Tuesday, March 29, 2011

MCX Trading Tips and MCX Intraday Calls: Daily Commodity Market Technical Report

Bullions:

Commodity Contract Month LTP S2 S1 R1 R2
Gold Apr
20728
20520
20645
20808
20925
Silver May
55426
54100
54600
55550
56280

Trading Calls:

Sell MCX Gold at 20750 stop loss at 20808, target 20700-20640 ranges. 
MCX Silver No Trade.

Energy:
Commodity Contract Month LTP S2 S1 R1 R2
Crude Oil
Apr
4719
4625
4675
4744
4798
Natural Gas
Apr
205
195
201
206.6
211

Trading Calls:
Sell MCX Crude Oil in the ranges of 4750 stop loss above 4785, tgt 4705-4675 ranges.

Buy MCX Nat. Gas above 206.6 stop loss below at 203 target-209-211 ranges.


Base Metals:

Commodity Contract Month LTP S2 S1 R1 R2
Copper
Apr
432.6
425
430.5
436
441.8
Zinc
March
104.45
102
104.5
108.7
112
Lead
March
119.75
117
119
121
124
Nickel
March
1177.5
1160
1172
1207
1227

Trading Calls:
Sell MCX Copper below 430.5 stop loss above 435.8 target 421-416 ranges.
Buy MCX Zinc around 104 stop loss below 103.40 target 107.2-108.5 ranges.

Sell MCX Lead at open market stop loss at 121 target 119.4-118.5 ranges.
Sell MCX Nickel at 1185 stop loss above 1198 target 1170-1164 ranges.

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