mcx lead monthly forecast march 2016

mcx lead monthly technical analysis report march 2016

mcx lead monthly technical analysis report march 2016

Mcx lead future for month of March 2016, opened in green and trading with gain. Mcx lead future after making bottom at 104, showing strong recovery moves. In last month we seen 115 to 127 rupee range. On daily chart, mcx lead future price trend and momentum both are bullish. On downside 120-119 and 116 are support zones. On upside 126-127 is previous top resistance.   For month of March 2016, mcx lead above 120 rupee levels remain bullish and buy. On upside traders can expect 125 and 131 levels as target zones.   Downtrend will start below 120 rupee only. In that scenario expect 113 and 109 as target zones. As lead trading above 120 so keep buy and accumulate view for targets 125 and then possibly 131.

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Pramod Baviskar

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