1 / 5Buy zinc futures | Target price: Rs 298 | Stop loss: Below Rs 290 | An Ichimoku pattern on the four-hour chart looks attractive. Technically, there are signs zinc could extend gains with high participation. In the short-term timeframe, a breakout suggests a change in the price range. Longs can be initiated above Rs 293. (Analyst: Ajay Kedia, Kedia Advisory)
2 / 5Buy gold futures | Target price: Rs 48,250 | Stop loss: Rs 47,450 | Futures of the yellow metal look attractive at current levels. On MCX, long positions can be initiated at Rs 47,750 in the near-month futures contract. (Analyst: Amit Sajeja, Motilal Oswal Financial Services)
3 / 5Buy natural gas futures | Target price: Rs 294 | Stop loss: Rs 282 | MCX natural gas futures appear to be having support near their 10-day moving average of Rs 280. Resistance can be expected near the 200-day moving average of Rs 297. Momentum in the contract appears to be positive from a short-term perspective. However, it appears to be decelerating from a medium-term view. One can initiate a 'buy' in the Rs 286-286.5 zone. (Analyst: Kshitij Purohit, CapitalVia Global Research)
4 / 5Buy Metaldex futures | Target price: Rs 17,650 | Stop loss: Below Rs 17,250 | MCX Metaldex futures have formed an attractive Ichimoku pattern on the four-hour chart. There are signs the contract can continue its upmove. On many occasions in the past, the formation of such a pattern has been followed by a strong bull run. On the short-term chart, the price volume breakout of a multi-week consolidation is considered extremely positive. One can take long positions above Rs 17,400. (Analyst: Ajay Kedia, Kedia Advisory)
5 / 5Buy nickel futures | Target price: Rs 1,572 | Stop loss: Rs 1,557 | MCX nickel futures have formed an ascending triangle pattern on the hourly chart. Immediate support for the contract can be expected at Rs 1,556 and resistance near Rs 1,600. One can initiate long positions at Rs 1,565. (Analyst: Kshitij Purohit, CapitalVia Global Research)
