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Wednesday, 20 March 2013

Market Trent today

Fortune Financial Services has come out with its report on metals, Crude Oil and Natural Gas. According to the research firm, one can buy MCX Gold April Contract around Rs 29670 with stoploss Rs 29570 for the target of 29780-29880.
 
MCX Gold April Contract is looking slightly positive for the day. Market may find support near 29670 & 29570; intraday resistance can be seen near 29780 & 29880. Day traders are advised to buy intraday on dips. (Buy around 29670 with SL 29570, for the target of 29780 & 29880.) 

MCX Silver May Contract is looking slightly positive for the day. Market may find support near 54200 & 53700; intraday resistance can be seen near 54800 & 55300. Day traders are advised to buy intraday on dips. (Buy around 54200 with SL 53700, for the target of 54800 & 55300.) 

MCX Natural Gas March contract is looking positive the day. Market may find support near 212 & 209 intraday resistance can be seen near 217 & 220. Day traders are advised to buy intraday on dips. (Buy around 212 with SL 209 for the target of 217 & 220.) 

MCX Crude oil April contract is looking positive for the day. Market may find support near 5050 & 5000; intraday resistance can be seen near 5110 & 5160. Day traders are advised to buy intraday on dips. (Buy around 5050 with SL 5000, for the target of 5110 & 5160.) 

MCX Copper April contract is looking negative for the day. Market may find support near 415 & 412; intraday resistance can be seen near 419 & 422. Day traders are advised to sell intraday on rise. (Sell around 419 with SL 422, for the target of 415 & 412.) 

MCX Lead March contract is looking negative for the day. Market may find support near 117.30, 116.20, intraday resistance can be seen near 118.80 & 119.80 Day traders are advised to sell intraday on rise. (Sell around 118.80 with SL 119.80 for the target of 117.30 & 116.20) 

MCX Nickel March contract is looking negative for the day. Market may find support near 908, 898, intraday resistance can be seen near 922 & 932. Day traders are advised to sell intraday on rise. (Sell around 922 with SL 932 for the target of 908 & 898.) 

MCX Aluminium March contract is looking negative for the day. Market may find support near 103.20, 102.20 intraday resistance can be seen near 104.80 & 105.90 Day traders are advised to sell intraday on rise. (Sell around 104.80 with SL 105.90 for the target of 103.20 & 102.20) (http://www.moneycontrol.com/news/brokerage-recos-commodities/buy-mcx-gold-april-fut-around-rs-29670-fortune-financial_841191.html)

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