commodity forecasts for 23-05-2013
free mcx gold silver tips
mcx gold june expiry future last closed at 25972 with loss.in intraday mcx gold future made high at 26677 while low was near 25900.total 700+ points intraday movement and weaker gold trend.for intraday below 26200 remain sell on rise trading strategy and expect 25800 to 25500 as downside target for gold future.
mcx silver jul expiry future last closed at 433301 with gains.in intraday mcx silver future made high at 44600 while low was 43021.total 1600 points intraday volatility and recovery from bottom.here 43200 is intraday support above this hold long view below that short side rally is expected.
free mcx aluminium-copper-lead-nickel-zinc tips
mcx aluminium may expiry future last closed at 103.5 with almost 2% gains.in intraday mcx aluminium future made high a 103.5 while low was 101.75.total almost 2 rupee move and sharp short covering in base metals.here support is deep at 102 so above that hold buy on dips view on upside 104 and then 105.5 are revised targets.
mcx copper june expiry future last closed at 417 with almost 2% gains.in intraday mcx copper future made high above 420 while low was near 410.total 10+ rupee move and SHARP BUYING+SHORT COVERING RALLY.FOR TODAY ABOVE 413 REMAIN BULLISH AND ON UPSIDE 420-424 AS NEXT INTRADAY TARGETS.
MCX LEAD MAY EXPIRY FUTURE LAST CLOSED AT 114.4 WITH GAINS.IN INTRADAY MCX LEAD FUTURE MADE LOW AT 112.65 WHILE HIGH WAS 114.6.TOTAL 2 RUPEE MOVEMENT AND STRONGER LEAD FUTURE.HERE ABOVE 113 HOLD LONG VIEW AND EXPECT 115 AND THEN 117.5 AS UPSIDE TARGET ZONES.
MCX NICKEL MAY EXPIRY FUTURE LAST CLOSED AT 845 WITH GAINS OF 15 RUPEES.IN INTRADAY MCX NICKEL FUTURE MADE HIGH AT 848 WHILE LOW WAS NEAR 832.TOTAL 16 RUPEE INTRADAY MOVEMENT AND SHARPLY RECOVERING NICKEL.HRE FOR INTRADAY SUPPORT IS 835 AND STARTEGY WILL REMAIN BUY ON DEEPER CORRECTION.
MCX ZINC MAY EXPIRY FUTURE LAST CLOSED AT 103.25 WITH GAINS OF 2.1 RUPEES.IN INTRADAY MCX ZINC FUTURE MADE HIGH AT 103.4 WHILE LOW WAS 101.35.TOTAL 2+ RUPEE MOVE AND TRENDING STRONGER.FOR INTRADAY SUPPORT IS AT 102 AND STARTEGY WILL BE SAME BUY ON DIPS ON UPSIDE 1034-105.5 AS NEXT REVISED TARGETS.
free mcx crude oil-natural gas tips
MCX CRUDE OIL JUNE EXPIRY FUTURE LAST CLOSED AT 5294 WITH LOSS OF 53 RUPEES.IN INTRADAY MCX CRUDE OIL FUTURE HIT HIGH AT 5357 WHILE LOW WAS 5266.TOTAL ALMOST 100 RUPEES INTRADAY VOLATILITY AND SHARP CORRECTION HERE.HERE ON UPSIDE 5320 REMAIN STRONG RESISATNCE AND BELOW THAT HOLD BEARISH VIEW.
MCX NATURALGAS MAY EXPIRY FUTURE LAST CLOSED AT 233.7 WITH GAINS OF 1 RUPEE.IN INTRADAY MCX NG FUTURE MADE LOW AT 230.8 WHILE HIGH WAS 235.4.TOTA 4+ RUPEE MOVE AND STRONG RECOVERING NG FUTURE.HERE ABOVE 230 HOLD LONG VIEW FOR TARGET 238 TO 242 ON UPSIDE IN INTRADAY SESSION.