Monday 30 July 2012

Mcx Trends

Today copper February contract on mcx has broken its resistance of 402 and confirmed a short term bullish breakout with an inverse head and shoulder pattern. MACD above 0 lines with bullish crossover supporting our bullish view. Retest of previous resistance can’t be ruled out but copper has defined 378 as very strong support and buying around 390-395 area would be a good trade decision with stop loss of 378 on daily closing basis for expected targets around 430-445-465 in midterm.  In case of any type of trend change we will update you buying around said price range will be good entry.  Or u can accumulate with small quantity till said stop loss price but best buying zone is 395-390 or below this range only. 

Mcx Tips Trends :-

CH GOLD VIEW
TREND – CONSOLIDATE
STRATEGY- BUY ON DIPS
RES1-29950
RES2-30180
SUP1-29630
SUP2-29350

CH SILVER VIEW
TREND – CONSOLIDATE
STRATEGY-SELL ON HIGH
RES1-53850
RES2- 54750
SUP1-51870
SUP2-50500

CH COPPER VIEW
TREND- CONSOLIDATE
STRATEGY-BUY ON DIPS
RES1-427
RES2-435
SUP1-415
SUP2-406

CH CRUDE VIEW
TREND- CONSOLIDATE
STRATEGY-BUY ON DIPS
RES1-5035
RES2-5110
SUP1-4890
SUP2-4810
Money CapitalHeight Financial Services is an ISO 9001-2011 Registered Company and  a leading Stock Advisory Company, having a strong hold in providing most authentic and accurate Mcx Tips as well as Commodity Tips.
                      We are a team of highly qualified and experienced analysts, who deliver their expertise in providing stock market calls for traders which include tips like Stock Tips, Commodity Tips, Mcx Tips, Equity Tips and Intraday Tips. All services are provided through SMS and Instant Messenger.

0731-4295950

1 comment:

  1. Vedanta, Coal India, BPCL, GAIL and IOC were the top gainers on the Nifty, while losers include TCS, Eicher Motors, Maruti Suzuki, UltraTech Cement and Hero Motocorp.
    Capitalstars

    ReplyDelete