressure towards 4400 levels.
• NCDEX Jeera July- If prices break below 12700 levels, then a major fall is expected towards 12500 levels.
• NCDEX RMSEED July- Prices have to break below 3660 for correcting lower towards 3600 region.
• NCDEX KAPAS April 2013- If prices can sustain trading above 924 levels, a pullback rally may be seen towards 950 levels.
• NCDEX Dhaniya July- Even though sentiments look weak, a mild short covering is expected towards 3570 before continuing the downtrend.

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