Today is Union Budget, So traders should trade cautiously or after the Budget announcement is finished.

Gold (28942): EquityPandit predicted that Gold Future has entered into positive trend and traders can continue to hold long positions. Traders, who followed EquityPandit’s advice might have earned huge profits for the day. Gold Future is still in positive trend and traders can hold long positions until Gold Future closes below 28519.5 levels.

Silver (41911):  Silver has entered into positive zone. EquityPandit predicted that traders can go long in Silver once it closes above 41684 levels and exactly same happened. Silver moved sharply positive and closes above our reversal levels. Now traders can go long at every dip in Silver. Traders can hold long positions.

Crude (3614): Analysis would remain same. Crude is still in positive trend but would enter into negative zone once it closes below 3561.3 levels. Traders should initiate fresh short positions once it closes below 3561.3 levels. For now traders can hold long position until Crude future closes below 3561.3 levels.

Natural Gas (212.8): NG Future entered into negative zone. EquityPandit predicted that traders can go short once Natural Gas Future breaches 218 levels and exactly same happened. Natural Gas Future moved sharply negative. Now traders can hold short positions and short at every positive rally until NG Future closes above 224.36 levels.

Copper (406.1): Copper has entered into consolidation zone. Now Traders can go long in Copper Future if it closes above 407.14 levels and go short if Copper Future closes below 396.73 levels.

Zinc (193.1): Analysis would remain same. Zinc is still in positive trend and would enter into negative zone once it closes below 187.12 levels. Traders can go short only if Zinc closes below 187.12 levels, until then hold long positions.

Lead (159.65): Analysis would remain same. Lead is still in negative zone. Lead Future would enter into positive zone once it closes above 162.04 levels. Traders can initiate fresh long positions only if Lead future closes above 162.04. Until then hold short positions.

Nickel (670.3):  Nickel has entered into positive zone. EquityPandit predicted that traders can go long in Nickel if it closes above 664.76 levels and same happened. Now traders can hold long positions in Nickel or buy at every dip in Nickel.

Aluminium (123.4):  Analysis would remain same. Aluminium is still in negative zone. EquityPandit predicted that traders can continue to hold short in Aluminium Future and exactly same happened. Aluminium Future fell down sharply. Traders can hold short positions until Aluminium closes above 125.24 levels, above which fresh long can be taken.

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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