MTECHTIPS
MTECHTIPS: 23-05-2013 TRADING ANALYSIS & STRONG
BUY/SELL LEVEL
FOR GOLD
Mtechtips MCX GOLD SELL AT 26200-250 STOPLOSS 26500 TGT 25800
TGT 25500
Mcx gold june expiry future last closed at 25972 with loss.
in intraday mcx
gold future made high at 26677 while low was near 25900.
total 700+ points
intraday movement and weaker...
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MTECHTIPS MTECHTIPS: 23-05-2013 TRADING ANALYSIS & STRONG BUY/SELL LEVEL FOR GOLD Mtechtips MCX GOLD SELL AT 26200-250 STOPLOSS 26500 TGT 25800 TGT 25500 Mcx gold june expiry future last closed at 25972 with loss. in intraday mcx gold future made high at 26677 while low was near 25900. total 700+ points intraday movement and weaker gold trend. for intraday below 26200 remain sell on rise trading strategy and expect 25800 to 25500 as downside target for gold future. 23-05-2013 MCX GOLD STRONG BUY/SELL LEVEL MCX GOLD VIEW UP SIDE 26320 LOW SIDE 25545 SELL AT 25180-230 LOW SIDE 25960 THEN 25850 THEN 25550 WWW. MTECHTIPS. COM 07489294118-119
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MTECHTIPS TODAYS SUPPORT
RESISTANCE LEVELS
Mcx
23-05-2013
MTECHTIPS TODAYS SUPPORT RESISTANCE LEVELS
GOLD
S.
25685-25406
R.
26459-26956
SILVER
S.
42631-42037
R.
44210-45195
CRUDEOIL
S.
5256-5216
R.
5347-5398
MTECHTIP
COPPER
S.
411.
4-405.
9
R.
421.
3-425.
8
ZINC
S.
101.
9-100.
6
R.
103.
9-104.
7
LEAD
S.
113.
1-111.
9
R.
115.
1-115.
8
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MTECHTIPS
1.
Copper gets a punch in the belly as China PMI shrinks
Copper futures have received a punch in the belly as China Purchasing
Managers’ Index (PMI) for May has retreated into territory of contraction with
HSBC Flash China Manufacturing PMI providing a reading of 49.
6 compared to
50.
4 in April.
The May readings are at a...
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MTECHTIPS 1. Copper gets a punch in the belly as China PMI shrinks Copper futures have received a punch in the belly as China Purchasing Managers’ Index (PMI) for May has retreated into territory of contraction with HSBC Flash China Manufacturing PMI providing a reading of 49. 6 compared to 50. 4 in April. The May readings are at a seven-month low. Flash China Manufacturing Output Index meanwhile prevailed at 51. 0 compared to 51. 1 in April, a three-month low. A PMI reading of below 50 is indicative of contraction in the economy. Copper futures on the Comex for delivery o July 13 was seen trading at $3. 316 a pound, a loss of $0. 052 or 1. 55% as of 08. 47 AM IST. Commenting on the Flash China Manufacturing PMI survey, Hongbin Qu, Chief Economist, China & CoHead of Asian Economic Research at HSBC said, “the
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MTECHTIPS
MTECHTIPS: 23-05-2013 TRADING ANALYSIS
& STRONG BUY/SELL LEVEL
FOR SILVER
Mtechtips MCX SILVER SELLAT 43200-43500 STOPLOSS 44500
TGT 42300 TGT 41500
Mcx silver july expiry future last closed at 433301 with gains.
in
intraday mcx silver future made high at 44600 while low was
43021.
total 1600 points intraday volatility and...
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MTECHTIPS MTECHTIPS: 23-05-2013 TRADING ANALYSIS & STRONG BUY/SELL LEVEL FOR SILVER Mtechtips MCX SILVER SELLAT 43200-43500 STOPLOSS 44500 TGT 42300 TGT 41500 Mcx silver july expiry future last closed at 433301 with gains. in intraday mcx silver future made high at 44600 while low was 43021. total 1600 points intraday volatility and recovery from bottom. here 43200 is intraday support above this hold long view below that short side rally is expected. 23-05-2013 MCX SILVER STRONG BUY/SELL LEVEL SILVER UP SIDE 44700 LOW SIDE 42795 BUY ABOVE 42800 UP SIDE 43400 THEN 43800 WWW. MTECHTIPS. COM 07489294118-119
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MTECHTIPS
Mtechtips MCX-SX USDINR intraday trading analysis 23-05-2013
Mtechtips usdinr may expiry future last closed at 55.
57 with gains of
11 paise.
in intraday mcx-sx dollar rupee future made high at 55.
73
while low was 55.
42.
total 41 paise intraday movement and strong
dollar.
here on chart above 55.
42 usdinr future trading...
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MTECHTIPS Mtechtips MCX-SX USDINR intraday trading analysis 23-05-2013 Mtechtips usdinr may expiry future last closed at 55. 57 with gains of 11 paise. in intraday mcx-sx dollar rupee future made high at 55. 73 while low was 55. 42. total 41 paise intraday movement and strong dollar. here on chart above 55. 42 usdinr future trading strategy remain buy on dips. on upside expect 55. 7 to 55. 8 as target levels. WWW. MTECHTIPS. COM 07489294118-119
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MTECHTIPS
1.
Gold falls on mixed Bernanke comments
Gold futures traded lower during Thursday’s Asian session, extending losses
accrued on Wednesday in the U.
S.
due to mixed comments from Federal
Reserve Chairman Ben Bernanke during congressional testimony.
