Today Ncdx Outlook(18marc): Kotak Commodity
Published on Thursday, March 18th, 2010 at 4:55 PMAuthor: onlinecommoditycalls (1958 Articles)
Here is a summary of a commodity market report by Kotak Commodity:
Mustard ``April futures after breaching the strong resistances of Rs 485, it has rallied and made a high of Rs 490. Next resistances are at Rs 498, volume and open interest is flat,“ said Dharmesh Bhatia, technical analyst, Kotak Commodity Services. Selling on rise at Rs 489-493 with stop loss of Rs 488 and target of Rs 470 is advisable.
Refined oil April futures are trading weak and price is taking support at Rs 455, next support is at Rs 449. Unless the price closes above Rs 469 level, selling on rise at Rs 462-466, with stop loss of Rs 469 and target of Rs 453 is recommended.
Soybean seed April futures are likely to breach the strong resistance of Rs 2,018 (20 SMA). Unless broken, selling on rise at Rs 1,996-2006 with stop loss of Rs 2,029 and target of Rs 1,943 is suggested.
Chana April futures are trading flat and for the past few days, it is trading in the range of Rs 2,130-2,250. Unless the price closes above Rs 2,270 level, selling on rise at Rs 2,221-2,231 with stop loss of Rs 2,289 and target of Rs 2,186 is advisable.
Turmeric April futures are trading firm and made a contract high of Rs 10,854, next resistances is at Rs 11,150. Unless price closes below Rs 10,000, buying on dips at Rs 10,540-10,580 with stop loss of Rs 10,301 and target of Rs 11,065 is recommended.
Subscribe to my newsletter filling the form below. I'll try to make you happy.
Related Posts
|
|
|
Market Live |
|
|
Loading ...