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MCX Commodity Market Price And Tips :- Gold prices could bounce till 30400 whereby we expect selling pressure to continue. Expected price range for the day 30400 – 30000. Silver prices are expected to bounce as prices are holding 56000. Prices are expected to test 56700 – 57000 on higher end. Copper prices are likely to trade within the range from 448 to 442. One can trade within the range. Nickel prices are expected to witness a sideway move from 998 to 970. If price sustains below 988 one can sell with a stop loss above 997. Lead prices are expected to trade positive as witness a successive close above 132. One can buy around 131 – 130.80 with a stop loss below 129.50. price can test 135 on higher end.
Mcx Tips :- Sell lead at 131.35 - 60 stop loss of 132.50 for target of - 130.30 - 128.25 - 127.10
NCDEX Trend :- Chilli Mar NCDEX: Chilli prices skyrocketed on Saturday and closed the session at 6992 levels. As prices cleared the 13 and 22 day EMA resistance at 6750, broad sentiments turned sanguine and may see the same momentum towards 7125 followed by 7250 levels in the near term. Meanwhile, bullish crossover of 13 with 22 also supports the outlook. On the other side, past slippage below 6675 could negate our near term bullish view.
NCDEX Tips :- Buy Natural Gas at 172.60 - 171 Stop loss of 169.60 Target of 174.10 – 176.20.
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