Lead Zinc Charts

LEADMINI CHART FOR THE MONTH OF SEPTEMBER 2012

 

ZINCMINI CHART FOR THE MONTH OF SEPTEMBER 2012

 

The Leadmini looks good on chart and is likely to move sideways. On the contrary the Zincmini is bound to travel downwards. The spread gap keeps on increasing to stand at 11.2. The price of these two metals will largely depend on the US$ vs INR which we are able to observe. What remains to be seen is the new contracts and the open interests building upon them.

Trading these metals intraday can be profitable because the volatility was high in both cases. One point  to note is corrections in these metals can be very high.

Happy trading!!

The Nifty outlook for 1st October,2012

 The Nifty outlook for 1st October,2012

The Nifty on the chart does not look very impressive. Its new high could not clear the previous candles height. A Harami type pattern indicates the nifty will have to make hard efforts to break the resistance it is now facing. Other factors like the Asia pacific performance could play a part in today's trading.

The important level to watch for is 5742. If this level is taken out the next level will be 5755 and 5762.

On the lower side if the nifty opens below the pivot of 5707, then it would become weak and levels of 5670 and 5657 could also be reached.

Pivot levels for trading the Nifty on October 1^st  

                                                      

Mid R3          5771       R3              5783

Mid R2          5745       R2              5759

Mid R1          5719       R1              5731

Pivot              5707

Mid S1          5693       S1              5679

MID S2         5668       S2              5656

Mid S3          5642       S3              5628

The Nifty outlook for 28th September

The Nifty outlook for 28^th September 

The Asia Pacific region was looking good today so was the European markets. But these did not help us. The Nifty opened at 5673 but after gaining 20 points I came to settle at 5649  this is not much of a trading.

The new pivot point is 5661 not much different form yesterday. If the nifty manages to stay above the pivot of 5661 then it could climb to see the levels of 5695 and 5708. On the lower side if it trades below the pivot it could signal a weak market and pull the nifty down to 5620 and 5607 levels

Nifty pivots for intraday traders .

Mid R3          5726       R3              5736

Mid R2          5699       R2              5715

Mid R1          5672       R1              5682

Pivot             5661

Mid S1          5645       S1              5628

MID S2         5618       S2              5607

Mid S3          5591       S3              5574

Happy trading!!

The Nifty outlook for 27th September

The Nifty outlook for 27^th September 

Almost all of Asia Pacific region were in the red and so was the Europe in the last trading session.. As I write this the Dow was down 44 points. The Nikkei was also in the red. So how our market will behave is something interesting to watch. If the nifty manages to stay above the pivot of 5658 then it could climb to see the levels of 5696 and 5709. If it loses ground it could test even levels of 5621 and 5609. What I have suggested is the price range in which Nifty could trade.

For intra day traders who use pivots to trade I have given the pivots  below.

Mid R3   5702              R3              5712

Mid R2   5685              R2              5692

Mid R1   5668              R1              5678

Pivot       5658

Mid S1   5651              S1              5644

MID S2  5634              S2              5624

Mid S3   5617              S3              5610

Happy trading!!