free mcx tips premarket report
free mcx gold silver tips
mcx gold june future last closed at 25664 with loss of 102 rupee.in intraday mcx gold future made low at 25435 while intraday high point was 25900.total 450 rupee move and resumption of downtrend.here below 25800 hold short view and expect 25000-24700 as downside targets.if rupee resume downtrend as dollar index inching up we may see limited fall in domestic gold prices as compared to comex.
mcx silver may expiry future last closed at 43570 with loss of 625 rupee.in intraday mcx silver future showing heavy volatility and made low at 42838 while high was at 44265.total 1400 rupee+ intraday movement and continuation of downtrend.here watch 43000 on closing and week closing basis below this next big fall will trigger so strict stoploss for all long positions.
free mcx aluminium-copper-lead-nickel-zinc tips
mcx aluminium april expiry future last closed at 101.55 with loss of 1.3 rupee.in intraday mcx aluminium future made high at 102.6 while low was 100.5.total 2+ rupee move and continuation of downtrend.as suggested below 103 hold sell on rise view and same targets of 100-98 on downside.
mcx copper april expiry future last closed at 381.2 with loss of almost 14 rupee.in intraday mcx copper future made high at 393.7 while low was 379.7 so almost 14 rupee move and closing near low on bearish trend.here 380 achieved today and below this expect next major target zone at 360-350 levels.
mcx lead april expiry future last closed at 108.8 with loss of almost 3 rupees.in intraday mcx lead future made high at 111 while low was near 108.total 3 rupee move and closing near lows.here watch 108 below that sharp downside breakout rally upto 106-105 in intraday.on upside 111-113.5 are major intraday resistances.
mcx nickel april expiry future last closed at 833 with loss of 20 rupee.intraday mcx nickel future made low at 829 while high was near 850.total 21 rupee intraday movement and new historic low for nickel prices.here trend and momentum down and below 855 for now hold sell on rise view and expect 820-810 as downside target zone.below 800 next positional target will be 740-690.
mcx zinc april expiry future last closed at 100.2 with loss of 1.55 rupee.in intraday mcx zinc future made high at 101.25 while low was near 99.here below 102.5 hold sell on rise view and expect 98-95 as intraday to positional target zones.below 95 will be very bearish and may hit fresh historic lows near 85?
free mcx crude oil-natural gas tips
mcx crude oil april expiry future last closed at 4698 with loss of 96 rupees.in intraday mcx crude oil future hit high at 4797 while intraday low was 4666.our given 4650 target almost hit and below that next target comes at 4400 so watch 4650 as support if slips below that go short with stoploss for target 4400-4250.nymex crude heading towards 78 if breaks 66$ level will be long term target here.
mcx natural gas april expiry future last closed at 228.2 with gains over 4 rupees.in intraday mcx natural gas future made high at 229.6 while intraday low was near 223.9 total 6 rupee move and closing near day high.here expect rally to continue and as suggested earlier new high is still visible may be in this week?above 235 on weekly closing basis next major target will be 255-280.