mcx intraday tips for 17 December 2014
Mcx gold future last closed at 27200 with loss. In intraday gold hit high at 27800 while low was at 26986. Total 800-rupee intraday range and closed with loss. Here for intraday expect some supply from market for target 26900.
Mcx silver future last closed at 36773 with loss of 1542 rupees. In intraday mcx, silver future made high at 38595 while low was at 36162. Total 2500-rupee intraday range and closed with loss. Here below 36800 remain sell for the day.
Mcx aluminium future is last closed at 120.7 with loss. In intraday aluminium future hit high around 121.6 while low was below 120.1. For intraday buy near 120 with strict stop loss.
Mcx copper future last closed at 408.75 with loss. In intraday copper future made high at 412 while low was at 405. Total 7-rupee range and closed with loss. For today, expect downside up to 404-402.
Mcx lead future last closed at 122 with loss. In intraday mcx, lead future made high around 124 while low was near 121. Total 3-rupee range and closed with loss. Here stay short with stop loss above 123.5 for the day.
Mcx nickel future last closed at 1018 with loss. Nickel future in intraday-recorded high around 1043 while low was around 1016. Total 27-rupee intraday range and closed with loss. Here 1000 is strong support and above it keeps long view for short terms.
Mcx zinc future last closed at 136.55 with loss. In intraday zinc, future made high around 138 while low was near 136. Total almost 2-rupee range and closed with loss. Here 135 is strong support on downside.
Mcx crude oil future last closed at 3580 with loss. In intraday crude future made high around 3670 while low was at 3436. Total 250-rupee intraday range was seen and closed with loss. Here below 3800 expect deep downside up to 3400 to 3200 in medium to long-term view.
Mcx natural gas future last closed at 234.7 with loss. In intraday ng future hit high around 241 while low was around 233. Total 8-rupee intraday range was seen and downtrend continues. Here 218-219 is previous bottom support and possible short-term target.