Target1 1028 Achieved in NICKEL Today Buy Call at 1014-1017. With a
Thursday, March 25, 2010
TGT 1 REACED IN NICKLE
BOOK PART IN NICKLE
Book Partial Profit in NICKEL 1025 Today Buy Call at 1014-1017. With a
Exit NICKEL Sell Call Given Range 1010-1012. Exch:MCX (LOW 1006.50 CMP 1015) :: Time 03.35pm
Buy NICKEL Fut March at 1014-1017 SL Below 1004 Target1 1028 Target2 1038 :: Exch:MCX :: (Please maintain Strict SL) :: Time 03.40pm
Buy COPPER Fut April at 336.50-336.80 SL Below 33.80 Target1 340 Target2 342.50 ::Exch:MCX :: (Please maintain Strict SL) :: Time 03.42pm
SELL NICKLE
Sell NICKEL Fut March at 1010-1012 SL 1022 Target1 1000 Target2 992 Exch:MCX (Please maintain Strict SL)
MCX & COMEX EXPECTATIONS FOR 25TH MARCH 2010
EXPECTATIONS FOR 25TH MARCH 2010 ::
MCX GOLD TRADING STRATERGY ::
Hold short positions with a stop loss of 16462.
Sell on rise to 16338-16402 with a stop loss of 16462.
Expect lower range of 16216-16030 to be tested.
The RSI is moving down along with the price therefore near term slide towards lower range is likely. RSI is likely to move below 30 mark
SILVER MCX TRADING STATERGY ::
Sell on rise to 26332-26471 with a stop loss of 26602.
Expect lower range of 26085-25699 to be tested.
On close below 25890 the slide can get accelerated subsequently.
SPOT SILVER ::
Sell on rise to 16.69$-16.86$ with a stop loss of 17$.
Expect lower range of 16.38$-15.91$ to be tested
SPOT GOLD ::
Sell on rise to 1092-1100$ with a stop loss of 1109$.
Expect lower range of 1080$-1060$.
A trend line breakdown has been witnessed of short term and long term also.
A follow up fall now get shown a downside momentum on Gold
NYMEX NATURAL GAS ::
Hold short positions with a stop loss of 4.18$.
Cover short positions on dip to 4.10$-4.06$ as the opportunity arises.
Buy on rise above 4.18$ with low of the day stop loss or 4$ whichever is lower.
Sell below 3.99$ with high of the day stop loss
NYMEX CRUDE ::
Sell on rise to 80.7-81.5 with a stop loss of 82.20$.
Expect lower range of 79.8-78$ to be tested.
On fall and close below 78$ expect a slide.
Broadly a sideways movement between 84$-78$ is likely
MCX VIEWS ::
MCX Gold April: An Initial target at 16275 has been met. A pullback to 16395/16425 looks likely now. Can extend towards 16470 levels too.Ideally, this resistance to cap for a decline towards 16110 or even lower
S1: 16225 S2: 16145 R1: 16365 R2: 16445
MCX Silver May: Pullback to 26420 followed by 26720 levels look likely. While below 26910 we expect declines to 25645/25725 from where a good recovery might take place .
S1: 26060 S2: 25880 R1: 26400 R2: 26580
MCX Copper April: 333 still remains a crucial support. While this level holds, we still expect prices to reach our upside targets at 352-354 levels.Daily close below 332 will force us to abandon our bullish expectations. Such a fall could 330 followed by 317.
S1: 333 S2: 329 R1: 340 R2:344
MCX Crude Oil April: Resistances are at 3703 followed by 3724 levels now. Resistances to cap for a decline to 3621 followed by 3559. Unexpected rise above 3747 could cause doubts on our bearish view.
S1: 3655 S2 3615 R1: 3725 R2: 3765
MCX Lead Mar: Rallies to 93.50/94.25 to be sold s/l 95.75 target 90.25.
S1: 91 S2: 90 R1: 93 R2: 94
MCX Nickel Mar: Initial support is at 1003/1005 followed by 995/997 now. While above these levels, prices could still consolidate and rise higher 1045. Direct fall below 993 to open the downside for 950 levels.
S1: 1004 S2: 992 R1: 1024 R2: 1036
MCX Zinc Mar: Pullback to 101.35/101.85 looks likely. Big picture structures are quite bearish for 97.50 or even lower. Ideally, resistance in the 102 zone could prove another opportunity to sell with s/l at 103.50.
