Live MCX Commodity Tips For 2nd April '12

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MCX Gold Tips

MCX Gold June as seen in the weekly chart above has initially moved sharply higher but found very strong Resistance at 28880 levels. Later prices fell sharply towards 28501 levels and finally closed marginally lower from the previous weeks closing levels.

MCX Silver Tips

MCX Silver May as seen in the weekly chart above has initially moved higher, and as expected found very good resistance at 57949 levels. Later prices fell sharply towards 56401 levels, and finally closed lower from the previous weeks closing levels.

Trading Call: Sell MCX Silver May below 57130, Stoploss: 58051, Target: 56200-55900.

MCX Copper Tips

MCX Copper April as seen in the weekly chart above has initially moved sharply higher, and as expected found strong resistance at 440.40 levels. Later prices fell sharply towards 428.60 levels and finally closed marginally lower from the previous weeks closing levels.

Trading Call: Sell MCX Copper April below 434.90, Stoploss: 439.50, Target: 427-422.

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Due to lack of clear signals from the international market, gold and silver is being witnessed in the weak business. Light falling on MCX gold is trading down to Rs 28076. Silver on MCX has recovered slightly and was trading below Rs 56795.

Spot gold has fallen below the 200-day simple moving average again and formed a death cross, a technical sell sign, for the second time in less than four months.

This could be a more reliable sell signal than the death cross that appeared in mid December and point to a bearish 2013 for the gold market because a repeat death cross can indicate that the market is ready for a sharp correction.

Taking cues from rise in gold prices coupled with upside in base metals pack, spot silver rose around 0.6 percent till 4.30 pm IST today. Additionally, weakness in the US dollar index also acted as a supportive factor for the white metal prices.

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NCDEX Chana Tips

Inability to sustain above 3647 may see a lower correction towards 3540 followed by 3510 levels. Chana futures closed nearly flat after reversing initial losses as fears of a decline in output in the current season outweighed arrival pressure. It has a consolidate trend today.

We suggest to Sell NCDEX Chana (Apr) below 3643, Target: 3600-3550, Stoploss: 3670.

NCDEX Jeera Tips

Jeera April futures prices are expected to trade slightly positive on extended recovery during early trading hours. However, overall trend is still weak which might limit sharp gains during the day. We expect to see a short covering rally towards 12500 levels for the day. It has a bearish trend today.

We suggest to Sell NCDEX Jeera (Apr) below 12245, Target: 12050-11900, Stoploss: 12280.

NCDEX Pepper Tips

Pepper Apr ncdex: After a major selloff happened yesterday, prices bounced back from the downside support of 39200 levels. If prices break and sustain above 41500 then a bullish momentum may reestablish in the counter, which could guide prices higher towards 43500/45100 levels. However, weakness is seen only below 40000 levels. It has a bull trend today.

We suggest to Buy NCDEX Pepper (Apr) above 40850, Target: 41200-41600, Stoploss: 40650.

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Counter has established a major weakness and likely to persist with an objective of 5240/5190 or even further. However, in this dreary state voluminous trade above 5344-50 region could question our intraday weakness and push prices towards 5385/5410 for a pullback. Turn around level seen at 5425 region. Crude Oil suggest that prices have given a breakdown from the rising channel formation. MACD is in a sell mode. We expect prices to correct up to levels of 5240.

Free MCX Tips-

MCX Crude oil Apr: Sell around 5320 levels with a stop loss placed above 5360 levels for targets of 5240 levels.

MCX Natural Gas April: Sell around 111 levels with a stop loss placed above 114 levels for a target of 107 levels.

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MCX Gold Tips

Intraday penchant probably moving with a negative aspect targeting 27980/27930 or even lower 27800. Even in this bearish sentiments, unexpected move above 28300 region could claw back buying interest with an objective of 28400/28480 or even elevate to 28550

Trading Call: Buy around 28150 levels with a stop loss placed below 28050 levels for targets of 28425 levels

MCX Silver Tips

Probably a range trading session inside 58000-56100 is being expected for the day. Either side breakout would confirm fresh directional moves later. MCX Silver suggest that prices have reversed after taking support at 56500 levels. Stochastic is in a buy mode. We expect prices to go up to levels of 57500.

Trading Call: Buy around 56800 levels with a stop loss placed below 56400 levels for targets of 57500 levels.

MCX Copper Tips

Copper prices are holding the middle bollinger band on closing, can test 434- 435 on higher end which seems a good resistance for the metal. Oscillators indicating range bound move ahead. MCX Copper has a intraday support at 426 and a resistance at over 435.

Trading Call: Buy around 431 levels with a stop loss placed below 428 levels for targets of 435 levels.

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MCX Bullion Trend

MCX Gold (April) Prices have support at Rs 28,030/10gms and resistance at Rs 28,250/10gms.

MCX Silver (May) : Prices have support at Rs 56,300/kg and resistance at Rs 57,000/kg.

MCX Tips

MCX Gold April:

Buy around 28,100 levels with a stop loss placed below 28,000 levels for targets of 28,425 levels.

