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IndiaMCX Market Updates 29th April 2008

29 Apr 12:54am
Posted by fingad
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IndiaMCX Market Updates 29th April 2008 - by IndiaMCX

H! Friends,

Today is Major FED Decision on Interest Rate. Now Chances of Rate Cut is Very Less in This Quarter & FED May Be Hike The Interest Rate; If This Happen Than Gold Can Crash Like Anything.

4rm Past 3 Day's Gold Closing is Below 100 Day's Moving Average But Above Last Low of $872.40. Its Showing That Something is Cooking Very Big Inside. So Be Careful.

Today’s IndiaMCX Market Updates is Uploaded in Ur Favourate Groups; Have A Look on it & Catch The Trade of Day.

GOLD June MCX

Pivot  Point : 11605

Support: 11566-11509-11410

Resistance: 11665-11707-11806

Recommendations: Booked Profits & Holding Shorts SL 11675

SILVER July MCX

Pivot  Point: 22637

Support: 22485-22282-21917

Resistance: 22852-23012-23377

Recommendations: Booked Good Profits & Holding Shorts SL 22875

COPPER June MCX

Pivot  Point: 345.55

Support: 343.85-341.80-338.25

Resistance: 347.50-349.05-352.65

Recommendations: Booked Profits & W8ing 4 Entry Levels; Buy SL Below 441

NICKEL May MCX

Pivot  Point: 1180

Support: 1173-1167-1154

Resistance: 1186-1193-1206

Recommendation: Booked Profits & W8ing 4 Entry Levels; Sell SL 1210

LEAD May MCX

Pivot  Point: 111.15

Support: 110.10-109.15-107.30

Resistance: 111.95-112.85-114.70

Recommendations: Holding Shorts SL 112

ZINC May MCX

Pivot  Point: 92.45

Support: 91.70-90.95-89.40

Resistance: 93.20-91.10-95.60

Recommendations: Booked Profits & W8ing 4 Entry Levels

CRUDE OIL May MCX

Pivot  Point: 4756

Support: 4727-4696-4636

Resistance: 4786-4817-4876

Recommendations: Booked Good Profits & W8ing 4 Entry Levels; Buy SL 4720 or Sell SL 4800

Natural GAS may MCX

Pivot  Point : 454

Support : 445-438-424

Resistance : 459-466-480

Recommendations: Holding Shorts SL 463

INR Closed 40.11 TODAY’S range 40.28-40.00; Precious/Base Metals Can Open Lower

Disclaimer: This Research Report is prepared for general information. Opinions & estimates contained herein are subject to change without notice. The data and information herein provided is believed to be reliable but indiamcx ADVISORY SERVICES does not warrant for its accuracy or completeness. Indiamcx Advisory Services or any of its employees are not liable for any action taken by any party based on the above information. This material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. Special note: Short-term trading may result in huge losses. Traders doing so are doing at their own risk. We are not responsible for any damages.

MARKET CHANGES ITS COLOURS EVERY HOUR SO SL & TARGETS CAN CHANGE EVERY HOUR

If You Need IndiaMCX Market Updates in Your E-Mail than Just Click the Link http://groups.yahoo.com/group/indiamcxmarketupdates

Regards!

Bharat

IndiaMCX Advisory Services
Baljeet Nagar, New Delhi-110008 (INDIA)
+91+9811526475
+91+9873068342
E-Mail: indiamcx@yahoo.co.in & indiamcxonline@yahoo.co.in
www.indiamcxonline.com

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