VIEWS FOR 11th NOVEMBER 2008

MCX Gold (December): Back in its volatile range again. Near-term support at 11610 followed by 11328 now. Favoured view still expects a break of 11998 as long as 11142/11172.S1: 11450 S2:11388 R1: 11615 R2: 11700

MCX Silver December: Supports are at 16751 followed by 16383 now. Break below 16380 could drag prices lower towards 15281/15370 levels. S1:16700 S2:16450 R1:17250 R2:17600

MCX Crude Oil November: Dips could be held near 2881/2895 or max 2840 for a rise towards 3035 or higher like 3077.Risk is set below 2833. Next support at 2800 $ 2761.S1: 2845 S2: 2800 R1: 2915 R2:2985

MCX Copper November: - Choppiness continues in the base metal complex. Near-term support is at 180/181 now. Unexpected fall below this level could once again bring our target at 145 in focus.S1: 182 S2: 178 R1: 193 R2:199

MCX Zinc Nov :- A break of the broad range 52.0-56.5 will decide the next directive move. Favored view expects a fall. S1: 51.55 S2: 50.00 R1: 54.00 R2: 55.15

MCX Lead Nov :- Expect up ticks to find resistance at 69.5 levels for a fall towards support levels at 64.0 levels .A direct rise above 69.5 would be a bullish sign S1: 64.20: 63.00 R1: 66.35 R2: 67.70

MCX Nickel Nov: A break of the broad range 578 , 525 would decide the next directive move. Favored view expect up ticks to find resistance at 565-578 levels. S1: 535 S2: 525 R1:565 R2: 585

MCX Natural Gas Nov: Expect up ticks to find resistance at 345-350 zones to fall lower towards 335-327 levels . Only a rise above 352 would be considered bullish.S1: 335 S2: 327 R1: 342 R2: 349