MCX NCDEX UPDATES AND TREND TODAY

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MCX Silver Trend :- Silver prices are expected to trade positive to the tune of 55900, prices can further move up till 56700 one can hold buying position with a stop loss below 54100.

MCX Gold Trend :- Gold prices are expected to test 30150 on higher end. However, one should remain cautious unless closes above 30180 in long position at these levels. oscillators are suggesting a positive move ahead. 

MCX Nickel trend - Nickel prices washed out all the gains and ended lower, one can witness a down move till 930. For intraday one can sell around 955 – 958 with a stop loss above 967. 

Copper trend :- 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. 

NCDEX pepper trend :- Pepper prices zoomed both in the local cash market and commodity bourses on strong buying support. The NCDEX Pepper for the June delivery was facing resistance at Rs.40400-40450 per quintal during the last few sessions. Technically, the NCDEX Pepper for the July delivery is likely to find next resistance at Rs.40800, Rs. 41500 and support is at Rs. 40300, Rs. 40030 per quintal. 

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