Monday 23 July 2012

MCX BASE METALS COMMENTARY AND MCX SURE SHOT TIPS


There are having mixed business in MCX Base metal, In copper, nickel, and lead are showing down trend 0.3 to 0.5%.But still these down trending aluminum and zinc are businesses on up trend in market. Current   prices of zinc are 101.7 with -0.55 % changes. Copper price are 419.55 with -2.75 % changes. Nickel prices are 879 with -6.4 % chng and lead prices are 103.95 with -0.8% chng.
MCX Aluminum Trading Tips
 Overall trend of the Aluminum is bearish for medium-long term .Currently Aluminum is moving sideways The oscillator is showing SELL signal
SELL ALUMINIUM JULY BELOW 104 TARGETS 103.5, 103, 102.5 STOPLOSS 104.9
MCX Copper Trading Tips
Overall trend of the Copper is bearish for medium-long term .Currently Copper is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higher levels.
MCX Copper is showing volatile; But Traders can buy Copper above 419 within Targets 420, 421 and Stop Loss 416. 

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