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DAILY PREDICTION

MCX Tips for – Friday, June 09, 2017

Gold (29131): Gold Future has entered into negative zone and traders can hold short positions until Gold Future closes above 29514 levels. Traders can initiate short positions on every rise until Gold Future closes above 29514 levels.

Silver (40050):  Silver has entered into negative zone and traders can go short at every rise or hold short positions until Silver closes above 40756  levels.

Crude (2945): 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 3038 levels.

Natural Gas (196.20): NG Future is trading into negative zone. Traders can hold short positions and can initiate short positions at every rise until NG Future closes above 200.10 levels.

Copper (370.85): Copper has entered into positive zone. Traders can hold Copper Future long positions or can initiate fresh long at every dip until it closes below 361.20.

Zinc (158.40): 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 160.75 levels.

Lead (134.10): 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 135.55 levels.

Nickel (567.90):  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 580.00 levels.

Aluminium (122.10):  Aluminium is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 123.55 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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