Commodity future tips 9 May 2014

MCX Intraday tips Commodity future tips 9 May 20146 May 2014

Commodity future tips 9 May 2014

MCX Bullion Intraday tips

MCX GOLD June expiry future last closed at 28,535 with gain. In intraday mcx gold future’s high was at 28,624 while low was at 28,452. Total 200-rupee intraday range and closed with gain. Traders with stop loss below 28,300 keep long view for targets 29,000 for intraday.

MCX SILVER Jul expiry future last closed at 41,607 with loss. In intraday mcx silver future’s high was at 42,098 while low was at 41,537. Total almost 600-rupee intraday range and closed with loss. Traders expect reversal so keep long with strict stop loss below 41k.

 

MCX metal Intraday tips

MCX ALUMINIUM May expiry future last closed at 104.5 with loss. In intraday mcx aluminium, future hit high at 105.15 while low was at 103.85. Total 1-rupee intraday range and closed with gain. Now expect reversal up to 106-107 levels.

MCX COPPER Jun expiry future last closed at 409.4 with gain. In intraday mcx, copper future made high at 410 while low was at 405. Total 5-rupee intraday range and closed with gain. Above 400 rupee, keep buy on dips view.

MCX LEAD May expiry future last closed at 125.45 with gain. In intraday mcx lead future’s high was at 125.65 while low was at 124. Total 1.5-rupee intraday range and closed gain. Expect short covering rally up to 127.

MCX NICKEL May expiry future last closed at 1167 with gain. In intraday mcx nickel future’s high was at 1188 while low was at 1125. Total 65-rupee intraday range and closed with huge gains. Now 1140 is floor support and targets are 1180-1240.

MCX ZINC May expiry future last closed at 122.4 with gain. In intraday mcx zinc, future hit high at 123 while low was at 121. Total 2-rupee intraday range and closed with gain. Stay long with strict stop loss below 121.

 

 

MCX Energy Intraday tips

MCX CRUDEOIL May expiry future last closed at 6009 with loss. In intraday mcx crude oil, future hit high at 6060 while low was at 5992. Total almost 70 rupee intraday and closed with loss. Traders below 6080 keep bearish view for deep downside.

MCX NATURALGAS May expiry future last closed at 275.6 with loss. In intraday mcx natural gas, future made high at 285.7 while low was at 274. Total 12-rupee intraday range and closed with loss. Expect technical bounce back up to 282-283 on downside 270-273 is major supply area.

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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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