Commodities Daily Technical Report
Monday | 28th March 2016
Content
Morning Technical Levels
Strategy/Recommendations
Prepared by
Tejas Anil Shigrekar - Technical Research
Anuj Gupta - A.V.P - Technical Research
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[email protected]
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Commodities Daily Technical Report
Monday | 28th March 2016
Morning Technical Levels for Metals and Energy
Commodity
Exchange
Contract
Trend
S2
S1
LTP
R1
R2
Bullions
Gold
MCX
Apr
Sideways
28370
28490
28591
28710
28820
Spot Gold
Sideways
1200
1210
1214
1220
1226
Gold Hedge
NCDEX
Mar
Sideways
26056
26146
26221
26316
26426
Silver
MCX
May
Sideways
36150
36450
36669
36900
37300
Spot Silver
Sideways
14.70
14.90
15.2
15.4
15.55
Silver Hedge
NCDEX
Apr
Sideways
32570
32770
32971
33181
33411
Base Metals
LME Copper
Up
4885
4915
4958
4990
5030
Copper
MCX
Apr
Up
326
328
332.05
334
337
Zinc
MCX
Mar
Sideways
117.80
118.60
119.65
120.3
121.2
Lead
MCX
Mar
Sideways
116.40
117.20
118.1
118.7
119.5
Aluminium
MCX
Mar
Sideways
96.80
97.90
98.75
99.4
100.4
Nickel
MCX
Mar
Sideways
560
570
581
590
598
Energy
Crude Oil
MCX
Mar
Up
2580
2620
2658
2710
2745
Crude Oil
NYMEX
Apr
Up
38.20
39.20
39.75
40.3
40.8
Crude Oil
NCDEX
Mar
Up
2510
2560
2869
2635
2675
Brent Crude Oil
MCX
Mar
Up
2640
2680
2724
2760
2810
Brent Crude Oil
ICE
Mar
Up
40
41
41.3
41.85
42.55
Natural Gas
MCX
Mar
Up
114
118
120.8
124
126
Recommendations
Gold
MCX Apr Contract
Zinc
MCX Mar Contract
Intraday Strategy: Sell MCX Apr Gold between 29600 - 29710, SL -
Intraday Strategy: Sell MCX Mar Zinc between 120 - 120.50, SL
28820, Target - 28490 / 28370
- 121.20, Target - 118.50 / 117.50
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