market alert on feb 27 friday 6.55 PM IST

Low risk traders can book profit at 171.30 in our

sell call initiated at Rs 173.30.

Other can trail cost as stop loss for the final target.

MARKET ALERT ON FEB 27 FRIDAY 6.40 PM IST

MCS March copper is expected to test Rs 169 , if it sustains

below Rs 175.

Sell is recommended in CMP of Rs 173.30.

MARKET ALERT AT 5 PM

MCX APRIL COPPER ; BOOK PROFITS AND

WAIT FOR FRESH CALL CMP 176.20 OUR

BUY AT 175.50.

TECHNICALS FOR NYMEX TRADING FEB 27

MCX APRIL COPPER

SUPPORTS ; 173, 170, 168

RESISTANCES ; 177.60, 180,60, 183

FOLLOW CALLS ON OUR BLOG

MRKET ALERT AT 4 PM

TRADERS HOLDING SHORTS IN COPPER

PLEASE CUT POSITIONS.

market alert at 1 pm feb 27

mcx april copper cmp rs. 175.50, likely to

test 179 levels, sl 173.20

MARKET ALERT AT 11 AM FEB 27

MCX APRIL COPPER: BEST TO SHORT AT 175.50

T0 176 LEVELS, STOPS AT 177.50, TGT 172.50.

TECHNICALS FOR FEB 27

MCX APRIL COPPER

TREND ; BULLISH INTRADAY

SUPPORTS ; 175, 172, 170.50

RESISTANCES ; 178, 179.60,182

HOLD LONGS INTRADAY

MARKET ALERT AT 9 AM FEB 27

RUPPEE OPENS AT RECORD LOW AGAINST

DOLLAR AT 50.66.

MARKET ALERT AT 8 AM FEB 27

COPPER NOW TRADING AT $ 3500 UP 90 DOLLARS

THIS MORNING.

Market Alert on feb 26 9.5 pm IST

Book maximum profit in MCX March Silver at

cmp Rs 177.70 .

Wait for target of Rs 179.60 with minimum

positions.

Longs were advised at Rs 172.60.

MARKET ALERT AT 6.30 PM

MCX APRIL COPPER APPROACHING OUT TGT 176.60,

BOOK PROFITS OR HOLD FOR FURTHER TGT 179.60

( BUY INITIATED AT 172.60 )

MARKET ALERT AT 5.30 PM

MCX FEB COPPER BAS BROKEN CRUCILA RESISTANCE AT 173,

THOSE HOLDING LONGS PROTECT PROFITS!

TONITE US OBAMA BUDGET IS PUT TO CONGRESS

FOR APPROVAL.

TECHNICALS FOR NYMEX TRADING FEB 26

MCX APRIL COPPER

TREND ; SHORT TERM ; BUKKISH

LONG TERM : BEARISH

SUPPORTS ;171.60, 168, 164

RESISTANCES ; 176. 179, 182

REMAIN LONG FOR INTRADAY

LME INVENTORY

COPPER DOWN 2925 MT

NICKEL UP 354

MARKET ALERT AT 11AM

BUY MCX COPPER MARCH CMP 172,

SL 170, TGT 176.60.

Copper Feb. upside seen till 172-173

TECHNICALS FOR FEB 26

MCX APRIL COPPER

TREND : SHORT TERM : UP

MEDIUM TERM : BEARISH

SUPPORTS : 169.20, 166,163

RESISTANCES : 173.30, 175.80, 178

STAY LONG INTRADAY

MARKET ALERT ON FEB 25 WEDNESDAY 9.40 PM IST

Low risk traders can book profit in copper at

Rs 164.90 or trail stop loss at cost for

further target of Rs 163.

MARKET ALERT ON FEB 25 8.40 PM IST

MCX Feb Copper is expected to test Rs 163

if it sustains below Rs 168.80.

MARKET ALERT ON FEB 25 WEDNESDAY 8.25 PM IST

TRADERS WHO ARE HOLDING LONG POSITIONS IS ADVISED

TO EXIT ALL POSITIONS AND WAIT FOR FRESH ENTRIES.

