MCX GOLD APR: Gold prices opened strongly higher in the last session and prices corrected sharply for most of the session till low of 30205. Prices have rallied strongly in the previous session after taking support at its short term rising trend line. Prices are expected to rise further from these levels towards next strong resistance placed around its rising trend line of the channel pattern currently near 31000 level. On the lower side immediate supports are placed around 30300 and 29900 levels. Action: Buy
MCX COPPER FEB: Copper prices have been consolidating in a range of 450-458 levels in the previous few sessions. Prices have taken strong support at its short term rising trend line and broken out from its short term declining trend line resistance in the last session. Prices are expected to hold this support and rise further from these levels towards next strong resistance placed around its recent multiple swing highs near 463 level. On the lower side immediate supports are placed around 450 and 445 levels. Action: Buy
MCX LEAD FEB: Lead prices opened slightly higher in the last session and prices corrected for first half of the session till low of 169.10. Prices rallied strongly for the remaining session till fresh one year high of 172.50. Prices have been rising strongly since last few weeks after taking strong support at its short term rising trend line and near 20 days simple moving average currently around 165.40 level. Prices are expected to rise further from these levels towards next strong resistance placed around its all time high of 175.70 level. Action: Buy
NCDEX RMSEED APR : Rape/Mustard Seed prices opened higher in the last session and prices rose strongly for first half of the session till high of 4185. Later prices corrected for the remaining session and closed around 4142 level. Prices have taken strong support at its break out level of short term falling trend channel pattern and are expected to rise from these levels towards immediate resistance placed around its recent high of 4226 level and further around its previous multiple tops of 4251 level. Action: Buy
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