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DAILY PREDICTION

MCX Tips for – Monday, May 15, 2017

Gold (28005): Gold Future is trading into negative zone and traders can hold short positions until Gold Future closes above 28226 levels. Traders can initiate short positions on every rise until Gold Future closes above 28226 levels.

Silver (38115):  Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 38506  levels.

Crude (3066): Crude is trading into positive zone. Traders should initiate long positions on every dip. For now traders can hold long position until Crude future closes below 2995 levels.

Natural Gas (219.70): NG Future is trading into positive zone. Traders can hold long positions and can initiate long positions at every dip until NG Future closes below 211.50 levels.

Copper (359.80): 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 364.00.

Zinc (163.60): Zinc has entered into negative zone. Traders can hold short position or can initiate fresh short position on every rise until Zinc is trading below 169.10 levels.

Lead (136.30): 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 141.05 levels.

Nickel (599.20):  Nickel is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Nickel future closes below 585.20 levels.

Aluminium (121.20):  Aluminium is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 122.05 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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