TECHNICALS FOR NYMEX TRADING FEB 25

MCX APRIL COPPER

TREND ; SIDEWAYS/ BEARISH

SUPPORTS ; 166, 163, 160

RESISTANCES : 169.60, 173, 178

WAIT FOR CALLS

MARKET ALERT AT 4.30 PM FEB 25

MCX FEB COPPER HIGH 168.75, BOOK PROFITS

OR TRAI STOP LOSS TO COST IN OUR BUY CALL

AT 165 THIS MORNING.

LME INVENTORY

COPPER ; UP1800 MT


NICKEL ; UP 1278 MT

MARKET ALERT AT 11.45 AM

MCX FEB COPPER CMP 165, IS LIKELY

TO TEST 168 LEVELS, SUPPORT NOW SEEN AT

162.60.

MARKET ALERT AT 11 AM

MCX FEB COPPER HAS SUPPORT AT 163.

MARKET ALERT AT 10.30 AM

MCX FEB COPPER HAS RESISTANCE BETWEEN

167.20 TO 167.70.

TECHNICALS FOR FEB 25

MCX FEB COPPER

SHORTTERM : SIDEWAYS

LONG TERM : BEARISH

SUPPORTS : 165.30, 163.60, 161

RESISTANCES : 169, 172, 175

WAIT FOR CONFIRMATION

MARKET UPDATE AT 8 AM FEB 25

1. DOW UP 3 % LAST NIGHT AFTER OBAMA'S

SPEECH.

2. COPPER UP THIS MORNING BY $ 55

3. WATCH OUT FOR RUPPEE DOLLAR PARITY

AT OPENING THIS MORNING .

4. GOLD UP MARGINALLY AT $ 964

5. CRUDE HOLDING ABOVE $ 40.

UPDATE AT CLOSING FEB 24

MCX FEB COPPER CLOSED ON FEB 24 MCX

AT 164.20.

FEB 24 TUESDAY

TRADING LEVELS FOR EVENING NYMEX TRADE

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 155.30 , S2 RS 152 , S3 RS 148

R1 RS 159 , R2 RS 161 , R2 RS 161.60

STAY SHORT AT RESISTANCE.

MARKET ALERT AT 2.30 PM

LME INVENTORY UP 1950 MT


FEB MCX COPPER CMP 157.15

UPDATE FOR FEB 24

A MOST LOOKED FORWARD EVENT TO NITE IN THE US

IS THE SPEECH BY PRESIDENT OBAMA AS TO HOW HE

PLANS TO TAKE STEPS TO REWAMP AND RESCUE THE ECONOMY.

THE MARKET WOULD TAKE NEXT DIRECTION AFTER THIS.

POSITIONAL VIEW : THE OUTLOOK FOR ALUMINIUM

IS TURNING INCREASINGLY BEARISH. MOST PROBABLE

TARGET RS. 58 , CMP RS. 62.60.

MARKET ALERT ON FEB 23 TUESDAY 10.35 AM IST


MCX Feb Copper is expected to test Rs 153,

if it sustains below Rs 159.50.

Sell is advised around Rs 157.20 to Rs 157 levels.

MARKET ALERT AT 10 AM

COPPER RESISTANCE IS AT 160.

FEB 24 TUESDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND ; BEARISH

S1 RS 155.30 , S2 RS 152 , S3 RS 148

R1 RS 160.60 , R2 RS 163 , R3 RS 166.60

STAY SHORT AT RESISTANCE.

STRONG ABOVE & WEAK BELOW LEVELS

(BOTH ON SUSTAINING BASIS) --GOLD 15792,

SILVER 23382, CRUDE OIL 1990, COPPER 160,

ZINC 54, NICKEL 474 & LEAD 50.65

MARKET ALERT AT 9 AM FEB 24

MCX COPPER CLOSING RATE ON FEB 23 WAS

158.60.

UPDATE AT 8 AM FEB 24

1. US MARKETS CLOSE SHARPLY LOWER,DOW

DOWN 250 POINTS,

2. GOLD MARGINALLY LOWER $ 986

3. COPPER MARGINALLY DOWN TRADING AT $ 3200

MARKET ALERT ON FEB 23 MONDAY 10.30 PM IST

MCX Feb Copper is expected to test Rs 156.50,

resistance seen at rs.162.20, cmp rs. 160.

