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MCX Metals Support & Resistance for 28th December 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 28th December 2012;

Commodity

Support 2

Support 1

Pivot

Resistance 1

Resistance 2

Aluminium MCX Dec-12

111.48

111.97

112.78

113.27

114.08

Copper MCX Feb-13

437.53

439.12

440.23

441.82

442.93

Nickel MCX Dec-12

935.07

940.33

948.37

953.63

961.67

Lead MCX Dec-12

125.87

126.58

127.02

127.73

128.17

Zinc MCX Dec-12

112.32

112.93

113.37

113.98

114.42