MCX Live Copper and Silver Trend For Today: 11th May

Copper Updates

The Copper is in long- medium term bull phase. Currently Copper is moving sideways that says that mcx copper may trade in range of 435-443. The Copper is now trading in overbought level. Means there is a good opportinuty to sell copper in current market and make some profit. The market sentiments is showing SELL signal. In last 1 month volatality is very less Buy the Copper above 452 or buy with strict stop at 421. One can make short position in mcx Copper. Positionally Support for the Copper is 430-426. Strong resistance for the Copper is 442-445.

MCX Silver Trend

Overall trend for mcx silver is down for long and medium term. Currently mcx silver is trading in a strong down trend. Our research team suggest that it is a good time to enter in this volatile market with a fresh buying position. Current sentiments are showing a buying signal for MCX Silver. Although it may get more bear trend if it cross the support levels of 54055 and 53600 else it will be a bull trend if it touch the resistance level of 55560-55900.

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MCX Copper Updates and Silver Tips For Today: 8th May

MCX Silver Tips

Silver is expected to trade with a negative bias this week on the back of weak sentiments in the global markets and dollar strength. Silver will also take cues from fall in gold prices coupled with downside in base metals complex. The daily price suggest that prices have reversed after taking resistance at 57600 levels. RSI is in a sell mode and prices are trading below short term averages. We recommend a sell around 55350 levels with a stop loss placed above 56600 levels for a target of 54100 levels.

Copper Updates

Current moves are expected to continue towards the moving average support of 432-431 initially. At the same time Inability to clear below 431 may call for a bounce back and could target 444 later. We expect copper to come under pressure during the week taking cues from rising worries over global economic growth which has created demand concerns for the industrial metals. Additionally, deepening tensions with respect to Euro Zone debt crisis and a stronger dollar will also act as a negative factor for red metal prices.

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MCX Silver Tips and Gold Updates For Today: 2nd May '12

MCX Silver is trading in a consolidate pattern today, Today it started with 55325 level. It is trading at 55396 level. On technical charts mcx silver is looking down in day trading terms. It has a strong resistance at 57000 and a strong support at 54300. There are more posibilities that mcx silver will met its support levels today. So we advised you to sell mcx silver july contract around 55500 with a stoploss of 56200 to meet the target of 54000 in intraday terms.

MCX Gold is in a good position. Yesterday it cloesd it trading with a bull trend. Today seems that it may trade in a consolidate trend. It may get its higher position if it will get its first resistance at 29500 else it could get its down trend if it touch its support level at 28900. We suggest to sell MCX Gold jun at higher levels.

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MCX Silver For Today, Commodity Live Updates

Silver ready shot up by Rs 400 to Rs 56,900 per kg on rising demand from jewellery and coins makers. Silver weekly - based delivery rose by Rs 90 to Rs 55,965 per kg. Silver coins continued to be asked at previous level of Rs 65,000 for buying and Rs 66,000 for selling of 100 pieces.

courtesy: Financial Express

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MCX Silver Updates (Tips and Trend) For Today: 1st May '12

Trend updated for 1st may '12. CMP-55303, it was fell by more then 1% in its last trading session. Overall trend of the Silver is bearish for medium-long term, although it has a good momentum and good trading volume in it. Currently Silver is in strong downtrend. The open interest is not increasing with trend. The oscillator is showing BUY signal For short term Silver is in HOLD SHORT position. Positionally Immediate support for Silver is 54208. Resistance for the Silver is 56207-56393-56463.

Short term and Intraday Level of SILVER

Currently silver is in area of long term. One can go long in MCX Silver. So we advised to long term traders to go long with Currently Silver market conditions. Silver is moving sideways so short term investor better to buy only above 56196 with stop at 54426.

The oscillator is showing BUY signal Intraday Trend-

Buy is advised above 56072 with a stop at 55215, Below 55070 go for sell.

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MCX Silver Tips For Today: 17th March '12

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MCX Silver Trend-

MCX Gold Ended with a small bullish trend in the domestic market, while silver has declined strongly. Light edge with gold on MCX is trading at Rs 27783, while silver has fallen by nearly 1.5 per cent on friday. Rolled around 1 per cent of the gold in the international market, while silver has broken more than 1 per cent on friday. Gold was largely unchanged on Friday, but posted its second-biggest weekly decline this year due to an early week drop after the Federal Reserve withheld additional easing amid a string of encouraging US economic data. Slowdown in the international market in gold, while silver is still intact in the fall.

Silver May 12 contract was up by 0.13% to Rs 57,232 per kg, SilverM April 12 contract was up by 0.13% to Rs 57,334 per kg and SilverMIC April 12 contract was up by 0.10% to Rs 57,334 per kg. According to our reports it is not a right time to enter in mcx silver.

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NCDEX Today : 31th Dec '11, NCDEX Chana, NCDEX Jeera

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NCDEX Chana Trend-

NCDEX Chana is looking consolidate today. It will get a bullish trend if it manages to trade above the resistance level of 3335, else below support level of 3238 it will be a down trend.

NCDEX Chana (JAN)

TREND                  Consolidate

RESISTANCE 2     3395

RESISTANCE 1     3335

SUPPORT 1           3238

SUPPORT 2           3190

STRATEGY            Sell on Higher Levels

NCDEX Jeera Trend-

NCDEX Jeera is looking bullish today. It will get more bullish trend if it manages to trade abive the resistance level of 16650, else below spport level of 15753 it will be down trend.

JEERA (JAN) 

TREND                   Bullish

RESISTANCE 2      16650

RESISTANCE 1      16324

SUPPORT 1            15753

SUPPORT 2            15425

STRATEGY             Buy on Lower Levels

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NCDEX Trend: MCX Bullion Tips and Trend For Today

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Commodity Updates:

• Gold falls, tracks equities on iran, euro zone worries.
• Oil trades near six-week high on iran threat to strait of hormuz shipping.
• Copper down on euro zone and china slowdown worries.
• Domestic oilseed complex surges up on global cues.

MCX Bullion Trend For Today-

Gold (FEB)

TREND           R 2           R 1            S 1           S 2          STRATEGY
Bearish            27810       27580        27050       26700      Sell on higher Levels


Silver (MAR)
TREND           R 2           R 1            S 1           S 2          STRATEGY
Bearish            54300       52800        49350     47500     Sell on higher Levels


Here are technical levels for NCDEX Commodities-

SOYBEAN (JAN)

TREND           R 2           R 1            S 1           S 2          STRATEGY
Consolidate     2580        2530          2435         2390     Buy on Lower Levels


GUARSEED (JAN)

TREND           R 2           R 1            S 1           S 2          STRATEGY 

Bullish             7560         7415          7130        6985       Buy on Lower Levels


PEPPER (JAN)
TREND           R 2           R 1            S 1           S 2          STRATEGY
Consolidate    33900       33230        31950     31300      Sell on higher Levels

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Commodity Outlook Today: NCDEX Tips and Trend For Today

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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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MCX Bullion (Gold and Silver) Tips and Trend for Today

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MCX Gold- MCX gold feb contract is looking more upward, today it is trading at the level of 29182.00 with the loss of 16 points. But although it is looking bullish for the short term.

Support and Resistance for gold-

Resistance 2      29500
Resistance 1      29340
Support 1           29000
Support 2           28900



MCX Silver- MCX silver is also looking bullish for the short term trading, today it is trading at the level of 57376.00 with profit of 180 points for its march contract. We suggest that buy MCX Silver for short term at low levels.

Support and Resistance for silver-

Resistance 2      58500
Resistance 1      57800
Support 1           56500
Support 2           56000

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