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 [...]

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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 [...]

July 3, 2014

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MCX Silver: Short Term Bullish

  We maintain our bullish view in MCX Silver as prices on daily chart as shown above are trading in a downward sloping channel R-S Recently prices have taken support at lower band of the channel at Rs. 39500 and rallied sharply with higher volumes. We expect prices to trade higher in short term eyeing [...]

July 3, 2014

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NCDEX Sugar: Medium Term Bullish (Weekly Chart)

  NCDEX Sugar price has been trading within the parallel channel between c-c1 since the past three months .The price has recently taken support of the middle band at Rs 2975 level. We now expect a test of immediate resistances at Rs.3220 (T) level looks possible and a breached can triggered a sharp rally of [...]

May 22, 2014

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NCDEX Soybean Short Term Bearish (Weekly chart)

  NCDEX Soybean has been in an uptrend, trading in the upward sloping trend channel C-C1. However, recently price has taken resistance of the upper band of the channel C1. Also, candlestick pattern formed suggests pause in an uptrend. The candlestick pattern formed is bearish engulfing followed by doji, indicating reversal and confirmation of which [...]

May 22, 2014

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NCDEX RM Seed: Short Term Bearish

  NCDEX RM Seed prices are in a primary downtrend indicated by lower tops and lower bottom on weekly chart (Continuous Contract). Prices are trading downward in a triangular form witnessing resistance at long term resistance Line R. Recently RM Seed prices have tested the resistance levels at line (R1) Rs.3665. We expect mustard prices [...]