commodity forecast for 29 aug 2013

commodity forecast for 29 aug 2013

 

bullion commodity forecast

mcx gold oct expiry future last closed at 33621 with loss of 94 rupees.in intraday mcx gold future made high near 35000 while low as near 33100.almost 2000 rupee intraday rally and closed with loss on late hour profit booking.here expect high volatility and uptrend to continue.above 33k expect 34k-35k as target in intraday.

mcx silver sep expiry future last closed at 56140 with loss of 1150 rupees.in intraday mcx silver future made high near 60k while low was near 55400.total almost 4600 rupee intraday range and closed with loss on last hour profit booking.here above 54k hold long view for target 57k-58k and then 60k on upside.

metal commodity forecast

mcx aluminium aug expiry future last closed at 121.45 with loss of 2 rupee.in intraday mcx aluminium future made high near 130 while low was near 120.total 10 rupee intraday range and closed with loss on heavy profit booking.here above 118 hold long view for target 124-130 on upside.

mcx copper aug expiry future last closed at 486.8 with loss of 8 rupees.in intraday mcx copper future made high near 512 while low was near481.total 31 rupee intraday range and closed with loss on profit booking.here above 475 hold long view for target 485-500 on upside.

mcx lead aug expiry future last closed at 147.7 with loss of 2 rupee.in intraday mcx lead future made high near 146 while high was near 155.total 9 rupee intraday range and closed with loss on sharp profit booking.here above 140 hold long view for target 146-150 on upside.

mcx nickel aug expiry future last closed at 947 with 20 rupee loss.in intraday mcx nickel future made high near 1004 while low was near 928.total 76 rupee intraday range and closed with loss on sharp profit booking.here above 910 hold long view for target 950-980 on upside.

mcx zinc aug expiry future last closed at 129 with loss of 2.1 rupees.in intraday mcx zinc future made high near 137 while low was near 126.total 11 rupee intraday range and closed with loss on profit booking.here above 124 hold buy on dips view for target 130-135.

energy commodity forecast

mcx crude oil sep expiry future last closed at 7390 with gains of 35 rupees.in intraday mcx crude oil future made high near 7800 while low was near 7300.total 500 rupee intraday range and closed with gains.here above 7200 hold long view for target 7400-7600 on upside.

mcx natural gas sep expiry future last closed at 239.7 with loss of 20 paise.in intraday mcx natural gas future made high near 254 while low was near 225.total 29 rupee intraday range and closed in red.here above 236 hold long for target 246-250 on upside.

The Author

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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