Monday, November 28, 2011

commodity MCX and NCDEX tips

MCX tips:
Crude oil and base metals, including gold silver all seen bullish. Last week there was selling pressure on gold and silver. but today both closed positive.
MCX Outlook:
GOLD(DEC) Gold is consolidate trend, Gold outlook Resistance 28930 and above this levels 29200 else Support: 28530 and below this levels 28250. and MCX SILVER (DEC) also is consolidate trend, Silver outlook Resistance: 56900 and above this levels 5800 else Support: 54000 and below this levels 52800.
MCX CRUDE OIL (DEC) trend is Bullish trader may buy crude oil above 5140 else sell crude oil and below 5010.

Today in commodity market is seeing action in red pepper. Red pepper is looking down today and in NCDEX market cumin and turmeric was in moderately fast.
NCDEX Outlook:
TURMERIC(DEC) trend is consolidate trend, trader may buy turmeric RESISTANCE: 4825 and above this levels 4910 else sell gold SUPPORT: 4680 and below this levels 4590.
GUARSEED(DEC 11) is consolidate trend, trader may buy guarseed RESISTANCE : 5160 and above this levels 5250 else sell guarseed SUPPORT : 4990 and below this levels 4880


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