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DAILY PREDICTION

MCX Tips for – Thursday, February 23, 2017

Gold (29208): Gold Future is trading into positive zone and traders can hold long positions until Gold Future closes below 29132 levels. Traders can initiate fresh long positions on every dip until Gold Future closes below 29132 levels.

Silver (42713):  Analysis would remain same. Silver is still in positive zone and traders can buy at dips or hold long positions until Silver closes below 42405 levels. Traders can go short once Silver Future closes below 42405 levels.

Crude (3601): Crude has entered into negative zone. Traders should initiate short positions on every rise. For now traders can hold short position until Crude future closes above 3688 levels.

Natural Gas (174.90): Analysis would remain same. NG Future is still in negative zone. Now traders can hold short positions and short at every positive rally until NG Future closes above 180.10 levels. Traders can go long if Natural Gas Future closes above 180.10 levels.

Copper (403.65): Copper is trading into negative zone. Traders can hold Copper Future short positions or can initiate fresh short at every rise until it closes above 408.15.

Zinc (191.45): Zinc is trading into negative zone. Traders can hold short position or can initiate short position on every rise until Zinc is trading below 193.60 levels. Traders can go long only it Zinc closes above 193.60 levels.

Lead (152.50): Analysis would remain same. Lead is still in negative zone. Lead Future would enter into positive zone once it closes above 156.30 levels. Traders can hold short positions or can initiate fresh short position on every rise until Lead is trading below 156.30 levels.

Nickel (716.50):  Nickel is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Nickel future closes above 736.00 levels.

Aluminium (126.05):  Aluminium is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 125.10 levels, below which fresh short position can be initiated.

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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