Trading guide for 7th Friday September 2012
For the traders who trade in MCX I give below the pivot charts of
commonly traded commodities, gold and silver have seen volatile trading.
Especially silver which has a difference of more than 1000 rupees between high
and close. Traders should be aware that unless we buy on dips silver and gold will
not show profits. It is always better to wait for small price correction, buy
and hold. Even for long term investment gold has given decent returns.
For the intraday traders I give below the charts for 7th
Friday
|
|
R3
|
R2
|
R1
|
Pivot
|
S1
|
S2
|
S3
|
|
ALUMINI
|
112.03
|
111.32
|
110.18
|
109.47
|
108.33
|
107.62
|
106.48
|
|
COPPERM
|
443.03
|
441.02
|
437.23
|
435.22
|
431.43
|
429.42
|
425.63
|
|
CRUDEOIL
|
5526.67
|
5482.33
|
5410.67
|
5366.33
|
5294.67
|
5250.33
|
5178.67
|
|
GOLDGUINEA
|
25698.00
|
25581.00
|
25389.00
|
25272.00
|
25080.00
|
24963.00
|
24771.00
|
|
GOLDM
|
32146.00
|
31989.00
|
31736.00
|
31579.00
|
31326.00
|
31169.00
|
30916.00
|
|
GOLDPETAL
|
3221.33
|
3206.67
|
3183.33
|
3168.67
|
3145.33
|
3130.67
|
3107.33
|
|
LEADMINI
|
115.97
|
115.23
|
114.17
|
113.43
|
112.37
|
111.63
|
110.57
|
|
NATURALGAS
|
164.90
|
162.40
|
160.10
|
157.60
|
155.30
|
152.80
|
150.50
|
|
NICKEL
|
942.43
|
936.87
|
926.23
|
920.67
|
910.03
|
904.47
|
893.83
|
|
NICKEL
|
936.00
|
929.90
|
918.20
|
912.10
|
900.40
|
894.30
|
882.60
|
|
NICKEL
|
928.00
|
921.50
|
909.20
|
902.70
|
890.40
|
883.90
|
871.60
|
|
SILVERM
|
64665.33
|
64057.67
|
63205.33
|
62597.67
|
61745.33
|
61137.67
|
60285.33
|
|
SILVERMIC
|
64780.00
|
64130.00
|
63242.00
|
62592.00
|
61704.00
|
61054.00
|
60166.00
|
|
ZINCMINI
|
107.35
|
106.80
|
106.00
|
105.45
|
104.65
|
104.10
|
103.30
|
The
spread gap is now 7.9 and we have wait for correction in price or a dip to make
decision on spread trading.
Happy
trading!
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