Mcx gold future last closed at 26576 with loss. In intraday gold hit high at 26670 while low was at 26555. Total 120-rupee intraday range and closed with loss. Here 26500 is strong support and 26800 is strong resistance. Buy if sustain above 27.5k.
Mcx silver future last closed at 36449 with gain. In intraday mcx, silver future made high at 36599 while low was at 36319. Total 300-rupee intraday range and closed with gain. For intraday, silver will have 35800 as support and 37,200 as resistance. Expect rally if breaks 37200.
Mcx aluminium future is last closed at 117.2 with loss. In intraday aluminium future hit high around 118 while low was below 117. For intraday, aluminium future will have support around 116.5 and resistance at 118. Keep sell on rise view with strict stop loss.
Mcx copper future last closed at 404.3 with loss. In intraday copper future made high at 407 while low was at 403. Total 4-rupee range and closed with loss. For the day 407 is strong resistance and on downside, 402 and 398 are support zones. Follow buy and accumulate strategy with strict stop loss below 398.
Mcx lead future last closed at 117.75 with gain. In intraday mcx, lead future made high around 118 while low was near 117. Total 1-rupee range and closed with gain. For intraday, mcx lead future has support around 117 and resistance at 119. Stay long with stop loss below 116.
Mcx nickel future last closed at 961.6 with loss. Nickel future in intraday-recorded high around 988 while low was around 960. Total 18-rupee intraday range and closed with loss. Here 960 is strong support and above it keeps long view for short terms.
Mcx zinc future last closed at 137.1 with loss. In intraday zinc, future made high around 138 while low was near 136. Total almost 2-rupee range and closed with loss. Mcx zinc future will have intraday support at 135 and strong resistances at 138-139. Stay long with stop loss below 135.
Mcx crude oil future last closed at 3562 with loss. In intraday crude future made high around 3647 while low was at 3527. Total 130-rupee intraday range was seen and closed with loss. Mcx crude future has intraday support at 3500 and strong resistance at 3600. Watch 3480 support if breaks on closing basis then expect another sharp sell off.
Mcx natural gas future last closed at 193.3 with loss. In intraday ng future hit high around 202 while low was around 191. Total 11-rupee intraday range was seen and closed with loss as primary trend continues. For intraday 190 is support and 198 is resistance. Expect small bounce back.