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MCX Index crucial level: 2554.5
Once MCX index will break, then we may see continue downfall up to 2548-2540. Keep in mind, crucial level is just like a support so if it will hold above the crucial level then we may see 2565-2577-2583+ levels.
NCDEX Market index is rising since 4 weeks, but yesterday market opening it had started falling. Agri-commodity traders must have eyes on 2919 level. The 2919 is a small support. If that breaks support, then we may see downfall up to 2900 level.
I’m damm sure it will open positive, but not sure about today uptrend! Uptrend will being if crude oil breaks and stay above, 2478 level. If that’ll happen then definitely we see 2525+ levels.
But in current situation we’re looking 2416-2382 levels.
Hurdle: 101.1
Targets: 99.8-99.4
Hurdle level is very important. If it holds the hurdle for 1-2 hours, then it can hit 102-102.8+ levels in a few hours. In commodity market aluminium is a sweet poison so always be careful with it.]
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