MTECHTIPS MCX TRADING STRONG BUY SELL LEVEL

MCX AUG GOLD VIEW UP SIDE 30930 LOW SIDE 30650 SELL AT UP SIDE 30820 THEN 30870 LOW SIDE TOUCH 30710 THEN 30650

SILVER UP SIDE 59250 LOW SIDE 57800 SELL AT UP SIDE 58900-59150 LOW SIDE TOUCH 57850

MCX CRUDEOIL UP SIDE 5320 LOW SIDE 5220 SELL AT RISE 5290-5310 LOW SIDE TOUCH 5220

MCX COPPER UP SIDE 432 LOW SIDE 426 SIDEWAY MOMENT

MCX ZINC UP SIDE 103 LOW SIDE 101.5 SIDEWAY MOMENT

MCX LEAD UP SIDE 109 LOW SIDE 107.50 SIDEWAY MOMENT

MCX NICKEL UP SIDE 910 LOW SIDE 890 LEVEL SIDEWAY MOMENT

MCX NGAS UP SIDE 158 LOW SIDE 151 BUY AT LOW SIDE 152 UP SIDE TOUCH 158

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Mtechtips GOLD COMEX intraday trading analysis 31-8-2012

Gold spot or comex currently trading at 1658.on intraday basis taking support at 1653 pivot level and moving upwards.rsi also reversing from 50 while cci moving upward from zero mark,so traders above 1653 stay long for target of 1669 and above.but still with bearish divergences so stoploss must be strict on intraday basis.while gold going for positive closing after last 3 weak sessions. there is much more space left for correction!

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Mtechtips SILVER COMEX intraday trading analysis 31-8-2012

Silver spot or comex look weak against gold and slipping down. currently trading at 30.41 near major support. for tomorrow 30.1 is major trend deciding support below this silver will start sharp selling while if holds move upwards or bounce back with gold for target 30.65 and above. silver touched yearly level at 30.2 and now at 30.41!if slip below 30.2 on closing basis and trade below it for 2 or more session then lower side targets of 28 and 26.45 will once again open for silver.

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Mtechtips GOLD MCX intraday trading analysis 31-8-2012

Mcx gold oct expiry future currently trading at 30844 with loss 0.01%.today mcx gold future hit high of 30,855 and low of 30756. on intraday and short term view is bearish and intraday chart still bearish. closing below 30,800 will confirm swing sell signal as we suggesting since last 2-3 sessions. for tomorrow intraday supports are 30,800 and 30,720 while resistance levels are 30,910 and 31,010.intraday trend and momentum both bearish so stay short for downside 100-200 points rally. if close below 30,800 go short for target of 30,200!

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Mtechtips SILVER MCX intraday trading analysis 31-8-2012

Mcx silver sep expiry future currently trading at 57,450 with loss of 0.16%.here also our view is bearish and for tomorrow day traders watch supports of 57,300 and 56,650 while resistances of 57,850 and 58,200.no qe3 will means definite target of 56,000 and below.

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Mtechtips COPPER MCX intraday trading analysis 31-8-2012

Mcx base metals currently trading with gains and leader of rally is copper. for tomorrow ,mcx copper nov future remain buy for targets of 434 and 438 while entry should be near support of 428 with stoploss below 423.

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Mtechtips ALUMINIUM MCX intraday trading analysis 31-8-2012

Mcx aluminium sep future trading at 105.2 and here traders keep accumulating shorts with stoploss on upside and for targets of below 103.mcx aluminum intraday resistances are 105.5 and 105.85 while supports are 105.1 and 104.5

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Mtechtips ZINC MCX intraday trading analysis 31-8-2012

Mcx zinc sep future moving towards 104,currently trading at 103.45.for intraday traders 104.1 and 104.55 are resistances while on downside supports seen at 103.2 and 102.5.for swing traders 104.55 is good entry for short side with big gains!!

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Mtechtips LEAD MCX intraday trading analysis 31-8-2012

Lead sep future 109.8 and 110.5 are resistances while 109 and 108.4 are supports.trend is side wise.

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Mtechtips CRUDEOIL MCX intraday trading analysis 31-8-2012

Crude oil oct future as suggested yesterday and before that heading towards 5250.currently trading at 5332 with day of 5329.today high was 5356!!3 rd time downside move from 5400!!

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Mtechtips NATURALGAS MCX intraday trading analysis 31-8-2012

Natural gas for tomorrow momentum is bullish trend still down but if comes above 152.5 then trend reversal also expected!!currently trading at 150.9 with gains of 0.27%.today for premium subscribers suggested long side with big target for big gains!!already brought on lower side!!

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Mtechtips NICKEL MCX intraday trading analysis 31-8-2012

While for nickel sep future 910 and 898 are supports and 922 and 935 are resistances. trend is side wise

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Mtechtips BANKNIFTY FUT intraday trading analysis 31-8-2012

Banknifty spot today closed at 10,085 with gains of 74 points or 0.73% gains.today in market sharp short covering triggered in market in oversold zones.bank nifty trend still bearish from intraday and short term basis and we suggests positional buying above 10285 on closing basis only. for tomorrow bank nifty intraday resistances are 10,130 and 10,285 while on downside supports are deep at 9975 and 9820.on intraday chart momentum turned into buy side but banknifty still below major averages and that shows trend still is down! stay long in bank nifty future for intraday for targets of 10130 and then 10285 but stoploss is deep down below 9975!

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Mtechtips NIFTY FUT intraday trading analysis 31-8-2012

Nifty spot today closed at 5315 with gains of 27 points or 0.52% gains.as expected opened into red and hit low of 5255.5250 was small support area from that point technical short covering triggered in market while big traders also covered there swing shorts at end of expiry. for tomorrow, intraday momentum still bearish but technical bounce back is going on.for tomorrow 5375 and 5455 are resistance levels while intraday supports are now 5290 and 5215. from positional basis,5315 is now monthly average and above that 5340 is weekly average on downside 5240 is 3 month level support. intraday traders stay long for bounce back with stoploss below 5290 spot and expect targets of 5340 and 5375 in intraday if slip below sit on short side for target 5210-5185 while swing traders hold shorts with closing basis stoploss above5340 for targets 5210.