On the Comex
division of the New York Mercantile Exchange, gold futures for...
More
MTECHTIPS 1. Gold falls on mixed Bernanke comments Gold futures traded lower during Thursday’s Asian session, extending losses accrued on Wednesday in the U. S. due to mixed comments from Federal Reserve Chairman Ben Bernanke during congressional testimony. On the Comex division of the New York Mercantile Exchange, gold futures for July delivery fell 0. 28% to USD1,363. 55 per troy ounce in Asian trading Thursday after settling down 0. 48% at USD1,371. 05 a troy ounce in U. S. trading on Wednesday. Gold futures were likely to test support USD1,323. 00 a troy ounce, the low from April 16, and resistance at USD1,444. 15, the high from May 14. On Wednesday, Bernanke said the Fed’s USD85 billion per month bond-buying program, also known as the third version of quantitative easing, will stay in place for now. That is what financial markets wanted to hear, but the Fed chairman threw a curve ball by saying QE could taper off if conditions in the world’s largest economy improve. In prep
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MTECHTIPS
MTECHTIPS: 23-05-2013 TRADING ANALYSIS
& STRONG BUY/SELL LEVEL
FOR COPPER
Mtechtips MCX COPPER SELL BELOW 413 STOPLOSS 416.
5 TGT
406
Mcx copper june expiry future last closed at 417 with almost 2%
gains.
in intraday mcx copper future made high above 420 while
low was near 410.
total 10+ rupee move and sharp buying+short...
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MTECHTIPS MTECHTIPS: 23-05-2013 TRADING ANALYSIS & STRONG BUY/SELL LEVEL FOR COPPER Mtechtips MCX COPPER SELL BELOW 413 STOPLOSS 416. 5 TGT 406 Mcx copper june expiry future last closed at 417 with almost 2% gains. in intraday mcx copper future made high above 420 while low was near 410. total 10+ rupee move and sharp buying+short covering rally. for today above 413 remain bullish and on upside 420-424 as next intraday targets. 23-05-2013 MCX COPPER STRONG BUY/SELL LEVEL MCX COPPER UP SIDE 418 LOW SIDE 406 SELL BELOW 413 LOW SIDE 406 WWW. MTECHTIPS. COM 07489294118-119
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MTECHTIPS
Mtechtips MCX-SX EURINR intraday trading analysis
23-05-2013
Mtechtips eurinr may expiry future last closed at 71.
82 with gains of
55 paise.
in intraday mcx-sx euro rupee future made high at 72.
11
while low was 71.
4 total 71 paise intraday movement and stronger
euro as expected.
here support is way down at 71.
5 so...
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MTECHTIPS Mtechtips MCX-SX EURINR intraday trading analysis 23-05-2013 Mtechtips eurinr may expiry future last closed at 71. 82 with gains of 55 paise. in intraday mcx-sx euro rupee future made high at 72. 11 while low was 71. 4 total 71 paise intraday movement and stronger euro as expected. here support is way down at 71. 5 so trading strategy remain buy near support only. WWW. MTECHTIPS. COM 07489294118-119
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MTECHTIPS
1.
Oil falls on inventories data, Bernanke comments
Oil futures traded lower during Thursday’s Asian session as traders focused
more on inventories data and comments from Federal Reserve Chairman Ben
Bernanke than some decent housing data out of the U.
S.
On the New York
Mercantile Exchange, light, sweet crude futures for...
More
MTECHTIPS 1. Oil falls on inventories data, Bernanke comments Oil futures traded lower during Thursday’s Asian session as traders focused more on inventories data and comments from Federal Reserve Chairman Ben Bernanke than some decent housing data out of the U. S. On the New York Mercantile Exchange, light, sweet crude futures for July delivery fell 0. 33% to USD93. 97 per barrel. In U. S. economic news, the National Association of Realtors said existing home sales rose 0. 6% last month to an annual rate of 4. 97 million units, the highest level since November 2009. However, that data point went largely ignored by oil traders after the U. S. Energy Information Administration said in its weekly report that U. S. crude oil inventories fell by 338,000 barrels in the week ended May 17, compared to expectations for a decline of 778,000 barrels. Total U. S. crude oil inventories stood at 394. 6 million barrels as of last week. The report also showed that total motor gasoline invento
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Pub. on May 23rd 2013
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MTECHTIPS
MTECHTIPS: 23-05-2013 TRADING ANALYSIS
& STRONG BUY/SELL LEVEL
FOR NICKEL
Mtechtips MCX NICKEL SELLAT 838-42 STOPLOSS 855 TGT 825 TGT
815
Mcx nickel may expiry future last closed at 845 with gains of 15 rupees.
in
intraday mcx nickel future made high at 848 while low was near 832.
total 16
rupee intraday movement and sharply...
More
MTECHTIPS MTECHTIPS: 23-05-2013 TRADING ANALYSIS & STRONG BUY/SELL LEVEL FOR NICKEL Mtechtips MCX NICKEL SELLAT 838-42 STOPLOSS 855 TGT 825 TGT 815 Mcx nickel may expiry future last closed at 845 with gains of 15 rupees. in intraday mcx nickel future made high at 848 while low was near 832. total 16 rupee intraday movement and sharply recovering nickel. hre for intraday support is 835 and startegy will remain buy on deeper correction. 23-05-2013 MCX NICKEL STRONG BUY/SELL LEVEL MCX NICKEL UP SIDE 855 LOW SIDE 825 SELL BELOW 840-45 LOW SIDE825 THEN 815 WWW. MTECHTIPS. COM 07489294118-119
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