Sunday, 3 July 2011

COMODITIES UP DATE FOR 4 JULY 2011 TO 8 JULY 2011:MCX


GOLD TREND INTRA-DAY LEVELS
    • CMP-21695 Overall trend of the Gold is bearish for medium to long term .Currently Gold is in strong down-trend but volume is unsatisfactory The open interest is not increasing with trend .The Gold is now trading in overbought level. The oscillator is showing SELL signal For short term Gold is in SELL position.
    • Immediate support for Gold is 21526.Resistance for the Gold is 21886-22193-22208-22360-22364-22463.
    • SHORT TERM:Currently Gold is in HOLD SHORT position Gold is in sideways so for short term better buy above 22184.0 with stop at 21612.0 The Gold is now trading in highly oversold level. The Gold is now trading in highly oversold level. The oscillator is showing SELL signal.
    • INTRA-DAY MAJOR BRAKOUT LEVEL: Buy is advised only above 21904.4 with a stop at 21568.9 Below 21486.3 go for sell and put stop at 21821.4.
    • PIVOT-21718,R1-21821,R2-21854,S1-21568,S2-21536.
  
SILVER TREND & INTRADAY LEVELS
  •  CMP-50252 Overall trend of the Silver is bearish for medium to long term .Currently Silver is in strong down-trend and the trend is supported with good volume. The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Silver is in HOLD SHORT position.
  • Immediate support for Silver is 49340.Resistance for the Silver is 51761-52536-53359-54324-56774-57526.
  • SHORT TERM: Currently Silver is in HOLD LONG position Silver is moving sideways so short term investor better to buy only above 52300.0 or hold with stop at 49538.0 The Silver is now trading is approaching oversold level. The Silver is now trading is approaching oversold level. The oscillator is showing SELL signal.
  • INTRA-DAY MAJOR BREAKOUT LEVEL: Buy is advised above 51164.5 with a stop at 49747.1 Below 49342.7 go for sell.
  •  PIVOT:50115,R1:50758,R2:50919,S1:49747,S2:49586.

CARDAMOM TREND & INTRA-DAY LEVELS
  • CMP-826 The Cardamom is in long- short-medium- term bull phase .Currently Cardamom is moving sideways .The Cardamom is now trading in oversold level. The oscillator is showing SELL signal and has moved down its previous low and the negative trend is still continuing momentum also points toward negativeness. The Cardamom is now trading in oversold level. The Cardamom is now trading in oversold level. The oscillator is showing SELL signal For short term Cardamom is in SELL position.
  • Support for the Cardamom is 819-805-793,Resistance for the Cardamom is 844-849-854.
  • SHORT TERM: Currently Cardamom is in HOLD SHORT position Cardamom has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below810.8 Buy if above 858.3 The oscillator is showing SELL signal.
  • INTRA-DAY MAJOR BREAKOUT LEVELS: Buy is advised above 841.7 with a stop at 817.7 Below 810.8 go for sell.
  •  PIVOT:829,R1-834,R2-837,S1-817,S2-814.

COPPER TREND & INTRADAY LEVELS
  • CMP-426 The Copper is in perfect up-trend. Currently Copper is in strong up-trend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higher levels seems decreasing. The oscillator is showing BUY signal For short term The current position is BUY.
  • Support for the Copper is 415-411-410-408-407-406-. Immediate resistance for Copper is 428.
  • SHORT TERM: Currently Copper is in HOLD LONG position In short term Copper is in strong up trend so hold with stop at 421 The Copper is now trading in highly overbought level. The Copper is now trading in highly overbought level. The oscillator is showing BUY signal.
  • INTRA-DAY MAJOR BREAKOUT LEVELS: Buy is advised above 427.5 with a stop at 424.7 Below 424.3 go for sell with a stop at 427.1.
  • PIVOT:425.8,R1-427.10,R2-427.3,S1-424.7, S2-424.5.

      NICKEL TREND & INTRADAY LEVELS
  •   CMP-1038 Overall trend of the Nickel is bearish for medium-long term .Currently Nickel is in strong up-trend with good momentum and the trend is supported with good volume The open interest is not increasing with trend . In last few days lot of positive accumulation happened in the Nickel Cautious point is buying at higher levels seems decreasing. The oscillator is showing BUY signal For short term The current position is BUY.
  • Support for the Nickel is 1012-1005-1000-,Resistance for the Nickel is 1045-1092-1117.
  • SHORT TERM:Currently Nickel is in HOLD LONG position Nickel is in profit booking mode so hold with stop at 1035 The Nickel is now trading in highly overbought level. The Nickel is now trading in highly overbought level. The oscillator is showing SELL signal.
  • INTRA-DAY MAJOR BREAKOUT LEVELS :Buy is advised only above 1050.1 with a stop at 1030.8 Below 1025.8 go for sell and put stop at 1045.
  • PIVOT:1038.9,R1-1045,R2-1047,S1-1030.8,S2-1028.8.

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