mcx commodity future analysis 19 November 2013
bullion future analysis
mcx gold future last closed at 30097 with loss of 295 rupees.in intraday mcx gold future made high at 30350 while low was at 30023.total 300 rupee intraday range and closed with loss as expected.here below 30800 expect bearish moves.
mcx silver future last closed at 45311 with loss of 1460 rupees.in intraday mcx silver future made high at 46680 while low was at 45265.total 1400 rupee intraday range and closed with loss.here expect downside upto 45-44k and keep sell on rise view.
metal future analysis
mcx aluminium future last closed at 108.7 with loss of 2 rupee.in intraday mcx aluminium future made high at 110.7 while low was at 108.7.total 2 rupee intraday range and closed with loss as expected.here expect 108-106 levels on downside.
mcx copper future last closed at 432.75 with almost 9 rupee loss.in intraday mcx copper future made high at 440.5 while low was at 432.7.total 8 rupee intraday range and closed with loss as expected.here below 434 keep short view.
mcx lead future last closed at 128.45 with loss of 2.55 rupee.in intraday mcx lead future made high at 130.85 while low was at 128.4.total 3 rupee intraday range and closed with loss as expected.here watch 128 as support zone.
mcx nickel future last closed at 843.5 with loss of 25 rupees.in intraday mcx nickel future made high at 867 while low was at 843.1.total 24 rupee intraday range and closed with loss.here watch 840 as support zone.
mcx zinc future last closed at 115.6 with loss of 2.15 rupees.in intraday mcx zinc future made high at 117.55 while low was at 115.6.total 2 rupee intraday range and closed with loss.here below 115 expect another sharp fall.
energy future analysis
mcx crude oil future last closed at 5866 with loss of 128 rupees.in intraday mcx crude oil future made high at 5981 while low was at 5865.total 125 rupee+ intraday range and closed with loss.here below 5800 expect another sharp fall.
mcx natural gas future last closed at 228.5 with loss of 1 rupee.in intraday mcx ng future made high at 232.2 while low was at 227.7.total 5 rupee intraday range and closed with loss.here below 232 expect lower levels.