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NCDEX Support & Resistance for 10th January 2013

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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 10th January, 2013;

Commodity

Sup 2

Sup 1

Pivot

Res1

Res 2

Chana  Jan-13

4051

4077

4093

4119

4135

SoyaBean Jan-13

3067

3103

3136

3172

3206

Jeera Mar-13

13826

13972

14231

14377

14636