October 29, 2014

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NCDEX RSO Short Term Bearish (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. 583 then it will trigger further correction [...]

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October 29, 2014

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NCDEX RSO Short Term Bearish (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. 583 then it will trigger further correction [...]

October 29, 2014

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NCDEX Mustard: Medium Term Bullish

  We maintain our bullish view in NCDEX Mustard as 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 [...]

October 29, 2014

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NCDEX Chana: Short term Bullish

  We maintain our bullish view in NCDEX Chana as prices have been in an up trend forming higher tops and higher bottoms. As shown above on weekly chart, prices have been trading between the channel Rs 2650-3000. If price Sustain above Rs. 2800 then it will trigger further correction till Rs.2984 (previous top, as [...]

October 29, 2014

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MCX Zinc : Short Term Bullish

MCX Zinc prices are trading in a primary uptrend indicated by higher tops higher bottoms. Prices as shown above in daily chart are trading in a downward slopping channel C-C1. Recently prices have taken support at lower band of the channel and now are expected to trade higher towards Rs. 139.5. We recommend to go [...]

October 29, 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. Hence we recommend [...]

October 29, 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. 940. Hence we [...]

October 29, 2014

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MCX Crude Oil: Short Term Bullish

MCX Crude Oil has been trading in a downtrend since last three months forming lower tops and lower bottoms. Prices are currently trading in a over sold zone with lower volumes. Recently prices have taken support at 261.8% of retracement point at Rs. 4945 forming “doji” candlestick pattern. We expect crude oil prices to trade [...]

October 29, 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 [...]

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 [...]