mcx commodity intraday predictions for 21 November 2013

mcx commodity intraday predictions for 21 November 2013

bullion commodity technical report

mcx gold future last closed at 30051 with loss of 262 rupees.in intraday mcx gold future made high at 30487 while low was at 30035.total 450 rupee intraday range and closed with loss.here below 30200 keep short view.rupee weakness may show high volatile moves.

mcx silver future last closed at 45k with loss of 440 rupees.in intraday mcx silver future made high at 45850 while low as at 44900.total 900 rupee intraday range and closed with loss.here expect downside upto 43k on tapering fear.

metal commodity technical report

mcx aluminium future last closed at 109 with 60 paise loss.in intraday mcx aluminium future made high at 110.6 while low was at 108.9.total 1.7 rupee intraday range and closed with loss.here expect downside targets upto 108 and below.

mcx copper future last closed at 435.8 with gains of 70 paise.in intraday mcx copper future made high at 438.8 while low was at 435.5.total 3 rupee intraday range and closed with gains.here below 442 keep sell on rise view.

mcx lead future last closed at 129.95 with gains of 20 paise.in intraday mcx lead future made high at 130.75 while low was at 129.3.total 1.5 rupee intraday range and closed with gains.here expect downside upto 128-126.

mcx nickel future last closed at 843.8 with loss of 4.2 rupees.in intraday mcx nickel future made high at 856 while low near 843.total 13 rupee intraday range and closed with loss.here below 840 deep downside upto 770 is possible.

mcx zinc future last closed at 116.6 flat.in intraday mcx zinc future made high at 117.6 while low was at 116.35.total 1.3 rupee intraday range and closed flat.here below 115 expect sharp fall.

energy commodity technical report

mcx crude oil future last closed at 5917 with gains of 17 rupees.in intraday mcx crude oil future made high at 5946 while low was at 5861.total 80 rupee intraday range and closed with gains.here below 5900 keep sell on rise view.

mcx natural gas future last closed at 227.6 with gains of 4.6 rupees.in intraday mcx ng future made high at 228 while low as at 222.total 6 rupee intraday range and closed with gains.here now 224 will remain as support for natural gas.

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