Today due to China data (lower then expected inflammation rate)it make some hope to move up in the early morning session for todays trading.Today copper is likely able to make resistance at Rs. 425.3 per kg and Rs. 428.6 per kg.And support at Rs. 419.2 per kg and Rs. 415.5 per kg.Support for the Gold is 27794-.Resistance for the Gold is 28105-28228-28252-28359-28408.spot gold could rise towards USD 1,712 an ounce during the day.
MCX LEAD TIPS TODAY:-Short covering favored Lead with 17% dip in its open interest to 4351 lots and volume traded stood at 9216 lots compared to 21270 lots traded last day. Lead recouped from earlier losses and was found trading just below 9-day EMA with RSI at 47.78. Lead is likely to find resistance at Rs. 107.6 per kg and Rs. 108.1 per kg while support level at Rs. 105.2 per kg and Rs. 104.3 per kg Today.
NCDEX JEERA TIPS:-Jeera March contract ended the last day down by 1.10% at Rs. 13,317.50 after moving in the range of Rs. 13,580-13,265 per quintal and the open interest dipped 1.22% to 8,196 tonnes. Technically March contract is likely to find support at Rs. 13,200, Rs. 13,072 while resistance is at Rs. 13,400, Rs. 13,600 per Quintal.
SL ,TARGET AND MORE COMMODITY STOCKS FILL THE FORM
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