update on equity and commodities...

as nifty is trading below the support tline(rsi and price in prev post) it gave a shorting opportunity in intraday below 4530-40. but did well by closing above 4510. for short term positional longs the sl/exit is below 4480 spot cl basis. below which if continues to trade weak, it can come down to 4397/4300 where it may reverse, as seen from the chart. close below 4380 it becomes bearish.

mcx(short term view only):
gold: short term weak, profit booking and exit lvl as mentioned earlier.
crude: moved upto 3325, exit on some pullback as closed below sl 3110 yday.
copper: currently profit booking is happening, can exit longs if continues closing below 265 lvl.