mcx silver intraday

Silver opened at 1736/1740 and moved within a range during the early part of the session, climbing to a high of 1744/1748. This level was not sustained as base metals and oil both fell, dragging silver lower and triggering stops which pushed the metal to a low of 1687/1691. Silver quickly recovered from the lows as dealers bought, finally closing at 1713/1717. Now support for the silver is seen at 23649 and below could see a test of 23318. Resistance is now likely to be seen at 24472, a move above could see prices testing 24964.

Trading Ideas:

TRADING RANGE IS 23318-24964.
SILVER IS BELOW 17$ CAN FIND THE SUPPORT TILL 16.56$
WAIT FOR FRESH ENTRY AS BELOW 24000 MARK MARKET IS LOOKING WEAK AND BEARISH TILL 23360. MCX

mcx gold intraday

Gold opened at 901.25/902.25 in New York and climbed on the back of weaker equity markets, reaching a high of 909.50/910.50. Oil later tumbled on news that Tropical Storm Edouard would not cause disruption to oil production in the Gulf of Mexico, and gold followed, slipping to a low of 894.50/895.50. The metal ticked higher from the lows on good bids closing at 899.25/900.25. Now support for the gold MCX is seen at 12318 and below could see a test of 12217. Resistance is now likely to be seen at 12600, a move above could see prices testing 12781.

Trading Ideas:

TRADING RANGE IS 12217-12781.
SELL GOLD @ 12550-580 SL 12622 TGT 12520-480-435-380. MCX
IMP WILL BE 888$.
RISKY TRADER CAN BUY GOLD @ 12300-330 SL 12270 TGT 12365-12390-12460. MCX
IMPORTANT IS 888$ A BOUNCE TILL 898-905$ CAN BE SEEN BELOW 888$ TARGET CAN BE 862$

MCXARUN
9994500540

safe trade calls

GOLD

for the day buy only abv 12700 S/L 12675 and T/p 12735-770/12825/ towards 12950 OR sell below 12460 S/L 12490 and T/p 12425-400/close below 12400 test 12200 atleast/upto 12130 (any time close above 12950/13550/ 13850 bullish while close below 12400-250/11970/11275 bearish for medium term)

SILVER

for the day buy only abv 24775 S/L 24700 and T/p 24850/25000/close abv 25000 test 25350-400 atleast in coming days OR sell below 24275 S/L 24350 and T/p 24200-100/24000 (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=5450 AS DAYS HIGH=5450 for the day buy only abv 5450 S/L 5425 and T/p 5525/towards 12625 in coming days OR sell only below 5240 S/L 5265 and T/p 5215/ 5175/towards 5100/close below 5100 test 4925 atleast in coming days (now crude need to close above 5450/5680/ 6040/6360 for bullish rally while close below 5100-5060 bearish for medium term)


COPPER


for the day sell below 334 S/L 335.5 and T/p 332-330.5/close below test 320 atleast/305 in coming days OR sell ard 343-343.5 S/L 344 and T/p 341-339/337 (upside strong rally only on close above 351/360.5/371/387.5/398 while close below 330.5/326/311 bearish for medium term)


MCXARUN
9994500540

long view calls

COPPER
LIKELY TO TEST 322-320/312 UPTO 305 WITH ANY BREAK & CLOSE BELOW 330.5, ONLY CLOSE ABOVE 351/361 UPTREND AGAIN(AUG)


ZINC
LIKELY TO TEST 74 UPTO 71 WITH ANY BREAK & CLOSE BELOW 77.5, ONLY CLOSE ABOVE 85 SOME UPTREND AGAIN(AUG)


NICKEL
LIKELY TO TEST 750-60 WITH ANY BREAK & CLOSE BELOW 780, ONLY CLOSE ABOVE 825 SOME UPSIDE AGAIN(AUG)


LEAD
LIKELY TO TEST 104-5 UPTO 108 WITH ANY BREAK & CLOSE ABOVE 99-100, WHILE CLOSE BELOW 82.4 TEST 76-74 ATLEAST IN COMING DAYS(AUG)

MCXARUN
9994500540

nickel intraday

Friday the LME nickel stock was -84 against the previous of -96 Nickel has touched a low of Rs 786.4 a kg after opening at Rs .786.4, and last traded at Rs 794.7.For today market is looking for the support at 780.5, a break below could see a test of 771.7 and where as resistance is now likely to be seen at 800.9, a move above could see prices testing 812.5.

Trading Ideas

TRADING RANGE IS 770.00-815.00.
SELL NICKEL AUG @ 808-810 SL 813.60 TGT 802-796-792-786-782-776. MCX
MARKET IS TRADING IN THE RANGE 760-820.


MCXARUN
9994500540

copper intraday

Friday the LME copper was 2250mt against the previous of 4450mt. Copper has touched a low of Rs 334.9 a kg after opening at Rs 335.15, and last traded at Rs335.1.For today market is looking for the support at 329.8, a break below could see a test of 324.5 and where as resistance is now likely to be seen at 342.1, a move above could see prices testing 349.1.

Trading Ideas

TRADING RANGE IS 324.00-349.00.
SELL COPPER @ 341-342 SL 344.20 TGT 340-338.60-336.80. MCX
BUY COPPER @ 334-335 SL 332.80 TGT 336.70-338.20-339.50. MCX
IMP RANGE IS 332-342 LEVEL


MCXARUN
9994500540

crude intraday

Crude oil rose for a second day as a storm threatened U.S. output in the Gulf of Mexico, and Israeli and U.S. officials sought additional sanctions against Iran. Now support for the crude is seen at 5164 and below could see a test of 5039. Resistance is now likely to be seen at 5432, a move above could see prices testing 5575.

Trading Ideas

TRADING RANGE IS 5039-5575.
BUY CRUDE ABV 5314 SL 5296 TGT 5326-5348-5360. MCX
SELL CRUDE @ 5390-5400 SL 5426 TGT 5356-5320-5286. MCX
THE RANGE IS 121-128$ SO LOOK FOR THE RANGE AND TRADE

MCXARUN
9994500540