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- Thread starter ProTrader
- Start date
MCX Updates 27/07/11
Gold
gold(aug)- trend slightly bullish
s1: 23046
s2: 22956
s3: 22850
pp: 23152
r1: 23242
r2: 23348
r3: 23438
silver
silver(sep)- trend slightly bullish
s1: 59390
s2: 58681
s3: 58251
pp: 59820
r1: 60529
r2: 60959
r3: 61668
copper
copper(aug)- trend neutral
s1: 435.65
s2: 434
s3: 432.60
pp: 437.05
r1: 438.70
r2: 410.10
r3: 441.75
crude
crude(aug)- trend neutral
s1: 4351
s2: 4285
s3: 4238
pp: 4398
r1: 4464
r2: 4511
r3: 4577
Gold
gold(aug)- trend slightly bullish
s1: 23046
s2: 22956
s3: 22850
pp: 23152
r1: 23242
r2: 23348
r3: 23438
silver
silver(sep)- trend slightly bullish
s1: 59390
s2: 58681
s3: 58251
pp: 59820
r1: 60529
r2: 60959
r3: 61668
copper
copper(aug)- trend neutral
s1: 435.65
s2: 434
s3: 432.60
pp: 437.05
r1: 438.70
r2: 410.10
r3: 441.75
crude
crude(aug)- trend neutral
s1: 4351
s2: 4285
s3: 4238
pp: 4398
r1: 4464
r2: 4511
r3: 4577
NCDEX analysis for 28/07/11
COCUDAKL
Trend for cocudakl is up.1300 is a good support and below this level cocudakl can touch 1270.1379 will work as a resistance.
POTATO
Trend for potato is down. Below 365 it can touch 345 and then 320.Nearest resistance for potato is 395.
DHANIYA
Dhaniya is in uptrend. Today came down due to profit booking by traders.5848 is good support level.Above 6612 positional traders can take buy position with a stop loss of 5800 and target will be 8200.
COCUDAKL
Trend for cocudakl is up.1300 is a good support and below this level cocudakl can touch 1270.1379 will work as a resistance.
POTATO
Trend for potato is down. Below 365 it can touch 345 and then 320.Nearest resistance for potato is 395.
DHANIYA
Dhaniya is in uptrend. Today came down due to profit booking by traders.5848 is good support level.Above 6612 positional traders can take buy position with a stop loss of 5800 and target will be 8200.
NCDEX LEVELS AND TREND 29/07/11
GUARSEED
Trend is bullish. Some profit booking done by the traders. Bollinger band support is at 4165.Stochastic showing downside but still above 80 levels so can’t go short aggressively. Today’s closing is at lower circuit so it can be negative for short term but depends on next day opening.
CHANNA.
Channa took resistance near 3150. It is reversal pattern and short is advised to positional traders if open in red candle or converted in red candle during the day with day high as stop loss for intraday traders and 3153 for positional traders.
SOYABEAN
Soyabean failed to give close above 2465. Nearest support is at 2398 and closing below this level can take soyabean to 2360. So traders advised not to take short position as of now.
GUARSEED
Trend is bullish. Some profit booking done by the traders. Bollinger band support is at 4165.Stochastic showing downside but still above 80 levels so can’t go short aggressively. Today’s closing is at lower circuit so it can be negative for short term but depends on next day opening.
CHANNA.
Channa took resistance near 3150. It is reversal pattern and short is advised to positional traders if open in red candle or converted in red candle during the day with day high as stop loss for intraday traders and 3153 for positional traders.
SOYABEAN
Soyabean failed to give close above 2465. Nearest support is at 2398 and closing below this level can take soyabean to 2360. So traders advised not to take short position as of now.
