You are on page 1of 5

MTECHTIPS MCX TRADING STRONG BUY SELL LEVEL 31-10-2012 MCX GOLD VIEW UP SIDE 31240 LOW SIDE

31030 BUY ABOVE 31050 UP SIDE 31250

SILVER UP SIDE 60400 LOW SIDE 59050 BUY ABOVE 59650 UP SIDE 60400

MCX CRUDEOIL UP SIDE 4740 LOW SIDE 4640 BUY ABOVE 4660 UP SIDE 4730

MCX COPPER UP SIDE 424.5 LOW SIDE 420 BUY ABOVE 421 UP SIDE 426 THEN 428

MCX ZINC UP SIDE 101.5 LOW SIDE 99.5 BUY AT 99.9 UP SIDE 101.5

MCX LEAD UP SIDE 112.7 LOW SIDE 109.5 BUY AT 110.2 UP SIDE 111.7 THEN 112.7

MCX NICKEL UP SIDE 885 LOW SIDE 870 BUY ABOVE 870 UP SIDE 885 THEN 895

MCX NGAS UP SIDE 205 LOW SIDE 195.5 SIDE WAY MOMENT

WWW.MTECHTIPS.COM 07489294118-119

Mtechtips GOLD MCX intraday trading analysis 31-10-2012
Mcx gold 05 dec 2012 expiry future today closed at 31,089 with gains.today gold future hit high of 31155 and low of 30968.as we suggested in earlier posts mcx gold is going for 31,250-31,400.weak rupee now picking momentum and that will definitely going to boost gold prices.for tomorrow expect 31,200-31,300 as target level and on downside stoploss or support is 30950.
www.mtechtips.com 07489294118-119

Mtechtips SILVER MCX intraday trading analysis 31-10-2012 Mcx silver 5 dec 2012 expiry future today closed at 59399 with loss.today silver prices hit high of 59820 while low was 59275.as we given in earlier post in upcoming session silver price may trend lower towards major supports. so expect 58,000 and 56,500 positional targets,buy only above 60250 below that stay away or hold short positions.
WWW.MTECHTIPS.COM 07489294118-119

Mtechtips COPPER MCX intraday trading analysis 31-10-2012 Mcx copper nov future is closed at 421.15 with loss of 1.16%.now copper prices at major support if slip below 420 then expect 408 and

398 on downside while for intraday 422 and 424 resistance and today’s low of 419 is downside support.
WWW.MTECHTIPS.COM 07489294118-119

Mtechtips NICKEL MCX intraday trading analysis 31-10-2012
Mcx nickel future closed at 874.9 with losses.here with opening we seen lows near 865.3 and our positional target of 870 almost achieved ,we suggested same 2 weeks back at 940!!for tomorrow here is contra view and above 870-865 support traders stay long for 885 and 890.below 860 may take nickel prices to 790-780 in nov series.
WWW.MTECHTIPS.COM 07489294118-119

Mtechtips ALUMINIUM MCX intraday trading analysis 31-10-2012
Mcx aluminium oct future today closed at 101.95 with loss of 1.22%.now near historic support if slips below 101 then it will be historic breakdown and expect 97 to 90 in medium term but above 101 more possibility of short covering so try to catch it but with strict stoploss.
WWW.MTECHTIPS.COM 07489294118-119

Mtechtips LEAD MCX intraday trading analysis 31-10-2012
Mcx lead oct future today closed at 111.25 with loss.here we seen lows near 108.65 while open and high was almost same.here we are bullish and system also given buy signal. keep stoploss below 109 and expect 113-114.5 tomorrow.
WWW.MTECHTIPS.COM 07489294118-119

Mtechtips ZINC MCX intraday trading analysis 31-10-2012

Mcx zinc oct future today closed at 100.here today we seen lows near 98.5 while high was 98.4.for tomorrow here trend may continue and expect 101.5.
WWW.MTECHTIPS.COM 07489294118-119

Mtechtips CRUDEOIL MCX intraday trading analysis 31-10-2012
crude oil nov future today closed at 4663 .today after lower opening we seen buying and short covering on weak rupee but not sustained as nymex crude trading lower on caution of “sandy hurricane”.but weak rupee will remain lifting factor for domestic crude oil prices.today low of 4625 is intraday support while on upside 4690 and 4715 are major intraday resistances.
WWW.MTECHTIPS.COM 07489294118-119

Mtechtips NATURALGAS MCX intraday trading analysis 31-10-2012
Mcx natural gas nov future closed at 200.9 with gains.our given first target of 205 is achieved now expect 220 in next 1-2 session after consolidation.for intraday 207 and 204 are supports while 214 and 220 are target levels for tomorrow.breakout above 220 may open 290-350 long term targets.
WWW.MTECHTIPS.COM 07489294118-119

Mtechtips BANKNIFTY FUT intraday trading analysis 31-10-2012
Bank nifty spot today closed at 11203 with loss of 270 points or –2.35%.here after negative opening we seen highs of 11600 but that was “definite trap”and as RBI credit policy hit the road we seen sharp selling in banks and which is accentuate after NPA rising news.today’s losses major contributors are PSU bank stocks,they are hammered by 3-6% today. on intraday chart banknifty is in absolute downtrend and momentum also on short side.on downside intraday

supports are 11085 and 11900 while on upside 11255 is now intraday resistance level. for tomorrow we expect consolidation and some technical bounce back in bank nifty future.option traders for intraday can buy bank nifty 11200 call option in dips only. Below 11255 expect consolidation to bounce back. if breaks 11,000 mark then exit from all longs and book profits in banking stocks also.
WWW.MTECHTIPS.COM 07489294118-119

Mtechtips NIFTY FUT intraday trading analysis 31-10-2012
nifty spot today closed at 5597 with loss of 68 points or –1.19%.today finally nifty given downside breakout after many days resilience.as we given in yesterdays post RBI taken same decision what we expecting from them.high inflation and rising NPA levels remain concern for India Inc.weakness in sbin,reliance and ICICI bank may take nifty to it major short term support of 5498. nifty weekly and monthly average now near to form bearish divergence. today nifty spot hit high of 5689 while low was 5589.total 100 points volatility seen today.on intraday chart nifty now given downside breakout and for tomorrow on downside supports are 5585 and 5498 while on upside 5670 will remain as strong resistance. on end of day chart,nifty closed near monthly average of 5596.if tomorrow closed below that then next major downside target will be 3 month level of 5430.on daily chart all nifty major indicators are in sell side. For tomorrow watch 5596 as support if opens below that then go short for target of 5498 but if hold it or opens gap up the expect 5670 as target level.
WWW.MTECHTIPS.COM 07489294118-119