S1: 99 S2: 98 R1:101 R2: 102
MCX Natural Gas Mar: While below 191, look for a further dip towards 181 or even lower.
S1: 185 S2: 181 R1: 191 R2:195
ENJOY TRADING !!!!
Hold short positions with a stop loss of 16462.
Sell on rise to 16338-16402 with a stop loss of 16462.
Expect lower range of 16216-16030 to be tested.
The RSI is moving down along with the price therefore near term slide towards lower range is likely. RSI is likely to move below 30 mark
SILVER MCX TRADING STATERGY ::
Sell on rise to 26332-26471 with a stop loss of 26602.
Expect lower range of 26085-25699 to be tested.
On close below 25890 the slide can get accelerated subsequently.
SPOT SILVER ::
Sell on rise to 16.69$-16.86$ with a stop loss of 17$.
Expect lower range of 16.38$-15.91$ to be tested
SPOT GOLD ::
Sell on rise to 1092-1100$ with a stop loss of 1109$.
Expect lower range of 1080$-1060$.
A trend line breakdown has been witnessed of short term and long term also.
A follow up fall now get shown a downside momentum on Gold
NYMEX NATURAL GAS ::
Hold short positions with a stop loss of 4.18$.
Cover short positions on dip to 4.10$-4.06$ as the opportunity arises.
Buy on rise above 4.18$ with low of the day stop loss or 4$ whichever is lower.
Sell below 3.99$ with high of the day stop loss
NYMEX CRUDE ::
Sell on rise to 80.7-81.5 with a stop loss of 82.20$.
Expect lower range of 79.8-78$ to be tested.
On fall and close below 78$ expect a slide.
Broadly a sideways movement between 84$-78$ is likely
MCX VIEWS ::
MCX Gold April: An Initial target at 16275 has been met. A pullback to 16395/16425 looks likely now. Can extend towards 16470 levels too.Ideally, this resistance to cap for a decline towards 16110 or even lower
S1: 16225 S2: 16145 R1: 16365 R2: 16445
MCX Silver May: Pullback to 26420 followed by 26720 levels look likely. While below 26910 we expect declines to 25645/25725 from where a good recovery might take place .
S1: 26060 S2: 25880 R1: 26400 R2: 26580
MCX Copper April: 333 still remains a crucial support. While this level holds, we still expect prices to reach our upside targets at 352-354 levels.Daily close below 332 will force us to abandon our bullish expectations. Such a fall could 330 followed by 317.
S1: 333 S2: 329 R1: 340 R2:344
MCX Crude Oil April: Resistances are at 3703 followed by 3724 levels now. Resistances to cap for a decline to 3621 followed by 3559. Unexpected rise above 3747 could cause doubts on our bearish view.
S1: 3655 S2 3615 R1: 3725 R2: 3765
MCX Lead Mar: Rallies to 93.50/94.25 to be sold s/l 95.75 target 90.25.
S1: 91 S2: 90 R1: 93 R2: 94
MCX Nickel Mar: Initial support is at 1003/1005 followed by 995/997 now. While above these levels, prices could still consolidate and rise higher 1045. Direct fall below 993 to open the downside for 950 levels.
S1: 1004 S2: 992 R1: 1024 R2: 1036
MCX Zinc Mar: Pullback to 101.35/101.85 looks likely. Big picture structures are quite bearish for 97.50 or even lower. Ideally, resistance in the 102 zone could prove another opportunity to sell with s/l at 103.50.
S1: 99 S2: 98 R1:101 R2: 102
MCX Natural Gas Mar: While below 191, look for a further dip towards 181 or even lower.
S1: 185 S2: 181 R1: 191 R2:195
ENJOY TRADING !!!!
LOOK FORWARD TO JOIN OUR PAID SERVICE FOR REAL TIME CALLS FOR JUST RS. 6000/- PER MONTH...
Wednesday, March 24, 2010
EXPECTATIONS FOR 24TH MARCH 2010
EXPECTATIONS FOR 24TH MARCH 2010
MCX Gold Apr: Support was seen at 16305, the bounce from there has been impressive. Resistance will be at 16545 followed by 16605 now. Ideally resistances to cap for a decline lower towards 16230 or even lower towards 16035.
S1: 16345 S2: 16265 R1: 16485 R2: 16565
MCX Silver May: Favored view is still bearish for a fall towards 26162 levels followed by 25771. Only rise above 27102 to negate our bearish view.
