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Thursday, December 2, 2010
Free MCX Calls for 2nd Dec
GOLD(DEC ) Trend Bullish: R2 21150 ,R1 20900 ,S1 20460 ,S2 20200 Strategy buy on Dips
SILVER(DEC) Trend Bullish: R2 44600 ,R1 44000 ,S1 42400 ,S2 41650 Strategy buy on Dips
COPPER(FEB) trend Consolidate: R2 405 ,R1 400 ,S1 392 ,S2 387 Strategy Buy on Dips
CRUDE(DEC) Trend Consolidate: R2 4040 ,R1 3980 ,S1 3865 ,S2 3820 Strategy Buy on Dips
NATURALGAS(DEC) Trend Consolidate: R2 207 ,R1 200 ,S1 190 ,S2 185 Strategy Sell on Higher Levels
LEAD(DEC) : Trend Consolidate: R2 108.50 , R1 106.00, S1 102.50 , S2 100.00Strategy Buy on Dips
ZINC(DEC) Trend Consolidate: R2 103.50,R1 101.30,S1 96.80 ,S2 94.60 Strategy Buy on Dips
NICKEL(DEC) Trend Consolidate: R2 1130 ,R1 1102 ,S1 1037 ,S2 1000 Strategy Buy on Dips
BANK NIFTY LEVELS for 2nd Dec
BANK NIFTY LEVELS
SUPP 1: 12095
SUPP 2: 11840
RES 1: 12500
RES 2: 12650
Bank nifty futures saw a recovery from last two trading days and it may continue in next trading day, if it sustains above 12450 level we can see some more up move from here to 12670 levels. Resistance for bank nifty future is at 12445/12670 and support is at 12185/12100 levels.
Resistance levels: It has first resistance close to the level of 12245 & after it may face the next resistance close to the level of 12670.
Support: It has first support close to the level of 12185 & after it may get the next support close to the level of 12100.
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NIFTY SPOT LEVELS for 2nd DEC
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NIFTY SPOT LEVELS
SUPP 1: 5894
SUPP 2: 5827
RES 1: 6000
RES 2: 6038
Nifty futures as expected saw a good recovery and closed near to its resistance level, we can expect some more up move above 6000 psychological level, if it manages to sustain above 6000 level we can see next level of 6070 level in short term . One should be long in nifty future till it stays above 5900 levels . Resistance for nifty future is at level of 6027/ 6060 and support is at 5925 /5865.
Resistance: It has first resistance close to the level of 6027 & after it may face the next resistance close to the level of 6060.
Support: It has first support close to the level of 5925 & after it may get the next support close to the level of 5865.
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