Saturday, October 9, 2010

Agri (NCDEX) Commodity Trading Strategy For Coming week (11-16 October)

Jeera-  

Jeera is in a consolidation phase and one should use the strategy of selling on higher levels. If in the coming week Jeera sustains below the level of 12500 then we can expect a level of 12000, and if it sustains above 13615 we can see the level of 13900.

Guarseed- 

For next week traders should go for selling on higher level strategy, if Guar seed sustains below the level of 1930 we can see the level of 1860, and above 2100 it can come up till 2160.

Soyabean -

Soybean is in a consolidation phase on charts and one should look for buying opportunities at lower levels, if Soybean sustains above the level of 2195 we can see the level of 2250, and on the down side if it sustains below the level of 1980 we can see Soybean at 1950 level.

Chana-

Overall trend of Chana is of consolidation and one should go for selling at higher levels strategy in it. For the coming week if Chana sustains below 2230 level we can see it at 2160 and above 2435 we can expect the level of 2520.

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Posted By Commodity MCX Tips