October 14, 2014

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MCX Aluminum: Short Term Bearish

We maintain our bearish view in MCX Aluminum prices are trading in a primary uptrend indicated by higher tops higher bottoms. Recently prices as shown above in weekly chart have formed double top pattern indicating short term reversal. Prices have formed doji continuation pattern on weekly chart and hence we recommend to go short in [...]

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October 14, 2014

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MCX Nickel: Short Term Bearish

We maintain our bearish view in MCX Nickel as prices shown above (Continuous contract) are trading in primary uptrend indicated by higher high higher lows. Recently prices have given break down of symmetrical triangle pattern at Rs. 1040. We expect prices to trade lower in short term eyeing target at Rs. 980. Hence we recommend [...]

October 14, 2014

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MCX Crude Oil: Short Term Bearish

MCX Crude Oil has been in an sidewise down trend since past three months forming lower tops and lower bottoms. A BREAKDOWN can be seen from the current level as price has breached the major long term support line (S) and channel support at Rs 5640 and if price Sustain below then it will trigger [...]

October 14, 2014

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MCX Silver: Short Term Bearish

  We maintain our bearish view in MCX Silver as prices on weekly chart as shown above are trading in bearish trend indicated by lower highs lower lows. Prices are trading in a down ward slopping channel R-S. We expect prices to trade lower in short term eyeing target at Rs. 36500. Kotak Commodity Services [...]

October 14, 2014

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MCX Gold: Short Term Bearish

We maintain our bearish view in MCX Gold as prices on weekly chart as shown above are trading in a downtrend followed by lower tops lower bottoms. Recently prices have taken resistance at previous support at Rs. 29085 and hence we reiterate our bearish view on Gold prices. We expect prices to touch long term [...]

October 9, 2014

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NCDEX Soybean: Short term Bearish

We maintain our 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. 3300 then it [...]

October 9, 2014

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NCDEX RSO Short Term Bearish Oct (Weekly chart)

  We maintain out bearish view in NCDEX RSO as prices have broken below symmetrical triangular pattern as shown above on weekly chart. prices have also given break down of rising wedge at Rs. 650 following by sharp correction can be seen thereafter. If price Sustain below Rs. 620 then it will trigger further correction [...]

October 9, 2014

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NCDEX Mustard: Medium Term Bullish

NCDEX Mustard prices are trading in a primary uptrend indicated by higher highs higher lows. Recently prices have given break out of symmetrical triangle at Rs. 3665 as shown above in weekly chart. We expect mustard prices to trade higher for short term and hence we recommend to go long till decline towards Rs. 3600 [...]

October 9, 2014

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NCDEX Guar Seed (Oct): Short term Bearish

We maintain our bearish view in NCDEX Guar Seed as prices has breached the previous major weekly support at Rs 5650 as shown above in a weekly chart. Recently prices is heading towards the previous support at Rs 5400.We recommend to go short in Guar Seed on rise eyeing target at Rs. 5250 in short [...]

October 8, 2014

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MCX Silver: Short Term Bearish

We maintain our bearish view in MCX Silver as prices on weekly chart as shown above are trading in bearish trend indicated by lower highs lower lows. Recently prices have givne break down of triangle pattern placed at Rs. 39500. We expect prices to trade lower in short term eyeing target at Rs. 38200. Hence [...]