Ncdex today has disclosed with its review on farming commodities. our analyst suggested to purchase wheat cross Rs 1256, offer Chana below Rs 3686. below we are revealing mcx copper and silver tips for next month with ncdex investment strategy for agro commodities if you are looking for free tips then you can use our free trial for two days our agro commodities expert will suggest you accurate tips.
significant level of resistance is seen at Rs.1256 crack above with amount could see bulls to take over the costs greater towards 1275 followed by 1285 stages.
Chana April 2012
Significant trend range assistance is seen at 3686, any large crack below the same can anticipate a reduced modification towards 3648 followed by 3612 stages for the day. Moreover, costs already smashed the 23 day EMA assistance at 3723 representing an intraday weak point. Conversely; surprising pullbacks above 3752 may eliminate the intraday bearish objectives.
Trend today probably will be good feelings, provided that costs are able to remain above 23 day EMA assistance of 40510 stages. But the significant benefit activity is possible only above 43500 which may analyze key resistances of 44020 and 44810 stages. On the other hand, significant weak point may see only below 40050 stages for the day.
Mcx silver being an business metal took hints from disadvantage in base materials and spot silver prices dropped greatly by more than 1 % in the past week. However, further disadvantage was padded on account of a sluggish dollar. The silver moved a low of $31.07/oz during the month and finished its trading time at the level of $32.19/oz on last Friday. On the Multi commodity exchange precious metal May contract lowered around 0.1 % and moved a low of Rs55, 905/kg past week
MCX Copper rose by 0.6% orRs 2.3 at Rs 433.2/ kg and tested an intraday high at Rs 434.7/ kg and low at Rs 429.