Embed Size (px)
Citation preview
Daily Base Metals ObserverSeptember 29th , 2015
COPPER
Copper Nov. decline 1.12% on Monday and settled at 334
levels. Prices fall with higher volume and open interest.
Prices traded below both 21&7 days SMA. Major technical
indicator RSI and MACD are at 36 and -3.47 levels
respectively. Technically it looks in downside movement
for the next session.
Sell below 334 sl 334.80 tgt 332.50/331
ALUMINIUM
Aluminium Sep. fall by 1.25% in previous session and
settled at 101.95 levels. Prices fall with higher volume
and lower open interest. Prices settled below both 21&7
days SMA. Major technical indicator RSI and MACD are
at 35 and -0.62 levels respectively. Technically it looks in
downside movement for the next session.
Sell below 101.95 sl 102.35 tgt 101.20/100.70
www.rmoneyindia.com
www.rmoneyindia.com
LEAD
Lead Sep. settled higher after making low of 107.65 level
it gained by mere 0.04% and settled at 109.80. Prices
gained with higher volume and lower open interest. Prices
settled below both 21&7 days SMA. Major Technical
Indicator RSI and MACD are at 43 and -0.75 levels
respectively. Technically it looks in downside movement
for the next session.
Sell below 109.80 sl 110.90 tgt 109.25/108.20
NICKEL
Nickel Sep. decline 1.38% in previous session and
settled at 648.10 levels. Prices fall with higher
volume and lower open interest. Prices settled
below both 21&7 days SMA. Major Technical
indicator RSI and MACD are at 44 and -8.85 levels
respectively. Technically it looks in downside
movement for the next session.
Sell below 648.10 sl 652 tgt 642/636
Daily Base Metals Observer
Raghunandan Money
Daily Base Metals Observer
ZINC
Zinc Sep. gained by 0.56% on Monday and settled at
107.70 levels. Prices increased with higher volume and
lower open interest. Prices are trading below both 21&7
days SMA. Major technical Indicator RSI and MACD are at
34 and -4.06 levels respectively. Technically it looks in
downside movement for the next session.
Sell below 107.10 sl 108 tgt 106.40/105.50
www.rmoneyindia.com
To get this product contact the Raghunandan money click here to find it
Disclaimer: The information and opinions contained in the document have been compiled from sources believed to be reliable. The company does not warrant its accuracy, completeness and correctness. This analysis is based on historical price movements & there is risk of loss in trading. This document is not, and should not be construed as an offer to sell or solicitation to buy any commodities or securities. Always trade with strict stop loss. This document may not be reproduced, distributed or published, in whole or in part, by any recipient hereof for any purpose without prior permission from "Raghunandan Money". Disclaimer Link: http://rmoneyindia.com/Disclaimer.aspxYour feedback is appreciated on [email protected],
For research related queries contact:
Email: [email protected]
Phone - 0562-4039273; 08445897170
Corporate Office
26/257 B, Near Ashish Palace, Sultan Ganj, Agra -
282004
Tel: 91+562+4266600 Fax: 91+562+2526550
Email: [email protected]
Raghunandan Capital (P) Ltd : Member-NSE; BSE; MCX-SX; USEIL; Depository participant (CDSL) :NSE:TMID-13176 SEBI Regn. No: NSE (CASH):INB231317638; NSE (F&O) INF231317638;NSE (CURRENCY):INE231317638 BSE:TMID-6112 SEBI Regn. No.: BSE (CASH): INB011317634;BSE (F&O) INF011317634 | MCX-SX (Cash) INB261317631, MCX-SX (F&O)INF261317631, MCX-SX:TMID-52400 SEBI Regn No.: INE261317638 USEIL : TMID- 13176 SEBI Regn No.: INE271317633 | CDSL Depository participant : DPID : 12069700 SEBI regn. number : IN-DP-CDSL-607-2011 Raghunandan Industries (P) Ltd : Member-MCX; NCDEX ; NMCE; ACE; NCDEX Spot: MCX:TMID-16825 FMC Code No.:MCX/TCM/CORP/0050 NCDEX:TMID-00189 FMC Code No.:NCDEX/TCM/CORP/0295 | NMCE:TMID-CL0267 FMC Code No.:NMCE/TCM/CORP/0185 | ACE:TMID-6176 FMC Code No.:ACEL/TCM/CORP/0378 | NCDEX Spot: TMID-10043 Raghunandan Insurance Brokers (P) Ltd.:Direct Broker-IRDA : Direct broker code : IRDA:DB/352
