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DAILY PREDICTION

MCX Tips for – Friday, January 20, 2017

EquityPandit

Gold (28528): Gold entered into negative zone. EquityPandit predicted that it would enter into negative zone if it closes below 28532.  EquityPandit also suggested traders to go short in Gold below 28532 levels. It saw lows at 28460 and closed just below our levels at 28528. Now traders can initiate short positions with strict stoploss of 28790 on closing basis.

Silver (41270): Silver is consolidating as of now and traders can go short once it closes below 41173.

Crude (3502): Crude is in negative trend. Crude will see reversal at 3597 closing levels. Traders can continue with short positions as of now with strict stoploss of 3597 on closing basis. Traders can go long above 3597 closing levels.

Natural Gas (230.5): NG is still in negative zone. NG will see reversal at 237.17 closing levels. Traders can continue with short positions until it closes below 237.17. Traders can go long above 237.17 on closing basis

Copper (392.85): Copper is currently 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 (187.1): 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 (155.8): 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 (673.2): Nickel has entered into negative zone yesterday. EquityPandit predicxted that traders can go short below 681.6 levels. Nickel closed below 681.6 levels and made low of 672 levels. Traders can continue with short positions in Nickel as of now.

Aluminium (124.3): Aluminium is currently in positive trend and would enter into negative zone once it closes below 122.04 levels. Traders can go short only if Aluminium closes below 122.04 levels, until then hold long positions or buy at dips.

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