free mcx levels for 16-12-2014
Mcx gold future last closed at 27310 with gain. In intraday gold hit high at 27500 while low was at 27036. Total 450-rupee intraday range and closed with gain. Here 26250 is strong support and 26,800 is strong resistance. Expect rally to continue on weak rupee.
Mcx silver future last closed at 38343 with loss of 365 rupees. In intraday mcx, silver future made high at 38889 while low was at 38198. Total 650-rupee intraday range and closed with loss. Here 38 will be strong intraday support.
Mcx aluminium future is last closed at 121.65 with gain. In intraday aluminium future hit high around 122.15 while low was below 120.75. Traders can buy near support zone 120-120.5.
Mcx copper future last closed at 409.95 with loss. In intraday copper future made high at 415 while low was at 409. Total 6-rupee range and closed with loss. For the day 414 is strong resistance and expect some supply from market.
Mcx lead future last closed at 124.75 with gain. In intraday mcx, lead future made high around 125.55 while low was near 124.5. Total 1-rupee range and closed with gain. Here stay short with stop loss above 127.5 for the day.
Mcx nickel future last closed at 1047 with gain. Nickel future in intraday-recorded high around 1063 while low was around 1042. Total 21-rupee intraday range and closed with gain. Here stay short for intraday with stop loss above 1063.
Mcx zinc future last closed at 138.35 with gain. In intraday zinc, future made high around 138.7 while low was near 136.8. Total almost 2-rupee range and closed with gain. Here 137 is strong support on downside.
Mcx crude oil future last closed at 3610 with loss. In intraday crude future made high around 3699 while low was at 3562. Total 150-rupee intraday range was seen and closed with loss. Here below 3800 expect deep downside up to 3400 to 3200 in medium to long-term view.
Mcx natural gas future last closed at 237.8 with gain. In intraday ng future hit high around 246 while low was around 236. Total 10-rupee intraday range was seen and correction seen. For intraday 242 is strong resistance and 232 is support zone.