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DAILY PREDICTION

MCX Tips for – Thursday, June 01, 2017

Gold (28843): Gold Future is trading into positive zone and traders can hold long positions until Gold Future closes below 28597 levels. Traders can initiate long positions on every dip until Gold Future closes below 28624 levels.

Silver (40096):  Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 39745  levels.

Crude (3127): Crude has entered into negative zone. Traders should initiate short positions on every rise. For now traders can hold short position until Crude future closes above 3232 levels.

Natural Gas (198.60): NG Future is trading into negative zone. Traders can hold short positions and can initiate short positions at every rise until NG Future closes above 207.80 levels.

Copper (368.75): 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 366.35.

Zinc (167.60): Zinc has entered into negative zone. Traders can hold short position or can initiate fresh short position on every rise until Zinc is trading below 170.30 levels.

Lead (136.55): Lead has entered into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Lead is trading above 135.10 levels.

Nickel (579.70):  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 590.10 levels.

Aluminium (124.30):  Aluminium is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 124.90 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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