Contact Us | Log In
Sensex: 34142.1 +322.60 Gold: Rs.30514.00
Nifty: 10491 +108.30 Silver: Rs.38380.00
MCX Lead Dec: Buy around 159 -
MCX Lead Dec: Buy around 159
Way2wealth | Published: 01 Dec, 2017  | Source :

MCX LEAD DECEMBER: As expected Lead prices inched higher in the last session and ended at 160.15 gaining around 3 percent. On the higher side the immediate resistance is at 161 mark surpass above that will extend towards the trend line resistance of 165 levels. Therefore, we recommend buying around 159 levels for targets of 161 then 164 levels. Action: Buy

MCX NICKEL DECEMBER: Nickel prices exactly retreaded the resistance of 61.8% retracement mark and declined from the same and ended almost near the day’s low. Ahead, the commodity is likely extending its fall the next supports of 700 levels. So recommend selling around 725 levels for targets of 700 then 680 for the day. Action: Sell

In line with expectation RM seed prices inched higher during yesterday’s session and ended at 4104. The prices have surpassed the immediate swing high and now the trend looks firm on the chart and is likely to head till the 4200 then 4280 levels. Thus, we recommend buying around 4100 levels with stop loss at 4050 levels. Action: Buy

Cocud prices slowly moved up from the supports and ended almost near the day’s high at 1607. According to the Ascending triangle pattern the trend is likely to remain firm and extend till 1657 then 1690 levels in short term. Thus, we recommend buying around 1600 levels for given targets. Action: Buy

  Read full report Click here to read the full report

About Way2wealth

Way2Wealth today has established itself as one of India’s ‘Premier Investments Consultancy Firms’, known for making investing simpler, more understandable and profitable for the investors. They offer a wide range of products & services viz: Equity, Derivatives, Currency Futures, Commodities Trading, IPO's, Mutual Funds, Portfolio Management Services & Depository Services.


For more information please write in to

Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor accept any liability whatsoever arising from the use of any of the above contents.