MCX Silver May:

Buy around 56,500 levels with a stop loss placed below 56,000 levels for targets of 57,500 levels.

MCX Crude April:

Buy around 5,390 levels with a stop loss placed below 5,350 levels for targets of 5,440 levels.

MCX Natural Gas April:

Buy above 118 levels with a stop loss placed below 116.50 levels for a target of 121 levels.

MCX Copper April:

Buy above 431 levels with a stop loss placed below 428 levels for targets of 435 levels.

MCX Nickel March:

Sell around 900 levels with a stop loss placed above 910 levels for targets of 885 levels.

MCX Lead March:

Buy above 101 levels with a stop loss placed below 100 levels for targets of 103 levels.

MCX Zinc March:

Sell around 101.70 levels with a stop loss placed above 102.50 levels for targets of 100 levels.

Gold Silver Updates, MCX Silver Tips For Today: 29th March '12

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MCX Gold Tips

Our Commodity report suggest that Gold prices are taking support near a crucial support of 28100. Stochastic has given a positive crossover. We expect prices to go up to levels of 28425.

Trading Call: Buy around 28100 levels with a stop loss placed below 28000 levels for targets of 28425 levels.

MCX Silver Tips

MCX Silver suggested that prices are trading close to a crucial support of 56500. Stochastic has given a positive crossover. We expect prices to go up to levels of 28425.

Trading Call: Buy around 56500 levels with a stop loss placed below 56000 levels for targets of 57500 levels.

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NCDEX Jeera Tips

We expect to see a short covering rally towards 12500 levels for the day. It has a bearish session today We suggest to Sell Jeera (Apr) below 12000, For Target of 11900-11800, Stoploss: 12090.

NCDEX Chana Tips

Chana futures shed more than 2 percent as new crop arrivals picked up. Arrivals of Chana in Madhya Pradesh and Rajasthan, the top two producing states, are likely to reach peak levels next week. It has a consolidate trend today.

We suggest to Sell Chana (Apr) at 3642, For Target of 3600-3550, Stoploss: 3670.

NCDEX Pepper Tips

NCDEX Pepper has a bullish session today. Pepper futures dropped as high prices in the spot market dented export and domestic demand. In the Kochi spot market in Kerala, pepper fell 573 rupees to 40,206 rupees per 100 kg. Industry officials estimate 43,000-45,000 tons of local pepper output in 2012, compared with 49,000 tons last year.

MCX Commodity Updates For Today: Gold Silver Trading Tips

MCX gold and silver remains in the idling position. With a marginal decline on MCX gold is trading around Rs 28100. A trade Below the support level of 28050 may invite further decline in Gold prices.

At the MCX, silver has also declined to Rs 56450 and traders are advised to sell silver bleow 56350 for the target of 56000-55750-55500.

Coming to the energy commonalities, Crude oil is trading at Rs 5,400 with slight positiveness on the board. Base metals are red in the domestic market. Copper prices are likley to decline further below 425.50.

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NCDEX Pepper Tips

Pepper: Pepper April futures prices are expected to trade volatile with biased towards down side on back of sluggish spot market activity. Most of the bulk buyers are staying away from market due to prevailing uncertainty in prices. According to trade sources, most of the traders are not buying currently due to financial year closing.

Now NCDEX Pepper has a resistance levels of 42533 and a support level of 40733. Buying activities are expected to pick up from early April as the industrial buyers are expected to become active.

NCDEX Chana Tips

Chana futures rebounded on short covering after falling sharply in the last few sessions. Arrivals of Chana in Madhya Pradesh and Rajasthan, the top two producing states, are likely to reach peak levels next week. In the Delhi spot market, Chana prices fell 5 rupees to 3,500 rupees per 100 kg.

NCDEX Chana has a support at 3588 and a resistance level at 3784. Buying activities are expected to pick up from early April as the industrial buyers are expected to become active.

NCDEX Tips

NCDEX Jeera (Apr):

Buy above 12000, Target: 12200-12400, Stoploss: 11830.

NCDEX Turmeric (Apr):

Buy Above 4230, Target: 4290-4350, Stoploss: 4160.

NCDEX Cardamom (Apr):

Sell Below 1155, Target: 1130-1100, Stoploss: 1175.

NCDEX Soya bean (Apr):

Buy above 3000, Target: 3025-3050, Stoploss: 2985.

NCDEX Mustard seed (Apr):

Sell below 3900, Target: 3860-3820, Stoploss: 3922.

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Copper fell for the first time in three sessions, after reports that the US economy is on firmer footing, which pushed the dollar up and weakened the case for additional economic stimulus. Copper futures for May delivery closed slightly down at $3.88 per pound on the COMEX of the New York Mercantile Exchange. 

MCX Copper may note some decline tracking international exchanges however the downside remains capped. Now MCX Copper has a support at 419 and a resistance level on 444.

MCX Commodity Tips

MCX Gold April: 

Sell at Rs 28,350 - 28,400 with stop loss Rs 28,535 and target Rs 28,200 and 28,100.

MCX Silver May: 

Sell at Rs 57,500 - 58,000 with stop loss Rs 58,500 and target Rs 56,500 and 56,000.

