mcx commodities intraday levels predictions for 30|12|2014
Mcx gold future last closed at 26798 with loss. In intraday gold hit high at 27070 while low was at 26725. Total 400-rupee intraday range and closed with loss. Here 26500 is strong support and 26800 is strong resistance. Long-term investors keep buy and accumulate view.
Mcx silver future last closed at 36580 with loss. In intraday mcx, silver future made high at 37534 while low was at 36474. Total 1000-rupee intraday range and closed with loss. For intraday, silver will have 35800 as support and 37,000 as resistance. Investors keep buy and accumulate view.
Mcx aluminium future is last closed at 117.15 with gain. In intraday aluminium future hit high around 118 while low was below 116. For intraday, aluminium future will have support around 116 and resistance at 118.5. Expect recovery rally ahead.
Mcx copper future last closed at 401.85 with gain. In intraday copper future made high at 404 while low was at 399. Total 5-rupee range and closed with gain. For the day 410 is strong resistance and on downside, 398 and 396 are support zones. Follow buy and accumulate strategy with strict stop loss below 398.
Mcx lead future last closed at 115.45 with loss. In intraday mcx, lead future made high around 118 while low was near 115. Total 3-rupee range and closed with loss. For intraday, mcx lead future has support around 114 and resistance at 117. Expect technical bounce back on short covering.
Mcx nickel future last closed at 956 with loss. Nickel future in intraday-recorded high around 980 while low was around 955. Total 25-rupee intraday range and closed with loss. Here 950 is strong support and above it keeps long view for short terms.
Mcx zinc future last closed at 136.1 with loss. In intraday zinc, future made high around 138 while low was near 136. Total almost 2-rupee range and closed with gain. Mcx zinc future will have intraday support at 135 and strong resistances at 138. Stay long with stop loss below 135.
Mcx crude oil future last closed at 3423 with loss. In intraday crude future made high around 3568 while low was at 3412. Total 250-rupee intraday range was seen and closed with loss. Mcx crude future has intraday support at 3300 and strong resistance at 3500. Expect new low target around 3250 to 3000. Below 2900 will be another historic breakdown!
Mcx natural gas future last closed at 202.9 with gain. In intraday ng future hit high around 205 while low was around 195. Total 10-rupee intraday range was seen and closed with gain on recovery. Here investors use 190-195 zones for buying and accumulation with stop loss in place.