Tuesday, April 5, 2011

MCX Intraday Trading Tips and Technical Report of Indian Commodity Market for today 05 April 2011


Commodity
(MCX)
Contract Month LTP S2 S1 R1 R2
Gold
June
20943
 20805
 20925
 21016
21118
Silver
May
56682
 55600
55900
56780
57200
Copper
April
419
  411
416
 423.8
428.5
Zinc
April
107.90
 103.2
 106
 108.5
 111.4
Lead
April
124.2
 119.2
 122
124.8
  127
Nickel
April
1140
 1112
 1132
 1162
1184
Crude Oil
April
4811
 4678
 4750
 4844
4894
Nat. Gas
April
192.7
 182
 188
199.5
  206.6

Recommendations or Trading Calls:
BULLIONS:
Sell MCX Gold at Rs. 20960 stop loss at 21020, target 20900-20870 ranges.
No Trade in MCX Silver.
BASE METALS:
Positional hold MCX Copper Sell taken below Rs. 430.5 revise stop loss above
423.5, target 416-411-405 ranges.
Buy MCX Zinc around Rs. 106.5 stop loss below 105.80, target-107.8-108.5 ranges.
Sell MCX Lead at open market stop loss at 124.8 target 119.4-118.5 ranges.
Sell MCX Nickel at Rs. 1145 stop loss above 1160, target 1130-1124 ranges.
ENERGY:
Sell MCX Crude Oil in the ranges of Rs. 4850-4860 stop loss above 4894, target 4795-4778 ranges.Sell MCX Natural Gas at Rs. 195.5 stop loss above at 199.5, target 191-189 ranges.

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