MCX Crude April: 

Sell below 5,450 levels with a stop loss placed above 5,510 levels for targets of 5,350 levels.

MCX Natural Gas April: 

Buy around 118 levels with a stop loss placed below 116.50 levels for a target of 121 levels.

MCX Copper April:  

Sell around 436 levels with a stop loss placed above 440 levels for targets of 431 levels.

MCX Nickel March:  

Sell below 900 levels with a stop loss placed above 910 levels for targets of 885 levels.

MCX Lead March:  

Sell around 102 levels with a stop loss placed above 103 levels for targets of 100.80 levels.

MCX Silver Tips and MCX Updates For Today

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Gold in the domestic market - the first decline in silver intact. 0.22 per cent down on MCX gold is trading at Rs 28203, while silver fell by 0.30 to Rs 57180, with levels being seen. Comaks on the gold - silver is not to stop the decline.

Spot gold prices were little changed, after buckling under a stronger dollar in the previous session as U.S. data tempered concerns of more stimulus from the Federal Reserve. Spot gold was little changed at $1,680.24 an ounce. Spot gold is currently trading at $1679.40. MCX Gold April is currently at 28256, it is trading down by 24 points for the day. Comex Silver is currently trading at $32.51 whereas MCX Silver May is currently trading at 57303, it is down by 102.

MCX Commodity Tips

MCX Gold (Apr)

Sell Gold below 28210 for the target of 28165-281000, with a stoploss of 28300.

MCX Silver (May)

Sell silver below 57200 for the target of 56700-56200, with a stoploss of 57900.

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NCDEX Pepper Tips

Pepper Apr ncdex: Broad bias is still in the positive side, but major upside movement is possible only above 42700, which may retest prices towards 43500 followed by 44000/44580 levels. Conversely, on the lower side, if prices cut the support at 40500, may see downside towards 40000 followed by 39580 levels in the near term.

NCDEX Jeera Tips

Jeera futures fell to a fresh contract low due to mounting supplies in the spot market amid expectations of higher production. NCDEX Jeera (Apr) contract is trading in a bearish pattern again. We expect continuation of prevailing weakness as long as prices stay below 12350 levels. Supports: 11750/11500. 

We suggest that sell NCDEX Jeera (Apr) Below 11950, Target: 11700-11500, Stoploss- 12010.

NCDEX Chana Tips

NCDEX Chana (Apr) is trading in a consolidate pattern after getting a long bull session. Indian Chana futures closed down on increased supplies from the new season crop in spot markets. In the Delhi spot market, chana fell 106 rupees to 3,504 rupees per 100 kg. 

We suggest to sell Chana (Apr) Below 3700, Target: 3650-3600, Stoploss- 3735.

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Gold Silver Updates

Gold futures may continue its upside momentum and can test 28,500 and silver 58,500 in near term but some profit booking at higher level cannot be denied. Gold edged down on Tuesday as it consolidated after its biggest daily gain since late January in the previous session when the U.S. Federal Reserve signaled it would keep interest rates low. A weaker U.S. dollar also supported gold after Federal Reserve Chairman Ben Bernanke said ultra-loose monetary policy was still needed to reduce unemployment even though the U.S. economy has shown signs of improvement, raising hopes of another round of quantitative easing.

MCX Commodity Tips

MCX Gold April: Buy around 28,400 levels with a stop loss placed below 28,300 levels for targets of 28,600 levels.

MCX Silver May: Buy above 57,800 levels with a stop loss placed below 57,300 levels for targets of 59,000 levels.

MCX Crude April: Sell below 5,470 levels with a stop loss placed above 5,510 levels for targets of 5,370 levels.

MCX Natural Gas March: Sell around 114 levels with a stop loss placed above 116 levels for a target of 111 levels.

MCX Copper April: Sell around 439.50 levels with a stop loss placed above 443 levels for targets of 435 levels.

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MCX Gold Tips

MCX Gold (Apr) prices are expected to trade higher to the tune of 28550 -28500. We recommend to buy on dips around 28280 -250. Prices should hold the support at 28100 on lower end. Prices were seen hovering in a positive territory, even though early trade possibly to take an edge down and such initial moves likely to find support at 28200 region for a roll back towards 28400/28490 or even higher.

MCX Silver Tips

MCX Silver (May) prices have started a new move on the upside and now the rally is expected to continue still 58300 initially followed by 58900/60000. however a direct dip below 56800 would be an early signal of renewed selling pressure. Silver prices are expected to test 58600-58800 on higher end. One should buy on dips around 57400. Oscillators are turning up.

Copper Updates

Our report suggest that Copper prices are taking resistance close to the previous top which is 440 levels. Stochastic is loosing its strength. We expect prices to correct up to levels of 435. Now Copper Prices have support at Rs433.50/kg and resistance at Rs442/kg.

MCX Commodity Tips

MCX Gold

Trading Call: Buy around 28400 levels with a stop loss placed below 28300 levels for targets of 28600 levels.

MCX Silver

Trading Call: Buy above 57800 levels with a stop loss placed below 57300 levels for targets of 59000 levels.

