commodity market tips 23 May 2014

commodity market tips 23 May 2014

commodity market tips 23 May 2014

MCX Bullion Intraday tips

MCX GOLD June expiry future last closed at 27,241 with loss. In intraday mcx gold future’s high was at 27,520 while low was at 27,100. Total 400-rupee intraday range and closed with loss. Traders with stop loss below 27,500 keep bearish view here and expect sub 27k levels ahead.

MCX SILVER Jul expiry future last closed at 41,008 with gain. In intraday mcx silver future’s high was at 41,454 while low was at 40,833. Total almost 600-rupee intraday range and closed with gain. Traders buy and accumulate silver future near 40k for short covering rally.

 

 

MCX metal Intraday tips

MCX ALUMINIUM May expiry future last closed at 102.8 with gain. In intraday mcx aluminium, future hit high at 103.15 while low was at 101.7. Total 1.5-rupee intraday range and closed with gain. For now, follow buy on dips view for bounce back up to 104-105.

MCX COPPER Jun expiry future last closed at 407.45 with loss. In intraday mcx, copper future made high at 410 while low was at 405. Total 5-rupee intraday range and closed with loss. Above 400 rupee, keep buy on dips view.

MCX LEAD May expiry future last closed at 123.35 with loss. In intraday mcx lead future’s high was at 124 while low was at 122.8. Total 1-rupee intraday range and closed loss. Above 123, follow buy on dips view.

MCX NICKEL May expiry future last closed at 1149 with gain. In intraday mcx nickel future’s high was at 1160 while low was at 1130. Total 30-rupee intraday range and closed with gain. For intraday, above 1140 levels keep long view for nickel future with target 1180.

MCX ZINC May expiry future last closed at 121.05 with loss. In intraday mcx zinc, future hit high at 121.9 while low was at 120.55. Total 1.5-rupee intraday range and closed with loss. Above 119, follow buy and accumulate view for short terms.

 

 

MCX Energy Intraday tips

MCX CRUDEOIL June expiry future last closed at 6083 with loss. In intraday mcx crude oil, future hit high at 6130 while low was at 6075. Total almost 55-rupee intraday range and closed with loss. Traders with stop loss 6080 keep buy on dips view for intraday.

MCX NATURALGAS May expiry future last closed at 255.2 with loss. In intraday mcx natural gas, future made high at 263.5 while low was at 254. Total 10-rupee intraday range and closed with loss. Traders with watch 248-rupee support zone and above it expect major short covering ahead.

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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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