MCX forecast 24 nov 2014

MCX forecast 24 nov 2014

MCX Bullion view

MCX GOLD Dec. expiry future last closed at 26395 with loss. In intraday mcx gold future’s high was at 26629 while low was at 26348. Total 300-rupee intraday range and closed with loss. For intraday watch 26300 if breaks then expect another 200 to 300 rupees downside rally until then keep long view.

MCX SILVER Dec. expiry future last closed at 36078 with gain. In intraday mcx silver future’s high was at 36529 while low was at 35703. Total almost 700-rupee intraday range and closed with gain. Above 35,500, keep buy on dips view.

MCX metal view

MCX ALUMINIUM Nov. expiry future last closed at 127 with gain. In intraday aluminium future hit high around 128 while low was near 126. Here aluminium future prices strongly approaching towards top of 129 rupees.

MCX COPPER Nov. expiry future last closed at 412 flat. In intraday 8-rupee range was seen and copper still holding 406-410 support zone. Here keep buy and accumulate view for short terms.

MCX LEAD Nov. expiry future last closed at 126.25 with gain. In intraday lead future had give 3-rupee swing and trending higher. Here stay long with stop loss below 125 for target 128.5.

MCX NICKEL Nov. expiry future last closed at 1011 with gain. In intraday nickel, future hit high at 1026 while low was at 1006. Here expect short covering rally up to 1140 to 1160. On downside, 1100 is stop loss as well as support on downside.

MCX ZINC Nov. expiry future last closed at 141.1 with gain. Zinc future hit high near 143 while low was near 139. Total 3-rupee range was seen and zinc future heading towards 145.

MCX Energy view

MCX CRUDEOIL Dec. expiry future last closed at 4704 with gain. In intraday mcx crude oil, future hit high at 4818 while low was at 4657. Total almost 160-rupee intraday range and closed with gain. For intraday expect another 40-50 rupee upside.

MCX NATURALGAS Nov. expiry future last closed at 266 with gain. In intraday mcx natural gas, future made high at 280 while low was at 264. Total 16-rupee intraday range and closed with gain. For intraday 258 is stop loss for long position.

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The Author

Pramod Baviskar

Professional Market Trader And Owner Of Dalal Street Winners Advisory And Coaching Services. Working Since 2007 And Online Presence Since 2010. We Provide Highly Accurate And Professional 1 Entry And 1 Exit Future, Option, Commodity, Currency And Intraday Stock Tips On Whatsapp With Live Support And Follow Up.

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