MCX LEAD NOVEMBER: In yesterday’s sessions Lead prices slowly inched higher from the support levels and ended at 159.90. Ahead the lead prices are likely to extend till the trend line resistance of 166 levels, thus we advise buying around 159 levels for targets of 163 then 165 for the day. Action: Buy
MCX NICKEL NOVEMBER: After witnessing the massive fall from the high of 839 to the low of 737, Nickel prices inched slightly higher in the last session and ended at 758. According to the trend line the key support is at 725 as long as it holds above that the upside potential remains intact and thus we recommend buying around 755 levels for targets of 800. Action: Buy
NCDEX GUAR GUM DECEMBER: After last few sessions of corrective move the guar gum prices opened higher on Monday and ended at 8250 mark. Prices have closed just above the neckline support of Inverse head and shoulder pattern and according to the pattern the upside targets are projected till 8400 then 8600 levels. Thus, we recommend buying around 8250 for upside targets of 8450. Action: Buy
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NCDEX CASTOR SEED DECEMBER: On Monday’s session castor seed prices opened with a gap up at rose exactly till the trend line resistance of 4506 and by the ended it settled at 4459 forming inverted doji candlestick pattern. Ahead, we expect prices to slip lower from the resistance and therefore advise selling around 4480 levels for downside targets of 4400 then 4320. Action: Sell
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