July 29, 2014

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MCX Silver: Short Term Bullish

We maintain our bullish view in MCX Silver as prices on weekly chart as shown above have given break out of downward sloping trendline R1. Recently prices have fallen sharply but with not much volumes, suggesting profit booking of the previous up move.. We expect prices to trade higher in short term eyeing target at [...]

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July 29, 2014

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MCX Gold: Short Term Bullish

MCX Gold prices on weekly chart as shown above are trading in a primary down trend. Recently prices have taken support at long term support line S at Rs. 25200. Prices rallied forming doji pattern at bottom indicating trend reversal initiating secondary uptrend. Recently Gold prices have given break out of short term resistance line [...]

July 29, 2014

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MCX Crude Oil: Short Term Bullish

MCX crude oil price on the weekly charts as shown above has taken multiple supports at Rs.5950 levels. After taking support price has made piercing line candlestick pattern. A piercing pattern can serve as an indicator that it is time to either buy a stock or close out short positions because the stock may be [...]

July 29, 2014

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MCX Aluminum: Short Term Bullish

MCX Aluminum: Short Term Bullish We maintain our bullish view on MCX Aluminum as prices are trading in a primary downtrend indicated by lower tops lower bottoms have now given break out above the resistance line R, which indicates that prices are still in an uptrend. However, since prices have risen continuously we recommend to [...]

July 15, 2014

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NCDEX RSO Short Term Bullish (Weekly chart)

  We maintain our bullish view in NCDEX Refined Soy Oil as prices are above the downward sloping trendline resistance R on the weekly chart as shown above. Prices have been accumulating near the support levels indicates intact bullish trend. A sustainable trade above the previous resistance of Rs. 690 should support price to trade [...]

July 15, 2014

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NCDEX Cotton Seed Oil : Short term Bullish (Weekly Chart)

  We maintain our bullish view in NCDEX Cotton Seed Oil as prices are trading above the ascending triangle pattern R-S as shown above in a weekly chart (Continuous contract). Recently prices have given break out of the pattern at Rs. 1630 and hence we expect further rally in prices till Rs. 1790. We recommend [...]

July 15, 2014

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NCDEX Chana: Medium Term Bearish (Weekly Chart)

  As expected last week, price continued to trade lower making low of Rs.2745 in august contract. Price did recover from its low to close the week higher but since the trend remains down we recommend to go short on the commodity on given levels. NCDEX chana price has give a break below of the [...]

July 15, 2014

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NCDEX Castor Short Term Bullish

  We maintain our bullish view in NCDEX Castor seed as price has been trading above the channel resistance line and is now expected to trade higher towards the next resistance zone at 4550 (T). Last two weeks prices have corrected and have taken support at 50% retracement level of previous rally. We expect uptrend [...]

July 3, 2014

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MCX Natural Gas: Short Term Bearish

  We maintain our bearish view in MCX Natural Gas as prices are trading in a side ways trend since last two months on daily chart. Recently prices have given break down of upward slopping trade channel C-C1 at Rs. 276. We expect natural gas prices to trade lower in short term  with  target at [...]

July 3, 2014

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NCDEX RSO Short Term Bullish (Weekly chart)

  We maintain our bullish view in NCDEX Refined Soy Oil as prices are above the downward sloping trendline resistance R on the daily chart as shown above. Recently prices have taken support of the line R , forming  .  A sustainable trade above the previous resistance of Rs. 690 should support price to trade [...]