mcx levels for 15 December 2014
Mcx gold future last closed at 27225 with loss. In intraday gold hit high at 27228 while low was at 27026. Total 200-rupee intraday range and closed with loss. For intraday 27260 is resistance and 27050 is support zone. Keep buy near support strategy.
Mcx silver future last closed at 38725 with gain of 3 rupees. In intraday mcx, silver future made high at 38899 while low was at 38460. Total 400-rupee intraday range and closed with gain. Keep buy on dips view for intraday with stop loss below 38,200.
Mcx aluminium future is last closed at 120.75 with loss. In intraday aluminium future hit high around 121.45 while low was below 120.3. Above 120, expect bounce back up to 122-123.
Mcx copper future last closed at 410.7 with gain. In intraday copper future made high at 411 while low was at 406. Total 5-rupee range and closed with gain. For short term above 398, keep buy on dips view for target 418+.
Mcx lead future last closed at 124.6 with gain. In intraday mcx, lead future made high around 125 while low was near 123.3. Total 2-rupee range and closed with gain. Here buy near 122-123 with stop loss for recovery rally.
Mcx nickel future last closed at 1042 with loss. Nickel future in intraday-recorded high around 1048 while low was around 1018. Total 30-rupee intraday range and closed with gain. Here 1020 is strong support and above it keeps long view for short terms.
Mcx zinc future last closed at 136.8 with gain. In intraday zinc, future made high around 138 while low was near 135. Total almost 3-rupee range and closed with gain. Here 135 is strong support on downside.
Mcx crude oil future last closed at 3641 with loss. In intraday crude future made high around 3800 while low was at 3600. Total 200-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 236.4 with gain. In intraday ng future hit high around 237 while low was around 228. Total 9-rupee intraday range was seen and recovery rally. Here 225-228 is best buy zone for very near terms. 220 will remain as stop loss for long positions.