Moneycontrol.com
MCX Aluminium January contract looks positive
Edited by : AL CIRCLE
1 min read
Fortune Financial Servies has come out with its report on bullion, metals and energy. According to the research firm, MCX Silver March Contract is looking slightly negative for the day. Market may find support near 57750 & 57200; intraday resistance can be seen near 58200 & 58700. Day traders can sell intraday on rise.
Metals: Base metal futures on the MCX were largely flat in thin trade, as encouraging news of a likely breakthrough in the US fiscal cliff talks was offset by a firm rupee. Other metals were faring better, but only marginally, with aluminium and zinc up 5 paise each, and nickel up 20 paise from Monday's close.
MCX Aluminium January contract is looking positive for the day. Market may find support near 112.40, 111.50, intraday resistance can be seen near 113.70 & 114.80 Day traders are advised to buy intraday on dips. (Buy around 112.40 with SL 111.50 for the target of 113.70 & 114.80.
Metals: Base metal futures on the MCX were largely flat in thin trade, as encouraging news of a likely breakthrough in the US fiscal cliff talks was offset by a firm rupee. Other metals were faring better, but only marginally, with aluminium and zinc up 5 paise each, and nickel up 20 paise from Monday's close.
MCX Aluminium January contract is looking positive for the day. Market may find support near 112.40, 111.50, intraday resistance can be seen near 113.70 & 114.80 Day traders are advised to buy intraday on dips. (Buy around 112.40 with SL 111.50 for the target of 113.70 & 114.80.
Previous article
Alba promotes aluminium as a career option for the present generation
Next articleNALCO gains 4% as govt plans to divest over 12%
Grow with
AL Circle
