Thursday, January 13, 2011

Commodity Tips Free Trial

Last week it was broken 45500 and almost closed with a big losses of 1972 points week to week basis. Now we may consider support 43000 and below further down side, higher level resistance 45000-45500... Short term trend is bearish.....and avoid fresh long... Resistance today 44400-44500..... Below 45000 short term weakness. 

In International market, silver trading above $29 which is bullish sign for it. Silver taking good support at 44500. Below this level it can go till 43800. Upper side it will move till 45600.
We may consider support 110 as and when hold no problem of this counter... Small trading range watch out.....

This counter bounced from 118. Now taking strong support at 120. Now it can move upward till 125 but at 123 it will face resistance.

 Short term up move over and time to rise to sell remain below 450..... Now in this week we may consider resistance 435-442 and support 425-420 range...... .. Still hold support level.. now resistance 445-450 watch out...and sell side.. Close above 455 one side move. 

Yesterday this counter crossed and closed above 440. We mentioned this since last 3 days "To move upward it has to cross 439 for next target of 455. Considering economic scenario of industries, this counter is still strong and lower level buying can not ruled out". Now next target is 455-462.

We may consider support 110.... For any long side and your stop loss too. Today resistance 115 to be watch out.... Higher level some profit booking continue. 

Trading range 190 to 213 to be watch out......break out will move one side move. Time being avoid...
Trading range 4000 to 4150........break out will one side move. Any dip or panic to buy side .... Ultimate target US $ 104. Around 4100 start buying in small lots.

Yesterday this counter was range bound and whole day moved in the range of 4121 & 4171. Although inventory data was not very positive on a week to week basis but this counter successfully maintain its strength. Crude taken support at 4098 and will face resistance at 4200.

Weeks after Reserve Bank of India (RBI) clamped down on the main conduit Indian companies use for paying Iranian oil, the Persian Gulf country has agreed to sell crude oil on credit this month. Iran has agreed to sell crude oil on credit this month pending resolution of the gridlock," a senior official said. 

Yesterday Zinc took good support at its 20 DEMA of 108.90. It bounced back from just above this support level and traded till 111.65. This counter is also bullish and it can go till 114.

1 comment:

  1. Traders can learn good facts on market with the help of posts like these. While trading in precious metals, MCX Tips of market researchers can be considered for positive results.