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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