UPDATES ON FEB 23 9.45 PM IST

MCX Feb Copper has support at Rs 158.10

Resistance is seen at Rs 163.80.

Traders can go short in copper based on these levels.

MARKET ALERT AT 7.45 PM

MCX FEB COPPER HAS SUPPORT AT 158.55,

AND RESISTANCES 163.10, AND 164.

UPDATE ON FEB 23 MONDAY 6.15 PM IST

MCX Feb Copper has support at Rs 157 levels

Resistance levels are at Rs 163 levels.

LME INVENTORY FOR FEB 23

COPPER DOWN 950

NICKEL UP 1476

ZINC DOWN 3125

LEAD UP325

ALUMINIUM UP 12650

UPDATE AT 1.30 PM

1. ASIAN STOCK MARKETS UP

2. NASDAQ AND DOW FUTURES UP

3. INTERNATIONAL COPPER UP SHARPLY BY

ABOUT 3 %, AND MCX EXPEXTED TO OPEN

GAP UP. LME INVENTORY AT 2.30 PM

4. INTERNATIONAL GOLD DOWN NOW TRADING

AT $ 985 I.E APPROX MCX LEVELS RS.15700

UPDATE AT 12 NOON FEB 23

COPPER UP AND HOLDING AT $ 3260, UP ABOUT

$ 110 THIS MORNING IN INTERNATIONAL MARKET.

MARKET ALERT AT 9.15 AM FEB 23

COPPER UP AND CONSOLIDATING ,NOW

UP ABOUT 1.50 % IN MORNING TRADE,

QUOTING APPROX $ 3250 .

MARKET ALERT AT 8 AM FEB 23

INTERNATIONAL COPPER REVERSES TREND

FROM EARLY MORNING ; GETTING DOWN


MARGINALLY , INTERNATIONAL RATE $ 3150.

OF COURSE THINGS CAN CHANGE BEFORE

MARKETS OPEN IN INDIA AT 5 PM .

UPDATE AT 7 AM F2B 23

INTERNATION COPPER OPENS MARGINALLY

UP IN MORNING ELECTRONIC TRADE.

INDIAN MCX MARKETS OPEN AT 5 PM.

MARKET ALERT AT 9.30 PM

MCX FEB COPPER CMP RS. 157, LIKELY

TO TEST 155.10 , 154, RESISTANCE SEEN

AT 159.55.

MARKET ALERT ON FEB 20 FRIDAY 9.15 PM IST

Low risk traders can book profit on our buy call in

Copper at Rs 158.50.

Others can hold with cost Rs 156 as trailing stop

loss.

MARKET ALERT ON FEB 20 FRIDAY 8.30 PM IST

MCX Feb Copper could test Rs 160 ,

if it sustains above Rs 154.30.

Buy is recommended around Rs 156.30 to 156.60.

CMP Rs 156.60

FEB 20 FRIDAY

TRADING LEVELS FOR EVENNING NYMEX TRADE

TREND : BEARISH

S1 RS 155.30 , S2 RS 153 , S3 RS 151

R1 RS 159.60 , R2 RS 161 , R3 RS 163.60

REMAIN SHORT AT RESISTANCE LEVELS.

LME INVENTORY UP 17500 MT

MARKET ALERT AT 12 NOON

BUYMCX FEB COPPER 161.50, TARGET 165

SL 159.

FEB 20 FRIDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 159 , S2 RS 156 , S3 RS 153.40

R1 RS 163.60 , R2 RS 166 , R3 RS 168

WAIT FOR CONFIRMATION.

Copper for three months delivery under the LME rose

as high as $ 3349.75 a tonne - a jump of more than

3 $% but pared gains to close at $ 3290.

Copper for March delivery on the Comex division

rose 3.50 cents to settle at 1.4710 a lb.

The commodity for trade under the MCX India ended at Rs

166.50 levels.

Copper prices settled higher , extending a rebound from the

previous sessions slide to a 21/2 week lows on a weaker dollar.

The metal for trade under the MCX might see support at

162 levels while the resistance might be seen at

Rs 170 levels.

Copper tends topose a weaker outlook along the bearish

trend as the recent gains look fragile with the stock

piles of the metal climbing again and a grim economic

picture increase demand concerns.