MCX Crude Oil

Trading Call: Sell below 5470 levels with a stop loss placed above 5510 levels for targets of 5370 levels.

MCX Copper

Trading Call: Sell around 439.50 levels with a stop loss placed above 443 levels for targets of 435 levels.

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MCX Crude Updates

Prices seen trading firmly so far this day. So in the evening session counter likely to continue positive move towards 5545/5580 or even higher. Alternatively, a break below 5470 region could scale down prices towards 5445 region for a swing higher. Major weakness seen only below 5420 region. Crude oil prices have given a breakout from a symmetrical triangle. Daily stochastic is building strength and prices are trading above short term averages. We expect prices to go up to levels of 5,550 levels. We recommend a buy around 5,450 levels with a stop loss placed below 5,380 levels for a target of 5,550.

MCX Copper Updates

Expect to move up and find resistance at 437/439 or further more as long as prices stay above 431. Unexpected sell off below 429 could negate our intraday bullish expectations and take prices lower. Copper prices are trading close to a crucial resistance of 434. MACD is loosing its strength. Immediate support is 429 levels where the short term averages are placed. We recommend a sell below 429 levels with a stop loss placed above 440 levels for a target of 415 levels

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NCDEX Chana Tips

Chana prices are expected to remain under downside pressure on fears of government intervention to curb rising prices which had gained more than 30% since the commencement of arrivals from mid January. A major trend line support is seen at 3685, any voluminous break below the same can expect a lower correction towards 3647 followed by 3610 levels for the day.

Trading Call: Sell NCDEX April Chana between 3740-3750, SL-3835, target 3600/3550.

NCDEX Pepper Tips

Pepper Apr ncdex: The day’s trend probably will be a positive mood, as long as prices are able to stay above 22 day EMA support of 40500 levels. But the major upside movement is possible only above 43500 which may test key resistances of 44000 and 44800 levels. Conversely, major weakness may see only below 40000 levels for the day

Trading Call: Sell NCDEX April Pepper between 42500-43000, SL-45150, Target 39000/38000.

NCDEX Jeera Tips

Jeera April futures prices are expected to continue the down trend on back of prevailing bearish fundamentals across the spot market. Poor domestic demand along with rising arrivals at spot markets are keeping bulk buyers away from market and thus pressurising the prices to trade down. We expect continuation of prevailing weakness as long as prices stay below 12350 levels. Supports: 11850/1150.

Trading Call: Sell NCDEX April Jeera between 12000-12100, SL-12835, Target 11000/10500.

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The daily price chart suggest that prices have given a breakout from a symmetrical triangle. Daily stochastic is building strength and prices are trading above short term averages. We expect prices to go up to levels of 5550 levels. 

NYMEX nearly 1 per cent on crude oil is traded, the price is above 106 dollars a barrel. Grel 0.25 per cent in the last week, crude oil vas down to Rs 5485. Oil traded near the highest level in two days in New York before data this week that may show a strengthening U.S. economy, signaling rising fuel demand in the world's biggest crude-consuming nation. 

Futures were little changed after climbing 1.4 percent on March 23. Manufacturers in the U.S. probably received more orders for durable goods in February and consumer purchases climbed the most in five months, economists said data this week will show.

We recommend a buy around 5450 levels with a stop loss placed below 5380 levels for a target of 5550.

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MCX Gold Trend

Gold is expected to trade lower during the week, taking cues from expected strength in the US dollar coupled with poor market on account of deepening worries over global economy.

However, depreciation in the Indian Rupee may cushion sharp downside on the domestic bourses

MCX Gold April: Support 27851/27595 Resistance 28255/2841

We recommend a buy above 28200 levels with a stop loss placed below 28000 levels for a target of 28700 levels.

MCX Copper Updates

Rising uncertainty with respect to global economic growth may affect demand for industrial metals. Additionally, strength in the US dollar will also exert further downside pressure on copper prices. However, fall in the red metal inventories may cushion sharp decline in prices.

Weakness in the Indian currency may provide support to the metal prices on the domestic platform.

MCX Copper Support 428.20/424.10 Resistance 436/440(CMP: 434.10).

MCX Silver Tips

The daily price chart suggest that prices have reversed after taking support of 56000 levels. Prices are currently trading close to a crucial resistance 57400. RSI has given a positive crossover.

We recommend a buy above 57400 levels with a stop loss placed below 56000 levels for a target of 59200 levels.

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MCX gold and silver continues to slow. 0.04 %, with strong gold is trading at Rs 28109. Silver has reached 0.11 % per cent to Rs 56500. MCX crude oil has nearly 0.18 per cent and is trading at Rs 5489. The consolidation of 0.5 per cent on MCX Copper is trading at Rs 432.05.

