free mcx tips for 3 may 2013
free mcx gold silver tips
mcx gold june expiry future last closed at 26923 with gains over 1%.here on sharp short covering after initial weakness spurt the rally.mcx gold future made intraday low near 26500.taken support of 26500 and moving towards previous highs.here for tomorrow above 26750 intraday support zone hold buy on dips view and expect 27200-27300 as upside targets here.rupee weakness remain concern here.
mcx silver may expiry future last closed at 44300 with gains of 1.47%.in intraday mcx silver also followed precious metal sentiment and closed with gains on short covering.intraday low was 43596 while high was 45196.total 1700 points run and bullish momentum.for tomorrow above 44000 hold long view for targets 45100 to 45800.
free mcx aluminium-copper-lead-nickel-zinc tips
mcx aluminium may expiry future last closed at 97.45 with 0.25% gains.in intraday mcx aluminium future made low at 96.65 while high was 98.65.here below 98 strategy remain sell on rise and downside 96-94 will be fresh target zones.
mcx copper june expiry future last closed at 372 with gains over 1%.in intraday mcx copper future made low at 367 while high was 375.total 8 rupee move and recovery rally.here below 374 hold sell view and on downside 368-364 will be target zones.
mcx lead may expiry future last closed at 104.85 with loss.in intraday mcx lead future made high at 107.35 while low was 104.25.total 3 rupee movement and as i already given trending towards 103-101 levels.here below 106.8 hold sell on rise view and targets 103-101.
mcx nickel future last closed at 795 with gains.in intraday mcx nickel future made low at 787 while recovery rally hit high at 804.total 17 rupee intraday volatility and some short covering rally.below 805 hold sell on rise view and downside 780-760 will remain as target zones.
mcx zinc may expiry future last closed at 97.95 with loss.in intraday mcx zinc future made high at 99.5 while low was 97.35.total 2 rupees move and selling pressure continues.here below 99.1 hold sell on rise view and on downside 97-96 remain as intraday target zones.
free mcx crude oil-natural gas tips
mcx crude oil may expiry future last closed at 5025 with gains of 3.14%.in intraday mcx crude oil future made high at 5030 while low was 4870.total 160 rupee move in intraday and sharp short covering from support.here above 4940 buy on correction rally and expect 5060-5080 as upside target zones.
mcx natural gas may expiry future last closed at 218 with heavy drop of 7%.in intraday mcx ng future made high at 235 while low was 217 so total 18 rupee move and sharp selling/profit booking after breaking major support.here below 226 hold sell on rise view and 210-208 will be next target zone.this is deep correction rally and has much downside targets.above 226 on closing basis must exit all short positions.