Commodity Big Shot-Indian Market View, VOL-127

Bullion

Gold support at 45200---44900.

Resistance at 45700.

Above 45700... Catch it with stop loss below 44900. Target looks 46900---47200

Fresh selling on a close below 44900 levels only.

Silver (May) has support at 68000.

Resistance at 69800---70300.

Fresh upside rally we will see on a close above the resistance level of 70300 only else it could test it's support level of 68000 again

Fresh downside panic we will expect on a close below 68000 levels only.

Mcxbulldex

Support at 14300 and resistance at 14600.

Buy above 14600 with stop loss below 14300 for the upside target of 14900---15050.

Base Metal

1) Copper... Now positional stop loss is 685. Any sharp downside panic till 708---705 will be the best buying opportunity in it.

2) Nickel has support at 1335 and resistance at 1370.

3) Zinc has support at 218 and resistance at 225. Any sharp downside panic will be the best buying opportunity in it.

4) Lead has support at 168 and resistance at 172.

5) Aluminum has support at 169 and resistance at 178. (Wait for correction)

Energy

Crude oil has support at 4400. Break and sustain below 4400 will take it to 4320---4280 levels else it could test it's resistance again.

Fresh buying we will do on a close above 4525 levels only.

Natural gas... Above 208, target looks 217---223. (Maintain strict stop loss below 198 on a closing basis)

Top Pick

Buy Gold mini as per Gold above 45700. Add more lot around 45200. Stop loss below 44900. Target 46900---47200

Read disclaimer before investing. For queries, contact your RM

www.indianmarketview.com

research@indianmarketview.com

Twitter- @imvtweet