NCDEX Support and Resistance for 26th December 2012
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- Trading as per support and resistance levels may be quite useful for intraday trading in commodities.
- Resistance is termed as the level where the commodity generally gets some opposite force before it can go further up.
- A support is the level where a Commodity get buying interest before it can fall further.
- Under the normal market conditions or in the absense of some extremely panic news the support and the resistance levels can act as good levels for initiating the buying/selling.
- In general, it is advisable to buy the commodities at support levels and sell at the resistance levels.
- In Intraday, there are few support and resistance levels known as Support1, Support2, Resistance1, Resistance2, etc.t
Chana, Jeera and Soya Bean Support and Resistance Levels for 26th December 2012;
NCDEX Support and Resistance for 26th December 2012
Commodity |
Sup 2 |
Sup 1 |
Pivot |
Res1 |
Res 2 |
Chana Jan-13 |
3985 |
4005 |
4032 |
4052 |
4079 |
SoyaBean Jan-13 |
3162 |
3196 |
3255 |
3289 |
3348 |
Jeera Mar-13 |
15033 |
15154 |
15353 |
15474 |
15673 |