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DAILY PREDICTION

MCX Tips for – Friday, March 17, 2017

Gold (28411): Gold Future has entered into positive zone and traders can hold long positions until Gold Future closes below 28178 levels. Traders can initiate long positions on every dip until Gold Future closes below 28178 levels.

Silver (40598):  Silver has entered into positive zone and traders can go long at every dip or hold long positions until Silver closes below 40270 levels. Traders can go short once Silver Future closes below 40270 levels.

Crude (3192): 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 (192.00): 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 199.05 levels. Traders can go long if Natural Gas Future closes above 199.05 levels.

Copper (387.75): 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 (184.35): Zinc is trading into positive zone. Traders can hold long position or can initiate long position on every dip until Zinc is trading below 180.80 levels. Traders can go short only it Zinc closes below 180.80 levels.

Lead (146.55): Lead is trading into negative zone. Lead Future would enter into positive zone once it closes above 149.60 levels. Traders can hold short positions or can initiate fresh short position on every rise until Lead is trading below 149.60 levels.

Nickel (666.70):  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 (123.85):  Aluminium is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 124.65 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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