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DAILY PREDICTION

MCX Tips for – Tuesday, May 02, 2017

Gold (28653): Gold Future is trading into negative zone and traders can hold short positions until Gold Future closes above 28992 levels. Traders can initiate short positions on every rise until Gold Future closes above 28992 levels.

Silver (38685):  Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 39620  levels.

Crude (3142): 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 3223 levels.

Natural Gas (206.60): 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 204.15 levels.

Copper (380.55): 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 371.95.

Zinc (170.90): Zinc is trading into positive zone. Traders can hold long position or can initiate fresh long position on every dip until Zinc is trading above 166.40 levels.

Lead (146.55): Lead is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Lead is trading above 142.75 levels.

Nickel (617.60):  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 603.60 levels.

Aluminium (123.80):  Aluminium is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 125.15 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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