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MCX Metals Support and Resistance for 14th February 2013

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  • 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.

MCX Metals Support and Resistance for 14th February 2013

Commodity

Support 2

Support 1

Pivot

Resistance 1

Resistance 2

Aluminium MCX Feb-13

111.85

112.70

113.40

114.25

114.95

Copper MCX Feb-13

441.68

443.32

445.13

446.77

448.58

Nickel MCX Feb-13

980.53

985.77

989.83

995.07

999.13

Lead MCX Feb-13

128.05

128.75

129.90

130.60

131.75

Zinc MCX Feb-13

116.35

117.00

118.05

118.70

119.75