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DAILY PREDICTION

MCX Tips for – Thursday, March 23, 2017

Gold (28885): Gold Future is trading into positive zone and traders can hold long positions until Gold Future closes below 28618 levels. Traders can initiate long positions on every dip until Gold Future closes below 28618 levels.

Silver (41233):  Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 40733 levels. Traders can go short once Silver Future closes below 40733 levels.

Crude (3164): Crude is trading into negative zone. Traders should initiate short positions on every rise. For now traders can hold short position until Crude future closes above 3216 levels.

Natural Gas (198.20): NG Future is trading into positive zone. Traders can hold long positions and can initiate long positions at every negative rally until NG Future closes below 194.25 levels. Traders can go short if Natural Gas Future closes below 194.25 levels.

Copper (381.90): 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 385.55.

Zinc (186.65): Zinc is trading into positive zone. Traders can hold long position or can initiate long position on every dip until Zinc is trading below 183.30 levels. Traders can go short only it Zinc closes below 183.30 levels.

Lead (154.75): Lead is trading into positive zone. Lead Future would enter into negative zone once it closes below 147.20 levels. Traders can hold long positions or can initiate fresh long position on every dip until Lead is trading above 147.20 levels.

Nickel (658.40):  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 669.50 levels.

Aluminium (125.40):  Aluminium is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 123.25 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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