VIEWS FOR 30th SEPTEMBER

MCX Gold (October): In line with our expectations. Dips to 13530/13485 to support for a break of 13940 and a possible test of 14550/14580 now. Fall below 13304 could dampen the bullish expectation.S1: 13400 S2:13350 R1:13500 R2: 13555

MCX Silver December: As expected a break below 20800 sent silver futures falling lower. Important resistance is at 21600/21650 and move above this level could induce bullish hopes for a 24090.S1: 20790 S2: 20595 R1: 21060 R2: 21200

MCX Copper November: As expected, we saw a huge fall in copper coming to our target levels at 297.20. Indicators warn of a pullback but possibilities of a further fall towards 279 looks likely. Any pullbacks could find strong resistance at 310/313 levels now.S1: 299 S2: 296 R1: 307 R2: 311.50

MCX Crude Oil October: While above 4498 a corrective rise towards 4600or 4650 is anticipated. Ideally the correction should end without crossing above 4700. Next decline could target levels like 4330/4252. Rise past 4700 could suggest that a stronger bullish reaction is evolving.S1: 4580 S2: 4530 R1: 4680 R2: 4725

MCX Zinc Oct: As long as 80.9-81.5 levels resist, expect prices to move lower towards 77.5 levels or even lower. However a rise above 83.30 would negate this bearish view. S1: 78.4 S2: 77.00 R1:81.50 R2: 83.10

MCX Lead Oct: As long as 87.5.5-88.5 levels resist , expect prices to fall towards 82.60 levels or even lower. However a rise above 90.80 would negate this bearish view.S1: 84.10 S2: 82.90 R1: 87.10 R2: 88.50

MCX Nickel Oct: Rallies to 790/794 could cap the upside for a fall towards 750 followed by 745 levels.It needs to rise above 804 to give up this bearish expectation.S1: 771 S2: 761 R1: 790 R2: 800

MCX Natural Gas Oct: Rallies to 350/352 could cap the upside for a fall towards 332/333 followed by 330 levels. It needs to rise above 356 to give up this bearish expectation.S1: 340 S2:336 R1:348 R2: 353