Mcx Trial Tips For Today

In yesterday's trading session Crude Palm oil has touched the low of 482.5 after opening at 482.5, and finally settled at 485.6. For today's session market is looking to take support at 483.3, a break below could see a test of 481 and where as resistance is now likely to be seen at 487.1, a move above could see prices testing 488.6.

Trading Ideas mcx tips :

Crude Palm Oil trading range is 481-488.6.

Crude palm oil prices moved up on the back of a rise in spot market demand

Resistance for crude palm oil is at 487.10 level

Support for crude palm oil is at 483.30 level.

Crude palm oil prices in spot market dropped by rupees 1.10 and settled at 483.40 rupees. 

Wheat yesterday traded with the negative node and settled -0.66% down at 1168.8 tracking weakness in spot market. 

The pre-monsoon showers have drenched wheat stocks in several places in Punjab and Haryana and the cycle of rot has begun once again. Punjab and Haryana account for more than 60 per cent of India's total food grain produced every year. In Delhi wheat prices dropped -4.5 rupee to end at 1175.3 rupees per 10 kg. 

In yesterday's trading session Wheat has touched the low of 1168 after opening at 1175.6, and finally settled at 1168.8. For today's session market is looking to take support at 1165.8, a break below could see a test of 1162.8 and where as resistance is now likely to be seen at 1174, a move above could see prices testing 1179.2.

Trading Ideas for commodity tips :

Wheat trading range is 1162.8-1179.2.

Wheat yesterday traded with the negative node and settled 0.66% down tracking weakness in spot market

Wheat is having resistance at 1174 and support at 1165.80 level.

NCDEX accredited warehouses wheat stocks rose by 229 tonnes to 33047 tonnes. 

In Delhi wheat prices dropped -4.5 rupee to end at 1175.3 rupees per 10 kg. 

Mustardseed yesterday traded with the positive node and settled 0.56% up at 2886 on short covering tracking gains in other oilseed counters. The total arrivals of mustard seed decreased by 10000 bags from the previous day to 1.20 lakh bags in major mandies. 

In the Sriganganagar spot market in Rajasthan the price edged down by -8.75 rupee to 2770 rupees per 20 kgs. In yesterday's trading session Mustardseed has touched the low of 2852 after opening at 2866, and finally settled at 2886. 

For today's session market is looking to take support at 2862, a break below could see a test of 2838 and where as resistance is now likely to be seen at 2900, a move above could see prices testing 2914.

Trading Ideas:

Mustard Seed trading range is 2838-2914.

Mustardseed yesterday traded with positive node on short covering tracking gains in other oilseed counters

Mustardseed looks to take support at 2862 and resistance at 2900.

NCDEX accredited warehouses mustardseed stocks rose by 162 tonnes to 177531 tonnes. 

In the Sriganganagar spot market in Rajasthan the price edged down by -8.75 rupee to 2770 rupees per 20 kgs.

Mcx Tips On Mobile Free

LEAD (May)

Above 112.10looks good... Last week after a made a low 109 it was made a high of 115.80 and finally closed above 114 level. Over all trend is bullish and consider resistance 118 in near term. 

NICKEL (May)

Strong volatile and smart recovery from the level of 1005 and finally made a high of 1066 but managed to closed below 1044 range. Now it this week consider support 1035-1038 range trade and sustained below weakness continue, higher level it will show strength above 1070 range. 

 ALUMINIUM (May)

Last week we are bullish this counter above 115.......Now in this week consider support 116.10 remain above positive bias... resistance exit 120-120.50 range. 

NATURAL GAS (JUNE )

Above 200 looks very hot.. and sharp and fresh up move above 210, if crossover and stay with volume may test 220 region in near term.

In yesterday's trading session Ref Soyaoil has touched the low of 653.25 after opening at 661.4, and finally settled at 653.7. For today's session market is looking to take support at 650.8, a break below could see a test of 648 and where as resistance is now likely to be seen at 659, a move above could see prices testing 664.3.

Trading Ideas As Mcx Tips On Mobile Free :

Ref soyaoil trading range is 648-664.3.

Ref Soyaoil yesterday traded with the negative node amid a weak global trend

Ref Soya oil looks to take support at 650.80 level

Ref Soya oil having resistance at 659.20 level

At the Indore spot market soyoil edged down by -1 rupee to 652.3 rupees 10 kgs.

Crude Palm oil yesterday traded with the negative node and settled -1.26% down at 527 as traders booked profits at existing high levels, driven by subdued spot market demand. Also, a weakening trend overseas influenced the trading sentiment. 

Malaysia’s palm oil production in April expanded 8 percent to 1.53 million tons from March, the nation’s palm oil board said on May 10. It will report May data on June 10.In yesterday's trading session Crude Palm oil has touched the low of 526.2 after opening at 533.8, and finally settled at 527. 

For today's session market is looking to take support at 524.2, a break below could see a test of 521.3 and where as resistance is now likely to be seen at 531.9, a move above could see prices testing 536.7.

Trading Ideas:

Crude Palm Oil trading range is 521.3-536.7.

Crude Palm oil yesterday traded with the negative node as traders booked profits at existing high levels

Resistance for crude palm oil is at 531.90 level

Support for crude palm oil is at 524.20 level.

Crude palm oil prices in spot market fell by -7.20 rupees and settled at 529.10 rupees.

Wheat yesterday traded with the negative node and settled -0.08% down at 1192.8. Government agencies and private millers procured more than 110.40 lakh tonnes of Wheat whereas 102.17 lakh Tonnes wheat procured last year. China, the world's top wheat producer, is likely to reap a bumper wheat harvest in 2011 despite drought earlier this year in most of its wheat-growing areas in the north, the agriculture ministry said. 

In Delhi wheat prices gained 1.3 rupee to end at 1190.9 rupees per 10 kg. In yesterday's trading session Wheat has touched the low of 1192 after opening at 1192.2, and finally settled at 1192.8. For today's session market is looking to take support at 1191.6, a break below could see a test of 1190.4 and where as resistance is now likely to be seen at 1194.4, a move above could see prices testing 1196.

Trading Ideas:

Wheat trading range is 1190.4-1196.

Government agencies and private millers procured more than 110.40 lakh tonnes of Wheat

Wheat is having resistance at 1194.40 and support at 1191.60 level.

NCDEX accredited warehouses wheat stocks rose by 1715 tonnes to 9482 tonnes. 

In Delhi wheat prices gained1.3 rupee to end at 1190.9 rupees per 10 kg.

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