Monday, 21 January 2013

MCX Commodity Tips For 21st Jan 2013



Base Metal :

MCX Copper seems to be slightly negative for the day. Support expected around 437 & 434; intraday resistance can be seen near 441 & 444. Day traders are advised to sell around 441 with SL 444, for the target of 437 & 434.

MCX Lead seems negative for the day. Support expected around 122.30, 121.10, intraday resistance can be seen near 124.50 & 125.60 Day traders are advised to Sell around 124.50 with SL 125.60 for the target of 122.30 & 121.10

MCX Nickel seems to be slightly positive for the day. Support expected around 936,928, intraday resistance can be seen near 955 & 964. Day traders are advised to buy around 936 with SL 928 for the target of 955 & 964.
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MCX Aluminium seems to be negative for the day. Support expected around 108.70, 107.70, intraday resistance can be seen near 110.70 & 111.80 Day traders are advised to Sell around 110.70 with SL 111.80 for the target of 108.70 & 107.70


Energy :

MCX Natural Gas seems positive for the day. Support expected around 186 & 183 intraday resistance can be seen near 191 & 194. Day traders are advised to buy around 186 with SL 183 for the target of 191 & 194.

MCX Crude oil seems slightly positive for the day. Support expected around 5120 & 5070; intraday resistance can be seen near 5190 & 5240. Day traders are advised to buy around 5120 with SL 5070, for the target of 5190 & 5240.

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