Beneficial Trading Tips for NCDEX Market

 

Market Outlook

MCX Gold price managed to reach our awaited target at 30600 and settles around it, reinforcing the chances of continuing the bearish trend that its next target located at 30380. Oil price settles around 5100 level after the strong bullish rally that it witnessed yesterday, and the price might witness some temporary sideways bias.MCX Copper price still stable within the bearish range, confirming the preparation to record more negative targets in the near term and medium term basis.

GUARSEED

Guarseed showed bullish movement and found the important resistance level of 3835. If price sustains below 3750 level in next trading session then this momentum can take prices to 3700 level. If it breaks the resistance level of 3850 then 3900 will act as next resistance level.

JEERA

Jeera showed bullish movement today and found the resistance level of 18200. If prices sustains below 17700 levels in next trading session then this momentum can take prices to 17300 levels. If it breaks the resistance level of 18200 then 18500 will act as next resistance level.

SOYABEAN

Soyabean showed bullish movement and found the important resistance level of 3535. If price sustains below 3490 level in next trading session then this bearish momentum can take prices to 3450 level. If it breaks the resistance level of 3550 then 3600 will act as next resistance level.

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