MCX Gold June: Rise above 15095/15110 could indicate strength for a test of 15225/15258 or even higher. Important support is in the 14850/14880 region. Direct fall below 14850 to indicate weakness again. S1: 14970 S2: 14885 R1: 15225 R2: 15305
MCX Silver May: Supports are at 21550/21635 levels. Favored view expects supports to hold for a test of 22395 or even higher.Fall below 21365 could indicate weakness. S1: 21640 S2: 21365 R1: 22225 R2: 22750
MCX Copper April: Supports are at 201 levels now. As long as crucial support at 196 remains undisturbed we expect the bullishness to continue and rally higher towards 217/218 levels.S1: 201 S2: 196 R1: 210 R2: 218
MCX Crude Oil April : Resistance at 2495 or max 2525 could cap for formation of a downturn. Next decline could aim for 2357 or even 2290.Rise above 2510 would hint that we might get the decline. Instead price could start recovering towards 2535 or 2560, further lessening the bearishness.S1: 2450 S2: 2400 R1: 2525 R2: 2560
MCX Zinc April: Supports are now at 66.5 and 65.65.Prices are likely to hold this support levels and move towards 68.0.Direct fall below 65.6 to negate our bullish view.S1: 66.5 S2: 64.9 R1: 67.4 R2: 68.35
CX Nickel April: Prices closed at 502 levels above the resistance level of 498. This indicates prices may move up at 509 or even further at 515 levels.Direct fall below 498 may negate our bullish view.S1: 498 S2: 492 R1: 509 R2: 515
mcx gold trading stratergy:The trend is down but a short-covering is likely to be witnessed.
Ideally, cover short positions at market price and on dips to Rs. 15050 – Rs. 14951 as the opportunity arises.
Sell on fall below Rs. 14937.
As the trend is down, to minimize risk, intra-day traders can wait for a rise above Rs. 15164 and when it falls below Rs. 15164 then sell with whatever high registered above Rs. 15164 as a stop loss. Subsequently, book profits at Rs. 15050 – Rs. 14951 range or below
mcx silver trading stratergy:The trend is down but a short-covering is likely to be witnessed.
Ideally, cover short positions at market price and on dips to Rs. 21749 – Rs. 21356 as the opportunity arises.
Sell on fall below Rs. 21250.
As the trend is down, to minimize risk, intra-day traders can wait for a rise above Rs. 22247 and when it falls below Rs. 22247 then sell with whatever high registered above Rs. 22247 as a stop loss. Subsequently, book profits at Rs. 21749 – Rs. 21356 range or below.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment