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CNX METAL INDEX chart techncial analysis index tips - Index will be facing strong support around 3104, Weakness expecting once closes below. (Updated On 12th August 2014, Tuesday).


CNX METAL INDEX




  • CNX METAL INDEX is facing strong 38.2% fibonacci retracement support at current levels, close watch chart indicates weakness expecting once index closes and stays below 3104, as long as index holds above it will favor bulls.
  • Graph no 2 indicates that Metal Index moving below 50 days moving average, as long as it trades below it will favor bears. Technical also indicates that Index is moving in a down channel pattern , if index falls from current levels then will find trend line support around 3000. Close Watch.
  • Metal Index major trend indicator MACD is also moving in negative zone and as now gone below level 0 this indicates weak trend for Metal Index, and if index breaks its down channel support of 3000 then it will fall further, then Index will find support around 2950 its major trend line support as shown in graph no 3.
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What is Intraday Tips ?

Q. What is Intraday Tips / Inraday Trading / Delivery trading.

A. There are basically two types of trading on stock market--
1- Delivery
2- Intraday

Delivery trading is one in which shares are bought and can only be sold after they are delivered by the broker.that means that they cannot be sold the same day , and delivery takes two to three days after they are bought and then they are ready to be sold.

Intraday trading which takes place for that very particular day and there is no delivery..they can be bought and sold the same day...and are automatically sold at the end of the trading session if you have not sold it by yourself during the trading session. The person who suggest such types of forecast is called

Intraday Tips

.