mcx commodities outlook for 11 October 2013
bullion commodities outlook for 11 October 2013
mcx gold future last closed at 28824 with loss of 479 rupees.in intraday mcx gold future made high near 29400 while low was near 28800.almost 800 rupee intraday range and achieved given target of 28800.for today below 28800 next target will be 28200-27500.
mcx silver future last closed at 48200 with loss of 809 rupees.in intraday mcx silver future made high at 49221 while low was at 48165.total 1000+ intraday range and turned negative.here with stoploss 48800 stay short for target 47k-46k on downside.
metal commodities outlook for 11 October 2013
mcx aluminium future last closed at 113.35 with loss of 40 paise.in intraday mcx aluminium future made high at 114.45 while low was at 111.75.total 2 rupee+ intraday range and closed in red on profit booking and stronger rupee.here below 115 stay short for target 112.5 to 110 on downside.
mcx copper future last closed at 443.3 with loss of 4 rupee.in intraday mcx copper future made high at 450 while low was near 440.total 10 rupee intraday range and closed in red.here stay short with stoploss 448 for target 434.
mcx lead future last closed at 126.65 with 1.5 rupee drop.in intraday mcx lead future made high at 129.2 while low was at 125.7.total 3.5 rupee intraday range and profit booking triggered.here stay short with stoploss 130 for target 124-120 on downside.
mcx nickel future last closed at 843.5 with loss of 6 rupees.in intraday mcx nickel future made high at 858 while low was at 840.total 18 rupee intraday range and closed in red.here below 850 keep short open for target 830-810 on downside.
mcx zinc future last closed at 114.95 with loss of 45 paise.in intraday mcx zinc future made high at 116 while low was near 114.total 2 rupee intraday range and closed in red.here below 115.5 hold shorts for target 112.5-110 on downside.
energy commodities outlook for 11 October 2013
mcx crude oil future last closed at 6330 with gains of 27 rupees.in intraday mcx crude oil future made high at 6367 while low was at 6210.total 150 rupee intraday range and achieved given target of 6200.here now above 6250 keep long view for target 6400-6500.
mcx natural gas future last closed at 230.1 flat positive.in intraday mcx ng future made high at 234 while low was at 228.total 6 rupee intraday range and closed flat.here above 224 keep long view for target 238-244.