MCX Commodity Outlook Today

MCX Commodity Outlook

Gold Dec is looking strong. In near term Gold Dec is expected to continue with its bounce back rally and could test 31500 resistance levels. On downside 31250 is initial support level. Today's Trend - Positive. Strategy buy on dips.

Silver Dec is looking strong. In near term Silver Dec is expected to continue with its bounce back rally and could test 61000 resistance levels. On downside 60500 is initial support level. Today's Trend - Positive. Strategy buy on dips.

Yesterday Copper Nov was successful to close above 442.50 resistance level. If Copper Nov is able to sustain above 442.50 level then it could test 450 levels in coming days.On downside Copper Nov has initial support at 442 followed by support at 439. Today's Trend - Positive. Strategy buy on dips.

Lead Oct looks strong as compare to other metals. Lead Oct now has resistance near 117 levels and support near 114 levels. Today's Trend - Positive Strategy Buy on dips.

Nickel Oct after yesterday's move is looking strong however it has stiff resistance near 928 level. If Nickel Oct close above 928 levels then 940 would be level to watch. On downside 912 is good support level for Nickel Oct. Today's Trend - Positive. Strategy buy on dips.

Zinc Oct yesterday saw bounce back rally however upside was limited. On upside Zinc Oct has stiff resistance level at 102.50 level. If Zinc Oct is able to close above 102.50 then next level to watch out would be 105. Today's Trend - Could be pull back rally.

Free commodity Tips today

BUY MCX NATURAL GAS OCT @ CMP 192 S/L AT 189 TGT 196 - 198.20

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Hot Stocks For 18th Oct 2012

                                   Hot Stocks For 18^th Oct 2012                                                      
 

      Technical based Trading and investment call Entry- Exit Trend Reversal+ Proper Stop loss

         Hourly  Candelstick  Chart – Nifty fut

                  

52 Week High- 5855.60

52 Week Low– 4592.40

Weekly High – 5755

Weekly Low-5637.4

R 3	R 2	R1	PIVOT	S1	S2	S 3
5740.68	5717.76	5691.38	5668.46	5642.08	5619.16	5592.78

                           JUSTIFICATION    (  Buy Side  & Sell  Side  )

Nifty fut Buy Above 5680 for the Targets 5700, 5720 & 5750 Stoploss 5640

Nifty fut Sell Below 5640 for the Targets 5615, 5595 & 5550 Stoploss 5680

Nifty future is looking weak on chart. Today’s close i.e. 5650 is good support level. If down side breakout (i.e. 5640) occurs then the target would be 5615, 5595 & 5550. And If upside breakout occurs (i.e. 5680) then, the target would be 5700, 5720 & 5750 with strictly stop loss of 5640 for buy side and 5680 for sell side.   

BUY SIDE STOCKS  FOR  18-10-2012

DATE	NAME	STRATERGY
18.10.2012	RCOM	BUY ABOVE 62 TGT 63, 64 & 65 STOPLOSS 61
18.10.2012	RANBAXY	BUY ABOVE   552 TGT 557, 562  & 567   STOPLOSS 547

 RCOM AND RANBAXY are looking good on charts, we may see up trend to continue in it.  The RSI Oscillators and MACD Oscillators are also in favor side.

SUPPORT & RESISTANCE LEVELS FOR 18-10-2012

DATE	NAME	R 3	R 2	R1	PIVOT	S1	S2	S 3
18.10.2012	WIPRO	364.03	360.71	356.38	353.06	348.73	345.41	341.08
18.10.2012	TATASTEEL	437.28	430.06	418.63	411.41	399.98	392.76	381.33
18.10.2012	PUNJLLOYD	58.93	57.26	54.73	53.06	50.53	48.86	46.34

SELL SIDE STOCKS  FOR  18-10-2012

DATE	NAME	STRATERGY
18.10.2012	COALINDIA	SELL BELOW 352.5 TGT 349, 346 & 343  STOPLOSS 355
18.10.2012	DRREDDY	SELL BELOW 1680 TGT 1670, 1660 & 1650  STOPLOSS 1690
18.10.2012	EDUCOMP	SELL BELOW 161 TGT 159, 157 & 155  STOPLOSS 163

COALINDIA, DRREDDY AND EDUCOMP are looking weak on charts, we may see down trend to continue in it.  The RSI Oscillators and MACD Oscillators are also in favor side.

DISCLAIMER: Stock trading involves high risk and one can lose Substantial amount of money. The recommendations made herein do not constitute an offer to sell or solicitation to buy any of the Securities mentioned. No representations can be made that recommendations contained herein will be profitable or they will not result in losses. Readers using the information contained herein are solely responsible for their actions. The information is obtained from sources deemed to be reliable but is not guaranteed as to accuracy and completeness. The above recommendations are based on Technical ANALYSIS only.

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