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IndiaMCX Market Updates 1st May 2008

1 May 9:18am
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IndiaMCX Market Updates 1st May 2008 - by IndiaMCX

H! Friends,

FED Cut Interest Rate By .025 Basis Points; This Cut is As Per Market Expectations So Market Zoomed After Rate Cut Announcement & After Analyzing on Rate Cut Impact Market Again Trading Lower Side. We'r Still Saying Now Market is Ready 4 Next Multi-Level Crash in Metals & Energy Index.

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 : 11400

Support: 11330-11267-11126

Resistance: 11471-11549-11690

Recommendations: Booked Good Profits & Holding Shorts SL 11487

SILVER July MCX

Pivot  Point: 22286

Support: 22122-21926-21541

Resistance: 22507-22696-23081

Recommendations: Booked Good Profits & W8ing 4 Entry Levels

COPPER June MCX

Pivot  Point: 344.85

Support: 342.80-340.35-336.1

Resistance: 347.05-348.85-353.1

Recommendations: Holding Shorts SL 447.25

NICKEL May MCX

Pivot  Point: 1167

Support: 1149-1137.50-1109.5

Resistance: 1177-1193.50-1221.5

Recommendation: Booked 50% Profits & Holding Shorts SL 1190

LEAD May MCX

Pivot  Point: 109.90

Support: 109.25-108.55-107.15

Resistance: 110.65-111.35-112.75

Recommendations: Booked Loss & W8ing 4 Entry Levels

ZINC May MCX

Pivot  Point: 90.80

Support: 89.95-89.30-87.85

Resistance: 91.40-92.20-93.65

Recommendations: W8ing 4 Entry Levels

CRUDE OIL May MCX

Pivot  Point: 4643

Support: 4572-4515-4386

Resistance: 4701-4773-4902

Recommendations: Booked Good Profits & Holding Shorts SL 4677

Natural GAS may MCX

Pivot  Point : 438.70

Support : 432.30-427.60-417.3

Resistance : 442.60-448.20-458.5

Recommendations: Booked Bumper Profits in Shorts & W8ing 4 Entry Levels


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INR Closed 40.52 TODAY’S range 40.65-40.40; 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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