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DAILY PREDICTION

MCX Tips for – Thursday, April 06, 2017

Gold (28675): Gold Future has entered into negative zone and traders can hold short positions until Gold Future closes above 28967 levels. Traders can initiate short positions on every rise until Gold Future closes above 28967 levels.

Silver (42258):  Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 42175 levels. Traders can go short once Silver Future closes below 42175 levels.

Crude (3332): 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 (213.10): 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 208.10 levels. Traders can go short if Natural Gas Future closes below 208.10 levels.

Copper (386.15): 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 375.60.

Zinc (180.20): 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 181.65 levels.

Lead (150.35): 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 152.80 levels.

Nickel (672.60):  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 649.20 levels.

Aluminium (127.50):  Aluminium is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 125.80 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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