Browse By

MCX Metals Support and Resistance for 7th 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 7th February 2013

Commodity

Support 2

Support 1

Pivot

Resistance 1

Resistance 2

Aluminium MCX Feb-13

109.72

110.18

110.82

111.28

111.92

Copper MCX Feb-13

436.72

438.18

440.77

442.23

444.82

Nickel MCX Feb-13

959.73

966.87

980.43

987.57

1001.13

Lead MCX Feb-13

127.10

127.80

129.10

129.80

131.10

Zinc MCX Feb-13

113.65

114.05

114.55

114.95

115.45