premarket mcx technical levels for 2 January 2015
Mcx gold future last closed at 26669 with loss. In intraday gold hit high at 26759 while low was at 26670. Total 100-rupee intraday range and closed with loss. Here 26500 is strong support and 26800 is strong resistance. In intraday might test 26500.
Mcx silver future last closed at 36210 with gain. In intraday mcx, silver future made high at 36215 while low was at 36022. Total 200-rupee intraday range and closed with gain. For intraday, silver will have 35,800 as support and 37200 as resistance. Stay long with stop loss of 35800.
Mcx aluminium future is last closed at 117.3 with gain. In intraday aluminium future hit high around 117.45 while low was below 116.4. For intraday, aluminium future will have support around 116.5 and resistance at 118. Keep buy on dips here with strict stop loss in place.
Mcx copper future last closed at 399.55 with gain. In intraday copper future made high at 400.5 while low was at 397.5. Total 3-rupee range and closed with gain. For the day 402 is strong resistance and on downside, 398 is support zones. Follow buy and accumulate strategy with strict stop loss below 398.
Mcx lead future last closed at 117.9 with gain. In intraday mcx, lead future made high around 119 while low was near 117. Total 2-rupee range and closed with gain. For intraday, mcx lead future has support around 117 and resistance at 120. Stay long with stop loss below 117.
Mcx nickel future last closed at 967.9 with gain. Nickel future in intraday-recorded high around 970 while low was around 962. Total 8-rupee intraday range and closed with gain. Here 950 is strong support and above it keeps long view for short terms.
Mcx zinc future last closed at 138.65 with gain. In intraday zinc, future made high around 138.65 while low was near 138. Total almost 1.5-rupee range and closed with gain. Mcx zinc future will have intraday support at 137 and strong resistances at 139. Stay long with stop loss below 137.
Mcx crude oil future last closed at 3400 with gain. In intraday crude future made high around 3410 while low was at 3383. Total 27-rupee intraday range was seen and closed with gain. Mcx crude future has intraday support at 3355 and strong resistance at 3450. Expect bounce back up to resistance.
Mcx natural gas future last closed at 185.8 with gain. In intraday ng future hit high around 187 while low was around 183. Total 4-rupee intraday range was seen and closed with loss. For medium to long term view keep buy and accumulate view,