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Support and Resistance

Support and Resistance for Commodities

  • Trading as per support and resistance levels may be quite useful for Intra-day trading in commodities and Equities
  • Resistance is termed as the level where the commodity and Equity generally gets some opposite force before it can go further up.
  • Support is the level where a stock get buying interest before it can fall further.
  • Under the normal market conditions or in the absence 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 stock at support levels and sell at resistance levels.
  • In Intra-day, there are few support and resistance levels known as Support 1, Support 2, Resistance 1, Resistance 2, etc.

MCX Intraday Levels For 14th Aug 2014

Commodity Future Sup 2 Sup 1 Pivot Res 1 Res 2
Gold Oct’14 28511 28590 28667 28746 28823
Silver Sep’14 43277 43495 43772 43990 44267
Copper Aug’14 415.90 418.20 422.55 424.85 49.20
Nickel Aug’14 1121 1128 1139 1146 1157
Lead Aug’14 130.87 132.83 136.02 137.98 141.17
Zinc Aug’14 137.12 138.08 139.97 140.93 142.82
Aluminium Aug’14 122.58 122.97 123.73 124.12 124.88
Crude Oil Aug’14 5893 5923 5949 5979 6005
Natural Gas Aug’14 228.70 232.20 238.10 241.60 247.50

Support and Resistance for Equities

  •  Determining future levels of support can drastically improve the returns of a short-term investing strategy because it gives traders an accurate picture of what price levels should prop up the price of a given security in the event of a correction.
  • Conversely, foreseeing a level of resistance can be advantageous because this is a price level that could potentially harm a long position because it signifies an area where investors have a high willingness to sell the security.
  • As mentioned above, there are several different methods to choose when looking to identify support/resistance, but regardless of the method, the interpretation remains the same – it prevents the price of an underlying from moving in a certain direction.
Nifty Future Levels for 14th Aug’14
Pivot Level = 7743
Support1 7709 Resistance1 7779
Support2 7672 Resistance2 7813
Support3 7639 Resistance3 7849
Bank Nifty Future Levels for 14th Aug’14
Pivot Level = 14977
Support1 14838 Resistance1 15079
Support2 14736 Resistance2 15218
Support3 14597 Resistance3 15320

NSE Nifty

Commodity Future Sup 2 Sup 1 Pivot Res 1 Res 2
Gold Oct’14 28511 28590 28667 28746 28823
Silver Sep’14 43277 43495 43772 43990 44267
Copper Aug’14 415.90 418.20 422.55 424.85 49.20
Nickel Aug’14 1121 1128 1139 1146 1157
Lead Aug’14 130.87 132.83 136.02 137.98 141.17
Zinc Aug’14 137.12 138.08 139.97 140.93 142.82
Aluminium Aug’14 122.58 122.97 123.73 124.12 124.88
Crude Oil Aug’14 5893 5923 5949 5979 6005
Natural Gas Aug’14 228.70 232.20 238.10 241.60 247.50

NSE Bank Nifty

Commodity Future Sup 2 Sup 1 Pivot Res 1 Res 2
Gold Oct’14 28511 28590 28667 28746 28823
Silver Sep’14 43277 43495 43772 43990 44267
Copper Aug’14 415.90 418.20 422.55 424.85 49.20
Nickel Aug’14 1121 1128 1139 1146 1157
Lead Aug’14 130.87 132.83 136.02 137.98 141.17
Zinc Aug’14 137.12 138.08 139.97 140.93 142.82
Aluminium Aug’14 122.58 122.97 123.73 124.12 124.88
Crude Oil Aug’14 5893 5923 5949 5979 6005
Natural Gas Aug’14 228.70 232.20 238.10 241.60 247.50

MCX

Commodity Future Sup 2 Sup 1 Pivot Res 1 Res 2
Gold Oct’14 28511 28590 28667 28746 28823
Silver Sep’14 43277 43495 43772 43990 44267
Copper Aug’14 415.90 418.20 422.55 424.85 49.20
Nickel Aug’14 1121 1128 1139 1146 1157
Lead Aug’14 130.87 132.83 136.02 137.98 141.17
Zinc Aug’14 137.12 138.08 139.97 140.93 142.82
Aluminium Aug’14 122.58 122.97 123.73 124.12 124.88
Crude Oil Aug’14 5893 5923 5949 5979 6005
Natural Gas Aug’14 228.70 232.20 238.10 241.60 247.50

NCDEX

Commodity Future Sup 2 Sup 1 Pivot Res 1 Res 2
Gold Oct’14 28511 28590 28667 28746 28823
Silver Sep’14 43277 43495 43772 43990 44267
Copper Aug’14 415.90 418.20 422.55 424.85 49.20
Nickel Aug’14 1121 1128 1139 1146 1157
Lead Aug’14 130.87 132.83 136.02 137.98 141.17
Zinc Aug’14 137.12 138.08 139.97 140.93 142.82
Aluminium Aug’14 122.58 122.97 123.73 124.12 124.88
Crude Oil Aug’14 5893 5923 5949 5979 6005
Natural Gas Aug’14 228.70 232.20 238.10 241.60 247.50

Comex

Commodity Future Sup 2 Sup 1 Pivot Res 1 Res 2
Gold Oct’14 28511 28590 28667 28746 28823
Silver Sep’14 43277 43495 43772 43990 44267
Copper Aug’14 415.90 418.20 422.55 424.85 49.20
Nickel Aug’14 1121 1128 1139 1146 1157
Lead Aug’14 130.87 132.83 136.02 137.98 141.17
Zinc Aug’14 137.12 138.08 139.97 140.93 142.82
Aluminium Aug’14 122.58 122.97 123.73 124.12 124.88
Crude Oil Aug’14 5893 5923 5949 5979 6005
Natural Gas Aug’14 228.70 232.20 238.10 241.60 247.50