Tuesday, February 5, 2013

04-02-13 Intraday MCX commodity market tips

Today in commodity market in red side, gold showing strong downwards trend on MCX. On MCX gold is expected to trade in the range of 30345- 29750. Currently on the opening day gold is looking very volatile for this week. While white metal on MCX opens at 58195 its last close is 58418, silver touch an intraday high of 58349 and low of 58195. Currently silver walking with bearish trend on MCX, silver have a good support level of 56650 with a resistance of 59160.

Buy gold above 30050 tgt 30100, 30200…30300………sl 29815

Sell silver below 58300 tgt 58240, 58165, 58100…58000…..sl 58968

Base metal on MCX showing a red flag, today aluminum open at positive side and trend is looking positive for intraday trading.  Last week top gainer nickel today opens slightly down from its last close it open at 989.80. Copper on the global market trying to recover its position, copper in china showing some positive trend in previous week that help domestic market copper price. For today’s trading copper have strong support level 439 with a resistance level of 448.

Buy copper above 444 tgt 444.50, 445, 4445.50…………..sl 441

Buy nickel above 990 tgt 992, 995, 998……sl 979

Buy zinc above 115.60 tgt  116, 116.50, 117………sl 113


Mentha and crude oil both are showing down trend and on MCX expected to trade with are flag.

Buy mentha oil above 1282 tgt 1285, 1290, 1295…………sl 1263

Today intraday calls

Buy cotton above 16680 tgt 16700, 16720, 16750……….sl 16630

Buy crude oil above 5183 tgt 5190 ,5200,5215………..sl 5157

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