August 28, 2014

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NCDEX Soybean: Short term Bearish

  We maintain out bearish view in NCDEX Soybean as prices have been in an up trend forming higher tops and higher bottoms. As shown above on weekly chart, prices have given break down of rising wedge at Rs. 4000 following by sharp correction can be seen thereafter. If price Sustain below Rs. 3700 then [...]

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August 28, 2014

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NCDEX CPO: Short term Bearish (Weekly Chart)

  NCDEX COC price for past few months has been trading within the down wards sloping channel (R-S), with lower top & lower formation on it. Currently price has breached the long term support line (S) at Rs 490 and heading towards the next Fibonacci support of Rs 459. The 14 period RSI is also [...]

August 28, 2014

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NCDEX Cotton Seed Oil : Short term Bullish

  We maintain our bullish view in NCDEX Cotton Seed Oil as prices are trading above the Channel R-S as shown above in a weekly chart (Continuous contract). Recently prices after the breakout has given a sharp rally towards the previous top of Rs 1800. Currently price is showing strength and a extensive rally can [...]

August 28, 2014

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NCDEX Castor: Short Term Bullish (Weekly Chart)

    We maintain our bullish view in Ncdex Castor as shown on the weekly chart prices are trading in narrow trading range holding support and resistance very well at Rs. 4100-4300. Recently prices have taken support at support range and rallied sharply with higher volumes. We recommend to remain long in Castor seed eyeing [...]

August 27, 2014

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MCX Zinc: Short Term Bearish

  We maintain our bearish view in MCX Zinc as prices are trading in a primary up trend indicated by higher tops higher bottoms. Prices on daily chart as shown above(continuous chart) are trading in an upward slopping trend channel C-C1. Recently prices have given break down of this channel at Rs.144.50 initiating short term [...]

August 27, 2014

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MCX Copper: Short Term Bearish

  MCX Copper prices as shown above after rallying sharply towards 439.40 level, has moved sideways. Price was also unable to breach its previous top, thus forming double top pattern. We continue to have bearish view on copper for the target price of Rs. 400 (support line S). The 14- period RSI is currently pointing [...]

August 27, 2014

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MCX Crude Oil: Short Term Bearish

  MCX crude oil price on the weekly charts is trading between (R1-S1) as shown above After taking resistance price has shown a sharp correction. . Currently price is heading towards the long term support line at Rs. 5640 (S). Breach of previous low would indicate further down side. And can trigged sharp sell off. [...]

August 27, 2014

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MCX Silver: Short Term Bearish

MCX Silver 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 Rs. 45700. Hence we recommend to go [...]

August 27, 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 horizontal line C1 at Rs. 27770. Prices rallied forming doji pattern at bottom indicating trend reversal initiating secondary uptrend. Recently Gold prices have given break out of short term trading [...]

August 4, 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 trading [...]