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DAILY PREDICTION

MCX Tips for – Tuesday, February 28, 2017

Gold (29710): Gold Future is trading into positive zone and traders can hold long positions until Gold Future closes below 29432 levels. Traders can initiate fresh long positions on every dip until Gold Future closes below 29432 levels.

Silver (43424):  Analysis would remain same. Silver is still in positive zone and traders can buy at dips or hold long positions until Silver closes below 43034 levels. Traders can go short once Silver Future closes below 43034 levels.

Crude (3623): 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 3668 levels.

Natural Gas (179.70): NG Future has entered into positive zone. Now traders can hold long positions and can initiate long positions at every negative rally until NG Future closes below 177.40 levels. Traders can go short if Natural Gas Future closes below 177.40 levels.

Copper (395.30): 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 400.30.

Zinc (187.50): Zinc is trading into negative zone. Traders can hold short position or can initiate short position on every rise until Zinc is trading below 192.00 levels. Traders can go long only it Zinc closes above 192.00 levels.

Lead (150.55): Analysis would remain same. Lead is still in negative zone. Lead Future would enter into positive zone once it closes above 153.55 levels. Traders can hold short positions or can initiate fresh short position on every rise until Lead is trading below 153.55 levels.

Nickel (734.10):  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 713.05 levels.

Aluminium (126.90):  Aluminium has entered into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 124.40 levels, above which fresh long 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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