Pivot Points for MCX traders on 23rd September
|
|
R3
|
R2
|
R1
|
Pivot
|
S1
|
S2
|
S3
|
|
ALUMINI
|
114.83
|
114.07
|
112.88
|
112.12
|
110.93
|
110.17
|
108.98
|
|
COPPERM
|
461.37
|
458.23
|
452.37
|
449.23
|
443.37
|
440.23
|
434.37
|
|
GOLDGUINEA
|
25976.67
|
25854.33
|
25644.67
|
25522.33
|
25312.67
|
25190.33
|
24980.67
|
|
GOLDM
|
32279.67
|
32129.33
|
31856.67
|
31706.33
|
31433.67
|
31283.33
|
31010.67
|
|
GOLDPETAL
|
3245.67
|
3233.33
|
3209.67
|
3197.33
|
3173.67
|
3161.33
|
3137.67
|
|
NATURALGAS
|
160.83
|
157.77
|
155.13
|
152.07
|
149.43
|
146.37
|
143.73
|
|
NICKELM
|
985.17
|
980.03
|
970.87
|
965.73
|
956.57
|
951.43
|
942.27
|
|
SILVERM
|
65794.33
|
65206.67
|
64299.33
|
63711.67
|
62804.33
|
62216.67
|
61309.33
|
|
SILVERMIC
|
65796.00
|
65208.00
|
64298.00
|
63710.00
|
62800.00
|
62212.00
|
61302.00
|
All the metals are
showing weak tendencies that could bring its price down. The strength of INR
against the dollar is also another point to note. Gold and silver are
consolidating as I wrote before. For long term investors the current price of
gold and silver looks attractive. The crude oil is likely to lose more values. The
above chart of pivot points are for day traders.
Happy trading!!
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