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MCX Metals Support and Resistance for 27th 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 27th February 2013

Commodity

Support 2

Support 1

Pivot

Resistance 1

Resistance 2

Aluminium MCX Feb-13

106.05

106.85

107.50

108.30

108.95

Copper MCX Feb-13

418.07

422.33

424.77

429.03

431.47

Nickel MCX Feb-13

883.50

893.90

899.60

910.00

915.70

Lead MCX Feb-13

122.47

123.78

124.52

125.83

126.57

Zinc MCX Feb-13

111.00

112.55

113.40

114.95

115.80