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DAILY PREDICTION

MCX Tips for – October 16, 2017

Gold (29851): Gold is trading into positive zone and traders can hold long positions until Gold closes below 29618 levels. Traders can initiate long positions on every dip until Gold closes below 29618 levels.

Silver (40399):  Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 39869  levels.

Crude (3310): Crude is trading into positive zone. Traders should initiate long positions on every dip. For now traders can hold long position until Crude future closes below 3257 levels.

Natural Gas (195.20): NG Future is trading into positive zone. Traders can hold long positions and can initiate long positions at every dip until NG Future closes below 190.50 levels.

Copper (447.95): Copper is trading into positive zone. Traders can hold Copper Future long positions or can initiate fresh long at every dip until it closes  below 442.65.

Zinc (212.15): Zinc is trading into positive zone. Traders can hold long position or can initiate fresh long position on every dip until Zinc is trading above 211.40 levels.

Lead (163.80): Lead has entered into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Lead is trading below 169.15 levels.

Nickel (756.20):  Nickel is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Nickel future closes below 728.55 levels.

Aluminium (137.50):  Aluminium is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 140.30 levels.

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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