MCX strategy for 3 June 2014

MCX strategy for 3 June 2014

MCX strategy for 3 June 2014

MCX Bullion Intraday tips

MCX GOLD June expiry future last closed at 26,720 with loss. In intraday mcx gold future’s high was at 26,939 while low was at 26,655. Total 300-rupee intraday range and closed with loss. Expect downside of 300-400 rupees in intraday.

MCX SILVER Jul expiry future last closed at 39,574 with loss. In intraday mcx silver future’s high was at 39,860 while low was at 39,465. Total almost 400-rupee intraday range and closed with loss. Expect sharp short covering ahead so follow buy and accumulate view.

 

MCX metal Intraday tips

MCX ALUMINIUM Jun expiry future last closed at 108.9 with gain. In intraday mcx aluminium, future hit high at 109.3 while low was at 108.15. Total 1-rupee intraday range and closed with gain. Now 107-108 is major support area from medium term view.

MCX COPPER Jun expiry future last closed at 415.7 with gain. In intraday mcx, copper future made high at 417 while low was at 411. Total 6-rupee intraday range and closed with gain. Above 410 rupee, keep buy on dips view.

MCX LEAD Jun expiry future last closed at 125.4 with gain. In intraday mcx lead future’s high was at 125.65 while low was at 123.65. Total 2-rupee intraday range and closed with gain. Above 123, follow buy on dips view.

MCX NICKEL Jun expiry future last closed at 1152 with gain. In intraday mcx nickel future’s high was at 1160 while low was at 1144. Total 16-rupee intraday range and closed with gain. Above 1140, keep long view for target 1180-1200 in intraday.

MCX ZINC Jun expiry future last closed at 123.85 with gain. In intraday mcx zinc, future hit high at 124 while low was at 121.7. Total 2-rupee intraday range and closed with gain. Above 121, follow buy and accumulate view for short terms.

 

MCX Energy Intraday tips

MCX CRUDEOIL June expiry future last closed at 6061 with loss. In intraday mcx crude oil, future hit high at 6133 while low was at 6059. Total almost 70-rupee intraday range and closed with loss. Traders below 6120 keep short view for intraday.

MCX NATURALGAS June expiry future last closed at 273.5 with gain. In intraday mcx natural gas, future made high at 274 while low was at 268. Total 6-rupee intraday range and closed with gain. Traders stay long for target 285-290 rupees in short terms.

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The Author

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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