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DAILY PREDICTION

MCX Tips for – Tuesday, March 14, 2017

Gold (28251): Gold Future is trading in negative zone and traders can hold short positions until Gold Future closes above 28556 levels. Traders can initiate short positions on every rise until Gold Future closes above 28556 levels.

Silver (40418):  Silver is trading into negative zone and traders can short at every rise or hold short positions until Silver closes above 41152 levels. Traders can go long once Silver Future closes above 41152 levels.

Crude (3203): 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 3290 levels.

Natural Gas (202): NG Future is trading into positive zone. Traders can hold long positions and can initiate long positions at every negative rally until NG Future closes below 195.70 levels. Traders can go short if Natural Gas Future closes below 195.70 levels.

Copper (385.45): Copper is trading into negative zone. Traders can hold Copper Future short positions or can initiate fresh short at every rise until it closes above 388.60.

Zinc (181.20): Zinc is trading into negative zone. Traders can hold short position or can initiate short position on every rise until Zinc is trading below 182.05 levels. Traders can go long only it Zinc closes above 182.05 levels.

Lead (150.00): Lead is trading into negative zone. Lead Future would enter into positive zone once it closes above 151.45 levels. Traders can hold short positions or can initiate fresh short position on every rise until Lead is trading below 151.45 levels.

Nickel (675.40):  Nickel is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Nickel future closes above 687.40 levels.

Aluminium (123.90):  Aluminium is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 126.25 levels, above which fresh long position can be initiated.

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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