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MCX Metals Support and Resistance for 25th 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 25th February 2013

Commodity

Support 2

Support 1

Pivot

Resistance 1

Resistance 2

Aluminium MCX Feb-13

107.18

108.17

110.08

111.07

112.98

Copper MCX Feb-13

417.37

420.33

425.97

428.93

434.57

Nickel MCX Feb-13

890.13

903.87

914.83

928.57

939.53

Lead MCX Feb-13

122.75

123.70

125.55

126.50

128.35

Zinc MCX Feb-13

110.07

111.18

113.32

114.43

116.57