Browse By

MCX Metals Support and Resistance for 15th February 2013

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.

MCX Metals Support and Resistance for 15th February 2013

Commodity

Support 2

Support 1

Pivot

Resistance 1

Resistance 2

Aluminium MCX Feb-13

113.45

114.05

114.45

115.05

115.45

Copper MCX Feb-13

442.80

444.25

445.20

446.65

447.60

Nickel MCX Feb-13

974.23

979.27

986.13

991.17

998.03

Lead MCX Feb-13

128.72

129.28

129.67

130.23

130.62

Zinc MCX Feb-13

116.20

116.75

117.45

118.00

118.70