Commodity report 17 June 2014

Commodity report 17 June 2014

Commodity report 17 June 2014

MCX Bullion Intraday tips

MCX GOLD Aug expiry future last closed at 26,827 with gain. In intraday mcx gold future’s high was at 27,035 while low was at 26,650. Total 400-rupee intraday range and closed with gain. Traders now trail stop loss at 26,500.

MCX SILVER Jul expiry future last closed at 42,187 with gain. In intraday mcx silver future’s high was at 42,497 while low was at 41,999. Total almost 600-rupee intraday range and closed with gain. Long-term investors use 38k to 40k zones for accumulation.

 

MCX metal Intraday tips

MCX ALUMINIUM Jun expiry future last closed at 109.65 with gain. In intraday mcx aluminium, future hit high at 109.8 while low was at 109. Total 1-rupee intraday range and closed with gain. Aluminium future is heading for target 110.5 and above.

MCX COPPER Jun expiry future last closed at 406 with gain. In intraday mcx, copper future made high at 407 while low was at 402. Total 5-rupee intraday range and closed with gain. Above 400 rupee, keep buy on dips view.

MCX LEAD Jun expiry future last closed at 125.6 with gain. In intraday mcx lead future’s high was at 125.7 while low was at 124.3. Total 1.5 -rupee intraday range and closed with gain. Above 125, expect another fresh breakout for target 127.

MCX NICKEL Jun expiry future last closed at 1124 with gain. In intraday mcx nickel future’s high was at 1124 while low was at 1080. Total 44-rupee intraday range and closed with gain. Investors now trail stop loss at 1080.

MCX ZINC Jun expiry future last closed at 126.25 with gain. In intraday mcx zinc, future hit high at 126.3 while low was at 124.3. Total 2-rupee intraday range and closed with gain. Above 125, follow buy and accumulate view for short terms.

 

MCX Energy Intraday tips

MCX CRUDEOIL June expiry future last closed at 6418 with gain. In intraday mcx crude oil, future hit high at 6473 while low was at 6412. Total almost 60-rupee intraday range and closed with gain. Traders with stop loss 6350 keep buy on dips view for intraday.

MCX NATURALGAS June expiry future last closed at 283.5 with loss. In intraday mcx natural gas, future made high at 289 while low was at 281. Total 8-rupee intraday range and closed with loss. Ng prices may retrace up to 278-275 levels.

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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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