Tuesday, 19 August 2014

Today's Industrial Metals Market Exchange

Lead August prices have stiff resistance at 135.5 and prices can remain sideways to weak till it trades below this level. Prices on lower side have support at 132.5 and bounce can be seen there. On higher side if prices clear 135.5 then further upside till 136.5 can be seen.

Nickel August prices are expected to have support at Rs.1120-1125 and buying can be seen there. Prices on higher side can give fresh breakout above Rs.1140 and can test Rs.1155. Prices should not fall below Rs.1110 to hold positive view for the day.

Aluminium August prices are expected to have intraday resistance at 123.0- 123.30 level and selling can be seen there. Prices on lower side can slide to 121.0. Prices should not move above 124.0 to maintain negative outlook.

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