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DAILY PREDICTION

MCX Tips for – Thursday, April 20, 2017

Gold (29305): Gold Future is trading into positive zone and traders can hold long positions until Gold Future closes below 29177 levels. Traders can initiate long positions on every dip until Gold Future closes below 29177 levels.

Silver (41898):  Silver has entered into negative zone and traders can go short at every dip or hold short positions until Silver closes above 42497 levels.

Crude (3256): 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 3381 levels.

Natural Gas (207.50): NG Future is trading into negative zone. Traders can hold short positions and can initiate short positions at every positive rally until NG Future closes above 208.80 levels.

Copper (361.25): 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 368.55.

Zinc (165.40): Zinc is trading into negative zone. Traders can hold short position or can initiate fresh short position on every rise until Zinc is trading below 168.30 levels.

Lead (139.80): Lead is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Lead is trading below 141.90 levels.

Nickel (607.60):  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 624.15 levels.

Aluminium (123.15):  Aluminium is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 124.45 levels.

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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