carrotinvestment

MCX Gold April: Buy around 28200 levels with a stop loss placed below 28012 levels for targets of 28506levels. MCX Silver May: Buy around 56710 levels with a stop loss placed below 56054levels for targets of 57604 levels. MCX Crude April: Buy around 5400 levels with a stop loss placed below 5390 levels for targets of 5500 levels.

The Indian market opens this day of F&O expiry a good note. Earlier, the US markets ended mixed while Asia is in the green at this hour. Sensex is trading at 17064, up 68 points from its previous close, and Nifty is at 5145, up 18 points. CNX Midcap index is up 0.6% and BSE Smallcap index is up 0.5%. The market breadth is positive with advances at 517 against declines of 184 on the NSE.

CRUDE (FEB) In last week, below 5320 not hold any long position and composition for short sell and it made a low 4983. Resistance 5286-5304.Trend decider for this week is 5055. The small trading range Resistance 5020 and support 4940 COPPER (FEB) It continues showing its strength traded above 420 and made a high 458. Today the overall trend is positive and possibly unexpected move in coming days. ALUMINUM (JAN) The overall trend is positive and Support range 118-120 and resistance 122

The above defined rule is not bad ,but its accuracy can be determine after its adoption

Commodity R3 R2 R1 S1 S2 S3 1. Gold 28159 28057 27956 27703 27551 27450 2. Silver 54555 54195 53835 52855 52235 51875 3. Crude 5328 5270 5213 5055 4954 4897 4. Copper 407.5 403.8 400.2 391.1 385.6 381.9 5. Zinc 100.9 100.2 99.49 98.04 97.32 96.6

1. GOLD : Trend Decider of this week: 29158.25 2. SILVER : Trend Decider of this week: 56813.68 3. Crude : Trend Decider of this week: 5183 4. COPPER : Trend Decider of this week: 413