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• Jeera trading strategy for second week of May
• Chilli and Cardamom uptrend will continue: Karvy
• MCX Copper gains, resistance at Rs.425.20/427.70:Angel
• MCX Crude oil rises, resistance at Rs.5465/5486:Angel

We expect base metals to trade higher today on account of positive economic data from China coupled with upbeat market sentiments due to easing worries over Europe’s debt tensions.

Additionally, a weaker dollar will also provide further support.

MCX Copper Nov’11 Rs /kg support:383.55/380.25 resistance:391.0/395.10
MCX Zinc Nov’11 Rs /kg support:97.55/96.80 resistance:98.90/99.70
MCX Lead Nov’11 Rs /kg support:100.05/99.40 resistance:101.10/101.70
MCX Aluminum Nov’11 Rs /kg support:105.40/104.70 resistance:106.50/107.20
MCX Nickel Nov’11 Rs /kg support:913.0/905.0 resistance:929.0/939.0

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