S1: 26466 S2: 26316 R1: 26766 R2: 26916
MCX Copper April: Strong resistance is seen at 344 levels. Failure to cross at 344 could dampen bullish expectations. Such a fall could take prices below 330. Rise above 344 is likely to take prices towards 348 levels.
S1: 335.50 S2: 331.50 R1: 343.50 R2: 347.50
MCX Crude Oil April: Unable to move above 3743 is a bearish sign. Break below 3679 to take prices further down towards 3648 followed by 3611.
S1: 3689 S2 3649 R1: 3769 R2: 3809
MCX Zinc Mar: Resistance is seen at 101.9 levels followed by 103.2 levels.
Favored view expects prices to move further lower towards 100 levels.
S1: 99 S2: 97 R1: 103 R2: 105
MCX Lead Mar: While below 98.5 it is likely to dip further towards 92/93 levels unexpected rise above 99 to dent our bearish expectations.
S1: 93 S2: 91 R1: 97 R2: 99
MCX Nickel Mar: Resistance is seen at 1030 levels. Once above 1030 rise towards 1040 can be expected. Fall below 1010 to take prices further lower towards 995 levels.
S1: 1009 S2: 994 R1: 1039 R2:
MCX Natural Gas Mar: A consolidation is underway between 184/190 now.
Extreme oversold indications favor a pullback towards 205 or even higher.
S1: 183 S2: 179 R1: 195 R2: 200
MCX Gold Apr: Support was seen at 16305, the bounce from there has been impressive. Resistance will be at 16545 followed by 16605 now. Ideally resistances to cap for a decline lower towards 16230 or even lower towards 16035.
S1: 16345 S2: 16265 R1: 16485 R2: 16565
MCX Silver May: Favored view is still bearish for a fall towards 26162 levels followed by 25771. Only rise above 27102 to negate our bearish view.
S1: 26466 S2: 26316 R1: 26766 R2: 26916
MCX Copper April: Strong resistance is seen at 344 levels. Failure to cross at 344 could dampen bullish expectations. Such a fall could take prices below 330. Rise above 344 is likely to take prices towards 348 levels.
S1: 335.50 S2: 331.50 R1: 343.50 R2: 347.50
MCX Crude Oil April: Unable to move above 3743 is a bearish sign. Break below 3679 to take prices further down towards 3648 followed by 3611.
S1: 3689 S2 3649 R1: 3769 R2: 3809
MCX Zinc Mar: Resistance is seen at 101.9 levels followed by 103.2 levels.
Favored view expects prices to move further lower towards 100 levels.
S1: 99 S2: 97 R1: 103 R2: 105
MCX Lead Mar: While below 98.5 it is likely to dip further towards 92/93 levels unexpected rise above 99 to dent our bearish expectations.
S1: 93 S2: 91 R1: 97 R2: 99
MCX Nickel Mar: Resistance is seen at 1030 levels. Once above 1030 rise towards 1040 can be expected. Fall below 1010 to take prices further lower towards 995 levels.
S1: 1009 S2: 994 R1: 1039 R2:
MCX Natural Gas Mar: A consolidation is underway between 184/190 now.
Extreme oversold indications favor a pullback towards 205 or even higher.
S1: 183 S2: 179 R1: 195 R2: 200
Tuesday, March 23, 2010
EXPECTATION FOR 23RD MARCH 2010
EXPECTATION FOR 23RD MARCH 2010
MCX SILVER TRADING STRATERGY ::
Cover short positions on dip to 26438 or below as the opportunity arises.
Sell on fall below 26180 with high of the day stop loss.
Traders can take chances to buy on decline to 26438-26303 with asotp loss of 26180 and use rise to 26697 or above to exit long.
MCX GOLD TRADING STRATERGY ::
Sell on rise to 16474-16502 with a stop loss of 16511.
Expect lower range of 16332-16162 to be tested.
The 14 day RSI is moving down on further fall below 40 mark the slide can be more.
Buy on rise and close above 16511 with low of the day stop loss
SPOT GOLD ::
Keep a stop loss of 1110$ to hold short. Cover short positions on dip to 1101$-1093$ as the opportunity arises.
Sell on fall below 1088$ with high of the day stop loss.
A rise towards 1109$-1125$ is possible.
Broadly, a sideways movement between 1145$-1088$ is being witnessed.
SPOT SILVER ::
Cover short positions at 16.83 or below as the opportunity arises.
Expect higher range of 17.07$-17.46$ to be tested.
Corrective dip to 16.83-16.68$ can be used for buying with a stop loss of 16.58$ to exit at 17.07$-17.46$ range as the opportunity arises.
