MTECHTIPS MCX LEAD INTRADAY trading analysis 02-06-2016
DAILY :- Mcx lead future above 116 remain bullish for targets 117.1 and 119.
WEEKLY :-Mcx lead future this week closed with gain. After last week’s fall prices are seeing some short covering as well as value buying on lower levels.Mcx lead future next week outlook below 117 remain bearish and sell on rise. On downside 112.5, 110.5 and 107.9 are support zones as well as target levels. On upside 114.5 and 117 are strong resistances.Mcx lead monthly chart showing 112-110 is major support and if lead slips below it then expect lower levels up to 98 rupee in long terms.