mcx trading tips 9 oct 2013
bullion commodity forecast
mcx gold future last closed at 29634 with gains of 148 rupees.in intraday mcx gold future made high at 29750 while low was 29400.total 350 rupee intraday range and closed with gains.here below 29800 keep short view and sell near 29700 for target 29400-29200 on downside in intraday.
mcx silver future last closed at 50041 with gains of 411 rupees.in intraday mcx silver future made high at 50123 while low was near 49200.almost 100 rupee intraday range and continues to gain.here buy near 49k with stoploss below 48600 and expect target 50500 and above in intraday.
metal commodity forecast
mcx aluminium future last closed at 114 with gains of 1.25 rupees.in intraday mcx aluminium future made high at 114.75 while low was near 112.5.total 1.5 rupee intraday range and closed near highs.here buy near 113 with stoploss below 112 and expect target 115+ on upside.
mcx copper future last closed at 456.8 with gains of 2.6 rupees.in intraday mcx copper future made high near 459 while low was near 453.total 6 rupee intraday range and closed with gains.here buy near 452 with stoploss below 448 and expect target 470-480 on upside.
mcx lead future last closed at 129.35 with gains of 2.55 rupees.in intraday mcx lead future made high at 130 while low was near 126.8.total 3 rupee intraday range and closed with gains.here expect levels of 131-132 on upside with stoploss at 128.
mcx nickel future last closed at 863 with gains of 4.7 rupee.in intraday mcx nickel future made high at 868 while low was at 858.total 10 rupee intraday rally and closed with gains.here expect upside levels of 880-890 with stoploss below 850.
mcx zinc future last closed at 116.05 with gains of 1.25 rupee.in intraday mcx zinc future made high at 117 while low was at 114.45.total 2.5 rupee intraday range and closed with gains.here expect 117-118 as target levels with stoploss below 115.
energy commodity forecast
mcx crude oil future last closed at 6446 with gains of 70 rupees.in intraday mcx crude oil future made high at 6467 while low was at 6355.total 105 rupee intraday range and closed with gains.here below 6480 keep sell view for target 6300-6250 on downside.
mcx natural gas future last closed at 232.4 with gains of almost 7 rupees.in intraday mcx natural gas future made high at 232.5 while low was at 225.total 7.5 rupee intraday range and closed with gains.here with stoploss of 228 expect upside target of 238-244.