Nifty Trend, MCX Trend& NCDEX Trend - 07/12/12

Online, December 7, 2012 (Newswire.com) - Nifty Trend-07/12/2012
Markets continued trading towards higher side close to their crucial levels in the last half of trade which got triggered by domestic cues of FDI. Nifty future traded on lower side in the first half of trade but took strong support of 5850 and bounced towards the key level of 6000 with good volumes. If it maintains on higher levels then this bull rally may touch new highs while strong support is seen in the range of 5930-5880.

TREND: SIDEWAYS

SUPPORT : 5930 & 5880
RESISTANCE: 6000 & 6050

Major Market News:
Nifty closes inches behind 6000; Power, Bankex up 1%.
European stocks hit 2012 highs as ECB meets.
RIL gets USD 2.1 bn credit support from US Exim Bank.
Mphasis cons Q4 profit rises 14.36%.
ONGC gets project operator's nod for $ 5 billion Kashagan stake buy.

NCDEX TREND:

CHANA JAN. : SIDEWAYS
RESISTANCE 2 : 4070
RESISTANCE 1 : 4030
SUPPORT 1 : 3970
SUPPORT 2 : 3920

JEERA MAR. : SIDEWAYS
RESISTANCE 2 : 15400
RESISTANCE 1 : 15200
SUPPORT 1 : 14700
SUPPORT 2 : 14500

SOYABEAN JAN. : SIDEWAYS
RESISTANCE 2 : 3320
RESISTANCE 1 : 3280
SUPPORT 1 : 3200
SUPPORT 2 : 3170

PEPPER FEB. : SIDEWAYS
RESISTANCE 2 : 34000
RESISTANCE 1 : 33700
SUPPORT 1 : 33300
SUPPORT 2 : 33000

MCX TREND:

GOLD FEB. : SIDEWAYS
RESISTANCE 2 : 31620
RESISTANCE 1 : 31470
SUPPORT 1 : 31100
SUPPORT 2 : 30900

SILVER MAR. : SIDEWAYS

RESISTANCE2 : 63650
RESISTANCE1 : 63120
SUPPORT1 : 61850
SUPPORT2 : 61300

COPPER FEB. : SIDAWAYS
RESISTANCE2 : 444
RESISTANCE1 : 442
SUPPORT1 : 438
SUPPORT2 : 435

CRUDE DEC. : SIDEWAYS

RESISTANCE2 : 4790
RESISTANCE1 : 4740
SUPPORT1 : 4650
SUPPORT2 : 4620
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