Vruksha Financial Planners: MCX Base Metals View for 12.03.2013

MCX Copper

Bloomberg reported that China is holding a once-a-decade leadership transition in Congress to be completed on March 17.The congress usually leads to an increase in approvals of infrastructure projects.Investors expect an increase infrastructure spending in the next few months.
Copper Slightly bullish trend on today as per International Market.Daily Chart looks positive for Buying.

Shanghai & LME copper Price Gap narrowing,Arbitrage Buying happened in LME,Makes Copper trade higher.

Yesterday(11.03.2013) MCX Copper Closing Price 425.60.Today MCX Copper Opens above 425.60,MCX Copper Likely to trade upper side.

MCX Copper Technical Levels for 12.03.2013

MCX Copper Upper side breakout point : 427.30(Buy Comes above this point)

MCX Copper Technical Resistances levels : 428.30,429.10,430.20

MCX Copper Down side breakout point : 424.40(Sell Comes below this point)

MCX Copper Technical Supports levels : 423.30,422.70,421.70

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MCX Base metals Pivot levels for 12.03.2013 Click here

For Lead,Zinc Aluminium & Nickel--->Click Read More

MCX Lead

Yesterday(11.03.2013) MCX Lead Closing Price 119.20.MCX Lead looks weak as per MCX Daily Chart.

MCX Lead Technical Levels for 12.03.2013

MCX Lead Upper side breakout point : 120.10(Buy Comes above this point)

MCX Lead Technical Resistances levels :120.60,121.10,121.80

MCX Lead Down side breakout point : 118.60(Sell Comes below this point)

MCX Lead Technical Supports levels : 118.00,117.70,117.10

MCX Copper&Lead Yesterday(11.03.2013)Bhav Copy Data for reference

Commodity	Contract	Open	High	Low	Close
COPPER	30-Apr-13	425.7	426.6	421.65	425.6
COPPER	28-Jun-13	430.8	432.05	427.6	431.2
COPPER MINI	30-Apr-13	425.5	426.35	421.65	425.6
COPPER MINI	28-Jun-13	431.55	432.35	427.65	431.15
LEAD	28-Mar-13	120	120.6	118.4	119.2
LEAD MINI	28-Mar-13	120	120.5	118.4	119.2

MCX Zinc

Yesterday(11.03.2013) MCX Zinc Closing Price 106.Zinc Recovered From 15 months Lows in International Market.
MCX Zinc Technical Levels for 12.03.2013

MCX Zinc Upper side breakout point : 107.40(Buy Comes above this point)

MCX Zinc Technical Resistances levels : 108.00,108.60,109.10

MCX Zinc Down side breakout point :105.20(Sell Comes below this point)

MCX Zinc Technical Supports levels : 104.60,104.20,103.70

MCX Nickel

Yesterday(11.03.2013) MCX Nickel Closing Price 916.Nickel Gained in Base metal Complex,other Base metals likely to turn Buying Side.

MCX Nickel Technical Levels for 12.03.2013

MCX Nickel Upper side breakout point : 918.60(Buy Comes above this point)

MCX Nickel Technical Resistances levels : 921.40,923.60,928.50

MCX Nickel Down side breakout point : 909.20(Sell Comes below this point)

MCX Nickel Technical Supports levels : 906.10,903.40,901.70

MCX Aluminium

Yesterday(11.03.2013) MCX Aluminium Closing Price 104.90.

MCX Aluminium Technical Levels for 12.03.2013

MCX Aluminium Upper side breakout point : 105.70(Buy Comes above this point)

MCX Aluminium Technical Resistances levels : 106.30,106.90,107.40

MCX Aluminium Down side breakout point : 103.90(Sell Comes below this point)

MCX Aluminium Technical Supports levels : 103.20,102.70,101.90

MCX Commodity Yesterday(11.03.2013) Bhav Copy Data for reference

Commodity	Contract	Open	High	Low	Close
ZINC	28-Mar-13	107.15	107.4	104.6	106
ZINC MINI	28-Mar-13	107	107.4	104.6	106
NICKEL	28-Mar-13	909.8	916.7	901.7	916
NICKEL MINI	28-Mar-13	908.5	916.8	902	916
ALUMINIUM	28-Mar-13	105.65	105.85	104.15	104.9
ALUMINI	28-Mar-13	105.6	105.85	104.15	104.9