March 25, 2011

Commodity and MCX Calls For Today

Commodity Call for Guarseed:
The commodity futures prices for Guarseed for April contract traded completely higher on yesterday’s trading sessions by reversing the previous trend.  At MCX it had made a low of
2868 then high of  2980 and finally settled at 2969 an d showing bullish sentiments over the market at MCX and NCDEX. The prices Showed a support of 2865 levels. The commodity RSI daily settled at 0.570 levels suggesting upside movements. Commodity buying is recommended for over all sentiments.

Guar seed NCDEX: Buy April at 2950 TP 2980 SL 2929 

Commodity Call for Copper 
The Commodity prices for April future contract showed upside rally on tomorrows session by gaining as much as 2.64% from previous close. The commodity copper at MCX tested a intraday of 441.7 levels and finally settled at 441.45 levels. The MCX support is offered at 438 levels and the RSI ended at 0.56 level showing higher potential. At LME currently prices are at 9680 levels down by -65 dollars. Opening at MCX could be lower and we recommend buying near support levels. 
Copper MCX: Buy April at 438.5 TP 442 SL 436 

Commodity Call for Natural gas
The commodity MCX Mar contract for natural gas is opened up this morning at 194 vs. previous close of 192.8 made the same level as an intraday low and last traded at 194.8 up by 2 rupees after it made an intraday high at 196.8. Natural gas future prices have risen more than 13%  and could test 205-215 levels. The commodity positional trader should buy on dips.
Natural Gas MCX: Buy April at 187 TP 196-204 SL 182 
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