MTECHTIPS MCX LEAD INTRADAY trading analysis 10-06-2016
DAILY :- Mcx lead future below 115 remain sell for target 113.5 and 112.7. Mcx nickel given bullish breakout above 591 but looks weak.
WEEKLY :-Mcx lead future this week closed with gain. This was second weekly gain for lead prices. In these 2 weeks lead future rallied from lows of 110 to highs of 117. For next week, mcx lead future outlook is bullish and strategy will be buy on dips. On upside mcx lead weekly resistances are 117 and 120. These are target zones for next week. On downside mcx lead weekly support zones are 113.5 and 110. These are fresh buying zones.For month of June 2016, mcx lead future above 114.9 remain bullish and buy. On upside targets are 120 and 125.6.
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