We advise investors to

MCX gold (April futures): Buy - 28150, stoploss of Rs - 28000 and the target - 28290

MCX mentha oil (April futures): Sell - 2200, stoploss of Rs - 2290 and the target - 2000

MCX Natural Gas (April futures): Buy above 125, Stoploss of Rs -122 and the target - 128-130

MCX Copper Updates and Trend For Today

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MCX Copper may note some gains tracking international exchanges however the bias remains negative. LME copper trades higher in early trades today after noting sharp gains yesterday. Prices may seek support from improving pace of recovery in US and expectation of tightness in physical markets amid falling stocks at LME and supply constraints. Copper stocks at LME warehouses continued to decline and fell by 2,875 tons yesterday to hit the lowest level since July 2009 while cancelled warrants hovered near 32%, signaling strong physical demand. However persistent worries over weakening demand from China and rising stocks at SHFE warehouses are capping the upside. Further prices may come under pressure amid growing fears of recession in Euro Zone, weakness in global equities and firmness in US Dollar. Prices may further track economic releases and its impact on movement in global equity and currency markets. As for today, focus will be on US New Home Sales. Support for April copper is seen at Rs.426 while resistance is seen at Rs.436.

courtesy: myiris.com

NCDEX, NCDEX Tips and Trend For Today: 24th March '12

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NCDEX Pepper Tips

Pepper prices turned lower in sync with 2.9% decline in Vietnam markets. Turmeric slipped marginally while holding above Rs4,250. pepper prices moved with bears and for the day weakness may continue towards 40000 followed by 39580 levels. NCDEX Pepper Apr contract is looking bullish for its intraday trading session. Now it has a resistance of Rs. 44500 and a support level of Rs. 41000. We suggest that an intraday trader should Buy Pepper on its lower levels.

NCDEX Chana Tips

Chana prices ended lower by 4 percent on fears of a possible government intervention to curb the surge in the prices. In the Delhi spot market, Chana rose 20 rupees to 3,720 rupees per 100 kg. NCDEX Chana Apr contract is looking bullish for its intraday trading session. Now it has a resistance of Rs. 3900 and a support level of Rs. 3680. We suggest that an intraday trader should buy Chana on its lower levels.

NCDEX Jeera Tips

Jeera futures fell to a new contract low due to mounting supplies amid higher estimated production. In Unjha, a key trading market in Gujarat, Jeera fell 12.5 rupees at 12,748.5 rupees per 100 kg. NCDEX Jeera Apr contract is looking bearish for its intraday trading session. Now it has a resistance of Rs. 12450 and a support level of Rs. 11800. We suggest that an intraday trader should Sell Jeera on its higher levels.

Copper Updates For Today: 23rd March '12

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Copper was the top performer amongst the base metals pack on the LME today, as the metal rose almost 1 percent on the LME and around 0.5 percent on the MCX till 4.30 pm IST today. MCX Copper may note some gains tracking international exchanges however the upside remains capped. Weakness in the US dollar coupled with decline in copper Shanghai inventories acted as a positive factor for the red metal prices. MCX Copper may trade in range of 428-435 while lead can trade in range of 101-103.50 and zinc in range of 101.50-103.50. Copper futures settled down 2% as a darkening outlook on Chinese demand and global economic growth compounds pressure from a stronger dollar and weaker U.S.

Trading Strategies For Today

MCX Gold April: Buy around 27,850 levelr with a stop loss placed below 27,700 levels for targets of 28,100 levels.

MCX Silver May: Sell around 56,800 levels with a stop loss placed above 57,200 levels for targets of 56,000 levels.

MCX Crude April: Sell around 5,450 levels with a stop loss placed above 5,475 levels for targets of 5,400 levels.

MCX Natural Gas March: Buy around 119 levels with a stop loss placed below 117 levels for a target of 122 levels.

MCX Copper April: Buy above 431 levels with a stop loss placed below 428 levels for targets of 435 levels.

MCX Lead March: Buy above 103 levels with a stop loss placed below 102 levels for targets of 105 levels.

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Copper Updates

Base metals is quite volatile. Copper, aluminum and lead are strongly seen. While on MCX Nickel is a declining trend.

The consolidation of 0.5 per cent on MCX Copper is trading at Rs 432.50. Lead and zinc also declined 0.5 per cent to Rs 102.40 and Rs 102.85 respectively are traded. Aluminum has a slight edge, but nickel is trading at Rs 942.80 to close 0.5 per cent fall.

In MCX Copper our analyst suggest that prices are taking support on the top to top rising trend line. Stochastic is in a buy mode. We expect prices to go up to levels of 435 if the prices trades above 431 levels.

MCX Commodity Tips

MCX Copper Tips

Trading Call: Buy above 431 levels with a stop loss placed below 428 levels for targets of 435 levels.

MCX Silver May

Trading Call: Sell around 56800 levels with a stop loss placed above 57200 levels for targets of 56000 levels.

MCX Gold Apr

Trading Call: Buy around 27850 levels with a stop loss placed below 27700 levels for targets of 28100 level

MCX Crude Oil

Trading Call: Sell around 5450 levels with a stop loss placed above 5475 levels for targets of 5400 levels.

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NCDEX Pepper:

Pepper April futures prices are expected to trade slightly lower on extended corrections. At spot front traders who were holding back earlier, are now selling their stock due to increased tax from 4% to 5% which is creating pressure on prices. However, arrivals at terminal market are still lower as traders from Tamil Nadu are directly buying from growers.

