commodity strategy for 25 nov 2014

commodity strategy for 25 nov 2014

MCX Bullion view

MCX GOLD Dec. expiry future last closed at 26480 with gain. In intraday mcx gold future’s high was at 26540 while low was at 25400. Total 150-rupee intraday range and closed with gain. For intraday watch 26200 as strong support.

MCX SILVER Dec. expiry future last closed at 36233 with gain. In intraday mcx silver future’s high was at 36366 while low was at 36000. Total almost 366-rupee intraday range and closed with gain. 35800 will be strong support zone for short terms.

MCX metal view

MCX ALUMINIUM Nov. expiry future last closed at 127.7 with gain. In intraday aluminium prices hit high around 128 while low was near 126. Almost 2-rupee intraday range was seen and closed with gains on continued buying interest. Here now follow sell on rise strategy and expect correction ahead.

MCX COPPER Nov. expiry future last closed at 410.6 with loss. In intraday copper prices hit high near 415 while low was near 409. Total 6 rupees intraday range and closed in red in china concerns. Here expect downside up to 406 to 404.

MCX LEAD Nov. expiry future last closed at 127 with gain. In intraday lead prices hit high around 128 while low was near 126. Total 2-rupee range and closed with gain. Here 125 are strong support as well as stop loss for short-term traders.

MCX NICKEL Nov. expiry future last closed at 1022 with gain. In intraday mcx, nickel prices hit high near 1033 while low was around 1014. Total 19-rupee intraday range and closed with gain. Watch 1020-breakout level as support for intraday.

MCX ZINC Nov. expiry future last closed at 141.2 with gain. In intraday mcx zinc, future hit high at 142.65 while low was at 140.8. Total 2.5-rupee intraday range and closed with gain. Correction is due here so expect pressure on prices on every upside.

MCX Energy view

MCX CRUDEOIL Dec. expiry future last closed at 4759 with gain. In intraday mcx crude oil, future hit high at 4787 while low was at 4718. Total almost 60-rupee intraday range and closed with gain. For intraday stay long with stop loss below 4680.

MCX NATURALGAS Dec. expiry future last closed at 266.8 with loss. In intraday mcx natural gas, future price made high around 275 while low was around 260. Total 15-rupee intraday range and closed with loss. Keep sell on rise view here for deeper correction ahead.

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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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