Premarket mcx commodities technical report and tips
Free mcx tips for bullion
mcx gold feb future closed at 31480 with gains.today gold future hit highs near 31555 while opening was near lows.on intraday chart trend is bullish and if closed above 31600 then target of 32400 once again get activated.tomorrow may expect some correction on profit booking which is must used for buying.stoploss for all long is below 31200 while short seller keep stoploss above 32600.
mcx silver march expiry future closed at 62923 with gains.on chart turned down from resistance of 63200 and in intraday remain strong resistance.buy only if silver prices get above it.here from long term view still bearish.on downside 62800 is first intraday and below that stay short.
Free mcx tips for base metals
mcx aluminium dec expiry future today closed near 114.7.today after gap up opening aluminium future set on rally and hit high near 115.4.on chart now looks like made double top which may get converted into sharp selling?stoploss for all shorts must be above 115.5.
mcx copper feb future closed at 448 with gains.here as we given in our weekly report hit first target today with gap up and now next target will be 460.for swing traders target comes at 468 if hold 441 bottom for week.for tomorrow expect 452-454 n intraday.444-446 is buying zone.
mcx lead dec future today closed at 124 with huge gains.today we seen high near 124.6.for tomorrow outlook is bearish below todays top of 124.6 on downside expect correction upto 123-122.5.this was one side rally and mostly fizzle out if follow up buying doesn’t come.
mcx nickel dec future today closed at 968 with gains.here also gap opening triggered buy on all traders screen which ultimately set on rally.today high of 972 is top and below that correction is possible.swing traders can expect 986 as target if bottom of 930 remain intact.
mcx zinc dec expiry future today closed at 112.4 with gains.today top was almost 113 and that remain resistance for tomorrow on downside 111.5 to 111 are correction targets.
Free mcx tips for energy
mcx crude oil dec expiry future today closed near 4705 flat.today we seen rally upto 4735 while low was near 4690.very narrow range which suggest accumulation and consolidation.above 4650 stay long for intraday and expect 4760 to 4830 as intraday targets.
mcx natural gas dec future closed at 187.6 with losses,as we given in weekly analysis and earlier here first target seems to be at 181 while medium term correction may show us 170-175 levels on chart.follow sell on rise strategy till 192.downside 184-181 are intraday targets.