NCDEX Jeera:

Jeera April futures prices are expected to trade lower on back of rising supplies across the spot markets. Poor demand at domestic market might also weigh on prices. Bulk buyers and exporters both group are staying away from heavy buying due to continuous fall in prices. As per markets sources, arrivals at spot market of Unjha were reported around 38000 bags against 45,000 (1 bag=60Kg.)

NCDEX Tips For Today's Trading-

Commodity	Strategy	Levels	Target 1	Target 2	Stop-Loss	Trend*
Pepper (Apr)	Sell	Below 42100	41800	41500	42280	Up
Jeera (Apr)	Sell	Around 12200	11900	11500	12400	Down
COCUDAKL (Apr)	Buy	Around 1335	1355	1380	1322	Consolidate
Turmeric (Apr)	Sell	Around 4350	4300	4250	4375	Down
Chana (Apr)	Sell	Below 3875	3840	3800	3905	Consolidate
Cardamom (Apr)	Buy	Above 1225	1260	1300	1205	Up
Soya bean (Apr)	Buy	2875-2880	2910	2950	2860	UP
Soya oil (Apr)	Buy	Around 732	736	740	729.5	Up
Mentha oil (Mar)	Buy	Above 2200	2230	2260	2180	Consolidate

 

Copper Updates, Free Commodity Tips For Today

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Copper Updates

After consolidating for the last few days, prices have cleared the recent swing support of 428.50 in the early session. Looking ahead prices have more room for further sell off towards 425 followed by 421/417 levels. It has to trade consistently above 436 to dent our bearish expectations.

Copper prices are expected to trade within the range from 433 – 426, one should trade within the range. Oscillators are in positive territory.

MCX Gold

Trading Call: Buy around 27850 levels with a stop loss placed below 27700 levels for targets of 28100 levels.

MCX Silver

Trading Call: Sell around 56800 levels with a stop loss placed above 57200 levels for targets of 56000 levels.

MCX Crude Oil

Trading Call: Sell around 5450 levels with a stop loss placed above 5475 levels for targets of 5400 levels.

MCX Copper Tips

Trading Call: Buy above 431 levels with a stop loss placed below 428 levels for targets of 435 levels.

Gold Silver Updates: MCX Tips for Today

MCX Gold and Silver are trading slow with negatively biased movement. Silver (Futures) prices have started declined and with nearly 0.30% decline, MCX Silver is trading near 56700 level. Prices are likley to remain in consolidation to downward trend for a while. One can buy silver above 56850 for the targets pf 57000-57300. Major resistance is seen near 57500 above which prices may touch 58000-58200 level. Below 56350, selling is recommended.
Gold futures prices may decline in the evenign trade. So one can go for sell in MCX Gold Today.

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MCX Gold Trend

Intraday weakness seen only by a solid breakout below 27730 region and such moves could find support at 27640/500 or even lower towards 27350. But failed attempts to break 27730 region may lure buying interest firstly towards 27920/28080 or even higher towards 28200.

MCX Silver Trend

To maintain a positive bias, prices still need to win over the upside hurdle of 57600 region and such moves could test upside region of 58200/58700 or even higher towards 59300. Conversely, a vertical fall below 56300 region may scale down prices towards 55800/55000 or even lower to 54600.

MCX Copper Trend

The auxiliary weakness is likely to find support near 430/429 region for a turn higher towards 435, above this level could see prices pushing higher towards 438/440 territory. Major weakness could creep in below 428 region targeting 426/424 area.

MCX Crude Trend

As long as 5435 region caps upside, expect prices to trade lower towards 5380 region. Break above the same could see prices targeting 5475/5500 region. On the contrary, fragment past 5375 region could see prices revisiting lows of 5350/5325 region.

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NCDEX Jeera Tips

Arrivals of jeera crop declined marginally below 40,000 bags while trades increased to about 38,000 bags at auctions held at Unjha market. Spot rates for new crop declined to 126-128 per kg while old crop was sold at 118-120 per kg, as per local traders.

Trading Call: Jeera (Apr) Sell Below 12250, Target: 12050-11800, Stoploss: 12370.

NCDEX Chana Tips

Chana futures witnessed a highly mixed to weak trade during the last trading session. It opened weak followed by sharp buying marking a days high in initial hour of trade followed by sharp profit booking. Sharp selling lead the prices to end the day on a weak note. Key spot market witnessed mixed trade with key markets of Bikaner witnessing an up move of Rs. 15, whereas key market of Delhi witnessing down move of Rs 32.5.

Trading Call: Chana (Apr) Sell Below 3770, Target: 3735-3700, Stoploss: 3795.

NCDEX Pepper Tips

Pepper Apr ncdex: If prices hold the support region of 42000, i.e. the 45 day EMA, then a reactionary rally can be expected towards 43000 followed by 43500, We expect major falls only if a break occurs below 41800 towards 41210 followed by 40000 levels. Conversely on the higher side, prices must stay above the 44000 levels to resume a fresh uptick towards 44720/45100 in the near term.

Trading Call: Pepper (Apr) Sell Below 42400, Target: 42000-41600, Stoploss: 42620.

