Free Commodity tips 7 May 2014

Free Commodity tips 7 May 2014

Free Commodity tips 7 May 2014

MCX Bullion Intraday tips

MCX GOLD June expiry future last closed at 28,895 with loss. In intraday mcx gold future’s high was at 29,969 while low was at 28,834. Total 100-rupee intraday range and closed with loss. Traders with stop loss below 28,800 keep long view for targets 29,200 to 29,500 in intraday.

MCX SILVER Jul expiry future last closed at 42,580 with loss. In intraday mcx silver future’s high was at 42,818 while low was at 42,419. Total almost 400-rupee intraday range and closed with loss. Traders above 41,800 keep buy on dips view for targets 43k and then 44k.

 

MCX metal Intraday tips

MCX ALUMINIUM May expiry future last closed at 105.55 with loss. In intraday mcx aluminium, future hit high at 106.85 while low was at 105.5. Total 1.5-rupee intraday range and closed with loss. Stay short for target 105-104 with strict stop loss in place.

MCX COPPER Jun expiry future last closed at 408.8 with loss. In intraday mcx, copper future made high at 411 while low was at 408. Total 3-rupee intraday range and closed with loss. Above 400 rupee, keep buy on dips view.

MCX LEAD May expiry future last closed at 126.05 with gain. In intraday mcx lead future’s high was at 127 while low was at 126. Total 1-rupee intraday range and closed flat. Expect downside up to 123-122.

MCX NICKEL May expiry future last closed at 1115 with gain. In intraday mcx nickel future’s high was at 1122 while low was at 1100. Total 22-rupee intraday range and closed with gain. Below 1140, keep sell on rise view.

MCX ZINC May expiry future last closed at 123.35 with loss. In intraday mcx zinc, future hit high at 124.6 while low was at 122.6. Total 2-rupee intraday range and closed with loss. Below 125.5, keep sell on rise view.

 

MCX Energy Intraday tips

MCX CRUDEOIL May expiry future last closed at 5996 with gain. In intraday mcx crude oil, future hit high at 6035 while low was at 5977. Total almost 60 rupee intraday and closed with gain. Traders now stay long with stop loss below 5940.

MCX NATURALGAS May expiry future last closed at 288.3 with gain. In intraday mcx natural gas, future made high at 289 while low was at 283. Total 6-rupee intraday range and closed with gain. Traders here expect 292-295 level tomorrow.

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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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