Mcx aluminium remain sell below 118
Mcx aluminium last closed at 117.6 with gain. After fall, prices are bouncing back but view still bearish and below 118 trader can keep sell view on this commodity. For intraday traders can expect 117 to 116 levels as target zones.
Mcx copper is heading for 379
Mcx copper future last closed at 389 with loss. Mcx copper prices are correcting toward major sport near 380 rupee level. Remain weak for intraday and keep sell on rise view with stop loss. Expect 384 to 379 as intraday short targets for mcx copper future.
Mcx lead outperforming remain buy on dips
Mcx lead future last closed at 157.85 with gain. Mcx lead look like bottomed out for short terms and heading for higher levels. Mcx lead above 157 remain buy and accumulate. For intraday traders can expect 159 to 160 rupee levels on upside. On downside 157.5 remain support zones.
Mcx nickel remain sell expect deep downside
Mcx nickel future last closed at 768. Mcx nickel showing resilience above 758 rupee level but outlook still bearish. Expect breakdown below 758 and downside levels up to 745 to 730 in short terms. On upside 776 and 790 will be strong resistances as well as shorting levels.
Mcx zinc bottomed out tgts 190-195
Mcx zinc future last closed at 183.05. Zinc prices are hovering around support of 183.5 and building base. On daily chart, mcx zinc prices are bottomed out for short term and ready to move upward. Above 183, traders keep buy and accumulate view for intraday targets of 185 to 186. In short term 190 to 195 can be expected.