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MCX Gold Silver Tips

Despite the support of currency gold remains below Rs 28,000. What is certain is that the market analysts were talking of last year, gold up, gold down in the target are the same today. So the big question now arises whether gold is down gracefully.

Gold prices are witnessed a bounce back from the support at 27700-750, as long as prices are holding above 27700 on closing basis prices are expected to trade positive.

Silver prices have broken the important support at 57000 on closing basis,which seems to be negative for the white metal. One should sell on rise around 56800-57000. we recommend to exit long position. Oscillators are heading down.

Trading Call: Buy MCX Gold above 27850 level with a stop loss of below 27700 level to get target of 28100 levels.

Trading Call: Sell MCX Silver below 56800 level with a stop loss of above 57200 level for targets of 56000 levels.

Copper Updates

Copper prices are hold the support at the middle Bollinger band. Prices are expected to test 435 -436 on higher end. Maintain a stop loss below 426. Oscillators are in positive territory. Our Technicle report suggest that prices have reversed after taking support at 428 levels. Stochastic is in a buy mode. We expect prices to go up to levels of 435.

Trading Call: Buy MCX Copper above 431 levels with a stop loss placed below 428 levels for targets of 435 levels.

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MCX Gold Silver Updates

The price had a retest of trend line resistance C at Rs.28 500 level but failed to breach it to the upside. The 14-period RSI is at trend line resistance below the 50 mark which indicates short-term bearish momentum. MCX silver in range of 57000-58000. Comex gold futures prices ended the U.S. day session higher in quieter trading Monday. The market saw short covering and bargain hunting buying interest and is working to consolidate recent price action on the charts.

Trading Call - Go short in MCX Gold at Cmp of 27850, target Rs.27170, stop loss above- 28510.

MCX Crude Updates

Nymex crude oil prices declined around 0.9 percent today on the back of easing concerns over global supply and a rise in China’s fuel prices which increased oil demand concerns from the country. Additionally, a stronger dollar and expected rise in US crude oil inventories also acted as a negative factor for oil prices. As long as 5475 region caps upside, expect prices to trade lower towards 5425/5400 region. Break above the same could see prices

targeting 5500/5545 region. On the contrary, splinter past 5380 region could see prices revisiting lows of 5350/5325 region.

MCX Copper Updates

A flat trading range is expebted today. Early attempts to rise could be capped at 434-435 region, but may not force steep falls as long as 429 hold the downside. Conversely a direct rise above 436 will have a potential towards 441/444 levels. Copper for three-month delivery declined, reversing a gain of

0.3 percent, on the London Metal Exchange. The metal fell 0.2 percent to $8,494.50 a metric ton.

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NCDEX Chana

Chana futures eased on higher arrivals from the new season crop in the physical market. In the Delhi spot market, Chana fell 129 rupees to 3,600 rupees per 100 kg. The new season arrivals in Madhya Pradesh and Rajasthan states, the top two growers, are rising and could drag down prices.

NCDEX Guarseeds

Guar futures rose 4 percent, the maximum permitted daily limit, to hit a record high with reduced volumes as traders struggled to buy commodity amid negligible arrivals and low carry-forward stocks. Traders have predicted a deficit of around 25 percent in guar seed supply in the market, which is supporting the prices at higher levels.

NCDEX Jeera

Jeera futures in India fell to a new contract low because of mounting supplies from the new season crop. In Unjha, a key trading market in Gujarat, Jeera dropped 226 rupees to 13,097 rupees per 100 kg. About 28,000-30,000 bags of 60 kg each from the new crop have been arriving daily at Unjha.

NCDEX Pepper

Pepper futures ended steady after hitting a fresh contract high as profit-taking offset lower supplies and weak stocks. Overall supplies have been low in the domestic market since the start of the season because of reduced arrivals from farmers expecting further price increases due to lower estimated output. In the Kochi spot market in Kerala, pepper rose 361 rupees to 41,686 rupees per 100 kg.

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MCX Gold April:

Yesterday it closed on 27901 and now it is trading on 27796 down by 110 points in comperison. It is looking a good bet in intraday trading. Now MCX Gold has a resistance of 28100 and a support level of 27550.

Trading Tip : Buy Around 27800 / 27825, Stoploss: 27700, Tgt: 27950 - 28050.

MCX Silver May:

MCX Silver may contract is trading at 56996 with the loss of 0.89% in comperison of yesterday's close of 57505. Now it has a support of 56050 and a resistance level of 58300. It is looking bullish in comming session.

Trading Tip : Buy Around 57300, Stoploss: 56950, Tgt: 57800 - 58100.

MCX Crude Mar:

Crude oil trading at 5468 with the gain of 0.24% in its intraday trading. It has a resistance level of 5480 and a support level of 5365. It is also looking in a bull trend in its intraday trading.

Trading Call : Buy Above 5420, Stoploss: 5400, Tgt: 5450 - 5480

MCX Copper April

MCX Copper is also looking bullish in intraday trading. It is trading at 430 down by 1.00%. Now it has resistance level of 440 and a support level of 423.

Trading call : Buy Around 433.5, Stoploss: 429, Tgt: 437 - 439.

