On the occasion of Mahashivaratri, I pray to Lord Shiva that His blessings may always be with you.Happy Shivarathri 2012

MCX PIVOT POINT

SHUBHLAXMI Pivot Points 23-Feb-12   Open int.
Commodity Exp. Prv Cls SUP.3 SUP.2 SUP.1 PIVOT RES.1 RES.2 RES.3 (In Lots)
ALUMINIUM 29-Feb 110.35 107.43 108.12 109.23 109.92 111.03 111.72 112.83 2979
COPPER 29-Feb 417.2 409.10 411.20 414.20 416.30 419.30 421.40 424.40 22523
CRUDEOIL 19-Mar 5243 5173 5200 5221 5248 5269 5296 5317 15937
GOLD 5-Apr 28646 28177 28303 28475 28601 28773 28899 29071 13078
LEAD 29-Feb 104.6 99.63 100.72 102.63 103.72 105.63 106.72 108.63 6914
NATURALGAS 24-Feb 128.2 122.30 124.20 126.20 128.10 130.10 132.00 134.00 19809
NICKEL 29-Feb 993.8 965.7 977.4 985.6 997.3 1005.5 1017.2 1025.4 16640
SILVER 5-Mar 57257 56334 56595 56926 57187 57518 57779 58110 15309
ZINC 29-Feb 100.9 97.18 98.02 99.43 100.27 101.68 102.52 103.93 5191
CPO 29-Feb 538.5 533.1 535.4 537.0 539.3 540.9 543.2 544.8 3889
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SHUBHLAXMI Free Power Level MCX

  
SHUBHLAXMI POWER LEVEL
  SILVER       Thursday, February 23, 2012  
    TODAY ENTRY R/S-1 R/S-2 R/S-3 R/S-4 R/S-5 R/S-6 TREND  
  BUY ABOVE 57300 57441 57580 57665 57808 58121 58389 Ý  
  SELL BELOW 57214 57073 56934 56849 56706 56393 56125  
     
  RECOMMENDATION ENTRY TGT-1 TGT-2 TGT-3 STOP-L EX-T4 EX-T5  
  BUY ON DIPS 57073 57214 57300 57441 56922 57580 57665  
  GO LONG ABOVE 57580 57665 57808 58121 57429 58389    
  SHORT ON HIGH 57441 57300 57214 57073 57592 56934 56849  
  GO SHORT BELOW 56934 56849 56706 56393 57085 56125    
  5-Mar-12   Weekly Trading Range 20 Feb TO 25 Feb -2012    
    HIGH LOW Weekly ENTRY R/S-1 R/S-2 R/S-3 R/S-4 R/S-5 R/S-6 TREND  
  Last 6 Day 57448 55551 BUY ABOVE 56215 56569 56920 57134 57594 57772 57986 Ý  
  18-Days 57777 54671 SELL BELOW 56001 55647 55296 55082 54622 54444 54230  
  30-Days 57777 51755    
  REVERSAL RECOMMENDATION ENTRY TGT-1 TGT-2 TGT-3 STOP-L EX-T4 EX-T5  
    TOP BOTAM BUY ON DIPS 55647 56001 56215 56569 55284 56920 57134  
  Daily 57580 56934 GO LONG ABOVE 56920 57134 57594 57772 56557 57986    
  Weekly 56920 55296 SHORT ON HIGH 56569 56215 56001 55647 56932 55296 55082  
  Short Term Trend GO SHORT BELOW 55296 55082 54622 54444 55659 54230    
  Target Trend Reversal CLICK  FOR CHART Previous Day Price/Vol/OI 22-Feb 21-Feb % Chg  
  58223 á 56240 OPEN HIGH LOW CLOSE Price 57257 57157 0.2%  
  Medium Trend  57171 57448 56856 57257 Volume (Lots) 60226 57248 5.2%  
  $37.90 á $32.64 PIVOT Daily 57187 Weekly 56232 OI (Lots) 15309 16178 -5.4%  
                             
  RULES TO FOLLOW  
  1 BUY ON DIPS When Market Opens Gap Down Buy on Dips (Follow Trend)        
  2 FLAT MARKET When Market Opens Flat, Buy Above Entry Levels And Sell Below Entry levels   
  3 SHORT ON HIGH When Market Opens Gap Up Short on High (Follow Trend)        
  4 GO LONG ABOVE Go Long Above If Price Sustains Above 2nd Resistences Level      
  5 GO SHORT BELOW Go Short Below If Price Sustains Below 2nd Suport Level        
  All Stop Loss on Closing Basis Please Also Follow The Trend Mentioned In the Table  
 

 

MCX-NYMEX LIVE RATE

January 24, 2012: Nickel: Bearish developments

>> Wednesday 25 January 2012


MCX Nickel has formed the third leg of the pullback and has reached the upper end of the channel. In terms of price pattern nickel has formed an ending diagonal which marks the end of the third leg. From the upper end of the channel nickel is being pushed down. The daily upper Bollinger Band is also putting pressure on the price. The daily momentum indicator is showing negative divergence and has given a bearish crossover. The 20 day moving average (DMA; Rs1,003) and the 40 day exponential moving average (DEMA; Rs987.5) are the immediate supports. Overall the upside looks caped at Rs1,040. The Fibonacci targets for the next move down would be Rs965 – 945 ie 38.2% and 50% retracement respectively.

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