MCX Bullion metal and energy tips 22 May 2014

MCX Bullion metal and energy tips 22 May 2014

MCX Bullion metal and energy tips 22 May 2014

MCX Bullion Intraday tips

MCX GOLD June expiry future last closed at 27,341 with huge loss. In intraday mcx gold future’s high was at 28,277 while low was at 27,341. Total 1000-rupee intraday range and closed with huge loss. Expect panic sell off up to 26,500 on upside 27,500 is stop loss for short positions.

MCX SILVER Jul expiry future last closed at 40,900 with loss. In intraday mcx silver future’s high was at 41,347 while low was at 40,818. Total almost 500-rupee intraday range and closed with loss. Traders buy and accumulate silver future near 40k for short covering rally.

 

MCX metal Intraday tips

MCX ALUMINIUM May expiry future last closed at 102.1 with gain. In intraday mcx aluminium, future hit high at 102.2 while low was at 101.3. Total 1-rupee intraday range and closed flat. For now, follow buy on dips view for bounce back up to 104-105.

MCX COPPER Jun expiry future last closed at 408 with loss. In intraday mcx, copper future made high at 411 while low was at 405. Total 6-rupee intraday range and closed with loss. Above 400 rupee, keep buy on dips view.

MCX LEAD May expiry future last closed at 123.5 with loss. In intraday mcx lead future’s high was at 125 while low was at 122.35. Total 3-rupee intraday range and closed loss. Above 123, follow buy on dips view.

MCX NICKEL May expiry future last closed at 1138 with loss. In intraday mcx nickel future’s high was at 1157 while low was at 1134. Total 23-rupee intraday range and closed with loss. Below 1180 stay, short positional.

MCX ZINC May expiry future last closed at 121.45 with loss. In intraday mcx zinc, future hit high at 122.7 while low was at 120.35. Total 2.5-rupee intraday range and closed with loss. Above 121, keep long view for intraday.

 

MCX Energy Intraday tips

MCX CRUDEOIL June expiry future last closed at 6134 with gain. In intraday mcx crude oil, future hit high at 6140 while low was at 6039. Total almost 100 rupee intraday and closed with gain. Traders with stop loss 6080 keep buy on dips view for intraday.

MCX NATURALGAS May expiry future last closed at 263.6 with loss. In intraday mcx natural gas, future made high at 269.2 while low was at 263. Total 6-rupee intraday range and closed with loss. Traders below 268 keep short view for intraday.

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The Author

Pramod Baviskar

Professional Market Trader And Owner Of Dalal Street Winners Advisory And Coaching Services. Working Since 2007 And Online Presence Since 2010. We Provide Highly Accurate And Professional 1 Entry And 1 Exit Future, Option, Commodity, Currency And Intraday Stock Tips On Whatsapp With Live Support And Follow Up.

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