Browse By

MCX Metals Support and Resistance for 5th February 2013

Make My Trade | India (www.makemytrade.in)

  • 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 5th February 2013

Commodity

Support 2

Support 1

Pivot

Resistance 1

Resistance 2

Aluminium MCX Jan-13

111.05

111.55

112.25

112.75

113.45

Copper MCX Feb-13

440.92

442.98

444.42

446.48

447.92

Nickel MCX Jan-13

983.47

988.53

992.97

998.03

1002.47

Lead MCX Jan-13

129.53

130.02

130.63

131.12

131.73

Zinc MCX Jan-13

114.55

115.15

115.55

116.15

116.55