September 22, 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 channel C-C1 forming lower tops and higher bottoms. Recently prices have taken resistance of resistance line C at Rs. 46400 and decline sharply supported by higher volumes. We expect prices to trade lower [...]

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September 22, 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 [...]

September 22, 2014

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MCX Crude Oil: Short Term Bearish

  We maintain out bearish view in MCX Crude oil as prices are trading in a primary down trend indicated by lower tops lower bottoms as shown above in weekly chart. Recently prices have given break down of long term support at Rs. 5640 and hence we recommend to go short in MCX Crude oil [...]

September 22, 2014

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MCX Copper: Short Term Bearish

    MCX Copper (Continuous contract) as prices are trading in a symmetrical upward indicated by lower tops higher bottoms. Recently prices have taken resistance at Rs. 439.4 at resistance line R and declined sharply towards Rs. 420. We expect prices to trade lower in short term eyeing target at support line S near Rs. [...]

September 22, 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. Hence we recommend to go short in Aluminum on rise towards 120 for the target of [...]

September 17, 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. 3500 following by sharp correction can be seen thereafter. If price Sustain below Rs. 3300 then [...]

September 17, 2014

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NCDEX RSO Short Term Bullish (Daily chart)

  NCDEX RSO prices have been in a downtrend forming downward sloping channel. As shown above on daily chart, prices have given break out of this channel indicating short term trend reversal. We recommend to go long in NCDEX RSO on decline till Rs. 575 eyeing target at Rs. 590. The 14 period RSI is [...]

September 17, 2014

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NCDEX Cotton Seed Oil (Dec) : Short term Bearish

We maintain our bearish view in NCDEX Cotton Seed Oil as prices are trading in a downward slopping channel C-C1 as shown above. Prices continued to trade lower with lower tops lower bottoms indicating further weakness in trend. We recommend to go short in COC on rise till Rs. 1450 eyeing target at Rs. 1375 [...]

September 17, 2014

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NCDEX Chana: Medium Term Bullish (Weekly Chart)

  NCDEX chana prices are trading in a primary uptrend indicated by higher highs higher lows in above chart. Prices are trading in a short term upward slopping channel (c-c1). Recently prices after taking support at lower band of channel C1 rallied sharply. Prices are facing resistance at previous support at Rs. 2792. We expect [...]

September 10, 2014

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MCX Aluminum: Short Term Bearish

  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. Hence we recommend to go short in Aluminum on rise towards 126.5 for the target of Rs. 123. The 14- period RSI [...]