MCX commodity strategy 17 October 2013
bullion strategy 17 October 2013
mcx gold future on last session closed at 28959 with gains of 73 rupees.mcx gold future intraday high was 29089 while low was 28652.here 400 rupee intraday range and closed with gains.here expect rally to continue upto 29200-29500.
mcx silver future on last trading session closed at 47321 with gains of 40 rupees.mcx silver future intraday high was at 47540 while low was near 46900.total 600 rupee intraday range and closed with gains.here expect technical bounce back upto 48500.
metal strategy 17 October 2013
mcx aluminium future last closed at 112.2 with loss of 35 paise.mcx aluminium future in intraday made high at 112.7 while low was at 110.95.intraday range of almost 2 rupee and closed flat negative.here expect technical bounce back upto 114 stoploss at 110.5.
mcx copper future last closed at 453.25 with loss of 1.35 rupees.mcx copper future made high at 455 while low was at 449.total 6 rupee intraday range and closed flat negative.here expect upside upto 465 stoploss at 448.
mcx lead future last closed at 132.65 with gains of 80 paise.in intraday mcx lead future made high at 132.75 while low was at 130.25.total2 rupee plus intraday range and closed at target.here above 130 keep long view for next target 134-135.
mcx nickel future last closed at 865.2 with gains of 1.8 rupee.in intraday mcx nickel future made high at 867 while low was near 856.total 11 rupee narrow range and heading towards 880+.here with stoploss 860 keep long view for target 880-890.
mcx zinc future last closed at 117.1 with loss of 55 paise.in intraday mcx zinc future made high at 117.35 while low was at 115.7.total 1.5 rupee intraday range and closed with loss.here above 115 keep buying view.
energy strategy 17 October 2013
mcx crude oil future last closed at 6313 with gains of 41 rupees.in intraday mcx crude oil future made high at 6348 while low was at 6224.total 124 rupee intraday range and closed with gains.here expect bounce back rally upto 6400.
mcx natural gas future last closed at 233.7 with loss of 1.4 rupee.in intraday mcx ng future made high at 238 while low was at 233.total 5 rupee range and sharp profit booking.here expect downside upto 228-224.