commodities intraday levels for 8 Jan 2015
Mcx gold future last closed at 27181 with loss. In intraday gold hit high at 27360 while low was at 27120. Total 200-rupee intraday range and closed with loss. Here 27000 is strong support and 27440 is strong resistance. In intraday expect pressure on prices due to profit booking and stronger rupee.
Mcx silver future last closed at 37790 with loss. In intraday mcx, silver future made high at 37930 while low was at 37211. Total 700-rupee intraday range and closed with loss. For intraday, silver will have 37200 as support and 38500 as resistance. Stay long with stop loss of 37000.
Mcx aluminium future is last closed at 112.6 flat. In intraday aluminium future hit high around 113.55 while low was below 111.55. For intraday, aluminium future will have support around 111 and resistance at 114. Expect another downside move.
Mcx copper future last closed at 389 with loss. In intraday copper future made high at 392 while low was at 388. Total 4-rupee range and closed with loss. For the day 396 is strong resistance and on downside, 384 is support zones. Stay short with stop loss.
Mcx lead future last closed at 116.5 with loss. In intraday mcx, lead future made high around 117.6 while low was near 115.55. Total 2-rupee range and closed with loss. For intraday, mcx lead future has support around 115 and resistance at 117. Stay short with stop loss.
Mcx nickel future last closed at 983 with gain. Nickel future in intraday-recorded high around 986 while low was around 965. Total 21-rupee intraday range and closed with gain. Here 960 is strong support and above it keeps long view for short terms.
Mcx zinc future last closed at 134.9 with loss. In intraday zinc, future made high around 137.65 while low was near 134.6. Total almost 3-rupee range and closed with loss. Mcx zinc future will have intraday support at 132 and strong resistances at 137. Stay short with stop loss.
Mcx crude oil future last closed at 3081 with gain. In intraday crude future made high around 3137 while low was at 2986. Total 150-rupee intraday range was seen and closed with gain. Mcx crude future has intraday support at 2980 and strong resistance at 3150. Stay short with stop loss.
Mcx natural gas future last closed at 184.6 with gain. In intraday ng future hit high around 191 while low was around 183. Total 8-rupee intraday range was seen and closed with gain. For medium to long-term view keep buy and accumulate view.