MCX Commodity future analysis 18/10/2013
bullion future analysis 18/10/2013
mcx gold future last closed at 29490 with gains of 542 rupees.in intraday mcx gold future made high at 29675 while low was at 28750.total 900 rupee intraday range and closed with gains.here now expect upside levels upto 30000-30500.
mcx silver future last closed at 48067 with gains of 695 rupee.in intraday mcx silver future made high at 48853 while low was at 46762.total 1100 rupee intraday range and closed with gains.here expect upside upto 49-50k if holds 47500 support zone.
metal future analysis 18/10/2013
mcx aluminium future last closed at 110.85 with loss of 1.3 rupee.in intraday mcx aluminium future made high at 112.15 while low was at 110.65.total almost 2 rupee intraday range and closed with loss as expected.here may show downside levels upto 109-108.
mcx copper future last closed at 447.35 with loss of 6.2 rupees.in intraday mcx copper future made high at 452 while low as at 446.2.total 5.8 rupee intraday range and bearish trend.here below 452 may show 440-435 levels on downside.
mcx lead future last closed at 131.6 with loss of 1 rupee.in intraday mcx lead future made high at 132.25 while low was at 130.65.total 2 rupee intraday range and closed with loss.here above 129 keep long view for target 132-133.
mcx nickel future last closed at 853.7 with loss of 11.5 rupees.in intraday mcx nickel future made high at 864.8 while low was at 852.2.total 12 rupee intraday range and closed with loss.here below 860 expect 840-830 levels.
mcx zinc future last closed at 116 with loss of 1.05 rupees.in intraday mcx zinc future made high at 116.7 while low was at 115.85.total 1 rupee intraday range and closed with loss.here below 117 keep selling view for target 115-114 on downside.
energy future analysis 18/10/2013
mcx crude oil future last closed at 6140 with loss of 187 rupee.in intraday mcx crude oil future made high at 6299 while low as at 6140.total 160 rupee intraday range and closed with loss.here expect downside upto 6000.
mcx natural gas future last closed at 229.6 with loss of 5.6 rupee.in intraday mcx ng future made high at 234.3 while low was at 228.4.total 6 rupee intraday range and closed with loss.here expect downside upto 225.