Vruksha Financial Planners: MCX Base Metals View for 15.03.2013

MCX Copper

Copper Traded nearly One Dollar Higher than yesterday MCX Closing Price.Copper Trades above 354,Looks positive for Buying trend in International Market

Yesterday(14.03.2013) MCX Copper Closing Price 426.30.MCX Copper also Weak as per MCX Daily chart.

MCX Copper Technical Levels for 15.03.2013

MCX Copper Upper side breakout point : 428.40(Buy Comes above this point)

MCX Copper Technical Resistances levels : 429.30,430.40,431.50

MCX Copper Down side breakout point : 425.20(Sell Comes below this point)

MCX Copper Technical Supports levels :424.30,423.40,421.70

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MCX Base metals Pivot levels for 15.03.2013 Click here

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

MCX Lead

Yesterday(14.03.2013) MCX Lead Closing Price 121.35.MCX Lead looks weak as per MCX Chart.

MCX Lead Technical Levels for 15.03.2013

MCX Lead Upper side breakout point : 122.40(Buy Comes above this point)

MCX Lead Technical Resistances levels :122.90,123.30,123.80

MCX Lead Down side breakout point : 121.20(Sell Comes below this point)

MCX Lead Technical Supports levels :120.70,120.20,119.70

MCX Copper&Lead Yesterday(14.03.2013)Bhav Copy Data for reference

Commodity	Contract	Open	High	Low	Close
COPPER	30-Apr-13	426.85	428.6	425.85	426.3
COPPER	28-Jun-13	432.45	434	431.55	431.9
COPPER MINI	30-Apr-13	427.15	428.55	425.7	426.3
COPPER MINI	28-Jun-13	432.7	433.95	431.6	431.95
LEAD	28-Mar-13	121.9	122.35	121.25	121.35
LEAD MINI	28-Mar-13	121.95	122.4	121.1	121.35

MCX Zinc

Yesterday(14.03.2013) MCX Zinc Closing Price 106.10.China’s State Reserves Bureau’s tenders to buy 50,000 tons of refined zinc from domestic smelters will continue the fundamental issue of oversupply.The purchases program announced in November to ultimately support metal prices for domestic smelters near term, but will add to the over supply.
MCX Zinc Technical Levels for 15.03.2013

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

MCX Zinc Technical Resistances levels : 107.90,108.50,109.10

MCX Zinc Down side breakout point :105.80(Sell Comes below this point)

MCX Zinc Technical Supports levels : 105.30,104.80,104.20

MCX Nickel

Yesterday(14.03.2013) MCX Nickel Closing Price 932.30.Nickel Gained due to Strong economic indicators & demand signals.

MCX Nickel Technical Levels for 15.03.2013

MCX Nickel Upper side breakout point : 935.80(Buy Comes above this point)

MCX Nickel Technical Resistances levels : 938.80,941.20,944.30

MCX Nickel Down side breakout point : 930.30(Sell Comes below this point)

MCX Nickel Technical Supports levels : 927.40,924.60,921.80

MCX Aluminium

Yesterday(14.03.2013) MCX Aluminium Closing Price 105.55.China’s State Reserves Bureau’s tenders to buy 300,000 metric tons of primary aluminum.The aluminum market will remain in a supply glut in 2013, Even RUSAL(Global Leader of Aluminium production) announcement to cut 300,000 tons pa of capacity through 2015.

MCX Aluminium Technical Levels for 15.03.2013

MCX Aluminium Upper side breakout point : 106.80(Buy Comes above this point)

MCX Aluminium Technical Resistances levels : 107.30,107.60,108.20

MCX Aluminium Down side breakout point : 105.30(Sell Comes below this point)

MCX Aluminium Technical Supports levels : 104.80,104.30,103.80

MCX Commodity Yesterday(14.03.2013) Bhav Copy Data for reference

Commodity	Contract	Open	High	Low	Close
ZINC	28-Mar-13	106.9	107.4	105.95	106.1
ZINC MINI	28-Mar-13	106.9	107.4	105.95	106.1
NICKEL	28-Mar-13	922.6	933.7	920	932.3
NICKEL MINI	28-Mar-13	923	933.5	920.3	932.1
ALUMINIUM	28-Mar-13	105.75	106.45	105.45	105.55
ALUMINI	28-Mar-13	105.7	106.45	105.4	105.55