Monday, November 29, 2010

Mcx Tips Trial

In Nickle : - 
Last week it was a top gainer in metal stocks due with the news that World Bureau of metal Statistics, which indicate that the Nickel market may deficit in near term, resulted a strong bounce back and almost tested near to 1050. Overall trend is bullish and we may consider support 1025-1010-983 and resistance 1060-1090 to be watch out. As long as hold 975 any decline to buy side.

In Copper:- Copper demand from China world's largest consumers are decline trend...resulted selling pressure at higher level. On the other hand on going strike at the worlds largest copper mines Collahusahi which resulted created a short supply. On a technical side, we may consider resistance 390-392 with resistance 400... downside may test again support level.

In Alluminium : - Small trading range last week 108 to 100.......In this week consider resistance 104-106 , above 100-98 range. Higher level to sell side.  

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