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DAILY PREDICTION

MCX Tips for – Monday, January 23, 2017

EquityPandit

Gold (28625): Gold is still in negative zone. EquityPandit predicted that it would enter into positive zone only if it closes above 28790 levels. Gold remained below these levels and traders can hold short positions until it breaches levels of 28790 on closing basis. Initiate long positions only if it closes above 28790 levels.

Silver (41425): Silver is still consolidating and traders can go short once it closes below 41173. Traders can initiate fresh long position once silver future closes above 41807.

Crude (3638): Crude has entered positive trend. EquityPandit predicted that Traders can go long above 3597 closing levels of crude future. Now traders can hold long position until Crude future closes below 3541 levels.

Natural Gas (221.8): NG is still in negative zone. EquityPandit predicted that traders can hold short positions in NG Future. Traders can continue to hold short positions until it closes above 234 levels.

Copper (394.75): Analysis would remain same. Copper is still in negative trend and would see reversal i.e would enter into positive trend once it closes above 400.52 levels. Traders should initiate long only if it closes above 400.52 levels, until then hold short positions.

Zinc (187.05): Analysis would remain same. Zinc is still in positive trend and would enter into negative zone once it closes below 182.7 levels. Traders can go short only if Zinc closes below 182.7 levels, until then hold long positions.

Lead (157.15): Analysis would remain same. Lead is still in positive trend and would enter into negative zone once it closes below 151.2 levels. Traders can go short only if Lead closes below 151.2 levels, until then hold long positions.

Nickel (658.7): EquityPandit predicted that traders can go short in Nickel future below 681 levels and traders who followed EquityPandit suggestion might have earned whopping profits. Nickel future has seen sharp downfall in last trading session. It is still in negative trend until it closes above 691 levels. Traders should initiate long only above 691 levels until then every positive movement is a selling opportunity.

Aluminium (126): EquityPandit predicted that Aluminium is currently still in positive zone and traders can hold long positions. Traders who followed EquityPandit’s prediction might have earned huge profits for the day. Aluminium is still in positive trend and traders can go long at dips until Aluminium holds 122.7 on closing basis. Traders should initiate fresh short only below 122.7 levels until then go long at dips.

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