NCDEX Commodity Market Tips and Updates| MCX Tips

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NCDEX Soybean Updates :- Weak bias continued in domestic soybean market in today’s trade session due to subdued trade activities. NCDEX Soybean Nov '12, Futures price made minor upside movement of 3.5 rupees to close at Rs 3120.5 levels. Resistance is seen at Rs 3158 levels breach of this level then it can test Rs 3196 levels. Support is witnessed at Rs 3096 violation of this could correct to next support of Rs 3072 levels. 

NCDEX maize Updates :- Maize spot prices witnessed mixed bias across the markets in today’s trade. NCDEX Maize Nov '12, futures prices tumbled by -21 rupees to close at Rs 1259 levelsResistance is seen at Rs 1277 levels breach of this level then it can test Rs 1296 levels. Support is at Rs 1247 levels and next support is at Rs 1236 levels. 

Jeera Trend :- Jeera prices are projected to extend the corrections trend during early trading session supported by on profit booking. However, overall trend is still positive amid expectations of rise in export demand for Indian jeera ahead of upcoming festival season along with reports of recent news of unrest in Syria and Turkey might cushion jeera prices at lower levels. 

NCDEX Tips :- Wheat Buy above 1518 for target of 1584 - 1615 with stop loss of 1486. 

MCX Tips Today :- copper buy intra above 434.65 with sl 433 and sell below 433 with sl 434.45 upside 436..437..438..439. 

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