Gold (28803): Gold has entered into positive zone. EquityPandit suggested traders to go long if Gold Future breaches 28790 levels. Now, traders can hold long positions in Gold Future and buy at dips until it holds 28570 on closing basis.

Silver (41692): Silver is still consolidating and traders can go short once it closes below 41173. Traders can initiate fresh long position once silver future closes above 41807.

Crude (3616): Crude is still in positive trend. It would enter into negative zone if it closes below 3541 levels. Traders should initiate short only if it closes below 3541 levels. For now traders can hold long position until Crude future closes below 3541 levels.

Natural Gas (220.2): NG is still in negative zone. Natural Gas Future would enter positive trend once it closes above 227.2 levels, where long can be initiated. Traders can continue to hold short positions until it closes above 227.2 levels.

Copper (398.25): Copper is still in negative trend and would see reversal i.e would enter into positive trend once it closes above 400.52 levels. Traders should initiate long only if it closes above 400.52 levels, until then hold short positions.

Zinc (189.65): Zinc is still in positive trend and would enter into negative zone once it closes below 185.2 levels. Traders can go short only if Zinc closes below 185.2 levels, until then hold long positions.

Lead (159.70): Analysis would remain same. Lead is still in positive trend and would enter into negative zone once it closes below 154 levels. Traders can go short only if Lead closes below 154 levels, until then hold long positions.

Nickel (664.6):  Nickel is still in negative trend. Traders should initiate long only above 690.5 levels until then every positive movement is a selling opportunity. EquityPandit recommended short at 688 levels.

Aluminium (126.1):  Aluminium is still in positive trend but would enter into negative trend once it closes below 124.43 levels. Traders can initiate short positions only if Aluminium future closes below 124.43 levels, until then hold long positions.

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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