Thursday, April 14, 2011

MCX Trading Tips: Support and Resistance levels of MCX Commodity Market

Buy MCX Copper above Rs. 424.20, stop loss Rs. 422.70 and target Rs. 426.50/427.80

Buy GOLD MINI around Rs. 20660 - 20680 with stop loss of Rs. 20546 and target Rs. 20900

Sell Natural Gas below Rs. 181.2 with stop loss of Rs. 182.4 and  target Rs. 177.8  
 
GOLD (JUN)
Trends - Bullish
R2 - 21780
R1 - 21480
S1 - 21050
S2 - 20750

SILVER (MAY)
Trends - Bullish
R2 - 61100
R1 - 60230
S1 - 59000
S2 - 58000

COPPER (APR)
Trends - Consolidate
R2 - 435
R1 - 429
S1 - 418
S2 - 411

LEAD (APR)
Trends - Consolidate
R2 - 125.60
R1 - 123.60
S1 - 118.85
S2 - 116.60

NICKEL (APR)
Trends - Consolidate
R2 - 1242
R1 - 1202
S1 - 1135
S2 - 1085

ZINC (APR)
Trends - Consolidate
R2 - 112.25
R1 - 109.75
S1 - 105.50
S2 - 103.15

CRUDE OIL (APR)
Trends - Consolidate
R2 - 4870
R1 - 4800
S1 - 4665
S2 - 4585

NATURAL GAS (APR)
Trends - Consolidate
R2 - 196
R1 - 191
S1 - 181
S2 - 176

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