MCX Pivot point guide for 4th September

 MCX Pivot point guide for 4th September 2012

Traders who are trading in base metals in MCX can take a look at the chart below which will help them.  The Silvermic has made a big move yesterday. The same can be said for Leadmini and Zincmini too. We have to wait to get a clearer picture. Since both metals are in the overbought zone, some profit booking may come in. Meanwhile the spread gap between Leadmini and Zincmini has declined to 6.7, which must be seen as change in the momentum.

	R3	R2	R1	Pivot	S1	S2	S3
ALUMINI	109.68	108.67	108.03	107.02	106.38	105.37	104.73
ALUMINI	109.17	107.93	107.17	105.93	105.17	103.93	103.17
CRUDEOIL	5485.67	5445.33	5417.67	5377.33	5349.67	5309.33	5281.67
GOLDGUINEA	25292.00	25203.00	25108.00	25019.00	24924.00	24835.00	24740.00
GOLDM	31689.33	31564.67	31386.33	31261.67	31083.33	30958.67	30780.33
GOLDPETAL	3171.00	3160.00	3149.00	3138.00	3127.00	3116.00	3105.00
LEADMINI	112.45	111.50	110.80	109.85	109.15	108.20	107.50
MENTHAOIL	1377.73	1370.87	1359.93	1353.07	1342.13	1335.27	1324.33
NATURALGAS	157.43	156.77	156.13	155.47	154.83	154.17	153.53
NICKEL	924.93	916.57	910.43	902.07	895.93	887.57	881.43
NICKELM	924.77	916.53	910.47	902.23	896.17	887.93	881.87
ZINCMINI	105.72	104.73	104.07	103.08	102.42	101.43	100.77
SILVERM	63279.67	62620.33	62034.67	61375.33	60789.67	60130.33	59544.67
SILVERMIC	63266.00	62613.00	62032.00	61379.00	60798.00	60145.00	59564.00

Happy trading!!