Sell on fall and close below16.58$ with high of the day stop loss.
NICKLE LME ::
A sideways movement in a band of 22990$-20525$ continues.
On the 14 Week RSI a negative divergence is being witnessed and a fall and close below 20500$ can bring about a slide.
Further upside momentum can be witnessed on rise and close above 23000$.
Exit long positions and use rise from current price to 23000$ to exit long and to sell with a stop loss of 23000$.
Buy only on breakout and close above 23000$
NYMEX CRUDE ::
Cover short positions on dip to 80.44$-79.38$ as the opportunity arises.
Corrective dip to 80.44$-79.38$ can be used for buying with a stop loss of 78.5$.
Expect higher range of 82.3-85.22$ to be tested and can be used to exit long positions as the opportunity arises.
Sell on fall below 78.5$ with high of the day stop loss.
ZINC LME ::
Resistance is at 2420$
Support is at 2112$.
Traders by chance who are already short can keep a stop loss of 2420$.
Sell on fall below 2230$ with high of the day stop loss or 2420$ whichever is higher.
Buy on rise above 2420$ with low of the day stop loss.
Not much change has happened in last one week therefore the view remains same.
LEAD LME ::
The price movement for last 4-5 weeks is between 2355$-2095$.
Expect lower range of 2135$-2095$ to be tested.
Further downside movement can be seen on fall and close below 2095$.
The 14 week RSI is moving down indicating that near term slide is possible.
A non tradable situation for directional trader and only a breakout and close above 2355$ can offer momentum or a fall and close below 2095
VIEWS ON MCX COMMODITIES ::
MCX Gold Apr: Support was seen at 16305, the bounce from there has been impressive. Resistance will be at 16545 followed by 16605 now. Ideally resistances to cap for a decline lower towards 16230 or even lower towards 16035.
S1: 16345 S2: 16265 R1: 16485 R2: 16565
MCX Silver May: Resistance are at 26795 followed by 27000 now. Favored view expects a decline from the resistance levels towards 25935. Unexpected rise above 27140 to dent our bearish view.
S1: 26370 S2: 26190 R1: 26710 R2: 26890
MCX Copper Apr: Break above trendline resistance at 343/344 could alter the short-term bearish picture and take prices higher again toward 347 level. Failure to cross resistance at 344 could dampen bullish expectations. Such a fall could take prices below 330. Favored view now expects a rise higher.
S1: 337 S2: 333 R1: 344 R2: 348
MCX Crude Oil Apr: Saw a very impressive pullback. Resiistance will be seen at 3785 followed by 3820 now. Daily close above 3780 could bring in bullish hopes for a rally higher towards 3910 or even higher now.
S1: 3675 S2: 3635 R1: 3745 R2: 3785
MCX Zinc Mar: After yesterdays fall below 104.5, picture looks bearish. However, a break and close above 104.50/104.75 could re-inforce bullish hopes for 107-108 again.
S1: 102 S2: 101 R1: 104 R2: 105
MCX Lead Mar: While below 101, it is likely to dip further towards 95-96 levels. Unexpected rise above 101.50 to dent our bearish expectations.
S1: 98 S2: 97 R1: 100 R2: 101
MCX Nickel Mar: While below 1028 look for the decline to continue towards 975 or even lower towards 950. Unexpected rise above 1028 will force us to abandon our bearish view.
S1: 1009 S2: 997 R1:1029 R2: 1041
MCX Natural Gas Mar: A consolidation is underway between 184-190 now. Extreme oversold indications favor a pullback towards 205 or even higher.
S1: 185 S2: 181 R1: 191 R2: 195
ENJOY TRADING !!!!
LOOK FORWARD TO JOIN OUR PAID SERVICE FOR REAL TIME CALLS !!!
EARN RS. 10000 /- PER DAY GAURANTEED !!!!
MCX SILVER TRADING STRATERGY ::
Cover short positions on dip to 26438 or below as the opportunity arises.
Sell on fall below 26180 with high of the day stop loss.
Traders can take chances to buy on decline to 26438-26303 with asotp loss of 26180 and use rise to 26697 or above to exit long.
MCX GOLD TRADING STRATERGY ::
Sell on rise to 16474-16502 with a stop loss of 16511.
Expect lower range of 16332-16162 to be tested.
The 14 day RSI is moving down on further fall below 40 mark the slide can be more.
