May 14, 2011

MCX And NCDEX Tips For 14 May

The Commodity guarseed prices for JUNE Contract had made a high of 3307 Commodity price level in Intraday but later on it get down and seen to be settled at a 3230 price level.

If we talk about commodity prices of guarseed it get fail to sustain above the resistance level of 3300 and came down.

An inverted hammer candle stick witnessed at higher level indicating prices may remain downside for intraday. We recommend selling for intraday. So, according to commodity prices the Commodity MCX Tips For the day is for Guarseed is 

Guar seed NCDEX: Sell June at 9440 TP 9270 SL 9540

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