Gold Commodities India

Author having wide experience in Commodities market and advising from last 13 years.

Independent  |  INH000005069

Gold Commodities India Calls

CMP

40164.0

Support-1

39900.0

Support-2

39400.0

Resistance-1

40650.0

Resistance-2

40300.0

Description

Clearly Written here on 20 February>>>>>> We recommended here to stay alert at higher levels. For today Selling range in Silver is at 40650-40750 range. And today if manage to close below 40300 then also major break down can be seen..Still sell rallies unless close above 41000......

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CMP

33449.0

Support-1

33400.0

Support-2

33150.0

Resistance-1

33700.0

Resistance-2

34050.0

Description

As we mentioned here yesterday that short term upside is over. For today on higher side today it will face resistance at 33600-33700 area. On downside 33400-33200 area is short term support area. So trading between this range will be seen today. So sell on rallies is the strategy for today.

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CMP

193.8

Support-1

192.0

Support-2

190.0

Resistance-1

194.5

Resistance-2

196.0

Description

Now some correction can be seen in Zinc. For long term on lower side support area is at 187-186 and resistance area is at 194-196 ranges. Trading between this range can be seen for next few sessions. For today support area at 190-189 ranges and resistance at 194 area. So for today some pressure can be seen in early sessions.

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CMP

458.0

Support-1

454.0

Support-2

448.0

Resistance-1

462.0

Resistance-2

465.0

Description

Now Copper Closed at the highest level since many months. Now on lower side support area at 445-450 ranges will be seen. No downside will be seen unless Copper manage to close below 445 level. On higher side 462-465 area is next resistance level for it. For longer term looks still bullish. So on any major downside grab it for long term.

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CMP

4089.0

Support-1

4060.0

Support-2

3980.0

Resistance-1

4120.0

Resistance-2

4180.0

Description

Rally was seen from last few days.Now Crude will face strong resistance area on higher side for short term. On higher side 4100-4150 area is strong hurdle for medium term. So selling above this area can be done. On lower side support at 4060- 4040 ranges. If manage to close below this area then sharp correction will b seen towards 3920 in coming sessions.

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CMP

441.8

Support-1

438.0

Support-2

432.0

Resistance-1

445.0

Resistance-2

452.0

Description

Now on higher side next resistance at 445-447 ranges. If manage to close above this area then next upside will be seen. On lower side support at 436-437 ranges. If today takes resistance at 445 area then again some downside will be seen.

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CMP

190.45

Support-1

187.0

Support-2

184.0

Resistance-1

192.0

Resistance-2

194.5

Description

Now support for today is at 186-187 ranges. On higher side 191-192 is resistance area. So trading between this range will be seen for coming session. Still rallies will find selling from higher levels.

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CMP

3951.0

Support-1

3900.0

Support-2

3840.0

Resistance-1

4010.0

Resistance-2

4050.0

Description

Last week Crude rebounded from the lower levels. And closed higher above short term resistance of 3920. Now for today support area at 3900-3950. On higher side 4000-4035 is crucial resistance for near term Which can be tested in coming sessions.

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CMP

33384.0

Support-1

33400.0

Support-2

33150.0

Resistance-1

33600.0

Resistance-2

33750.0

Description

Gold taken support from lower levels around 32800 as mentioned earlier here. Now on higher side 33600 level is short term resistance level. Once manage to close above 33600 then some more upside will be seen in coming sessions. Today likely to open higher. Support area at 33400-33450 ranges.

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CMP

3719.0

Support-1

3700.0

Support-2

3650.0

Resistance-1

3790.0

Resistance-2

3830.0

Description

Now today on higher side 3790 is minor hurdle. And 3820 area is strong hurdle. Still will face selling from higher side. Support for today at 3700 area. Above this some rise can be seen.

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