VIEWS & TRADING STRATEGY FOR 27TH FEB. 2009

MCX Gold April: Supports are at 15130/15146 levels now. Ideally, we expect supports to hold for a rally towards 15453 or 15598. Fall below supports could test 14952 or even lower.S1: 15100 S2: 14800 R1: 15490 R2: 15670

MCX Silver Mar: Rise above 21887/21920 to test 22220 or even higher towards 22403. Supports are at 21704 followed by 21554. Fall below 21488 to dent our bullish expectations. S1: 21290 S2: 20600 R1: 22060 R2: 22500

MCX Copper April: Fall below 170 could signal weakness and a close below 1 68 could take prices lower again towards recent lows or even lower.However, for now while above 170/171 there are good chances of a test of 185/186 levels. S1: 175 S2: 170 R1: 178 R2: 183

MCX Crude Oil March : Important support is at 2206/2207 now. Failure to hold support here could lead it to 2177 and 2124. Favored view expects 2184 levels to hold for a rally towards 2360 levels. Fall below 2184 to cause doubts on our bullish view.S1: 2205 S2: 2130 R1: 2280 R2: 2374

MCX Zinc March: - Rise above 57.30 to test 58.15 or even higher towards 58.8. Supports are at 56.7 followed by 55.35. Fall below 55.3 to dent our bullish expectations.S1: 56.70 S2: 55.35 R1: 57.3 R2: 59.3

MCX Lead March: Dips to 51.9 and 51.1 to hold support for a bullish rise towards 54.0. This is our favored view. Fall below 51.0 to dent our bullish view.S1: 51.90 S2: 51.10 R1: 52.75 R2: 54.0

MCX Nickel March: Supports are at 509/510 levels now. Ideally, we expect supports to hold for a rally towards 523 or 538. Fall below supports could test 505 or even lower.S1: 505 S2: 496 R1: 517 R2: 538

MCX Natural Gas March: - Strong support is seen at 200 levels. Moves beyond 208 may take prices to 213 or even higher. Fall below 200 to dent our bullish expectations. S1: 204 S2: 200 R1: 209 R2: 213

TRADING STRATEGY ::
MCX GOLD APRIL ::