Commodity forecast for tomorrow 29 May 2014

Commodity forecast for tomorrow 29 May 2014

Commodity forecast for tomorrow 29 May 2014

MCX Bullion Intraday tips

MCX GOLD June expiry future last closed at 26,820 with loss. In intraday mcx gold future’s high was at 26,970 while low was at 26,735. Total 200-rupee intraday range and closed with loss. Traders here with medium term view keep buy and accumulate view.

MCX SILVER Jul expiry future last closed at 40,214 with loss. In intraday mcx silver future’s high was at 40,590 while low was at 40,000. Total almost 600-rupee intraday range and closed with loss. Traders buy and accumulate silver future near 40k for big short covering rally.

 

MCX metal Intraday tips

MCX ALUMINIUM May expiry future last closed at 106.55 with gain. In intraday mcx aluminium, future hit high at 106.65 while low was at 105.5. Total 1-rupee intraday range and closed with gain. For now, follow buy on dips view for bounce back up to 108.

MCX COPPER Jun expiry future last closed at 415 with loss. In intraday mcx, copper future made high at 417 while low was at 414. Total 3-rupee intraday range and closed with loss. Above 410 rupee, keep buy on dips view.

MCX LEAD May expiry future last closed at 124.45 with loss. In intraday mcx lead future’s high was at 125.7 while low was at 123.8. Total 2-rupee intraday range and closed loss. Above 123, follow buy on dips view.

MCX NICKEL May expiry future last closed at 1134 with loss. In intraday mcx nickel future’s high was at 1170 while low was at 1131. Total 40-rupee intraday range and closed with loss. For intraday below 1140 rupees level keep short view on nickel future.

MCX ZINC May expiry future last closed at 122.35 with loss. In intraday mcx zinc, future hit high at 123.8 while low was at 122. Total 1.8-rupee intraday range and closed with loss. Above 121, follow buy and accumulate view for short terms.

 

MCX Energy Intraday tips

MCX CRUDEOIL June expiry future last closed at 6108 with loss. In intraday mcx crude oil, future hit high at 6180 while low was at 6101. Total almost 80-rupee intraday range and closed with loss. Traders with stop loss 6050 keep buy on dips view for intraday.

MCX NATURALGAS June expiry future last closed at 272.3 with gain. In intraday mcx natural gas, future made high at 273 while low was at 265. Total 8-rupee intraday range and closed with gain. Traders for intraday keep long view with strict stop loss for target 278.

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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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