mcx trading strategy for 8 may 2014

mcx trading strategy for 8 may 2014

mcx trading strategy for 8 may 2014

MCX Bullion Intraday tips

MCX GOLD June expiry future last closed at 28,515 with loss. In intraday mcx gold future’s high was at 29,036 while low was at 28,505. Total 550-rupee intraday range and closed with loss. Gold below 28,800 remains bearish for target 28,500 to 28,300.

MCX SILVER Jul expiry future last closed at 41,948 with loss. In intraday mcx silver future’s high was at 42,870 while low was at 41,870. Total almost 1000-rupee intraday range and closed with loss. Investors must Watch 40k supports on downside.

 

MCX metal Intraday tips

MCX ALUMINIUM May expiry future last closed at 104.4 with loss. In intraday mcx aluminium, future hit high at 106 while low was at 104. Total 2-rupee intraday range and closed with loss. Expect short covering ahead so stay long with stop loss.

MCX COPPER Jun expiry future last closed at 405.4 with loss. In intraday mcx, copper future made high at 410 while low was at 404. Total 6-rupee intraday range and closed with loss. Above 400 rupee, keep buy on dips view.

MCX LEAD May expiry future last closed at 124.5 with loss. In intraday mcx lead future’s high was at 127 while low was at 124. Total 3-rupee intraday range and closed with loss. Watch 123-122 support zone on downside.

MCX NICKEL May expiry future last closed at 1122 with gain. In intraday mcx nickel future’s high was at 1124 while low was at 1114. Total 10-rupee intraday range and closed with gain. Below 1140, keep sell on rise view.

MCX ZINC May expiry future last closed at 121.85 with loss. In intraday mcx zinc, future hit high at 124 while low was at 122. Total 2-rupee intraday range and closed with loss. Expect short covering near 121 levels.

 

MCX Energy Intraday tips

MCX CRUDEOIL May expiry future last closed at 6036 with gain. In intraday mcx crude oil, future hit high at 6060 while low was at 6000. Total almost 60 rupee intraday and closed with gain. Traders below 6080 keep bearish view for deep downside.

MCX NATURALGAS May expiry future last closed at 284.5 with loss. In intraday mcx natural gas, future made high at 291 while low was at 283. Total 8-rupee intraday range and closed with loss. Traders now expect correction up to 282-278.

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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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