Har phool ki ajab kahani hai, chup rehna bhi

pyar ki nishani hai, kahin koi zakhm nai phir

bhi kyun dard ka ehsas hai, lagta hai dil

ka ek tukda aaj bhi uske paas hai.....

MARKET ALERT ON FEB 19 THURSDAY 9.15

Copper could test Rs 159 if it sustains below

Rs 162.20.

CMP Rs 161.50.

MARKET ALERT AT 7 PM

MCX FEB COPPER NOW HAS RESISTANCE AT

RS. 165.50, AND SUPPORT AT RS.161.

TECHNICALS FOR NYMEX TRADING FEB 19

MCX FEB COPPER

SHORT TERM ; SIDEWAYS IN A RANGE WITH UPWARD BIAS

SUPPORTS ; 158, 156, 153.50

RESISTANCES ; 163, 165.50, 168

WAIT FOR FRESH CALL

MARKET ALERT AT 4 .15 PM

TRADERS HOLDING LONGS , KINDLY PROTECT PROFITS!

MARKET ALERT AT 2.30

BUY FEB COPPER AT RS. 160.50 TARGET 165

SL 157.70

LME INVENTORY

UP 2950 MT

MARKET ALERT AT 2.15 PM

MCX FEB COPPER FACES IMMEDIATE RESISTANCE

AT RS. 161.90.

MARKET ALERT AT 2 PM

TRADERS HOLDING SHORTS IN COPPER PLEASE

EXIT SELL POSITIONS, AS RATES HOLDING

ABOVE 160.

MARKET ALERT AT 11.15 AM

MCX FEB COPPER :TRADERS PLEASE OPERATE WITH STOPS,

AS LIKELYTO MOVE BI DIRECTIONAL, UNABLE TO HOLD AND

\SUSTAIN ABOVE 160 LEVELS.IF DOES NOT RETRACE BY 12 NOON

TO160 LEVELS, EXPECT FURTHER DOWN CORRECTION AND MAY

TEST YESTERDAY LEVELS OF RS.156/157. AND RESISTANCE WOULD BE

AT 161.

SELL NCDEX PEPPER MARCH UPTO 10800,

SL 10920, TGT 10465.

Sugar - Mar. Buy Above 2190, Target 2207,

2225, SL 2176.

WILL BE MAKING SEPERATE AGRI BLOG SHORTLY.

Copper - Feb. Buy Above 160, Target 164,

167, SL 157

FEB 19 THURSDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 156 , S2 RS 154.20 , S3 RS 151

R1 RS 160 , R2 RS 163 , R3 RS 166

STAY SHORT AT RESISTANCE.

Copper rose from a two-week low in London on speculation that

China, the world’s largest consumer of the metal, is

accelerating purchases.

Copper inventories in London Metal Exchange-monitored

warehouses declined 1,125 metric tons, the most since

Oct. 21.

Copper for three-month delivery rose $52, or 1.6 percent, to

$3,237 a metric ton at 5:05 p.m. local time on the LME.

The contract earlier reached $3,165, the lowest since Feb. 2.

Aluminium fell to its lowest level since

October 2002 on Wednesday, as concerns

over dwindling demand were reinforced by

further bad news for the car industry and

\ a rise in inventories to record levels.

Tumhara hamara rishta to aankhon aur palkon

jaisa hai, Agar palak kuch der na jhapke

to aankh ro deti hai... Aur agar aankh mein

kuch chala jaye to palak tadap uthti hai...:)

MARKET ALERT AT 9 AM

RUPPEE OPENS AT RS. 49. 91 / $.

MARKET ALERT AT 8 AM FEB 19

COPPER OPENS MARGINALLY UP THIS MORNING.

MARKET ALERT AT 8 AM FEB 19

COPPER OPENS MARGINALLY UP THIS MORNING.

THINGS TO WATCH FOR ON FEB 19

HOUSING STIMULUS PLAN ANNOUNCED IN US LAST NIGHT

US GDP PROJECTED TO CONTRACT, UNEMPLOYMENT

ALLTIME LOW.

BANK OF JAPAN ANNOUNCEMENTS EXPECTED TODAY.

