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MCX Important Trading Levels for 13th August 2014

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Support and Resistance

    • 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.
    • Support is the level where a stock get buying interest before it can fall further.
    • Under the normal market conditions or in the absence 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 stock at support levels and sell at resistance levels.
    • In Intraday, there are few support and resistance levels known as Support1, Support2, Resistance1, Resistance2, etc.

MCX Commodities Support and Resistance Levels

Date: Aug 13, 2014

Commodity Future Sup 2 Sup 1 Pivot Res 1 Res 2
Gold Oct’14 28383 28556 28724 28897 29065
Silver Sep’14 43277 43495 43772 43990 44267
Copper Aug’14 424.83 426.00 428.93 430.47 433.03
Nickel Aug’14 1127 1140 1151 1164 1176
Lead Aug’14 136.68 138.00 138.38 139.27 140.08
Zinc Aug’14 139.22 141.00 142.02 143.63 144.82
Aluminium Aug’14 123.35 124.00 124.80 125.60 126.65
Crude Oil Aug’14 5917 5949 5977 6009 6037
Natural Gas Aug’14 241.80 244.00 245.30 247.30 248.80