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DAILY PREDICTION

MCX Tips for – Monday, March 20, 2017

Gold (28509): Gold Future is trading into positive zone and traders can hold long positions until Gold Future closes below 28220 levels. Traders can initiate long positions on every dip until Gold Future closes below 28220 levels.

Silver (40909):  Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 40270 levels. Traders can go short once Silver Future closes below 40270 levels.

Crude (3196): 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 3259 levels.

Natural Gas (193.30): NG Future is trading into negative zone. Traders can hold short positions and can initiate short positions at every positive rally until NG Future closes above 197.80 levels. Traders can go long if Natural Gas Future closes above 197.80 levels.

Copper (390.75): Copper has entered into positive zone. Traders can hold Copper Future long positions or can initiate fresh long at every dip until it closes below 382.80.

Zinc (188.40): Zinc is trading into positive zone. Traders can hold long position or can initiate long position on every dip until Zinc is trading below 182.20 levels. Traders can go short only it Zinc closes below 182.20 levels.

Lead (150.00): Lead has entered into positive zone. Lead Future would enter into negative zone once it closes below 144.95 levels. Traders can hold long positions or can initiate fresh long position on every dip until Lead is trading above 144.95 levels.

Nickel (671.90):  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 687.40 levels.

Aluminium (124.90):  Aluminium has entered into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 122.30 levels, below which fresh short 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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