Moneycontrol > News > Brokerage Recos - Commodities

Oct 03, 2012, 12.18 PM IST

Sell MCX Copper around Rs 442: Fortune Financial

Fortune Financial Services has come out with its report on MCX Gold, Silver, Natural Gas, Crude Oil, Copper and Nickel. According to the research firm, one can sell MCX Copper around Rs 442 with a stoploss of Rs 445 for a target of Rs 435.

Source: Moneycontrol.com
Share Share on Tumblr
Share  .  Email  .  Print  .  A+
Fortune Financial Services has come out with its report on MCX Gold, Silver, Natural Gas, Crude Oil, Copper and Nickel. According to the research firm, one can sell MCX Copper around Rs 442 with a stoploss of Rs 445 for a target of Rs 435.
 
MCX Gold December Contract is looking slightly negative for the day. Market may find support near 31330 & 31220; intraday resistance can be seen near 31470 & 31560. Day traders are advised to sell intraday on rise. (Sell around 31470 with SL 31560, for the target of 31330 & 31220.) 


MCX Silver December Contract is looking slightly negative for the day. Market may find support near 62700 & 62200; intraday resistance can be seen near 63300 & 63800. Day traders are advised to sell intraday on rise (Sell around 63300 with SL 63800, for the target of 62700 & 62200.) 


MCX Natural Gas October contract is looking positive for the day. Market may find support near 180 & 177 intraday resistance can be seen near 183 & 186 Day traders are advised to buy intraday on dips. (Buy around 180 with SL 177 for the target of 183 & 186.) 


MCX Crude oil October contract is looking slightly negative for the day. Market may find support near 4830 & 4780; intraday resistance can be seen near 4890 & 4930. Day traders are advised to sell intraday on rise. (Sell around 4890 with SL 4930, for the target of 4830 & 4780.) 


MCX Copper November contract is looking slightly negative for the day. Market may find support near 438 & 435; intraday resistance can be seen near 442 & 445. Day traders are advised to sell intraday on rise. (Sell around 442 with SL 445, for the target of 438 & 435.) 


MCX Nickel October contract is looking positive for the day. Market may find support near 978, 968; intraday resistance can be seen near 995 & 1002. Day traders are advised to buy intraday on dips. (Buy around 978 with SL 968, for the target of 995 & 1002.) 


Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.



To read the full report click here

Next-gen Xbox more than a console for Microsoft
Big deal: Obama's shale gas decision is a huge opportunity for India "Big deal: Obama's shale gas decision is a huge opportunity for India"

From DJ EU Officials Spain Aid Cap Of 100 Bn Euros 'should Be Enough'

The latest earning numbers FIRST on CNBC-TV18
News Videos

May 18 2013, 17:26

No asset class is risk-free: Axis Cap`s Nandan Chakraborty

- in MARKET OUTLOOK

May 17 2013, 12:39

F&O cues: Nifty to hover in 5800-6200, says Amit Trivedi

- in MARKET OUTLOOK