NCDEX Tips and Trend Today: 23 FEB

NCDEX Tips, NCDEX Trend Today, NCDEX Jeera Tips, Commodity Trend Today

NCDEX Jeera Trend

Jeera prices reiterated last week as fresh overseas demand and poor yield amid lower arrivals kept the upward bias in prices. According to Sspices board, global demand for the spice increased by 25 percent to 87500 tonnes during the period AprilSeptember 2014-15.

A sharp recovery rally was seen last week after it broke the falling wedge pattern at 14700 levels. For coming weeks, as long as prices hold the support of 15100 levels could see upside rallies towards 16215 followed by 16500 or even higher to 17000 levels. Conversely, looking on the other side, a sharp fall below 14400 could deeply immerse to the bearish zone.

NCDEX Turmeric Trend

Turmeric prices witnessed a sharp rally and later closed the day at 9088 levels. As prices broke the trend line resistance of 9050 regions for a strong upside rallies towards 9150 or even higher to 9260/9450 levels. Further, increase in volume supported with positive daily RSI (14) would suggest a near term bullish view in the counter. However, on the other side, drop below 8720 could see profit booking towards 8400 levels. Anyhow, we recommend buying on dips of 9000 levels.

NCDEX Tips For Today

SELL SOYBEAN BELOW 3360

BUY TURMERIC ON DIPS

BUY JEERA ON DIPS

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MCX Gold and Copper Tips For Today

MCX Gold Tips Today

MCX Apr Gold costs kept on maintaining down predisposition in the past session and finished in a negative zone by expanding its special bearish pattern. Bearish standpoint stays unaltered as yearns as costs exchanging underneath 26490 levels. Downside support lies at 26015 & 25890 levels.

Its a sell suggested by experts Around 26220 levels for the target of 26015 with a stop loss at 26337 

MCX Copper Tips Today

MCX Feb Copper; "bullish inundating" candlestick example on day by day chart renders that the pattern stays positive and further picks up can see towards 365 & 366 levels. Thus, any dip can amass crisp aches at 359 levels.

We suggest a Buy Around 359 level with a target of 365 and a Stop loss at 355 

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NCDEX Tips and Trend For Today: Trading Levels

NCDEX Tips, Trading Levels Today, NCDEX Today, Commodity Tips today, Trading Strategy for Today

NCDEX Chana Trend
Although Chana april contract is trading on slightly higher levels throughout the previous week. Prices have crucial support at 3480 and further dip can be seen only if prices breakdown below this support. Until then the current consolidation will result into an upside breakout towards 3600/3650 area. Major support is placed at 3400 levels.

NCDEX Jeera Trend
In Jeera We reiterate our negative view until prices stay below 15550 levels. Prices can correct a bit further towards 13750-13600 area but a diptowards this area is also likely to result into a strong bounce back towards 14600 levels.

NCDEX Tips for Today

• Sell Jeera Mar below 14850 levels to get the target of 14950 and 13900 with a stoploss at 15380. 
• Buy Soya bean Apr above 3380 level for the target range of 3400-3500 and a stoploss at 3350

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