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MCX Gold Decline :- Currently in all commodity segment trend is negative bias.Gold price fell 0.90 per cent to Rs 25,447 per 10 grams in futures trade today, on increased offloading of positions by participants taking cues from the global market.
NCDEX Updates :- Dhaniya May NCDEX: Prices slipped lower from 7270 and closed at 6898 levels.Currently, prices hold the support of 6860, punctures below the same could see downside correction towards 6832/6802 followed by 6720 levels. Moreover, prices are trading well below 45 day EMA resistance of 7045, also supporting bearish momentum. However, inability to trade below 6860 could initiate bounce back towards 6912/7000 levels during the day.
Experts Advice :- Sell dhaniya below 6860 . Sell pepper below 34700 . Sell kapas below 874.
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