March 31, 2011

Commodity Market Daily Mar 31

The future contract for Guar seed April contract in commodity market at NCDEX is traded at upper nodes yesterday and finally settled at 2894 price.

Thia Change at the NCDEX market showed a downfall in the market and still guarseed is considered in a negative node at the commodity market. The price fall of commodity guarseed at NCDEX is suggesting the bearish trend.

In commodities market guar seed prices are expected to trade higher in the initial session but later on continue to resume its down trend. We recommend selling at major resistance levels. 

MCX Report and Nifty Spot Report For The Day:
*NIFTY SPOT LEVELS SUPP 1: 5760 SUPP 2: 5680 RES 1: 5809 RES 2: 5880.
*BANK NIFTY LEVELS SUPP 1: 11670 SUPP 2: 11550 RES 1: 11874 RES 2: 11957
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