Wednesday, 10 April 2013

Today silver is in buying side and Mentha oil call

Chilli and Chana Updates     
India’s NCDEX Commodity Market, Chili trend for April Contract seen at bearish side for intraday trade, and it has good support at 6109.5 and has good resistance at 6258.8; NCDEX chilli authenticated bright selling force and closed at 6580 on Monday Commodity Market. But here for all Contracts Chana we can see at optimistic side and looking at good position and has good support and resistance levels:

S1: 3550.4, S2: 3544.3, and R1: 3595.6, R2: 3601.8

Gold and Silver levels:

Precious metals Gold and Silver both continuously go face swing position, whole last week both wondering at negative side but now after Monday Silver shows positive points but Gold hold its position and stay with negative price. Yesterday Gold close with 29540 and today opens with 29525. Gold and silver has good support and resistance levels:

Gold: S1: 29397.8, R1: 29682.5
Silver: S1: 50811.3, R1: 51585.9

Mentha oil position in Commodity market looking in bearish side now a days, and today Cotton also hold sell position, but today in morning trade all base metals we can see at buying side.

SELL MENTHA OIL BELOW 1015 TARGETS 1017, 1020, 1022 STOP LOSS 1012


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