April 19, 2011

Commodity Tips for Copper and Guarseed 19 April

The commodity MCX Guarseed prices Showed a close price of Rs. 2973, and shown a marginal recovery from its intraday low of Rs. 2946 levels. In commodity NCDEX guarseed a marginal correction is expected. The Trend for guarseed NCDEX is of Selling sentiments.
Guar seed NCDEX: Sell May at 2975-80 TP 2950 SL 3000

Commodity copper MCX prices are lowered and ended at Rs. 417 levels, this made a bearish trend for commodity copper with an RSI-14 daily of 0.37 levels. It is expected from copper to show a smart recovery. Copper resistance is seen at 419 levels. The copper is suggested to be taken for long term trade.
Copper MCX: Buy April above 419 TP 422, 424 SL 416.50

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