Buy on rise and close above 16511 with low of the day stop loss
SPOT GOLD ::
Keep a stop loss of 1110$ to hold short. Cover short positions on dip to 1101$-1093$ as the opportunity arises.
Sell on fall below 1088$ with high of the day stop loss.
A rise towards 1109$-1125$ is possible.
Broadly, a sideways movement between 1145$-1088$ is being witnessed.
SPOT SILVER ::
Cover short positions at 16.83 or below as the opportunity arises.
Expect higher range of 17.07$-17.46$ to be tested.
Corrective dip to 16.83-16.68$ can be used for buying with a stop loss of 16.58$ to exit at 17.07$-17.46$ range as the opportunity arises.
Sell on fall and close below16.58$ with high of the day stop loss.
NICKLE LME ::
A sideways movement in a band of 22990$-20525$ continues.
On the 14 Week RSI a negative divergence is being witnessed and a fall and close below 20500$ can bring about a slide.
Further upside momentum can be witnessed on rise and close above 23000$.
Exit long positions and use rise from current price to 23000$ to exit long and to sell with a stop loss of 23000$.
Buy only on breakout and close above 23000$
NYMEX CRUDE ::
Cover short positions on dip to 80.44$-79.38$ as the opportunity arises.
Corrective dip to 80.44$-79.38$ can be used for buying with a stop loss of 78.5$.
Expect higher range of 82.3-85.22$ to be tested and can be used to exit long positions as the opportunity arises.
Sell on fall below 78.5$ with high of the day stop loss.
ZINC LME ::
Resistance is at 2420$
Support is at 2112$.
Traders by chance who are already short can keep a stop loss of 2420$.
Sell on fall below 2230$ with high of the day stop loss or 2420$ whichever is higher.
Buy on rise above 2420$ with low of the day stop loss.
Not much change has happened in last one week therefore the view remains same.
LEAD LME ::
The price movement for last 4-5 weeks is between 2355$-2095$.
Expect lower range of 2135$-2095$ to be tested.
Further downside movement can be seen on fall and close below 2095$.
The 14 week RSI is moving down indicating that near term slide is possible.
A non tradable situation for directional trader and only a breakout and close above 2355$ can offer momentum or a fall and close below 2095
VIEWS ON MCX COMMODITIES ::
MCX Gold Apr: Support was seen at 16305, the bounce from there has been impressive. Resistance will be at 16545 followed by 16605 now. Ideally resistances to cap for a decline lower towards 16230 or even lower towards 16035.
S1: 16345 S2: 16265 R1: 16485 R2: 16565
MCX Silver May: Resistance are at 26795 followed by 27000 now. Favored view expects a decline from the resistance levels towards 25935. Unexpected rise above 27140 to dent our bearish view.
S1: 26370 S2: 26190 R1: 26710 R2: 26890
MCX Copper Apr: Break above trendline resistance at 343/344 could alter the short-term bearish picture and take prices higher again toward 347 level. Failure to cross resistance at 344 could dampen bullish expectations. Such a fall could take prices below 330. Favored view now expects a rise higher.
S1: 337 S2: 333 R1: 344 R2: 348
MCX Crude Oil Apr: Saw a very impressive pullback. Resiistance will be seen at 3785 followed by 3820 now. Daily close above 3780 could bring in bullish hopes for a rally higher towards 3910 or even higher now.
S1: 3675 S2: 3635 R1: 3745 R2: 3785
MCX Zinc Mar: After yesterdays fall below 104.5, picture looks bearish. However, a break and close above 104.50/104.75 could re-inforce bullish hopes for 107-108 again.
S1: 102 S2: 101 R1: 104 R2: 105
MCX Lead Mar: While below 101, it is likely to dip further towards 95-96 levels. Unexpected rise above 101.50 to dent our bearish expectations.
S1: 98 S2: 97 R1: 100 R2: 101
MCX Nickel Mar: While below 1028 look for the decline to continue towards 975 or even lower towards 950. Unexpected rise above 1028 will force us to abandon our bearish view.
S1: 1009 S2: 997 R1:1029 R2: 1041
MCX Natural Gas Mar: A consolidation is underway between 184-190 now. Extreme oversold indications favor a pullback towards 205 or even higher.
S1: 185 S2: 181 R1: 191 R2: 195
ENJOY TRADING !!!!
LOOK FORWARD TO JOIN OUR PAID SERVICE FOR REAL TIME CALLS !!!
EARN RS. 10000 /- PER DAY GAURANTEED !!!!
