WEEKLY OUTLOOK OF MCX MARKET

ZINC NOT EXECUTED !!!

      "BUY COPPER ABOVE 300 TG 305,310 SL 295"

International   markets is trading as ASIA MARKET IN GREEN whereas EUROPE IN RED  on other hand  the Multi Commodity Exchange ( MCX);  bullion’s base metal and energy have loss  although  ZINC ,ALUMINIUM , NATURAL GAS, NICKEL.

Gold prices up  by 1.04 per cent on Friday. As investors will focus these month on the unemployment  rate, federal  budget balance.

Gold futures for February 2016 contract, at MCX, were trading at Rs. 25982 per 10 grams, up  by 1.00per cent after opening at Rs. 25040 against the previous closing price of Rs 24962. It touched the weekly low of Rs. 25034 on Monday itself the starting day of week.

Copper futures for febuary2016 contract, at MCX, made weekly  low with rate of 296. And touched the high of 315.70 on starting day of trading. And continued on the way of rallies by making low of 296.40 on Thursday’s session after releasing the natural gas storage.

Else above from these, energy sector  had given good return  among all the three segments (bullion, base metal energy) on  natural gas .

Upcoming week of market session is expected to remain in bullish form. These week has more and more focus on federal budget . apart from these there are also inventories on crude and natural gas.

Gold resistance 26150,26300,26550 support 25800,25700,25400

Copper resistance 306,311,318 support 295,288,280

Zinc resistance 103,105,108 support 98,96,92