Page 2 - Technical Charts News Today

Buy MCX natural gas above ₹226 Akhil Nallamuthu BL Research Bureau | Updated on May 17, 2021   The continuous futures contract of natural gas on the Multi Commodity Exchange (MCX), which hit a fresh 52-week high of ₹251.3 in early November last year, reversed the direction abruptly and started to depreciate. The decline continued where it marked a low of ₹165 in the ensuing month. Nevertheless, this level acted as a support against which the futures bounced. There has been considerable v...

I have shares of NMDC bought at an average price of ₹124. Can I continue to stay invested or book profit?Gopalakrishnan SNMDC (₹184.9): The stock of NMDC was in the limelight in the past week as it sk

Buy lead futures; stop loss at ₹168 Akhil Nallamuthu BL Research Bureau | Updated on May 03, 2021 × The continuous futures contract of lead on the Multi Commodity Exchange (MCX) witnessed a downwards trend during the latter part of February after marking a high of ₹181.3. In the ensuing three weeks, the futures price dropped by 13 per cent and touched ₹157 levels. But then the bulls reacted quickly and turned around the trend up. After a brief period of consolidation, the futures have s...

Bet long on NCDEX cottonseed oilcake Akhil Nallamuthu BL Research Bureau | Updated on April 20, 2021   The continuous futures contract of cottonseed oilcake (COCUDAKL) on the National Commodity and Derivatives Exchange (NCDEX) has rallied from about ₹1,600 in early September last year. With occasional price moderation, the futures counter has been gained since then and in early April this year, it crossed over a crucial resistance at ₹2,500. The uptrend looks steady and is likely to stay ...

MCX copper could top ₹700 Akhil Nallamuthu BL Research Bureau | Updated on April 13, 2021 × Copper has been one of the best performing commodities over the past year and as a result the price of futures continuous contract on the Multi Commodity Exchange (MCX) went up from about ₹360 in March last year and topped ₹745 in the last week of February. But the futures contract witnessed sell-off in the last week of February and in the first week of March. Consequently, the April futures contr...

NCDEX mustard seed may top ₹6,300 Akhil Nallamuthu BL Research Bureau | Updated on April 05, 2021 × The futures contract of mustard seed on the National Commodity and Derivatives Exchange (NCDEX), which has been moving in a sideways trend since November last year, had its base at ₹4,900. While this acted as a strong support, the contract faced resistance at ₹5,200 and ₹5,320. The April contract, which moved out of this range in early February, rallied to ₹5,944 before three weeks an...

Soyabean might top ₹5,600 on NCDEX Akhil Nallamuthu BL Research Bureau | Updated on March 10, 2021 Belgium, France and Iran are the major buyers of Indian soyameal   -  Getty Images/iStockphoto×   Since October last year, the price of soyabean futures contract on the National Commodity and Derivatives Exchange (NCDEX) has been rallying with intermittent corrections. The March contract breached the psychological level of ₹5,000 in the final week of February, providing a boost for the upt...

Trend continues to be bullish for crude oil and the futures price is likely to move north further.The rally in futures on the Multi Commodity Exchange (MCX) contract began in November last year. Looki

The Crude Palm Oil (CPO) continuous futures contract on the Multi Commodity Exchange of India (MCX) has advanced 0.8 per cent on Monday and trades at around ₹1,049 per 10 kg.Since the contract took su