Tuesday, 18 September 2012

Intraday Outlook - Bullions, Base-Metals and Energy Updates


Bullions: MCX Gold October Contract is looking negative for the day. Market may find support near 31750 & 31650; intraday resistance can be seen near 31930 & 32040. MCX Silver December Contract is looking negative for the day. Market may find support near 63700 & 63200; intraday resistance can be seen near 64200 & 64700.

Base Metals: MCX Copper November contract is looking positive for the day. Market may find support near 451 & 448; intraday resistance can be seen near 455 & 458. MCX Nickel September contract is looking positive for the day. Market may find support near 965, 952; intraday resistance can be seen near 984 & 995. 

Energy: MCX Crude oil September contract is slightly negative for the day. Market may find support near 5290 & 5240; intraday resistance can be seen near 5360 & 5410. MCX Natural Gas September contract is negative for the day. Market may find support near 153 & 150 intraday resistance can be seen near 158 & 161 Day traders are advised to sell intraday on rise.

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