views and trading stratergy for monday 6 th april

MCX Gold June: Any rallies to 14600 to resist upside attempts quite strongly for a push to next levels at 13995/14010 or ideally 13700.Rise above 14790 could lead it up towards nearer resistance levels at 14870, 15115 or even 15180.Only a rise above 14790 would suggest the possibility of the end of a downward correction. S1: 14420 S2: 14290 R1: 14600 R2: 14720

. MCX Silver May :Favoured view expects a fall to 20400/19900 area initially.Resistance levels are at 21455, 21520 ,21570. Rise above 21723 would change this view.S1: 20815 S2: 20510 R1: 21550 R2: 21900

MCX Crude Oil April : The view is bullish for a rise towards 2820/2845. Supports are around 2580 2540. It has to fall below 2500 to give up this bullish view as such a fall could take it down to next levels at 2445 or even 2385.S1: 2570 S2: 2500 R1: 2650 R2: 2725

MCX Copper April: There is good scope for a corrective dip towards 210/211 levels on the back of heavily overbought indications.Supports are at 213/214 followed by 211. Fall below 206 could damage the bullish picture. S1: 213 S2: 206 R1: 224 R2: 230

MCX Zinc April: Close above 68.0 indicates bullishness. Up moves may take prices further high Moves below 65.0 may negate our bullish view.S1: 65.0 S2: 63.0 R1: 67.0 R2: 69.4

MCX Nickel April: Prices may consolidate for some time. Dips to 530/533 levels could find support for a move higher again towards 560 levels. A fall below 527 would negate this view.S1: 533 S2: 527 R1: 550 R2: 560

international spot gold;The channel had got violated some days back. It has tested the 38.2% retracement of the rise from 681$ to 1006$.
The 38.2% retracement was earlier tested in last couple of week and once again it has moved below the same in the early morning session. The 38.2% retracement is placed at 882$.
On further sustained fall and close below 882$, expect a slide down towards 844$ at least and to an outer extent to 806$.
Traders holding short positions can maintain a stop loss at 910$

nymex crude oil:Resistance will be at 54$-56$.
The higher bottom is placed at 47.20$.
Use rise towards 54$-56$ to book profits.
Re-enter long positions on close above 56$.

spot silver:
Last week’s low of 12.56$ has been violated in the early morning session.
Expect the low of 11.89$ to be tested.
Traders holding short positions can maintain a stop loss of 12.77$.
Resistance will be at 12.56$-12.65$.
Sell on rise to 12.56$-12.65$ with a stop loss of 12.77$.

mcx gold trding stratergy:The trend is down.
Sell at market price and on rise to Rs. 14582 – Rs. 14657 with stop loss of Rs. 14714.
Expect a fall towards Rs. 14449 – Rs. 14374.
On sustain fall, prices could touch important support area of Rs. 14240 – Rs. 14030.
As the trend is down, to minimize risk, intra-day traders can wait for a rise above Rs. 14582 and when it falls below Rs. 14582 then sell with whatever high registered above Rs. 14582 as a stop loss. Subsequently, book profits at Rs. 14449 – Rs. 14374 range or below

mcx silver trading stratergy;-The trend is down.
Sell at market price and on rise to Rs. 21328 – Rs. 21507 with stop loss of Rs. 21555.
Expect a fall towards Rs. 21100 – Rs. 20920.
As the trend is down, to minimize risk, intra-day traders can wait for a rise above Rs. 21328 and when it falls below Rs. 21328 then sell with whatever high registered above Rs. 21328 as a stop loss. Subsequently, book profits at Rs. 21100 – Rs. 20920 range or below.