zinc intraday

Zinc futures in Shanghai fell the most in two weeks after China, the world's largest producer and consumer of the metal, removed export rebates from today. Zinc yesterday we have seen that market has moved 1.36%. Market has opened at 81 & made a low of 80.7 versus the day high of 84.9. The total volume for the day was at 15564 lots and the open interest was at 7233.Now support for the zinc is seen at 80 and below could see a test of 78.25. Resistance is now likely to be seen at 84.2, a move above could see prices testing 86.65.

Trading Idea

TRADING RANGE IS 78.00-85.00.
BUY ZINC AUG @ 79-79.50 SL 78.40 TGT 80.50-81.20-81.90-82.80. MCX
OVERALL MARKET IS SIDEWAY AND RANGE BOUND

MCXARUN
9994500540

nickel intraday

Yesterday the LME nickel stock was -96 against the previous of 498 Nickel has touched a low of Rs 790 a kg after opening at Rs .804.9, and last traded at Rs 796.7.For today market is looking for the support at 785.70, a break below could see a test of 774.70 and where as resistance is now likely to be seen at 811.90, a move above could see prices testing 827.10.

Trading Ideas

TRADING RANGE IS 770-825.
SELL NICKEL AUG @ 805-808 SL 810.80 TGT 796-792-786-782-776. MCX
SELLING IS BEST ON ANY RISE OVER AND TARGET IS 680-700 IN AUG

MCXARUN
9994500540

copper intraday

Yesterday the LME copper was 4450mt against the previous of 1225mt. Copper has touched a low of Rs 341.7 a kg after opening at Rs 342.5, and last traded at Rs343.55.For today market is looking for the support at 341.2, a break below could see a test of 338.85 and where as resistance is now likely to be seen at 346.4, a move above could see prices testing 349.25.

Trading Ideas

TRADING RANGE IS 338-350.
SELL COPPER BELOW 340 SL 342.60 TGT 337.60-336.80-334.50. MCX
OR CAN SELL ON RISE TILL 344-345 LEVEL ALSO OVERALL BELOW 347 LOOK WEAK ONLY
IMP RANGE IS 332-342 LEVEL

MCXARUN
9994500540

mcx crude intraday

Crude oil fell for a second day, extending the biggest monthly decline since 2004, on concern global consumption is falling amid slowing economic growth. Now support for the crude is seen at 5205 and below could see a test of 5133. Resistance is now likely to be seen at 5396, a move above could see prices testing 5515.

Trading Ideas

TRADING RANGE IS 5133-5515.
SELL CRUDE @ 5370-5400 SL 5426 TGT 5356-5320-5286. MCX
THE RANGE IS 121-128$ SO LOOK FOR THE RANGE AND TRADE

MCXARUN
9994500540

mcx silver intraday

Silver opened at 1742/1746 in New York. After a slight drop to the low of 1739/1743, prices soared on the weak GDP data. The metal reached a high of 1790/1794 where it traded for a while before slipping over the next few hours. Silver eventually found support around 1771/1775 where it traded sideways before finally closing at that level. Now support for the silver is seen at 24370 and below could see a test of 24019. Resistance is now likely to be seen at 25028, a move above could see prices testing 25335.

Trading Ideas:

TRADING RANGE IS 24019-25330.
SELL SILVER BELOW 24680 SL 24720 TGT 24620-24580-24548. MCX
BUY SILVER @ 24200-280 SL 24080 TGT 24340-24400-24522-24670. MCX
SILVER BELOW 24000 IS BEARISH TILL 24680 LEVEL

MCXARUN
9994500540

mcx gold intraday

Gold staged a 30 dollar bounce off of yesterday’s lows to 925 earlier in the session, but drifted back to 914 in the afternoon. Despite the bounce, the overall price action is bearish while we remain below 935. Downside support is seen at 888 - the 200 day moving average and 76.4% retrenchment. Now support for the gold MCX is seen at 12484 and below could see a test of 12350. Resistance is now likely to be seen at 12738, a move above could see prices testing 12858.

Trading Ideas:

TRADING RANGE IS 12350-12858.
SELL GOLD OCT @ 12700-720 SL 12748 TGT 12670-635-611-570. MCX
BUY GOLD OCT @ 12540-560 SL 12515 TGT 12590-12615-12680. MCX
GOLD BELOW 904$ LOOKS WEAK AND BEARISH RANGE IS 900-918$

MCXARUN
9994500540

safe trade calls

GOLD

our S/L just click, but if hold book profit on sell ard 12710, for the day sell below 12470 S/L 12500 and T/p 12430-12390/ 12330/12275/close below 12280 test 12000 atleast in coming days OR sell ard 12835-40 S/L 12850 and T/p 12800-760/upto 12725, only sustain abv 12850 trigger buy call again (any time close above 12850/13465/13775 bullish while close below 12275-150/11920/11775/ 11375/11200 bearish for medium term)

SILVER

PRICE TURN EXACT FROM OUR GIVEN RESISTANCE=25000 AS YESTERDAYS HIGH=24985. book profit on buy abv 24750-775, for the day buy only abv 25000 S/L 24900 and T/p 25100-125/upto 25300 OR sell below 24300 S/L 24400 and T/p 24160-175/ 24000 (any time close below 23670/ 23075/21825 bearish rally while close above 25000/26100/27250/28000 bullish for medium term)


CRUDE

PRICE TURN EXACT FROM OUR GIVEN RESISTANCE=5440 AS YESTERDAYS HIGH=5442 for the day sell below 5230 S/L 5260 and T/p 5200-5170/towards 5100/close below 5100 test 4950 atleast in coming days OR sell ard 5390-95 S/L 5400 and T/p 5355-5325 (now crude need to close above 5450/5680/6040/6360 for bullish rally while close below 5100-5060 bearish for medium term)


COPPER


book profit on buy abv 342/344, for the day buy only abv 347 S/L 345.5 and T/p 349-51/353/towards 358 OR buy ard 336.4-336.8 S/L 336 and T/p 339-342 (upside strong rally only on close above 351/360.5/371/387.5/398 while close below 331.5-330.5/326/311 bearish for medium term)


MCXARUN
9994500540