Stock Market Review & Report 24 May 2012

Precious Metals

Gold opened the session on a negative note and rallied to an intraday high of  Rs29084  levels but not sustained at higher levels and corrected to an intraday low of Rs28831 levels finally closed the session at Rs28969 levels. Rs28800 is strong support levels for gold in the near term. Sustenance above the same will see the gold price heading towards Rs29200–Rs29300 levels.

Silver traded the session on a negative note to close the session at Rs53818 levels.Rs53500 is good support for silver in the near term. Sustenance above the same will see the silver price heading towards Rs54500 – Rs55000 levels.

 Base Metals & Energy

Nickel opened the session on a flat note and rallied to an intraday high of Rs948.6 levels but not sustained at higher levels and finally closed the session at Rs942.8 levels. Rs948– Rs950 is stiff resistance for nickel in the near term. A close above the same will see the nickel price heading towards Rs962 – Rs 965 levels.

Copper traded the session on a negative note to close the session at Rs426.3 levels. Near term support for the copper is placed at Rs424 - Rs425 levels. Sustenance above the Rs 424 levels will see the copper price heading towards Rs 432 – Rs 435 levels.

Crude oil opened the session with a negative gap and rallied to an intraday high of Rs 5154levels but not sustained at higher levels and corrected to an intraday low of Rs 5066 levels and finally closed the session at Rs 5087 levels. upside rally in the crude oil is only possible if it close above its short term moving average placed at Rs 5120 levels on the daily chart.

MCX ALUMINIUM MAY Rs111.25

We recommend traders to buy above 111.60 levels with a stop loss placed below Rs110.85 levels for upside targets of Rs113/ Rs113.5 levels.

Stock Market Dealing - A Successful Approach

Important aspects to successful in the Stock  market
Successful currency marketplaces dealing is according to several key aspects. All dealing is according to prospects. You want to put the advantage as much as possible, before getting a place in the marketplace. This is obtained by applying a effective software system. A strategy should include techniques, methods, techniques, and concepts. An excellent example of a effective method is the one used Bill J. O'Neil. He is the creator of Investors Business Everyday, and one of the most effective currency marketplaces

providers of all-time.
A significant key to effective currency marketplaces dealing is control. You simply must cut your failures brief. A good plan is to always offer a inventory if it comes 10% below the cost. If you buy a inventory at $30.00 per discuss, and it comes to $27.00, you offer it no matter what. This will keep you from getting a huge loss, which will harm not only your currency marketplaces account, but your emotional ability to business effectively.

Analysis makes a big difference
Proper research is crucial in several different time-frames. This contains the common industry route on the daily data. Is it currently in an up-trend, down-trend, or generally moving sideways? Appropriate cost and amount research will give you the response. You do not want to be buying shares during a currency marketplaces modification. This is because about 75% of all shares follow the common industry. It does not appear sensible to combat the pattern. That is like trying to go swimming against the current of a stream.

Take a sensible and more professional strategy to trading
The strategy you take to currency marketplaces dealing can create a big effect on your overall outcomes. Evaluate shares carefully. Look for styles, and get out of a place when the pattern seems to be avoiding. Do not delay around and think twice when the industry begins to go against you. Positioning on to a loss is one of the greatest faults a investor can create. An even larger error is including to a dropping place. This is a occur. You should only add to a inventory or futures trading place after the industry has gone in your benefit, and you are up cash on the place.

Volume is a significant clue
Volume should be a significant concern in your currency marketplaces dealing process. You want to create sure a inventory has enough following for a significant cost progression. An excellent test is the industry itself. If amount goes up considerably, then big gamers such as common resources or protect resources know something, and are getting engaged. If the cost goes up as well, this is a buy indication. If the cost comes, you have a offer indication.

Your currency marketplaces dealing outcomes can be awesome. Apply a sensible, analytic strategy, along with reducing your failures brief, and allowing your income run. This is a formula for success. Always keep learning, and you might create a lot of money dealing the various marketplaces.

Did you know that over 90% of traders in the currency marketplaces, and merchandise industry lose? Become a victorious one, and learn the tricks of the best traders and investors by pressing here:

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