NCDEX Pepper July Contract, prices on its 15-Min. chart are following Divergence between RSI & prices & RSI is reverting from its overbought zone.

Recommendation: Sell NCDEX Pepper July below 17000 SL 17135 TGT 16770.

Contributed By: Deepak Jain CFA, ICFAI, Hyderabad

NCDEX RM Seed July Contract, prices on its 15-Min. chart has formed Inverted Head & Shoulder.  There also exists Divergence between RSI & prices.

Recommendation: Commodity Tips: Buy NCDEX RM Seed July above 522 SL 520.5 TGT 524.5

NCDEX Wheat July Contract, prices on its 4-Hourly chart are following Divergence with Prices with RSI & falling. Breakout form the lower trendline is at 1280.

Hot Commodity Tip: 1-2 Day Sell NCDEX Wheat July below 1280 SL 1292 TGT 1265-1250

Contributed By: Deepak Jain CFA, ICFAI, Hyderabad.

NCDEX Soya Oil July Contract, prices on its 1-Hourly chart has already given breakout & facing resistance at 443.5, a move above it will open its way for higher targets

NCDEX Tips: 1-2 Day Buy NCDEX Soya Oil July above 443.6 SL 441.5 TGT 445.90-447.85.

Contributed By: Deepak Jain CFA, ICFAI, Hyderabad.

NCDEX Chana July Contract, prices on its 1-Hourly chart are following Divergence with RSI & rising.

Prices are close to Breakout from the upper trendline at Rs. 2152.

NCDEX Commodity Trading Tip and Strategy: 1-2 Day Buy NCDEX Chana July above 2152 SL 2131 TGT 2183-2205.

Contributed By: Deepak Jain CFA, ICFAI, Hyderabad.

NCDEX Jeera July Contract, prices on its Daily chart are reversing & are close to trendline breakout i.e. at Rs. 12040. On indicator front, RSI indicator is rising from its lows & showing strength.

Recommendation: 2-3 Day Buy NCDEX Jeera July above 12040 SL 11850 TGT 12300-12600

Contributed By: Deepak Jain CFA, ICFAI, Hyderabad.

NCDEX Guar Seed July Contract, prices on its 4 Hourly chart has formed Right-angled Descending Triangle Formation after taking support at Rs. 2189, along with positive divergence with RSI indicator.

Breakout from the formation is at Rs. 2225. If Prices give breakout with good volumes Guarseed could be bought for Target of Rs. 2254-2276

Recommendation: 1-2 Day Buy NCDEX Guarseeds July above 2225 SL 2197 TGT 2255-2275

Contributed By: Deepak Jain CFA, ICFAI, Hyderabad.

NCDEX Guar Gum June Contract, prices on its Daily chart has formed White Morubozu candle-stick which indicates strong buying pressure in Guar Gum. Prices are close to resistance at 4775, a move above this will trigger buying with TGT of 4850 which is next Resistance whereas support is seen at 4720.

On indicator front RSI & MACD both are rising from bottom.

NCDEX Trading Strategy for 10th June, 2010: Buy NCDEX Guar Gum June above 4775 with Stop Loss of 4718 for Target of 4850.

Contributed By: Deepak Jain CFA, ICFAI, Hyderabad.

NCDEX RM Seed July Contract, prices on its 1-Hourly chart has formed Falling Wedge Formation which is a bullish reversal formation. Prices have already given breakout from the formation at Rs. 526 with good volumes & are now resisting at Rs. 528.

On indicator front RSI & MACD both are forming Double Bottom Formation indicating up-move from here.

NCDEX COMMODITY TRADING STRATEGY FOR 8TH JUNE, 2010: Buy NCDEX RM Seed July 525 Strict SL 523.5 TGT 531-535

Contributed By: Deepak Jain CFA, ICFAI, Hyderabad.

NCDEX Chana June Contract, prices on its 15-Min. chart has formed Double Bottom Formation on bottom & reversing. Breakout from the formation is at Rs. 2167.

The MACD on indicator front is about to cross its moving average which is a bullish indication.

We suggest to Buy & Hold NCDEX Chana July above 2167 Strict SL 2155, for Target levels, follow the Fibonacci Levels shown on Chart (2178-2192-2204-2215)

Contributed By: Deepak Jain CFA, ICFAI, Hyderabad.