views and trading stratergy for 2nd april

MCX Gold June: As expected we saw a rise towards 15125-15195 levels. Supports are at 14946
followed by 14850 now. Favored view expects supports to hold for a rally towards 15220 or even higher.
Unexpected fall below 14830 to cause doubts on our bullish view.S1:14970 S2:14885 R1:15190 R2:15260
MCX Silver May: Resistances are at 21990/22025 followed by 22310/22360 levels.Important support is at
21440/21470. Favored view expects supports to hold for a rally towards 22630 or even higher.S1: 21460 S2: 21180 R1: 22050 R2: 22450
MCX Copper April: Supports are at 201 levels now. As long as crucial support at 196 remains
undisturbed we expect the bullishness to continue and rally higher towards 217/218 levels.S1: 201 S2: 196 R1: 210 R2: 218
MCX Crude Oil April : Rally above 2460 has opened the way for bullishness again. Resistances
are at 2545 followed by 2570. Supports are at 2420 followed by 2400. Unexpected fall below 2375
to cause doubts on our bullish view.S1: 2400 S2: 2375 R1: 2525 R2: 2560
MCX Zinc April: Supports are now at 64.9.Unable to hold this support may take prices further down
to 63.6 levels.Direct rise above 66.8 may take prices to 68 levels where it can find resistance. S1: 65.85 S2: 64.9 R1: 66.7 R2: 67.45
MCX Lead April: Strong supports are at 62.7 and 60.3 levels.Prices are likely to test support at 60.3.
If support at 62.7 holds prices may move up towards 65.6 levels.S1: 62.7 S2: 60.3 R1: 63.95 R2: 65.6
MCX Nickel April: Dips to 507/509 levels could find support for a move higher towards 524 levels now.
A fall below 509 would negate this view.S1: 510 S2: 502 R1: 518 R2: 525
MCX Natural Gas April : -. Prices have found support at 186/187 levels. Close above 198 may initiate up
rallies towards 205/208 levels. Moves below 186 may take prices further down to 180 levels. S1: 186 S2: 182 R1: 192 R2: 198

mcx gold trading stratergy:The trend is down but a short-covering is likely to be witnessed.
Ideally, cover short positions at market price and on dips to Rs. 15040 – Rs. 14985 as the opportunity arises.
Sell on fall below Rs. 14937.
As the trend is down, to minimize risk, intra-day traders can wait for a rise above Rs. 15193 and when it falls below Rs. 15193 then sell with whatever high registered above Rs. 15193 as a stop loss. Subsequently, book profits at Rs. 15089 – Rs. 14985 range or below.

mcx silver trading stratergy:The trend is down.
Sell on fall below Rs. 21587 with stop loss of Rs. 22141.
Add more on fall below Rs. 21250.
As the trend is down, to minimize risk, intra-day traders can wait for a rise above Rs. 21954 and when it falls below Rs. 21954 then sell with whatever high registered above Rs. 21954 as a stop loss. Subsequently, book profits at Rs. 21771 – Rs. 21551 range or below

nymex crude;
Nymex Crude Last 48.95
Prices are still held within the bearish channel, but dips
to 48.2 is likely to offer a chance to accumulate and
attempt a break of 49.7/50.2 region above which we can
expect a free move up towards 52


Comex Copper Last 1.88
Broad trend is BULLISH targetting $2, however 1.882/5
may prove challenging. Anticipation of a poor NFP data
could cap gains.
BUY DIPS


GOLDspot: Last 927
Initial moves are likely to take support at 924 and attempt another go at breaking the
933/935 level, which is looking formidable now. If this region gives away 939-943 should
attract prices, but rallies are unlikely to evolve unless 951/967 are broken.Meanwhile,
tendency to take prices lower would be alive as ECB is expected to cut rates by 50bps and
announcement unconventional policy measures. Possibility of such a downside move would
evolve once 919 gives away.