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MCX Metals Support and Resistance for 1st March 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 1st March 2013

Commodity

Support 2

Support 1

Pivot

Resistance 1

Resistance 2

Aluminium MCXMar-13

107.00

107.80

108.45

109.25

109.90

Copper MCX Apr-13

426.08

428.82

431.53

434.27

436.98

Nickel MCX Mar-13

893.10

901.60

911.70

920.20

930.30

Lead MCX Mar-13

123.42

124.08

124.87

125.53

126.32

Zinc MCX Mar-13

111.40

112.05

112.70

113.35

114.00