MCX trading tips for 16 sep 2014

MCX trading tips for 16 sep 2014

MCX Bullion Intraday tips

MCX GOLD Oct. expiry future last closed at 27,008 with loss. In intraday mcx gold future’s high was at 27,117 while low was at 26,911. Total 200-rupee intraday range and closed with gain. Above 26,800, keep long view for near terms.

MCX SILVER Dec. expiry future last closed at 41,397 with gain. In intraday mcx silver future’s high was at 41,575 while low was at 41,213. Total almost 300-rupee intraday range and closed with gain. Long-term investors must hop and use this fall as investing opportunities.

MCX metal Intraday tips

MCX ALUMINIUM Sep. expiry future last closed at 120.65 with loss. In intraday mcx aluminium, future hit high at 122.5 while low was at 120.15. Total 2-rupee intraday range and closed with loss. For intraday traders watch 118-support zone.

MCX COPPER Nov. expiry future last closed at 422.25 with loss. In intraday mcx, copper future made high at 423 while low was at 418. Total 5-rupee intraday range and closed with loss. Stay long with stop loss below 417.

MCX LEAD Sep. expiry future last closed at 128.3 with loss. In intraday mcx lead future’s high was at 129 while low was at 127.85. Total 2-rupee intraday range and closed with loss. Below 128, expect downside target 125.

MCX NICKEL Sep. expiry future last closed at 1106 with loss. In intraday mcx nickel future’s high was at 1125 while low was at 1103. Total 22-rupee intraday range and closed with loss. Stay short with stop loss 1118.

MCX ZINC Sep. expiry future last closed at 137.85 with loss. In intraday mcx zinc, future hit high at 139.25 while low was at 137.5. Total 2-rupee intraday range and closed with loss. Below 138, stay short for the day.

MCX Energy Intraday tips

MCX CRUDEOIL Sep expiry future last closed at 5668 with loss. In intraday mcx crude oil, future hit high at 5675 while low was at 5566. Total almost 110-rupee intraday range and closed with loss. Above 5550 keep buy and accumulate view.

MCX NATURALGAS Sep expiry future last closed at 240.3 with gain. In intraday mcx natural gas, future made high at 242 while low was at 236. Total 6-rupee intraday range and closed with gain. Long-term investors must buy in 225 to 232 zones.

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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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