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MCX Metals Support and Resistance for 27th Decembe 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 MCX Zinc Support and Resistance Levels for 27th December 2012;

MCX Metal Support and Resistance for 27th December 2012

Commodity

Support 2

Support 1

Pivot

Resistance 1

Resistance 2

Aluminium MCX Dec-12

111.78

112.17

112.43

112.82

113.08

Copper MCX Feb-13

434.22

436.63

438.32

440.73

442.42

Nickel MCX Dec-12

941.37

945.93

949.87

954.43

958.37

Lead MCX Dec-12

125.77

126.13

126.42

126.78

127.07

Zinc MCX Dec-12

111.90

112.20

112.45

112.75

113.00