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IndiaMCX Market Updates 7th May 2008

7 May 12:35am
Posted by fingad
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IndiaMCX Market Updates 7th May 2008 - by IndiaMCX

H! Friends,

Today's Market is Looking 2 Open in A "Mixed-Mode" . Metal Sector Specially Base Metals Looking 2 Open in Flat or Negative Zone. Also Today is Crude Oil Weekly Inventory Data is Coming So Lots of Volatility & Choppy Move Expected. Gold is Having Good Hurdle @ $885-$890 But Only Crude Oil Providing Him Good Support So Let Se Gold Pull The Leg of Crude Oil or Crude Oil Push Gold Higher.

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 : 11570

Support: 11477-11376-11189

Resistance: 11664-11750-11937

Recommendations: Booked Profits & Holding Shorts SL 11675

SILVER July MCX

Pivot  Point: 22588

Support: 22352-22160-21748

Resistance: 22764-22984-23396

Recommendations: W8ing 4 Entry Levels

COPPER June MCX

Pivot  Point: 346.85

Support: 343.70-340.75-334.9

Resistance: 349.55-352.45-358.3

Recommendations: Booked Profits & Holding Shorts SL Above 350.50

NICKEL May MCX

Pivot  Point: 1168.50

Support: 1155.50-1145-1123.5

Resistance: 1177-1188-1209.5

Recommendation: Booked Profits & Holding Shorts SL 1192

LEAD May MCX

Pivot  Point: 105.45

Support: 104.25-102.95-100.4

Resistance: 106.80-108.05-110.6

Recommendations: Booked Profits & Holding Shorts SL Above 107

ZINC May MCX

Pivot  Point: 91.60

Support: 90-87.85-84.15

Resistance: 93.70-95.25-98.95

Recommendations: Holding Shorts SL 93.70

CRUDE OIL May MCX

Pivot  Point: 4943

Support: 4859-4784-4639

Resistance: 5004-5074-5219

Recommendations: Holding Shorts SL After Crude Inventory

Natural GAS may MCX

Pivot  Point : 459.20

Support : 454.50-447.60-435.7

Resistance : 466.40-471.40-483.3

Recommendations: Booked Profits & W8ing 4 Entry Levels in Shorts SL Above 475

INR Closed 40.94 TODAY’S range 41.12-40.74; 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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