Base Metal Updates, Copper Trend, Intraday silver Tips 7 March 2012

Base metals today is trading positive by 0.4 to 1.4 percent post yesterday’s fall. we recommend initiating short position at higher levels as weak Asian and European equities coupled with contracting German factory orders. However, slight pullback in metal prices may be witnessed during US data releases.

Copper Support and Resistance :- Support for the Copper is 419-417-411-406.
Resistance for the Copper is 427

MCX Silver Trend for Today :-
MCX silver May contract is trading at Rs 57984 after opening at Rs 57989, up 0.42%. MCX silver May support Rs 56436/Rs 57032 , resistance Rs 58400/Rs 59350. 

Silver Trading tips :- BUY MCX Silver May above 57,800, SL - 57450, TGT - 58350

MCX Trading Tips, Crude Updates Tips On Mobile

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MCX crude oil seems sluggish. Modest growth of 0.1 per cent with crude oil is trading at Rs 5350. As crude oil rises and foreign money flows into India, equities rise sharply in absolute and relative terms. The currency and interest rates gain too. However, the longer and sharper the crude oil rises, India first under performs and then falls.

Crude Oil Support and Resistance

Support for the Crude oil is 5306-5252-5126-5103-5090-5089.
Immediate resistance for Crudeoil is 5432

Crude Tips today 6 March

MCX Crude oil (March futures): Sell - 4380-4390, stoploss of Rs - 4550 and the target - 4300

Get daily commodity updates and levels on Mobile, NCDEX updates. For MCX and NCDEX levels of 6 and 7 march 2012 FILL THE FORM

NCDEX Agri Tips, Kapas Trend, Soyabean Tips, Chana Tips 5 march 2012

KAPAS TREND 5 March :-
Kapas Trend and important levels for today is as follows :- 
Resistance 2846.22
Resistance 1839.54
Pivote832.83
Support 1820.46
Support 2
813.78
 
SOYABEAN TREND :-
Average arrivals of soya bean crop was reported steady with ~0.9-1bags arriving at MP market (3,000-3,500 bags at mandis of Indore) and about 0.38-0.4 bags each at mandis of Maharashtra & Rajasthan

CHANA TREND :- 
Profit booking at the higher levels amidst lower trading activities in the mandis ahead of the Festive season kept pressure on the rates for Chana that had shot up a low over last few weeks.
Trend likely to remain this week where improved demand is expected at the lower levels by end of week.

FOR MCX BULLION TREND FILL THE FORM ----->>
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