Commodities Daily Technical Levels
Friday, June 12, 2020
Bullion

*MCX Gold (Rs) Trend Up*
Support S1 47150 S2 46800
Resistance R1 47750 R2 47950

*Spot Gold ($) Trend Up*
Support S1 1716 S2 1704
Resistance R1 1738 R2 1746

*MCX Silver (Rs) Trend Up*
Support S1 48200 S2 47800
Resistance R1 48950 R2 49250

*Spot Silver ($) Trend Up*
Support S1 17.30 S2 17.10
Resistance R1 17.60 R2 17.75

Base Metals
*LME Copper ($)*
Support S1 5720 S2 5668
Resistance R1 5810 R2 5850

*MCX Copper (Rs.) *
Support S1 439 S2 435
Resistance R1 446 R2 449

*MCX Zinc*
Support S1 158 S2 156
Resistance R1 162 R2 164

*MCX Lead*
Support S1 138 S2 136
Resistance R1 142 R2 144

*MCX Aluminium*
Support S1 134 S2 132
Resistance R1 138 R2 140

*MCX Nickel*
Support S1 950 S2 940
Resistance R1 975 R2 985

Energy
*MCX Crude Trend Down*
Support S1 2710 S2 2640
Resistance R1 2830 R2 2890

*Nymex Crude ($) Trend Down*
Support S1 34.40 S2 33.60
Resistance R1 35.90 R2 36.70

*ICE Brent Crude ($) Trend Down*
Support S1 36.70 S2 35.90
Resistance R1 38.30 R2 39.10

*MCX Natural Gas*
Support S1 134 S2 131
Resistance R1 142 R7 146

SC hearing on interest rate waiver on moratorium is in the afternoon. This is a big trigger for market on either side. Ideally we should take big call on the market post this event.

FM Press Conference today at 12.45pm on outcome of GST council meeting

Good Morning Traders💐

Commodities Daily Technical Levels
Monday, June 15, 2020
Bullion

*MCX Gold (Rs) Trend Up*
Support S1 47150 S2 46850
Resistance R1 47550 R2 47800

*Spot Gold ($) Trend Up*
Support S1 1725 S2 1714
Resistance R1 1740 R2 1749

*MCX Silver (Rs) Trend Up*
Support S1 47250 S2 46800
Resistance R1 47900 R2 48200

*Spot Silver ($) Trend Up*
Support S1 17.35 S2 17.10
Resistance R1 17.55 R2 17.70

Base Metals
*LME Copper ($)*
Support S1 5710 S2 5671
Resistance R1 5780 R2 5820

*MCX Copper (Rs.) *
Support S1 440 S2 437
Resistance R1 446 R2 449

*MCX Zinc*
Support S1 157 S2 155
Resistance R1 161 R2 163

*MCX Lead*
Support S1 139 S2 137
Resistance R1 143 R2 145

*MCX Aluminium*
Support S1 133 S2 131
Resistance R1 138 R2 140

*MCX Nickel*
Support S1 955 S2 940
Resistance R1 980 R2 990

Energy
*MCX Crude Trend Down*
Support S1 2650 S2 2570
Resistance R1 2780 R2 2830

*Nymex Crude ($) Trend Down*
Support S1 34.20 S2 33.20
Resistance R1 35.90 R2 36.50

*ICE Brent Crude ($) Trend Down*
Support S1 36.60 S2 35.60
Resistance R1 38.30 R2 38.90

*MCX Natural Gas*
Support S1 130 S2 127
Resistance R1 137 R7 140

BUY BANKNIFTY 20200CE @ 340-50
TARGET OPEN

360+🔥🔥

375🔥🔥

❗Booking & Trailing to be done as per your comfort. Don't wait for our updates.

395🔥🔥 don't hold

Good Morning Traders💐

Commodities Daily Technical Levels
Tuesday, June 16, 2020
Bullion

*MCX Gold (Rs) Trend Up*
Support S1 46800 S2 46550
Resistance R1 47350 R2 47650

*Spot Gold ($) Trend Up*
Support S1 1723 S2 1713
Resistance R1 1743 R2 1754

*MCX Silver (Rs) Trend Up*
Support S1 47000 S2 46650
Resistance R1 47750 R2 48100

*Spot Silver ($) Trend Up*
Support S1 17.25 S2 17.10
Resistance R1 17.55 R2 17.70

