Lead news

Metals: Base metal futures on MCX were trading lower due to concerns over demand from China, as the country reported a lower-than-expected rise in manufacturing Purchasing Managers' Index. The data showed that China's March PMI rose to 50.9 from 50.1 in February, while market had expected it around 52. Absence of cues from the London Metal Exchange today also kept sentiment weak in domestic market.

 
MCX Lead April contract is looking negative for the day. Market may find support near 113.80, 112.70, intraday resistance can be seen near 115.30 & 116.20 Day traders are advised to sell intraday on rise. (Sell around 115.30 with SL 116.20 for the target of 113.80 & 112.716

MCX Nickel April contract is looking negative for the day. Market may find support near 904, 895, intraday resistance can be seen near 916 & 924. Day traders are advised to sell intraday on rise. (Sell around 916 with SL 924 for the target of 904 & 895.)

MCX Aluminium April contract is looking negative for the day. Market may find support near 103.10, 102.00 intraday resistance can be seen near 104.20 & 105.10 Day traders are advised to sell intraday on rise. (Sell around 104.20 with SL 105.10 for the target of 103.10 & 102.00)