Monday, 14 September 2015

Daily Trading and Commodities Report by MarketMagnify

In-line with our earlier report, MCX Dec Silver has provided a breakdown from the trend-line support and ended at 34975 levels, down by 1.15% on daily charts. In today’s sessions we expect prices open flat and extend the fall towards 34550 & 34030 levels. However, 35300 will act as an immediate resistance on upside.

MCX Nov Copper’s positive outlook remains unchanged as long as prices trading above 358 levels. Any dip towards 361 can be considered as a fresh buying opportunity at lower levels. However, upside targets remains at 368 & 371 levels.

NCDEX Oct Dhania was intact further weakness by violating its rising trend-line support at 11335 levels. This signifies that the fall from 11710 levels remains intact and further fall can be seen towards 11065 & 10920 levels. Hence, any bounce can be utilized to create shorts at 11275 levels.
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