- MCX Copper daily chart shows price below the rising support line
- 2nd chart shows a possible head and shoulders pattern. Price nearing the neck line of the pattern. This area between 432 and 435 may act as strong support level.
- Further breakdown only if bears of copper manage to break below the zone between 432 - 435.
Markets Quantified
ReplyDeleteNIFTY 20-Feb-2013
Current Market Situation :
NIFTY current close : 5943
NIFTY resistance level : 6158
NIFTY support level : 5912
NIFTY sentiment : positive
NIFTY dominant cycle period : 14 days
Levels Tomorrow :
NIFTY intraday resistance 1 : 5968
NIFTY intraday resistance 2 : 5997
NIFTY intraday resistance 3 : 6038
NIFTY intraday support 1 : 5918
NIFTY intraday support 2 : 5890
NIFTY intraday support 3 : 5848
Markets Quantified