MARKET ALERT ON FEB 18 WEDNESDAY 7.30 PM IST

Traders holding short protect profit trade with caution as

current support is seen at Rs 156.30 and resistance

seen at Rs 162.

MARKET ALERT AT 5.15 PM

MC XFEB COPPER CMP RS. 157.50, IS

LIKELY TO TEST RS. 153 LEVELS, REISTANCE IS

AT RS.160.

MARKET ALERT AT 3.45 PM FEB 18

MCX FEB COPPER CMP RS. 158, FACES

NEXT RESISTANCE AT 160.60, AND SUPPORT

AT RS. 157.30.

TECHNICALS FOR NYMEX TRADING

FEB 18

MCX FEB COPPER

SHORT AND MEDIUM TTREND ; BEARISH

SUPPORTS ; 156, 154.20, 151

RESISTANCES ; 160, 163, 166

WAIT FOR CONFIRMATION

LME INVENTORY FEB 18

COPPER DOWN 1125 MT

MARKET ALERT AT 12.30 PM

TRADERS HOLDING SHORTS IN COPPER,

KINDLY EXIT AT COST AND WAIT FOR

FRESH POSITIONS.

MARKET ALERT AT 11.30 AM FEB 18

MCX FEB COPPER ; CMP 157, IS WEAK

AND IS LIKELY TO TEST RS. 154, 153,

RESISTANCE SEEN AT 159.20.

Copper - Feb. Sell only Below 156,

Target 153, 150, SL 158.8.

"Happiness is not a brilliant climax to years

of grim struggle and anxiety. It is a long

succession of little decisions simply to

be happy in the moment.”

FEB 18 WEDNESDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 156 , S2 RS 154.20 , S3 RS 152

R1 RS 159 , R2 RS 161 , R3 RS 163

STAY SHORT AT RESISTANCE.


Copper fell to a two-week low in London on speculation

ebbing demand will add to inventories already at a

five-year high. Aluminum and zinc also dropped.

Copper for delivery in three months dropped $130, or 3.9

percent, to $3,200 a metric ton at 5:14 p.m. local time on

the LME, retreating for a fifth session in six. The contract

declined as far as $3,185 a ton, the lowest since Feb. 2.

MARKET ALERT AT 9.30 PM

MCX FEB COPPER 158.40, BOOK PART PROFITS

OR TRAIL STOP LOSS TO COST ( SELL CALL AT 160.25 ).

MARKET ALERT AT 7.PM FEB 17

MCX FEB COPPER CMP RS. 160.50 IS LIKELY

TO GO DOWN AND TEST 158, 156 LEVELS, REISTANCE

NOW SEEN AT RS. 163.

LME INVENTORY

UP 3100 MT

AGRI UPDATE AT 12 NOON FEB17

TURMERIC CALL NCDEX CODE : TMCG

.: SELLLLLLLLLLL TMC APR @ 4260-70 TGT

4200 4100 4050 TODAYS ARRIVALS 15000 BAGS

SPOT DOWN BY 150-200 Rs.........MKT NEWS.

TECHNICALS FOR FEB 17

MCX FEB COPPER : SUPPORTS 160.60, 158.40, 154

RESISTANCES : 163.60, 167, 170.

MARKET ALERTAT 11AM FEB 17

BUY COPPER MCX FEB 162.70, TARGET 167,

SL 160.50.

MARKET ALERT AT 11 AM FEB 17

SELL MCX FEB ALULIMIUM AROUND 65.50,

TARGET 64.25 AND 63 ,SL 66.10.

Copper fell to its lowest in more than a week

on Monday, hurt by a further deterioration in

the demand outlook after Japan suffered its

biggest contraction in decades and inventories

jumped.


Copper for delivery in three months on the

London Metal Exchange fell as low as $3,307 a

tonne and ended at $3,330 a tonne, versus

Friday's close of $3,430.


An unprecedented slump in exports saw Japan's

economy shrink 3.3 percent, marking three straight

quarters of contraction and its worst result

since the first oil crisis in 1974.

MARKET ALERT AT 8 AM FEB 17

MCX FEB COPPER ; EXPECT GAP DOWN OPENING!!!

APPROX 1 % DOWN.LAST NIGHT CLOSING 161.15.

