Gold (28524): Gold entered into positive zone. EquityPandit predicted that traders can initiate fresh long positions if Gold future breaches 28470.22 levels and exactly same happened. Gold Future moved sharply positive and closed above those levels. Traders can go long in Gold Future until it closes below 28212 levels.
Silver (414372): Analysis would remain same. Silver is still consolidating and traders can go short once it closes below 41173. Traders can initiate fresh long position once silver future closes above 41684.
Crude (3581): Crude is still in positive trend but would enter into negative zone once it closes below 3561.3 levels. Traders should initiate fresh short positions once it closes below 3561.3 levels. For now traders can hold long position until Crude future closes below 3561.3 levels.
Natural Gas (220.4): NG Future is still in positive zone. Traders can hold long positions until NG Future closes below 218 levels. Traders can initiate fresh short once it closes below 218 levels.
Copper (398): Copper has entered into negative zone. EquityPandit suggested traders to go short once Copper future closes below 399.58 levels. Now traders can hold short positions in Copper Future until it closes above 407.14 levels.
Zinc (188.9): Analysis would remain same. Zinc is still in positive trend and would enter into negative zone once it closes below 186.18 levels. Traders can go short only if Zinc closes below 186.18 levels, until then hold long positions.
Lead (160.45): Lead is still in negative zone. Lead Future would enter into positive zone once it closes above 162.04 levels. Traders can initiate fresh long positions only if Lead future closes above 162.04. Until then hold short positions.
Nickel (656.9): Analysis would remain same. Nickel is still in negative trend. Nickel Future would enter into positive trend once it closes above 664.76 levels. Traders can initiate fresh long positions if Nickel Future closes above 664.76 levels. Until then hold short positions.
Aluminium (122.2): Aluminium is still in negative zone. EquityPandit predicted that traders can continue to hold short in Aluminium Future and exactly same happened. Aluminium Future fell down sharply. Traders can hold short positions until Aluminium closes above 125.58 levels, above which fresh long can be taken.
PS: MCX Predictions are for swing traders or Positions traders and not for intraday traders. Intraday traders should trade with proper stoplosses or Join EquityPandit’s MCX Services for good profits.
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