MCX Expert Tips

GOLD Mcx July : -
Existing sellng bias likely to continue to persist for the day, But we cannot guideline out the likelihood of an preliminary force towards 29530 area for a move reduced towards 29320/200 or even more. But crack above 29570 area could raise up costs towards 29670/730, which we least anticipate for the day.

SILVER Mcx Aug : -
Prices have been sailing in keep get away, which is likely to continue to persist towards 52500/52000 followed by 51700. Even in this tiresome perspective, surprising increase above 53800 area could obvious up our bearish perspective and discover level of resistance at 54100/54600 or even greater towards 55000.

COPPER Ncdex/Mcx/ Aug : -
As long as 422/423 area maintains support, anticipate a pullback towards 425.51 stages. If this area is breached a prospective focus on of 427 could be on cards. However, a drop past 422 could focus on 420/420.20.

NICKEL Mcx July : -
Costs could start a powerful pullback if continually business above 931 focusing on 937/943 stages. Otherwise, a pitfall originally towards 925 followed by 917 could be on cards.

LEAD Mcx July : -
Costs were in recovery function after it made a low of 102.30 stages on Wed, currently flying near 102 stages. These days, We predict to see a recovery, if prices crack above 102.10 stages and trying to see a focus on of 103 followed by 103.20 stages in the immediate run. But retaining above 103.20 is complicated as a result of the use of firm level of resistance is placed at that level. On the lower side, crack of 101 stages may induce a clean promoting pressure.

ZINC Mcx July : -
As we predicted last night, short protecting move was on advance. For the everyday period, we anticipate to see the same pattern to proceed until it gets to the 45 day EMA level of resistance of 103 stages. However, incapable to exceed above 104.1 may opposite the existing benefit strength and see costs to turn reduced towards 102.3 followed by 101.20 stages, which is less predicted for the day.

MCX SILVER July agreement was dealing at Rs 53101.00 up Rs 204.00, or 0.38%. The SILVER amount shifted an intraday great of Rs 53164.00 and an intraday low of Rs 52553.00. SILVER costs have shifted down Rs 16983.00, or 24.22% in the July series so far.

MCX SILVER Sept agreement was dealing at Rs 54400.00 up Rs 220.00, or 0.40%. The SILVER amount shifted an intraday great of Rs 54458.00 and an intraday low of Rs 53864.00. SILVER costs have shifted down Rs 5998.00, or 9.92% in the Sept sequence so far.

MCX SILVER Dec agreement was dealing at Rs 56051.00 up Rs 211.00, or 0.37%. The SILVER amount shifted an intraday great of Rs 56051.00 and an intraday low of Rs 55561.00. SILVER costs have shifted down Rs 6961.00, or 11.06% in the Dec sequence so far.

MCX GOLD Aug agreement was dealing at Rs 29996.00 up Rs 153.00, or 0.51%. The GOLD amount shifted an intraday great of Rs 30018.00 and an intraday low of Rs 29761.00. GOLD costs have shifted up Rs 236.00, or 0.81% in the Aug sequence so far.

MCX GOLD Oct agreement was dealing at Rs 30200.00 up Rs 142.00, or 0.47%. The GOLD amount shifted an intraday great of Rs 30311.00 and an intraday low of Rs 30076.00. GOLD costs have shifted up Rs 1351.00, or 4.65% in the Oct sequence so far.

MCX GOLD Dec agreement was dealing at Rs 30610.00 up Rs 131.00, or 0.43%. The GOLD amount shifted an intraday great of Rs 30610.00 and an intraday low of Rs 30371.00. GOLD costs have shifted up Rs 1300.00, or 4.42% in the Dec sequence so far.

MCX GOLD : -
International: Major Support at USD1550. Bullish till USD1600.
Domestic: Buy above 30010, Stop loss 29940, Target 30110.

MCX SILVER : -
International: Major Support at USD25. Bullish above USD27.
Domestic: Buy above 54240, Stop loss 54100, Target 54380.

MCX COPPER : -
International: Major Resisatnce at LME 9610. Bullish till LME 8400.
Domestic: Buy at 410, Stop loss 408, Target 413.

MCX NICKEL : -
International: Bullish above 17,200.
Domestic: Buy above 890, Stop loss 880, Target 905.

MCX CRUDE OIL : -
International: Major Support for WTI at USD77. Bullish above USD 91.
Domestic: Buy at 4700, Stop loss 4670, Target 4770.

MCX NATURAL GAS : -
Domestic: Buy above 133, stop loss 130, target 136-137.

MCX ZINC : -
Domestic: Buy above 104, stop loss 104.40, target 105.50-105.70

MCX LEAD : -
Domestic: Buy at 106.18, stop loss 105.20, target 107.10.

In the the other day, MCX May silver costs started out the weeks time at Rs 28,684/10 gm, at first exchanged slightly lower and found strong support at Rs 28,621/10 gm. Later, costs shifted back and moved a high of Rs 29,130/10 gm and lastly shut at Rs 29,108/10 gm(April 28, Saturday) with a gain of Rs 407/10 g as compared with past week’s close of Rs 28,700/10 gm.
On the above Every week Index charts, Silver costs breached 6 week’s high and shut above its 10 & 20 weeks time EMA (Exponential Going Average) which indicates favorable market emotions. For this weeks time, we anticipate gold costs to find level of resistance at 29,310 stages, if costs will close and business continually above 29,310 stages, would induce further move up to 29,570 stages. Support is noticed at 28,730 stages and then 28500 stages.

In the the other day, MCX July Silver costs started out the weeks time at Rs 57,940/Kg, at first exchanged greatly reduced and found powerful assistance at Rs 56,040/Kg. Later costs shifted back from low and lastly shut at Rs 57,558/Kg (April 28, Saturday) with a loss of Rs 584/Kg as in contrast to past week’s close of Rs 58,153/Kg.
On the above Every week Index charts, Silver costs breached 13 week’s low and shut below its 10 & 20 weeks time EMA (Exponential Going Average) which indicates bearish industry emotions. For this weeks time, we anticipate Siver costs to discover significant level of resistance at 58,770 stages. Dealing continually above 58,770 stages would start the entrance for a new leg up at first towards 59,400 then 59,700 levels.
Powerful Assistance is noticed at 56,040 stages. Dealing below 56,000 stages would give modification at first towards 55,500 and then lastly towards the Significant support at 55,000 levels.

“MCX GOLDPETAL & MCX SILVERM Trading”

MCX SILVER March contract was trading at Rs 51402.00 up Rs 283.00, or 0.52%. It touched an intraday high of Rs 51460.00 and an intraday low of Rs 51100.00.

MCX SILVER July contract was trading at Rs 53529.00 up Rs 265.00, or 0.49%. It touched an intraday high of Rs 53329.00 and an intraday low of Rs 53288.00.

MCX SILVERM June contract was trading at Rs 53320.00 up Rs 208.00, or 0.38%. It touched an intraday high of Rs 53362.00 and an intraday low of Rs 53291.00.