NCDEX Commodity Tips for June 7th, 2010: Buy and Hold Chana
June 7, 2010 by admin
Filed under Analyst's Corner, NCDEX Tips
NCDEX Commodity Tips and Call for 7th June: Buy & Hold NCDEX Chana July above 2167 Strict SL 2155, for Target follow the Fibonacci Levels shown on Chart (2178-2192-2204-2215).
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.
