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MCX Tips for – February 01, 2018

Gold (30117): Gold is trading into negative zone and traders can hold short positions until Gold closes above 30290 levels. Traders can initiate short positions on every rise until Gold closes above 30290 levels.

Silver (39319):  Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 39800  levels.

Crude (4112): 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 4172 levels.

Natural Gas (190.50): 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 210.35 levels.

Copper (450.90): 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 446.35.

Zinc (228.60): Zinc is trading into positive zone. Traders can hold long position or can initiate fresh long position on every dip until Zinc closes below 224.75  levels.

Lead (167.10): Lead is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Lead closes below 164.15 levels.

Nickel (863.10):  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 882.70 levels.

Aluminium (141.65):  Aluminium is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 140.90 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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