Friday, February 24, 2012

NCDEX Tips ~ MCX Commodity Tips Today 24 feb 2012

Precious metals (Gold and Silver) are trading lower on MCX commodity market today. We expect prices to trade higher for the day on account a weaker dollar and worries over the euro zone crisis. All base metals are trading on a negative note today. We expect prices to trade lower for the day. Crude oil is trading higher on MCX today. We expect prices to trade higher for the day.

NCDEX Agri Commodity Market Tips Today:
Outlook for Soybean is seen up for the day. Guar Complex is expected to trade higher for the day. Outlook for Chana is up for the day. Outlook for Jeera is down for the day.

Pepper futures to trade lower for the day. Pepper prices traded higher and finally it closed the day at 33700. 
Resistances: 33500/34000/34500
Supports: 33000/32680/32500


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