Thursday, March 31, 2011

MCX Intraday Calls and Trading Tips on the Basis of Daily Commodity Market Technical Report


BULLIONS:

Commodity Contract Month LTP S2 S1 R1 R2
Gold
Apr
20715
20520
20586
   20766
 20808
Silver
May
55763
 54600 55100
56280
56780

Trading Calls:
Sell MCX Gold at Rs. 20750 stop loss at 20808 target - 20640-20580 ranges.

No Trade in MCX Silver. 

METALS:

Commodity Contract Month LTP S2 S1 R1 R2
Copper
Apr
423.55
416
421
436
441.8
Zinc
March
104
102
103.2
  105.8
108.7
Lead
March
120.75
117
118.2
122.80
124
Nickel
March
1166.2
1152
1161
1207
1227

Trading Calls:
Sell MCX Copper below 430.5 revise stop loss above 428.5 target 416-411 ranges.

Buy MCX Zinc around 103 stop loss below 102.40 target 105.2-106.5 ranges.

Sell MCX Lead at open market stop loss at 124 target 119.4-118.5 ranges.

Sell MCX Nickel at Rs. 1170 stop loss above 1182 target 1160-1154 ranges.

ENERGY: 

Commodity Contract Month LTP S2 S1 R1 R2
Crude Oil
Apr.
4689
 4550
4625
4744
4798
Natural Gas
Apr.
195.7
188
194
206.6
211

Trading Calls:

Sell MCX Crude Oil in the ranges of Rs. 4700 stop loss above 4744 target 4665-4635 ranges.
Buy MCX Natural Gas above Rs. 196.6 stop loss below at 194 target 199-201
ranges.

Followers