MCX Tips for Intraday Trading 4th Jan 2012

Bullion :

MCX Gold Contract is looking positive for the day. Market may find support near 30940 & 30830; intraday resistance can be seen near 31070 & 31180. Day traders are advised to buy intraday on dips. (Buy around 30940 with SL 30830, for the target of 31070 & 31180.)

MCX Silver Contract is looking positive for the day. Market may find support near 58600 & 58100; intraday resistance can be seen near 59100 & 59600. Day traders are advised to buy intraday on dips. (Buy around 58600 with SL 58100, for the target of 59100 & 59600.)

Base Metal :

MCX Copper February contract is looking slightly positive for the day. Market may find support near 448 & 445; intraday resistance can be seen near 452 & 456. Day traders are advised to buy intraday on dips. (Buy around 448 with SL 445, for the target of 452 & 456.)

MCX Lead  contract is looking slightly positive for the day. Market may find support near 128.90, 127.70, intraday resistance can be seen near 130.90 & 132.10 Day traders are advised to buy intraday on dips. (Buy around 128.90 with SL 127.70 for the target of 130.90 & 132.10)

MCX Nickel  contract is looking slightly positive for the day. Market may find support near 951, 942, intraday resistance can be seen near 964 & 975. Day traders are advised to buy intraday on dips. (Buy around 951 with SL 942 for the target of 964 & 975.)

MCX Aluminium contract is looking slightly positive for the day. Market may find support near 113.90, 112.80, intraday resistance can be seen near 115.60 & 116.80 Day traders are advised to buy intraday on dips. (Buy around 113.90 with SL 112.80 for the target of 115.60 & 116.80)

Energy :

MCX Natural Gas contract is looking negative the day. Market may find support near 173 & 170 intraday resistance can be seen near 178 & 181. Day traders are advised to sell intraday on rise. (Sell around 178 with SL 181 for the target of 173 & 170.)

MCX Crude oil  contract is looking positive for the day. Market may find support near 5050 & 5000; intraday resistance can be seen near 5110 & 5160. Day traders are advised to buy intraday on dips. (Buy around 5050 with SL 5000, for the target of 5110 & 5160.)