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IndiaMCX Market Updates 2nd May 2008

2 May 3:06am
Posted by fingad
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IndiaMCX Market Updates 2nd May 2008 - by IndiaMCX

H! Friends,

Yesterday Whole Market Crushed As Per The Expectations & Today is The Last Trading Session of The Week So We Can See More "Volatile/Fishy" Movement in The Market. One More Fall is Expected in Bullion Than It May Zoom. So W8 4 That.

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

Volume: 233                                   FREE EDITION NOT FOR SALE                   Friday 2nd May 2008

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GOLD June MCX

Pivot  Point : 11260

Support: 11105-11030-10808

Resistance: 11327-11474-11696

Recommendations: Booked Bumper Profits & Holding Long SL 11174

SILVER July MCX

Pivot  Point: 21912

Support: 21464-21116-20300

Resistance: 22280-22748-23564

Recommendations: Booked Good Profits & W8ing 4 Entry Levels

COPPER June MCX

Pivot  Point: 336.05

Support: 330-322.35-306.7

Resistance: 345.65-353.65-369.3

Recommendations: Holding Good Profits & W8ing 4 Entry Levels in Shorts SL 440

NICKEL May MCX

Pivot  Point: 1159

Support: 1145-1137.50-1117.5

Resistance: 1165-1177.50-1197.5

Recommendation: Booked Good Profits & W8ing 4 Entry Levels

LEAD May MCX

Pivot  Point: 105.45

Support: 101.60-99.45-93.45

Resistance: 107.60-111.45-117.45

Recommendations: Booked Loss & Holding Long SL 103

ZINC May MCX

Pivot  Point: 89

Support: 86.90-85.75-82.7

Resistance: 89.95-91.85-94.9

Recommendations: W8ing 4 Entry Levels

CRUDE OIL May MCX

Pivot  Point: 4532

Support: 4445-4392-4255

Resistance: 4582-4666-4803

Recommendations: Booked Bumper Profits & Holding Shorts @ 4515 SL 4530

Natural GAS may MCX

Pivot  Point : 431.70

Support : 422.20-416.90-402

Resistance : 437.10-446.70-461.6

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

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INR Closed 40.46 TODAY’S range 40.74-40.35; Precious/Base Metals Can Open Higher

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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