Mcx trading tips 23 October 2013
mcx bullion commodity forecast
mcx gold future last closed at 30095 with gains of 339 points.today mcx gold future made high at 30163 while low was at 29630.total 550 points intraday range and almost achieved our given targets.here trend now bullish and expect 303450-30600 as intraday targets for tomorrow.
mcx silver future last closed at 49840 with gains of 662 rupees.in intraday mcx silver future made high at 49990 while low was at 48550.total almost 1400 points intraday rally and achieved 50k target also.now next target will be 51200.
mcx metal commodity forecast
mcx aluminium future last closed at 112.3 with gains of 35 paise.in intraday mcx aluminium future made high at 113.6 while low was at 112.05.total 1.5 rupee intraday range and closed with gains.here still expect upside targets of 114-115.
mcx copper future last closed at 454.15 with gains of 1 rupee.in intraday mcx copper future made high at 457.25 while low was at 452.35.total 5 rupee intraday range and closed flat.here also keep long view for target 464+.
mcx lead future last closed at 133.55 with loss of 60 paise.in intraday mcx lead future made high at 135.15 while low was at 133.3.almost 2 rupee intraday range and closed in red.here also keep long view for target 135-138 on upside.
mcx nickel future last closed at 903.7 with gains of 14.6 rupees.in intraday mcx nickel future made high at 908.9 while low was near 889.total 20 rupee intraday range and closed with gains.here expect 925 as upside target.
mcx zinc future last closed at 118.4 with gains of 40 paise.in intraday mcx zinc future made high at 119.3 while low was at 118.total 1.3 rupee intraday range and closed with gains.here keep long view for target 120-122.
mcx energy commodity forecast
mcx crude oil future last closed at 6058 with loss of 119 rupee.in intraday mcx crude oil future made high at 6184 while low was at 6047.total almost 150 rupee range and closed in red as expected.here 6000 remain as downside target.
mcx natural gas future last closed at 220.2 with loss of 9.3 rupees.in intraday mcx ng future made high at 228.8 while low was at 219.6.total 9 rupee intraday range and closed in red.here may show deep downside upto 198.