Monday, March 22, 2010
EXPECTATIONS FOR THE WEEK STARTING FROM 22nd MARCH 2010
INTERNATIONAL SPOT GOLD ::
Exit long on rise to 1111$-1121$ as the opportunity arises.
Sell on fall below 1088$ with high of the day stop loss.
Sell on rise to 1121$ with a stop loss of 1133$.
Buy on rise and close above 1133$ with low of the day stop loss.
INTERNATIONAL SPOT SILVER ::
Sell on rise to 17.09$-17.26$ with a stop loss of 17.62$.
Expect lower range of 16.76$-16.26$ to be tested.
NYMEX NATURAL GAS ::
Hold short positions with a stop loss of 4.31$.
Support of the gap is likely to be witnessed for some bounce.
Support will be at 4.10$-3.96$.
Cover short positions at 4.13$-4.09$ as the opportunity arises or hold short with the indicated stop loss.
NYMEX LIGHT CRUDE OIL ::
Sell on rise to 80.9$-81.95$ with a stop loss of 83.16$.
Support will be at 80$-79$.
Sell on fall below 79$ with high of the day stop loss.
TRADING STRATEGY ::
GOLD MCX APRIL ::
The buy call stop loss of 16638 was violated and the sell below 16638 got triggered. The low registered on Friday was 16431. Traders who managed to sell on fall below 16638 had the opportunity to benefit.
Sell on rise to 16564-16698 with a stop loss of 16803.
Cover the same on dip to 16378-16058 as the opportunity arises.
A close below 16400 with negative candle can continue the slide to test the low of 15963 subsqeuntly.
SILVER MCX MAY ::
In our update for Friday before the market started, we had indicated to Sell on fall below 26957 with high of the day stop loss.
The low registered on Saturday was 26542. Traders who managed to sell below 26957 had the opportunity to benefit.
Sell on rise to 26756-26931 with a stop loss of 27310.
Sell further on fall and close below 26330 with high of the day stop loss.
USD INR SPOT ::
Last week we saw a sideways movement above the support of 45.
A rise and close above 45.7 can bring about strength in Dollar and weakness on Rupee.
If 45 is not violated then a recovery and bounce back on USD is round the corner.
The long term wave structure also marked. As per it if 45 is violated on sustained basis then lower top and lower bottom sequence would continue for the target of 44-43.75 on conservative basis and overall the head and should pattern target could take in to 41.75.
A breakout and close above 45.7 could halt the fall from here on and recovery path for USD could be witnessed.
MCX Gold April: Resistance levels are at 16551 and at 16655. Price could dip below 16402, opening the way for 16222 or even 16000 now.
S1: 16426 S2: 16346 R1: 16586 R2: 16666
MCX Silver May: There is a stronger chance for the price to test supports near 26387/26074 or even 25449. Initial support will be at 26304. Resistance levels are noted at 26700, 26745 and 26934. Rise past 27090 could turn the picture neutral.
S1: 26440 S2: 26290 R1: 26740 R2: 26890.
MCX Crude Oil April: Bearish indications warns of a corrective dip to 3652 or even 3611. Resistance levels are at 3721 / 3748. The Price has to cross above 3780 to wriggle out of this bearish state and revive the bullish expectations.
S1: 3649 S2 3610 R1: 3730 R2: 3770
MCX Copper April: Still the picture has bullish hopes while below 335.50 levels. Ideally 335.50/336.50 could see basing signs again for a rise towards 347.50 levels or even higher. Will give up the bullish view on the break of 334.50.
S1: 336 S2: 332 R1: 344 R2: 348
MCX Zinc Mar: Resistances are at 104.50 followed by 104.90 now. Favored view expects resistances to cap for a decline towards 102.60 followed by a deeper fall towards 100.50. Unexpected rise above 105.85 to open dash our bearish hopes.
S1: 101.50 S2: 99.50 R1: 105.50 R2: 107.50
MCX Lead Mar: Rallies to 100.85/101 can be sold s/l 102.50 targets 97.50.
S1: 98 S2: 96 R1: 100 R2: 102
MCX Nickel Mar: Fall below 1015 could force us to abandon our bullish view in nickel. Such a fall could drag prices lower towards 995 initially followed by a deeper fall towards 945 levels.
S1: 1015 S2: 1005 R1: 1035 R2: 1045
MCX Natural Gas Mar: Dips to 187 can be bought for a target 194/198. SL 183.
S1:184 S2: 180 R1:190 R2:194
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