By Paul Ploumis 31 Aug 2015 Last updated at 01:01:11 GMT
Intraday Strategy: Buy MCX Oct Gold between 26480 – 26530, SL- 26350, Target -26750 / 26780
Morning Technical Levels for Metals and Energy
Commodity | Exchange | Contract | Trend | S2 | S1 | LTP | R1 | R2 |
Gold | MCX | Oct | Sideways | 26350 | 26500 | 26623 | 26750 | 26900 |
Spot Gold | Sideways | 1122 | 1129 | 1134 | 1139 | 1146 | ||
Gold Hedge | NCDEX | Sept | Sideways | 23630 | 23760 | 23874 | 23990 | 24120 |
Silver | MCX | Dec | Sideways | 34300 | 34700 | 35089 | 35400 | 35800 |
Spot Silver | Sideways | 14.20 | 14.40 | 14.52 | 14.60 | 14.80 | ||
Silver Hedge | NCDEX | Nov | Sideways | 30580 | 30983 | 31372 | 31680 | 32080 |
Base Metal
Copper | Up | 5000 | 5050 | 5095 | 5150 | 5190 | ||
Copper | MCX | Aug | Up | 336 | 339 | 342.2 | 346 | 349 |
Zinc | MCX | Sept | Up | 118.50 | 119.50 | 120.75 | 122.00 | 123.00 |
Lead | MCX | Sept | Up | 113.50 | 114.50 | 115.40 | 116.50 | 117.50 |
Aluminium | MCX | Sept | Up | 104.50 | 105.80 | 106.80 | 107.80 | 109.00 |
Nickel | MCX | Sept | Up | 648 | 660 | 669.7 | 675 | 685 |
Recommendations
Gold MCX Oct Contract
Intraday Strategy: Buy MCX Oct Gold between 26480 – 26530, SL – 26350, Target – 26750 / 26780
Nickel MCX Sept Contract
Intraday Strategy: Buy MCX Sept Nickel between 658 – 660, SL – 648, Target – 675 / 680
Courtesy : Angel Commodities
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