MCX Base metals intraday Report for 25 Oct 2016

mcx aluminium intraday Report for 25 Oct 2016 Mcx aluminium future last closed at 109.05 with gain. As expected base metal coming off the low and from now on expect rallies in all mcx base metals. For today, mcx aluminum outlook remains bullish and strategy remains to buy on dips. Mcx aluminium intraday support zones are 108.5 and 107.6 and these are fresh long entry zones while on upside 109.65 and 111 are intraday resistances as well as target zones. A fresh breakout above 108.8 means swings target of 113.55 in medium terms. mcx copper intraday Report for 25 Oct 2016 Mcx copper future last closed at 311.3 with the loss. Copper is building a base around 309-310 before moving upside. For intraday mcx copper future view remains bullish and strategy will be bought on dips. Mcx copper intraday support zones are 309 and 306 and these are fresh buying levels on upside 314 and 323 are intraday resistances as well as intraday target zones. Mcx copper medium-term target remains at 323 and 329+. mcx lead intraday Report for 25 Oct 2016 Mcx lead future last closed at 135.05 with gain. Lead as expect given reversal and heading for swing breakout above 136 for a big target on the upside. Mcx lead intraday view is bullish and strategy remains to buy at supports. Mcx lead intraday support zones are 133 and 131.8 and these are fresh buying zones and on upside 136 and 138 are intraday resistances as well as target zones. mcx nickel intraday Report for 25 Oct 2016 Mcx nickel future last closed at 678.2 with gain at day high. Mcx nickel also coming off from the oversold zone and building a base. From here expect short covering rallies for upside in mcx nickel in short to medium terms. For intraday mcx nickel outlook remains bullish and follow buy at support strategy. Mcx nickel intraday support zones are 667 and 660 and fresh long entry zones. Mcx nickel intraday resistances are 685 and 690 and intraday target zones. mcx zinc intraday Report for 25 Oct 2016 Mcx zinc future last closed at 154.65 with huge gains. Mcx zinc future taken support at 150 and triggered short covering rally and now trading near its swing target of 154.8. Above 155 expect fresh medium term breakout for targets 162 to 165. Mcx zinc intraday view is bullish and expects another strong rally above 155. Mcx zinc intraday support zones are 153 and 151 and these are fresh long entry levels. On upside mcx zinc intraday resistances, as well as target zones, are 155 and 157.5. For mcx base metal tips on WhatsApp with live support and follow-ups join our commodity tips service.

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Pramod Baviskar

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