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DAILY PREDICTION

MCX Tips for – Monday, May 08, 2017

Gold (28072): Gold Future is trading into negative zone and traders can hold short positions until Gold Future closes above 28371 levels. Traders can initiate short positions on every rise until Gold Future closes above 28371 levels.

Silver (38305):  Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 38506  levels.

Crude (2969): 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 3015 levels.

Natural Gas (210.20): NG Future is trading into positive zone. Traders can hold long positions and can initiate long positions at every dip until NG Future closes below 204.15 levels.

Copper (361.45): 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 366.50.

Zinc (166.70): Zinc is trading into negative zone. Traders can hold short position or can initiate fresh short position on every rise until Zinc is trading below 167.35 levels.

Lead (140.45): Lead is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Lead is trading below 143.05 levels.

Nickel (589.70):  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 595.95 levels.

Aluminium (122.05):  Aluminium is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 124.10 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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