HuCommodity Big Shot-Indian Market View, VOL-128

Bullion

Gold support at 44500.

Resistance at 45700.

Above 45050... Catch it with stop loss below 44500. Target looks 46900---47200

Fresh selling on a close below 44500 levels only.

Silver has support at 66800.

Resistance at 69400.

Trading in a very tight range. We will get clear picture after expiry.

Mcxbulldex

Support at 14200 and resistance at 14600.

Buy above 14600 with stop loss below 14200 for the upside target of 14900---15050.

Base Metal

1) Copper... Positional stop loss is 688 and resistance at 720. Trade within a range. Either side break or close with volume will decide further.

2) Nickel has support at 1250 and resistance at 1300---1335. (Be cautious for the day)

3) Zinc has support at 217 and resistance at 225.

4) Lead has support at 165 and resistance at 170.

5) Aluminum has support at 174 and resistance at 179.

Energy

High volatile commodity is crude oil nowadays. Buy around 4470 with stop loss below 4360 for an upside target of 4600---4675.

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

Top Pick

Buy Crude oil around 4470. Stop loss below 4360. Target 4600--4675.

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