Copper – Nov:
Copper has closed above breakout level; if opens and trade above Rs 364 will be strong indication for bulls in copper.
Levels are – Rs 365.50 / 368 / 372
Supports – Rs 362.70 / 360.25
Crude oil – Oct:
Crude also closed positively; trading above Rs 4,008 levels will be add more strength for bull in crude.
Upper levels – Rs 4008 / 4035 / 4078/ 4104
Supports – Rs 3990 / 3977 / 3950
Nickel – Sept:
Supports - Rs895 / 890 / 882
Resistances – Rs 905.40 / 913.30 / 926.20
Gold – Oct:
The breakout levels for are Rs 26,250 & 25,000 levels. On the up side it may move till Rs 27,000 & downside it may test Rs 24,250 levels.
If it breaks above Rs 26,250 then it is advisable to go long.
Silver – Dec:
Closed above Rs 51,100 is positive sign for silver; silver has strong resistance at Rs 53,500 levels. As we have huge fall in silver, minimum 1000 points need to be place as intraday stop loss.
Supports are – Rs 48750 / 45890
Resistances – Rs 53400 / 55700
Rajesh V. Ravanappan is a practitioner of technical analysis. He has eight years of experience in broking industry. He is a contributing writer for www.goodreturns.in. You can contact him at rajeshvravanappan (at) gmail (dot) com
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