MCX intraday view 4 Sep 2014

MCX intraday view 4 Sep 2014

MCX Bullion Intraday tips

MCX GOLD Oct. expiry future last closed at 27,561 with gain. In intraday mcx gold future’s high was at 27,620 while low was at 27,368. Total 300-rupee intraday range and closed with gain. On downside 27,500 is major support below it expecting downside up to 26,900.

MCX SILVER Sep expiry future last closed at 42300 with gain. In intraday mcx silver future’s high was at 42,500 while low was at 41430. Total almost 1100-rupee intraday range and closed with gain. Long-term investors must hop and use this fall as investing opportunities.

MCX metal Intraday tips

MCX ALUMINIUM Sep. expiry future last closed at 125.25 with loss. In intraday mcx aluminium, future hit high at 127.75 while low was at 125. Total 3-rupee intraday range and closed with loss. For intraday traders 124 is major support on downside for now.

MCX COPPER Nov. expiry future last closed at 424.6 with loss. In intraday mcx, copper future made high at 429 while low was at 423. Total 6-rupee intraday range and closed with loss. For intraday expect bounce back from 420 levels.

MCX LEAD Sep. expiry future last closed at 133.55 with loss. In intraday mcx lead future’s high was at 135.7 while low was at 133.15. Total 3-rupee intraday range and closed with loss. Expect short covering in intraday.

MCX NICKEL Sep. expiry future last closed at 1153 with gain. In intraday mcx nickel future’s high was at 1154 while low was at 1126. Total 28-rupee intraday range and closed with gain. Buy near 1140 levels only for better risk reward ratio.

MCX ZINC Sep. expiry future last closed at 143.25 with loss. In intraday mcx zinc, future hit high at 144.75 while low was at 143.1. Total 2-rupee intraday range and closed with loss. Above 141 keep buy and accumulate view for intraday.

MCX Energy Intraday tips

MCX CRUDEOIL Sep expiry future last closed at 5778 with gain. In intraday mcx crude oil, future hit high at 5779 while low was at 5667. Total almost 120-rupee intraday range and closed with gain. Taken support at 5600 so expect short covering rally ahead.

MCX NATURALGAS Sep expiry future last closed at 233.4 with loss. In intraday mcx natural gas, future made high at 238 while low was at 232. Total 6-rupee intraday range and closed with loss. Long-term investors must buy in 225 to 232 zones.

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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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