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MCX Metals Support and Resistance for 26th December 2012

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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.t

MCX Alluminium, Copper, Nickel, Lead and Zinc Support and Resistance Levels for 26th December 2012;

MCX Metal Support and Resistance for 26th December 2012

Commodity

Support 2

Support 1

Pivot

Resistance 1

Resistance 2

Aluminium MCX Dec-12

110.80

111.50

112.90

113.60

115.00

Copper MCX Feb-13

432.75

434.65

437.00

438.90

441.25

Nickel MCX Dec-12

935.57

943.23

950.87

958.53

966.17

Lead MCX Dec-12

125.10

125.80

126.20

126.90

127.30

Zinc MCX Dec-12

111.40

111.90

112.65

113.15

113.90