Base Metals
*LME Copper ($)*
Support S1 5780 S2 5740
Resistance R1 5870 R2 5910

*MCX Copper (Rs.) *
Support S1 436 S2 433
Resistance R1 443 R2 446

*MCX Zinc*
Support S1 157 S2 155
Resistance R1 161 R2 163

*MCX Lead*
Support S1 139 S2 137
Resistance R1 142 R2 144

*MCX Aluminium*
Support S1 133 S2 131
Resistance R1 136 R2 138

*MCX Nickel*
Support S1 965 S2 955
Resistance R1 985 R2 995

Energy
*MCX Crude Trend*
Support S1 2720 S2 2650
Resistance R1 2830 R2 2890

*Nymex Crude ($) Trend*
Support S1 36.30 S2 35.40
Resistance R1 37.80 R2 38.60

*ICE Brent Crude ($) Trend*
Support S1 38.90 S2 37.90
Resistance R1 40.30 R2 41.10

*MCX Natural Gas*
Support S1 125 S2 122
Resistance R1 132 R7 135

Good Morning Traders💐

Commodities Daily Technical Levels
Wednesday, June 17, 2020
Bullion

*MCX Gold (Rs) Trend Up*
Support S1 47200 S2 46950
Resistance R1 47750 R2 47950

*Spot Gold ($) Trend Up*
Support S1 1711 S2 1702
Resistance R1 1731 R2 1738

*MCX Silver (Rs) Trend Up*
Support S1 48000 S2 47650
Resistance R1 48750 R2 49100

*Spot Silver ($) Trend Up*
Support S1 17.25 S2 17.10
Resistance R1 17.50 R2 17.65

Base Metals
*LME Copper ($)*
Support S1 5689 S2 5630
Resistance R1 5760 R2 5800

*MCX Copper (Rs.) *
Support S1 439 S2 435
Resistance R1 445 R2 448

*MCX Zinc*
Support S1 157 S2 155
Resistance R1 161 R2 163

*MCX Lead*
Support S1 140 S2 138
Resistance R1 145 R2 147

*MCX Aluminium*
Support S1 134 S2 132
Resistance R1 139 R2 140

*MCX Nickel*
Support S1 985 S2 970
Resistance R1 1005 R2 1018

Energy
*MCX Crude Trend*
Support S1 2860 S2 2790
Resistance R1 2980 R2 3030

*Nymex Crude ($) Trend*
Support S1 36.60 S2 35.70
Resistance R1 38.10 R2 38.80

*ICE Brent Crude ($) Trend*
Support S1 39.30 S2 38.40
Resistance R1 40.90 R2 41.50

*MCX Natural Gas*
Support S1 120 S2 117
Resistance R1 126 R7 129

Good Morning Traders💐

Commodities Daily Technical Levels
Thursday, June 18, 2020
Bullion

*MCX Gold (Rs)*
Support S1 47100 S2 46850
Resistance R1 47550 R2 47750

*Spot Gold ($)*
Support S1 1717 S2 1708
Resistance R1 1734 R2 1741

*MCX Silver (Rs)*
Support S1 48100 S2 47650
Resistance R1 48850 R2 49150

*Spot Silver ($)*
Support S1 17.35 S2 17.10
Resistance R1 17.60 R2 17.80

Base Metals
*LME Copper ($)*
Support S1 5720 S2 5680
Resistance R1 5790 R2 5830

*MCX Copper (Rs.) *
Support S1 442 S2 439
Resistance R1 448 R2 451

*MCX Zinc*
Support S1 158 S2 156
Resistance R1 162 R2 164

*MCX Lead*
Support S1 141 S2 139
Resistance R1 145 R2 147

*MCX Aluminium*
Support S1 135 S2 133
Resistance R1 139 R2 141

*MCX Nickel*
Support S1 965 S2 955
Resistance R1 990 R2 1002

Energy
*MCX Crude Trend*
Support S1 2850 S2 2780
Resistance R1 2960 R2 3010

*Nymex Crude ($) Trend*
Support S1 36.50 S2 35.70
Resistance R1 37.90 R2 38.60

*ICE Brent Crude ($) Trend*
Support S1 39.50 S2 38.60
Resistance R1 40.90 R2 41.50

*MCX Natural Gas*
Support S1 120 S2 117
Resistance R1 126 R7 129

Outcome of AGR issue by SC likely in the afternoon sessions … Banking and Telecom focus

 

Telecom stocks are trading flat today ahead of Supreme Court hearing on the adjusted gross revenue (AGR) issue. Both Idea and Bharati Airtel gained marginally. The government's application that telecom companies be allowed to spread the payment of their dues over 20 years or less (time line of AGR payment). Supreme Court may announce in the afternoon session  - Traders wait for the Supreme Court verdict.

Vodafone said not in a position to give any more guarantee, have bank guarantee of Rs15000cr that can consider as security               

Supreme Court adjourn telecom dues case to July third week