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You are here : IndiaNotes >> Market Action >> Commodities >> Mustard Seed (Oil & Oilcake)

NCDEX Mustard: Prices to trade lower in short term, sell

Kotak Commodities | 06 Jan, 2015  | Follow Author | Add to my Favourites 
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NCDEX Mustard: Short Term Bearish

 



NCDEX Mustard as prices are trading in a primary uptrend indicated by higher highs higher lows. Recently prices have taken resistance near previous top at Rs. 4397 and witnessed sell off from higher levels. We expect prices to trade lower in short term and hence we recommend to go short till rise towards Rs. 4290 for the target of Rs. 4040 for the week.




About Kotak Commodities

Kotak Commodities is promoted by the Kotak family that has decades of experience in commodity trading, they have a full-fledged research division involved in macro & commodity complex research and commodity specific research. This is combined with a strong and well networked sales force, which helps deliver current and up-to-date market information and news. For more information visit their website.

 

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Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor IndiaNotes.com accept any liability whatsoever arising from the use of any of the above contents.

 




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