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DAILY PREDICTION

MCX Tips for – December 12, 2017

Gold (28347): Gold is trading into negative zone and traders can hold short positions until Gold closes above 28660 levels. Traders can initiate short positions on every rise until Gold closes above 28660 levels.

Silver (36933):  Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 37505  levels.

Crude (3720): Crude has entered into positive zone. Traders should initiate long positions on every dip. For now traders can hold long position until Crude future closes below 3621 levels.

Natural Gas (182.70): NG Future is trading into negative zone. Traders can hold short positions and can initiate short positions at every rise until NG Future closes above 188.65 levels.

Copper (431.70): 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 436.00.

Zinc (201.50): Zinc is trading into negative zone. Traders can hold short position or can initiate fresh short position on every rise until Zinc closes above 204.10  levels.

Lead (161.10): Lead is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Lead closes above 161.30 levels.

Nickel (721.30):  Nickel has entered into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Nickel future closes below 691.15 levels.

Aluminium (129.95):  Aluminium is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 131.35 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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