Thursday, January 27, 2011

Mcx Copper Tips


This counter yesterday shown some up move but still it's moving in bearish zone. Now this week keep your eyes on level of 445, only above this level, its looks positive in future. Till its maintain below this level, you can keep shorts in your hand. 

For intraday today keep your eyes on level of 335.7, if it maintain below this level, its looks weak. Today keep your eyes on opening level of 438.25, if it open above this level, you can keep buying and if it opens below 435, you can keep shorts in your hand. Over all looks weak. Keep shorts with some strict stop loss. Today it will face resistance 441-445 & support 435-431.

Looks very good and decline to buy side...... last it was made a high was 449 and low was made at 431 and finally closed at 438 level,. We may consider support is 428-420 and resistance 440-445-447. On weakness to buy and sell on strength.. Close above 455 will strong bull favour. 

This counter only sell at every rise and confirm down trend in this counter and 442.00 below maintain strong down trend in this counter and low side support at 421.00 level and 411.00 level touch and coming trading days so sell at every rise and hold at position and book at heavy profit..........

Copper: We mentioned in our newsletter last day that copper will be bearish only below 430. Below 430 copper may fall till 421. To move upward copper has to cross and closed above 439. At 425 copper may take support but we expect that it will break this level too. 

This counter yesterday not shown any major movement. And still it's moving on bullish zone. Now today keep your eyes on level of 437, till its maintain above this level, you can keep buying till initial resistance 445. And once close above 445 it can touch 457 soon. Only below 435.7, its looks weak. Today it will face resistance 441.7-444 & support 437-435.

For other metal like Gold, Silver, Zinc, Aluminium, Nickel, Lead, Natural Gas, you can also get  trading detail and tips for MCX TIPS , COMMODITY TIPS FREE TRIAL , TRADING TIPS , MCX TIPS FREE TRIAL , also in my blog.................

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