MCX Lead Dec: Buy around 159 | Buy NCDEX RM Seed | Buy NCDEX Cocud | Sell MCX Nickel | Indianotes.com


MCX LEAD DECEMBER: As expected Lead prices inched higher in the last session and ended at 160.15 gaining around 3 percent. On the higher side the immediate resistance is at 161 mark surpass above that will extend towards the trend line resistance of 165 levels. Therefore, we recommend buying around 159 levels for targets of 161 then 164 levels. Action: Buy


MCX NICKEL DECEMBER: Nickel prices exactly retreaded the resistance of 61.8% retracement mark and declined from the same and ended almost near the day’s low. Ahead, the commodity is likely extending its fall the next supports of 700 levels. So recommend selling around 725 levels for targets of 700 then 680 for the day. Action: Sell


NCDEX RM SEED DECEMBER:
In line with expectation RM seed prices inched higher during yesterday’s session and ended at 4104. The prices have surpassed the immediate swing high and now the trend looks firm on the chart and is likely to head till the 4200 then 4280 levels. Thus, we recommend buying around 4100 levels with stop loss at 4050 levels. Action: Buy


NCDEX COCUD DECEMBER:
Cocud prices slowly moved up from the supports and ended almost near the day’s high at 1607. According to the Ascending triangle pattern the trend is likely to remain firm and extend till 1657 then 1690 levels in short term. Thus, we recommend buying around 1600 levels for given targets. Action: Buy

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