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NCDEX Market Strategy Today :- Jeera Mar NCDEX -It is mandatory to clear above 13300 for the short covering rally to rematerialise towards 13500 levels. Else, expect to continue the present selling momentum.
Dhaniya Mar NCDEX:-Inability to clear the resistance of 6575 could call bears in to the counter and expect a lower correction towards 6200 levels.
Wheat Mar NCDEX: Wheat prices plummeted sharply from a high of 1458, closing the day at 1441 levels. A support is visible at 1440, which if cleared with torrential volume, would see drooping prices towards 1425 followed by 1410 levels in the immediate run. Moreover, on the daily chart, momentum indicator RSI is trading negative. However, any spontaneous rise above 1460 could negate our bearish view in the near term.
MCX Tips Today :- Sell lead 130.50 stop loss of 131.40 for target of 129.
Sell silver 57750 stop loss of 58010 for target of 57400.
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