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MCX Gold Silver Updates

In today's gold market - has started dull silver. Lethargy on MCX gold is trading at Rs 27884, while the dull silver with a turnover of Rs 57296 level is seen. Edge on the international market in gold, while silver is the slowdown in the trend. International market, gold - silver is traded on the edge. Comex half per cent on gold with the dollar trading at 1664, while silver has seen nearly half a per cent, while prices are above $ 32. With the slowdown in the domestic market last week.

Crude Updates

Crude oil is beginning to weaken today. Slight edge in the domestic market with crude oil is trading at Rs 5434. The Naimaks ended has seen in the raw. Naimaks crude oil is increasingly being ended, the price is above 107 dollars a barrel. Half per cent of crude oil in the domestic market last week with a gain of 5428 were Rs.

Copper Updates

Base metals started today is worse. MCX is trading at all the metals in the fall. Almost half per cent decline in zinc was the highest. Copper on the London Metal Exchange is on the decline in business. Slowdown in the domestic market last week with the Copper closed at Rs 432.

Free Commodity Tips-

MCX Gold April Sell below 27,960 to get target of 27550, put stoploss of Rs Rs 28200.

MCX Crude March Buy above 5420 to get the targe of 5530, Stoploss will be 5360.

MCX Copper April Buy above 434 to get the target of 439, Stoploss will be 430.

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MCX Gold Tips

MCX Gold prices are expected to trade in a range from 27700 to 28000, one can trade within the range.fresh buying only above close of 28000.

Trading Tip: Buy MCX Gold Apr between 27600-27700, Target: 28300, Stoploss: 27100.

MCX Silver Tips

MCX Silver broke out from the inverted head and shoulders pattern and the down trend line resistance line, however failed to sustain above these resistance levels. This kind of failures leads to opposite reaction or sideways movement. Hence, we now maintain our bias sideways to down.

Trading Tip: Sell MCX Silver At cmp 57238, Target: 53500, Stoploss: 59370.

MCX Crude Tips

MCX Crude is a triangular pattern of which wave c appears to be completed, hence it is still expected to move sideways in the triangle. However, the triangle is a symmetrical one in the wave 4 which will eventually break on the upside. The Bollinger bands have started narrowing down, once an upside breakout is in hands the bands will expand which will lead to a thrust in wave 5 up. So, we continue to maintain our bias up.

Trading Tip: Buy MCX Crude Near 5260-5300, Target: 5500, Stoploss: 5230.

MCX Copper Tips

Copper has been moving up in an upward sloping parallel channel, so it can touch the upper end of the channel i.e. 446; however the risk-reward doesn’t favor the bulls as of now. So, one can sell near 446 for the target 418 which is its 20 DMA.

Trading Tip: Sell MCX Copper Near 446, Target: 415, Stoploss: 451.

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Spices exports have jumped nearly 1 per cent. While pepper exports during April-January is about 50 per cent. Turmeric has been bouncing around 70 per cent of the exports. The nearly 220 per cent rise in exports of the different cardamom is recorded. Lekil red pepper exports about 18 per cent have seen. Similarly, export of coriander is also severely reduced.

About 2 per cent fall at NCDEX Pepper is trading at Rs 41 220. Pepper prices are expected to continue its uptrend on strong demand amid tight supply in the market. As per market source, traders and growers are holding back stocks in anticipation of a further rise in prices. Also, the arrival from Karnataka was lesser than expected. On Saturday, the spot price for garbled pepper traded at Rs.42400 per 100kg.

Turmeric has declined by 2 per cent and is trading at Rs 4,265. Defying the weak trend in spot market, turmeric futures gained. Meanwhile, prices are expected to fall further as the arrivals are likely to increase in the coming days and also carryover stocks are very high this year While on MCX cardamom with 4 per cent to Rs 1,274 is reached. Chilli on NCDEX slipped 3.5 per cent is close to Rs 5,400. Coriander is also 3.5 per cent fall turnover is around Rs 4,200.

MCX Gold Silver Tips and Crude Updates for Today

MCX Gold and silver commodities started the day with decline. With More than 1% decline Gold (April Futures) is currently trading near 27500 level. On technical charts, Gold seems to fall more below 27500 level.

On the other hand silver has also decline more than half percent and this commodity is currently trading below 58000 level. Intraday traders can sell silver around 57850 level for the targets of 57650-57500.

Crude prices may recover from initial downfall and we can expect prices to go up. Trading around 5300-5330 for tarfets of 5355-5390-5420 can be a deal of profit for Intraday traders.

MCX Gold and Silver Trend Today

After witnessing heavy downfall of nearly 1000 during last week, MCX Gold prices have been range bound for last couple of trading sessions. The trend of this precious metal on multi commodity exchange is still obscure therefore traders are still unclear about the further move of Gold proces.

Technically Gold prices are likley to remain slightly positive for the day, Trading above 28100 may trigger some short term rally. Below 27870 one can go for intraday short in MCX gold.

MCX Silver is likely to remain negatively biased as long as prices remain below 59100. A straight fall Below 58350 would invite more downside in silver.