DAILY TECH PICK
| Commodities |
30 Mar 15
MCX Apr Natural Gas; a sharp breakdown below the
170 levels has kept the prices again into bearish
territory. Overall outlook remains weak and further
decline is possible towards 163 & 160 levels. Hence,
upside resistance pegged at 168.60 levels.
Action
Has
SELL
Entry
Around 168.60
Target
163
Stop
171.40
MCX Apr Copper was begun the day with a selling
note and there after continued the same trend.
Currently, 381 levels will act as an immediate
support on downside; flip below the same next level
at 377 levels. However, any rise can be utilized to
create fresh shorts at 387 levels.
Action
SELL
Entry
Around 387
Target
381
Stop
390.40
MCX APR CPO has intact further weakness by
voilatng its rising trend-line support at 438.70 levels.
This signifies that the trend remains weak and
further fall can see towards 427 levels. Hence,
upside resistance resides at 438 levels.
Action
SELL
Entry
Around 438
Target
430/427
R
WAY2WEALTH Brokers Private Ltd.,
No. 14, Frontline Granduer, Walton Road, Bangalore-560001
Email: [email protected] website: www.way2wealth.com
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Stop
442
DAILY TECH PICK
I EQUITIES I
I Commodities I
Outlook & Intraday Strategy
Last
R1
R2
Trade
26831
26953
27045
38395
38800
39356
384.85
387.00
390.40
839.90
846
859.00
Commodity
Expiry
S1
S2
Intraday
Recommendation
Gold
Silver
Copper
Nickel
05'Apr
05'May
30'Apr
30'Apr
26754
38030
381.40
827
26650
37540
377.70
816
Bullish
Bullish
Bearish
Bearish
Buy at S1 TGT R1 SL 26650
Buy at S1 TGT R1 SL 37540
Sell at R1 TGT S1 SL 390.40
Sell at R1 TGT S1 SL 859
Zinc
30'Apr
130.35
129.50
130.90
132.15
133.35
Bullish
Buy at S1 TGT R1 SL 129.50
Lead
Aluminum
Crude Oil
Natural Gas
Mentha Oil
Cotton
Chana
30'Apr
30'Apr
20'Apr
27'Apr
31'Mar
31'Mar
20'Apr
114.40
111.10
3113
163.4
807
15170
3590
113.60
109.80
3072
160.0
793.0
15040
3556
115.00
112.40
3152
166.6
819.0
15280
3615
116.35
112.85
3186
168.6
827.0
15430
3653
117.40
113.70
3233
171.40
840.00
15570
3687
Bullish
Bearish
Bearish
Bearish
Bearish
Bullish
Sideways
3382
3445
3476
Bullish
546.0
555.95
560.0
566.0
Bullish
3350
3306
3367
3375
3405
Bearish
1657
14287
7500
8577
3630
1633
14150
7440
8502
3597
1672
14430
7574
8631
3674
1696
14545
7623
8720
3710
1715
14673
7687
8810
3756
Bullish
Bearish
Bearish
Bullish
Sideways
Buy at S1 TGT R1 SL 113.60
Sell at R1 TGT S1 SL 113.70
Sell at R1 TGT S1 SL 3233
Sell at R1 TGT S1 SL 171.40
Sell at R1 TGT S1 SL 840
Buy at S1 TGT R1 SL 15040
Wait for call
Buy above 3395 TGT 3445 SL
3365
Buy at S1 TGT R1 SL 546
Sell below S1 TGT S2 SL
3375
Buy at S1 TGT R1 SL 1633
Sell at R1 TGT S1 SL 14673
Sell at R1 TGT S1 SL 7687
Buy at S1 TGT R1 SL 8502
Wait for call
Soya Bean
20'Apr
3365
3331
Soya Oil
20'Apr
551.3
RM Seed
20'Apr
Cocud cake
Jeera
Turmeric
Dhaniya
Castor seed
20'Apr
20'Apr
20'Apr
20'Apr
20'Apr
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Email: [email protected] website: www.way2wealth.com
Way2wealth Research is also available on Bloomberg WTWL <GO>