Browse By

MCX Bullion Support & Resistance for 19th December 2012

Make My Trade | India (www.makemytrade.in)

  • Trading as per support and resistance levels may be quite useful for intraday trading in commodities.
  • Resistance is termed as the level where the commodity generally gets some opposite force before it can go further up.
  •  A support is the level where a Commodity get buying interest before it can fall further.
  • Under the normal market conditions or in the absense of some extremely panic news the support and the resistance levels can act as good levels for initiating the buying/selling.
  • In general, it is advisable to buy the commodities at support levels and sell at the resistance levels.
  • In Intraday, there are few support and resistance levels known as Support1, Support2, Resistance1, Resistance2, etc.t

MCX Gold and MCX Silver Feb & March future respectively Support and Resistance Levels for 19th December 2012;

Commodity

Support 2

Support 1

Pivot

Resistance 1

Resistance 2

Gold MCX Feb-13

31293

31363

31449

31519

31605

Silver MCX Mar-13

61344

61637

61901

62194

62458