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MCX Metals Support and Resistance for 4th 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 4th March 2013

Commodity

Support 2

Support 1

Pivot

Resistance 1

Resistance 2

Aluminium MCXMar-13

105.95

106.85

107.60

108.50

109.25

Copper MCX Apr-13

423.42

427.03

429.12

432.73

434.82

Nickel MCX Mar-13

892.67

906.63

916.07

930.03

930.30

Lead MCX Mar-13

121.43

122.87

123.73

125.17

126.03

Zinc MCX Mar-13

109.62

110.53

111.57

112.48

113.52