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DAILY PREDICTION

MCX Tips for – October 18, 2017

Gold (29598): Gold has entered into negative zone and traders can hold short positions until Gold closes above 29874 levels. Traders can initiate short positions on every rise until Gold closes above 29874 levels.

Silver (39769):  Silver has entered into negative zone and traders can go short at every rise or hold short positions until Silver closes above 40448  levels.

Crude (3353): Crude is trading into positive zone. Traders should initiate long positions on every dip. For now traders can hold long position until Crude future closes below 3286 levels.

Natural Gas (192.90): 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 190.50 levels.

Copper (459.00): 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 453.75.

Zinc (201.00): 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 209.10 levels.

Lead (161.45): 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 166.70 levels.

Nickel (761.50):  Nickel is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Nickel future closes below 742.55 levels.

Aluminium (137.95):  Aluminium is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 139.60 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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