Tuesday, May 3, 2011

Mcx Trading

Star performance but time to exit long and sell side.....We are bearish and buying call below 73000.......
Silver price remain bearish.....due impose a fresh margin as well as profit booking

Yesterday it was made a high 67442 and finally lower level freeze were saw resulted more down side opening (63785)...... Ultimate target 6000 mark. Three close below 60000 down side target ...............?.
Today support 61762........below....free fall.

NICKEL TIPS (MAY) :Trend is very bullish..... We may consider support 1180 and resistance 1250.... Close watch this range.... Break or break down will one side move. On weakness to buy side with tight stop loss. 

Today support range 1190-1200 range whereas the buying opportunity. Today if not trade above 1222.....in first hrs trade.....short term selling opportunity. 

LEAD TIPS (MAY) : Over all trend is bullish . Down side support is 110 watch out as hold this level, bull move continue. Higher level resistance 115 and lower level support 112 to be watch out please. 

COPPER TIPS (JUNE) : Sell on rise strategy... Last it was made a high 439 and low 412....... In this week it will face resistance 423-425 remain below weakness continue in this counter. Looks good and decline to buy side.
Today support 420 , hold this level to buy side.. resistance 425-428 range.

ALUMINIUM TIPS (MAY) : Bullish break out..........Hold 123 with volume decent move can not be ruled.
Buy on Decline -with consider support range 120 or below..

Consider major support 200-205 range hold this level target 220.
Do not panic at lower level......Bullish break out....buy and buy only....

1 comment:

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