MCX- COMMODITY, MCX GOLD AND MCX SILVER RESISTANCE AND SUPPORT LEVELS !!!

 

MCX TREND TODAY

                                                                                                                            24 th APRIL – 2012

ADVANCE & DECLINE DATA

BOARD COMMODITY	ADVANCES IN NOS.	DECLINES IN NOS.	NO CHANGE IN NOS.
BULLION	14	13	0
CEREALS	1	1	5
ENERGY	8	6	8
FIBRE	4	1	0
METAL	8	31	4
OIL AND OIL SEEDS	0	4	8
OTHERS	7	6	4
PLANTATIONS	0	2	0
PULSES	0	0	2
SPICES	0	3	2
TOTAL	42	67	33

MCX AGRI FUTURE DATA

INDEX	OPEN	HIGH	LOW	CLOSE
LAST DAY (23-04-2012)	3573.49	3573.49	3561.69	3562.34
PREVIOUS DAY (21-04-2012)	3630.31	3630.31	3608.92	3610.46
LAST WEEK ( 16– 21APR )	3699.01	3723.15	3608.92	3610.46
PREVIOUS WEEK ( 9 – 13 APR )	3648.36	3711.84	3628.52	3701.31
LASTMONTH ( Mar)	3485.9	3633.67	3465.75	3613.21
PREVIOUS MONTH ( FEB)	3221.37	3510.19	3186.08	3481.44

AS THE AGRI FUTURES HAVE ENTERED THE SELLING ZONE. THE NEXT SUPPORT LEVEL WOULD BE 3500 WHICH IS 60 POINTS LOWER THAN THE YESTERDAY’S CLOSE 3562.34

MCX COMDEX FUTURE DATA

INDEX	OPEN	HIGH	LOW	CLOSE
LAST DAY (23-04-2012)	3943.61	3943.61	3916.06	3933.6
PREVIOUS DAY (21-04-2012)	3938.96	3940.13	3936.00	3939.38
LAST WEEK ( 16 – 21 APR )	3921.53	3943.85	3901.75	3939.38
PREVIOUS WEEK ( 9 – 13 APR )	3927.07	3947.29	3888.30	3922.75
LASTMONTH ( Mar)	3937.41	3995.28	3902.94	3925.86
PREVIOUS MONTH ( FEB)	3791.46	4005.96	3714.70	3927.09

NEITHER THE RESISTANCE @ 3950 NOR THE SUPPORT LEVEL @ 3900 IS BROKEN. UNTIL THAT IT MAY HAVE A CHANNEL TRADING IN BETWEEN THESE LEVELS.

MCX ENERGY FUTURE DATA

INDEX	OPEN	HIGH	LOW	CLOSE
LAST DAY (23-04-2012)	3492.98	3507.61	3471.9	3503.74
PREVIOUS DAY (21-04-2012)	3480.46	3482.14	3477.63	3480.63
LAST WEEK ( 16 – 21 APR )	3431.80	3492.52	3421.77	3480.63
PREVIOUS WEEK ( 9 – 13 APR )	3453.34	3465.97	3401.55	3447.16
LASTMONTH ( Mar)	3507.81	3602.11	3443.51	3454.13
PREVIOUS MONTH ( FEB)	3288.40	3608.06	3159.87	3480.98

AFTER STRUGLING THE ENERGY FUTURES HAVE CROSSED THE RESISTANCE @ 3495 LEVEL. WE MAY EXPECT THE ENRGY SECTOR MAY MOVE FURTHER UPWARD ABOUT 50 – 75 POINTS.

MCX METAL FUTURE DATA

INDEX	OPEN	HIGH	LOW	CLOSE
LAST DAY (23-04-2012)	4966.07	4966.07	4927.81	4942.46
PREVIOUS DAY (21-04-2012)	4950.75	4958.27	4949.27	4956.53
LAST WEEK ( 16 – 21 APR )	4898.15	4958.27	4866.37	4956.53
PREVIOUS WEEK ( 9 – 13 APR )	4927.58	4968.35	4876.67	4901.8
LASTMONTH ( Mar)	4990.56	5042.01	4879.06	4946.50
PREVIOUS MONTH ( FEB)	4954.80	5163.83	4813.34	4988.73

METAL FUTURE DATA IS NEARING ITS RESISTANCE LEVEL @ 4975 RANGE, ONCE THIS LEVEL IS BROKEN WITH HEAVY BUYING PRESSURE, IT MAY MOVE UPTREND FOR ABOUT 50 – 80 POINTS.

MCX FUTURE PREMIUM DISCOUNT

INDEX	SPOT	FUTURES	PREMIUM	DISCOUNT
AGRI	3656.65	3562.34	0	94.31
COMDEX	3881.65	3933.6	51.95	0
ENERGY	3391.93	3503.74	111.82	0
METAL	4914.72	4942.46	27.74	0

MCX COMMODITY FUTURE RESISTANCE AND SUPPORT LEVELS

FUTURE	R1	R2	R3	S1	S2	S3
AGRI	3567.92	3569.99	3577.64	3562.02	3558.19	3554.04
COMDEX	3938.61	3946.12	3958.64	3924.83	3918.57	3903.54
ENERGY	3505.68	3516.93	3530.13	3487.82	3481.22	3458.71
METAL	4954.27	4963.08	4983.71	4935.14	4924.82	4907.19

COMMODITY RESISTANCE AND SUPPORT LEVELS

SCHEME	R1	R2	R3	S1	S2	S3
ALUMINIUM	107.10	107.30	107.70	106.55	106.15	105.95
COPPER	425.20	427.70	430.50	419.80	417	414.50
CRUDE OIL	5,464	5,486	5,521	5,407	5,372	5,350
GOLD	28,850	28,919	29,033	28,667	28,553	28,484
LEAD	110.10	111.10	111.80	109.85	107.65	106.60
NATURAL GAS	106.80	108.90	111.80	101.90	98.90	96.90
NICKEL	931.30	937.10	941.70	920.90	916.30	910.60
SILVER	56,217	56,882	57,339	55,095	54,638	53,973
ZINC	105.20	105.80	106.40	104	103.40	102.80

TRADING IDEAS

TRADING IDEAS GOLDEN OPTION INVESTMENT PORTFOLIO MCX COMMODITY INVESTMENT PORTFOLIO NCDEX AGRI INVESTMENT PORTFOLIO CURRENCY INVESTMENT PORTFOLIO BEES & FUTURES INVESTMENT PORTFOLIO