NCDEX Commodity Tips for June 8th, 2010: Buy NCDEX RM Seed July
June 8, 2010 by admin
Filed under General, NCDEX Tips
NCDEX Commodity Tips for June 8th, 2010: Buy NCDEX RM Seed July 525 with Strict Stop Loss of 523.5 For Target of 531-535
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.
