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DAILY PREDICTION

MCX Tips for – Wednesday, March 15, 2017

Gold (28076): Gold Future is trading in negative zone and traders can hold short positions until Gold Future closes above 28400 levels. Traders can initiate short positions on every rise until Gold Future closes above 28400 levels.

Silver (40083):  Silver is trading into negative zone and traders can short at every rise or hold short positions until Silver closes above 40876 levels. Traders can go long once Silver Future closes above 40876 levels.

Crude (3136): 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 3259 levels.

Natural Gas (194): NG Future has entered into negative zone. Traders can hold short positions and can initiate short positions at every positive rally until NG Future closes above 204.95 levels. Traders can go long if Natural Gas Future closes above 204.95 levels.

Copper (385.50): 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 (180.30): 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 (146.35): Lead is trading into negative zone. Lead Future would enter into positive zone once it closes above 150.95 levels. Traders can hold short positions or can initiate fresh short position on every rise until Lead is trading below 150.95 levels.

Nickel (672.80):  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 (122.30):  Aluminium is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 125.10 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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