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DAILY PREDICTION

MCX Tips for – Monday, March 06, 2017

Gold (29020): Gold Future is trading in negative zone and traders can hold short positions until Gold Future closes above 29317 levels. Traders can initiate short positions on every rise until Gold Future closes above 29317 levels.

Silver (42942):  Silver has entered in negative zone and traders can short at every rise or hold short positions until Silver closes above 43173 levels. Traders can go long once Silver Future closes above 43173 levels.

Crude (3556): 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 3607 levels.

Natural Gas (187.10): 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 179.70 levels. Traders can go short if Natural Gas Future closes below 179.70 levels.

Copper (398.50): 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 397.80.

Zinc (185.85): Zinc is trading into negative zone. Traders can hold short position or can initiate short position on every rise until Zinc is trading below 190.30 levels. Traders can go long only it Zinc closes above 190.30 levels.

Lead (150.55): Lead is trading into positive zone. Lead Future would enter into negative zone once it closes below 149.75 levels. Traders can hold long positions or can initiate fresh long position on every dip until Lead is trading above 149.75 levels.

Nickel (735.70):  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 745.25 levels.

Aluminium (126.15):  Aluminium has entered into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 129.10 levels, above which fresh long 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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