MCX ALUMINIUM NOVEMBER: On Tuesday, Aluminium prices turned weak after opening at 135.90 and ended almost near the day’s low. In the broader scenario the prices are moving within the rising trend channel and while in the short term, it’s in the corrective phase. According to that the supports are seen at 133.70 then 130 levels. Therefore, we advise selling on rise around 135 levels for targets of 130. Action: Buy
MCX SILVER DECEMBER: On Tuesday, silver prices witnessed massive correction and breached the key supports of 38680 and ended at the edge. Ahead, if prices open below 38680 then further fall can be seen till 37900 levels of 61.8% retracement mark. Thus, we advise selling on break of 38680 for targets of 38200 then 37900. Action: Sell
NCDEX CASTOR SEED DECEMBER: In line with expectation the Castor seed prices witnessed a sharp correction and ended almost near the day’s low at 4562. As per the trend line the supports are seen at 4540 levels and we expect prices to rebound after testing these levels. So, we advise buying near these support levels of 4540 for targets of 4620. Action: Buy
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NCDEX COCUD DECEMBER: On Tuesday Cocud prices consolidated near the neckline supports and ended at 1582 mark forming doji candle stick pattern. Prices’ holding firmly above the supports is indicating positive momentum Thus, we advised to buying around 1582 levels for the targets of 1648 the 1665 for the day. Action: Buy
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