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Sensex: 34142.1 +322.60 Gold: Rs.30514.00
Nifty: 10491 +108.30 Silver: Rs.38380.00
Buy MCX Lead Dec: Buy around 156.50 with strict SL at 155 -
Buy MCX Lead Dec: Buy around 156.50 with strict SL at 155
Way2wealth | Published: 30 Nov, 2017  | Source :

MCX LEAD DECEMBER: The lead December contract price remained slightly lower and has tumbled till the previous low of 155.95 levels and ended on a flat note at 157.15 forming doji candlestick pattern. Ahead, if the prices manage to hold above 155.50 then a sharp recovery can be noticed till 160 levels. Thus, we recommend buying around 156.50 with strict stop loss at 155. Action: Buy

Natural gas prices extended its gains and rose till the high of 207.80 and finally ended at 205.20. On the higher side key trend line resistance is around 209 levels and ahead, we expect natural gas prices to turn lower after testing the resistance, thus we advise selling on rise around 209 levels for targets of 200 than 196 levels. Action: Sell

On Wednesday, RM seed prices extended its fall and tumbled till the trend line support of 4050 and ended at 4060. The crucial swing high is at 4038 if the prices manage to hold above that the reversal can be seen in counter and will rebound towards 4180 levels. Thus, we recommend buying around 4040 levels with stop loss at 3980 levels. Action: Buy

NCDEX SOY OIL DECEMBER: Soy oil prices, which have been trading the narrow range for the last few seasons has slipped below the supports and settled just below that, Ahead we expect the commodity prices to correct and will decline till the supports of 724 then 720 levels. Action: Sell

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Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor accept any liability whatsoever arising from the use of any of the above contents.