MCX India Commodity Outlook & Intraday Trading Tips – 24 Apr’2013

Commodity Outlook-24.04.2013GOLD MCX JUN:

Gold trading projected high range for the day is 26315-26508

Gold trading projected low range for the day is 26389-26196

Major Resistance on upside at 26399-26617-26384

Trend Deciding Level at 26230

Major Support on downside at 26012-25845-25627

SILVER MCX MAY:

Silver trading projected high range for the day is 43185-43758

Silver trading projected low range for the day is 43211-42638

Major Resistance on upside at 43466-44049-44630

Trend Deciding Level at 42903

Major Support on downside at 42321-41757-41175

CRUDE MCX MAY

Crude trading projected high range for the day is 4853-4886

Crude trading projected low range for the day is 4833-4800

Major Resistance on upside at 4873-4899-4924

Trend Deciding Level at 4834

Major Support on downside at 4808-4769-4743

COPPER MCX APR:

Copper trading projected high range for the day is 372-376

Copper trading projected low range for the day is 373-369

Major Resistance on upside at 374-378-382

Trend Deciding Level at 371

Major Support on downside at 367-363-360

NICKEL MCX APR:

Nickel trading projected high range for the day is 823-827

Nickel trading projected low range for the day is 826-822

Major Resistance on upside at 824-830-835

Trend Deciding Level at 829

Major Support on downside at 816-813-888

LEAD MCX APR:

Lead trading projected high range for the day is 108.52-109.35

Lead trading projected low range for the day is 108.05-107.22

Major Resistance on upside at 109-110-111

Trend Deciding Level at 108

Major Support on downside at 108-107-106

ZINC MCX APR:

Zinc trading projected high range for the day is 100.38-100.95

Zinc trading projected low range for the day is 100.35-99.78

Major Resistance on upside at 100.66-101.23-101.80

Trend Deciding Level at 100

Major Support on downside at 99.51-98.83-98.36

NATURAL GAS MCX APR:

Natural Gas trading projected high range for the day is 233-236

Natural Gas trading projected low range for the day is 234-232

Major Resistance on upside at 234-237-239

Trend Deciding Level at 232

Major Support on downside at 230-228-226

MENTHA OIL MCX APR:

Mentha Oil trading projected high range for the day is 1000-1022

Mentha Oil trading projected low range for the day is 1022-1000

Major Resistance on upside at 1008-1037-1066

Trend Deciding Level at 993

Major Support on downside at 964-949-920

TODAY GLOBAL EVENTS::

DATE

TIME

REGION

EVENT

PERIOD

SURVEY

PRIOR

24-04-2012

13:30

GE

IFO – Business Climate

Apr

106.2

106.7

24-04-2012

13:30

GE

IFO – Current Assessment

Apr

109.5

109.9

24-04-2012

13:30

GE

IFO – Expectations

Apr

103

103.6

24-04-2012

16:30

US

MBA Mortgage Applications

19 – Apr

—-

4.80%

24-04-2012

18:00

US

Durable Goods order

Mar

-3.00%

5.70%

Today Intraday Calls To Watch::

Gold Mcx Jun Buy Above 26190 sl 26118 Tgt 26265-26325

Crude Oil Mcx May Sell Below 4843 sl 4864 Tgt 4822-4812