commodities intraday levels for 9 Jan 2015
Mcx gold future last closed at 26854 with loss. In intraday gold hit high at 27125 while low was at 26773. Total 400-rupee intraday range and closed with loss. Here 26500 is strong support and 27900 is strong resistance. Stay short on silver future with stop loss.
Mcx silver future last closed at 37060 with loss. In intraday mcx, silver future made high at 37613 while low was at 36947. Total 700-rupee intraday range and closed with loss. For intraday, silver will have 36600 as support and 37800 as resistance. Expect another downside for silver prices on stronger rupee.
Mcx aluminium future is last closed at 113.7 with gain. In intraday aluminium future hit high around 113.8 while low was below 111.35. For intraday, aluminium future will have support around 110 and resistance at 114. Expect another downside move.
Mcx copper future last closed at 385.7 with loss. In intraday copper future made high at 389 while low was at 384. Total 5-rupee range and closed with loss. For the day 390 is strong resistance and on downside, 376 is support zones. Stay short with strict stop loss in place.
Mcx lead future last closed at 115.9 with loss. In intraday mcx, lead future made high around 117.2 while low was near 115.65. Total 2-rupee range and closed with loss. For intraday, mcx lead future has support around 115 and resistance at 117. Stay short with stop loss 117.
Mcx nickel future last closed at 972.3 with loss. Nickel future in intraday-recorded high around 981 while low was around 955. Total 26-rupee intraday range and closed with loss. Here 950 is strong support and above it keeps long view for short terms.
Mcx zinc future last closed at 134.75 with loss. In intraday zinc, future made high around 135.6 while low was near 133.35. Total almost 2-rupee range and closed with loss. Mcx zinc future will have intraday support at 133 and strong resistances at 136. Stay short with stop loss.
Mcx crude oil future last closed at 3054 with loss. In intraday crude future made high around 3120 while low was at 3035. Total 85-rupee intraday range was seen and closed with loss. Mcx crude future has intraday support at 3000 and strong resistance at 3120. Stay short with stop loss.
Mcx natural gas future last closed at 183.3 with loss. In intraday ng future hit high around 185 while low was around 177. Total 8-rupee intraday range was seen and closed with loss. For medium to long-term view keep buy and accumulate view.