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DAILY PREDICTION

MCX Tips for – Thursday, January 19, 2017

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Gold (28791): Gold is currently in positive trend. It would see reversal once it closes below 28532. Initiate short positions only if Gold Future closes below 28532 levels, until then hold long positions.

Silver (41997): Silver is currently in positive trend. It would see reversal once it closes below 41173. Initiate short positions only if Silver Future closes below 41173 levels, until then hold long positions.

Crude (3500): Crude has entered into negative trend yesterday. Crude will see reversal at 3622 closing levels. Traders can continue with short positions as of now with strict stoploss of 3622 on closing basis.

Natural Gas (225.5): NG has entered into negative trend yesterday. NG will see reversal at 238.54 closing levels. Traders can continue with short positions as of now with strict stoploss of 238.54 on closing basis.

Copper (393.95): Copper is currently in negative trend and would see reversal i.e would enter into positive trend once it closes above 401.3 levels. Traders should initiate long only if it closes above 401.3 levels, until then every positive movement is an opportunity to short in the market.

Zinc (188.35): Zinc is currently in positive trend and would enter into negative zone once it closes below 182.7 levels. Traders can go short only if Zinc closes below 182.7 levels, until then hold long positions.

Lead (156.5): Lead is currently in positive trend and would enter into negative zone once it closes below 151.2 levels. Traders can go short only if Lead closes below 151.2 levels, until then hold long positions.

Nickel (693.1): Nickel is currently in positive trend and would enter into negative zone once it closes below 681.6 levels. Traders can go short only if Nickel closes below 681.6 levels, until then hold long positions or buy at dips.

Aluminium (123.95): Aluminium is currently in positive trend and would enter into negative zone once it closes below 121.3 levels. Traders can go short only if Aluminium closes below 121.3 levels, until then hold long positions or buy at dips.

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