Commodity forecast 11 April 2014

Commodity forecast 11 April 2014

Commodity forecast 11 April 2014

MCX GOLD April expiry future last closed at 28,792 with gain. In intraday mcx gold future’s high was at 28,814 while low was at 28,450. Total 400-rupee intraday range and closed with gain. Above 28,500 keep buy on dips view.

MCX SILVER May expiry future last closed at 43,497 with gain. In intraday mcx silver future’s high was at 43,840 while low was at 42,817. Total almost 1000-rupee intraday range and closed with gain. Above 43k follow buy on dips strategy for silver.

 

MCX ALUMINIUM April expiry future last closed at 112.75 with gain. In intraday mcx aluminium, future hit high at 113 while low was at 111. Total 2-rupee intraday range and closed with gain. Aluminium above 113 can touch 115.

MCX COPPER April expiry future last closed at 406.5 with gain. In intraday mcx, copper future made high at 407 while low was at 403. Total 4-rupee intraday range and closed with gain. 410 will be strong resistance on closing basis.

MCX LEAD April expiry future last closed at 127.8 with gain. In intraday mcx lead future’s high was at 127.9 while low was at 125.6. Total 2.5-rupee intraday range and closed gain. Above 128, expect short covering rally up to 133.

MCX NICKEL April expiry future last closed at 1035 with gain. In intraday mcx nickel future’s high was at 1038 while low was at 1010. Total 28-rupee intraday range and closed with gain. Above 1040, next target zone will be 1080.

MCX ZINC April expiry future last closed at 123.45 with gain. In intraday mcx zinc, future hit high at 123.5 while low was at 121.7. Total 2-rupee intraday range and closed with gain. Zinc future above 121 will remains buy on dips.

 

MCX CRUDEOIL April expiry future last closed at 6251 with gain. In intraday mcx crude oil, future hit high at 6257 while low was at 6210. Total almost 41 rupee intraday and closed with gain. Watch 6300 as strong supply point on chart.

MCX NATURALGAS April expiry future last closed at 283.2 with gain. In intraday mcx natural gas, future made high at 284 while low was at 272. Total 12-rupee intraday range and closed with gain. Watch 285 as next breakout point for Nat gas future.

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Updated: 10/04/2014 — 11:55 PM

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Pramod Baviskar

Professional Market Trader And Owner Of Dalal Street Winners Advisory And Coaching Services. Working Since 2007 And Online Presence Since 2010. We Provide Highly Accurate And Professional 1 Entry And 1 Exit Future, Option, Commodity, Currency And Intraday Stock Tips On Whatsapp With Live Support And Follow Up.

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