MARKET ALERT AT 8.30 PM FEB 16

INTRADAY TRADERS HOLDING SHORTS IN

COPPER CAN BOOK PROFITS AND EXIT.

MARKET ALERT

MCX FEB COPPER WOULD HAVE STRONG SUPPORT

AT RS. 160 AND RESISTANCE AT RS. 164.TRADE

IN THIN VOLUMES TODAY.

MARKET ALERT ON FEB 16 MONDAY 11.45 AM IST

MCX Feb copper is expected to test Rs 158

if it sustains below Rs 164.80,

Sell is advised around Rs 162 levels.

TECHNICALS FOR FEB 16

MCX FEB COPPER

SHORT TERM ; SIDEWAYS

LONG TERM : BEARISH

SUPPORTS: 165,162,158

RESISTANCES ;168, 172,176

WAIT FOR CONFIRMATION

MARKET ALERT AT 8 AM FEB 16

MCX FEB COPPER : EXPECT DOWN OPENING !!!

TECHNICALS FOR NYMEX TRADING FEB13

MCX FEB COPPER

SHORT TERM ; SIDEWAYS

LONG TERM ; BEARISH

SUPPORTS ; 165, 162 , 158

RESISTANCES ; 169, 172, 175

WAIT FOR CONFIRMATION

MARKET ALERT AT 2.30 PM FEB 13

MCX FEB COPPER CMP RS. 168, LIKELY

6TO TEST RS. 170, 172 LEVELS, SUPPORT AT

RS. 165.80.

LME INVENTORY UP 2875 MT

MARKET ALERT ON FEB 13 FRIDAY 11.15 AM IST

MCX Feb Copper is expected to test Rs 172 ,

if it sustains above Rs 165.

Buy is recomended above Rs 168.30

CMP Rs 167.65.

FEB 13 FRIDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 163.50 , S2 RS 161 , S3 RS 159

R1 RS 168 , R2 RS 171 , R3 RS 173.60



Copper for three-month delivery fell $39, or 1.1 percent, to

$3,420 a ton, the third straight decline.

LME copper stockpiles jumped 225 tons to 516,675 tons, the most

since Oct. 31, 2003, according to the exchange. They have

climbed 52 percent this year. Aluminum inventories are at

a record 2.9 million tons.

MARKET ALERT ON FEB 11 THURSDAY 8.55 PM IST

Book profits in copper at RS 164.

Sell was recomended around Rs 166.

TECHNICALS FOR NYMEX TRADING FEB 12

MCX FEB COPPER

SHORT TERM ; SIDEWAYS

LONG TERM : BEARISH

SUPPORTS ; 165, 162, 158

RESISTANCES ; 168.60, 171, 173.60

WAIT FOR CONFIRMATION

MARKET ALERT ON FEB 12 THURSDAY 3.15 PM IST

MCX Feb Copper is expected to test Rs 162 ,

if it sustains below Rs 168.60.

CMP Rs 166.50

Sell is recommended below Rs 166.

MARKET ALERT FOR ALUMINIUM AT 2 PM FEB12

SELL FEB ALUMINIUM CMP RS. 66.75, SL 67.60

TARGET 65.

MARKET ALERT AT 1.45 PM FEB 12

MCX FEB COPPER CMP RS.167, HAS RESISTANCE

AT RS. 168.90 AND SUPPORT AT RS.164.60 AND

162.60. TRADERS CAN TAKE POSITIONS ACCORDINGLY.

MARKET ALERT AT 1.30 PM

BASE METALS VERY SLUGGISH AHEAD OF

LME INVENTORY. WAIT FOR FRESH POSITIONS.

MARKET ALERT AT 1 PM

MCX FEB COPPER ; TRADERS ARE REQUESTED

TO EXIT FROM LONG POSITIONS AND WAIT FOR FRESH

CALLS .

MARKET ALERT AT 12 NOON FEB12

MCX FEB COPPER 167.50 IS EXPECTED TO TEST

RS. 171 LEVELS, STOP LOSS RS. 164.50.

TECHNICALS FOR FEB 12

\MCX FEB COPPER

SHORT TERM : SIDEWAYS

LONG TERM : BEARISH

SUPPORTS ; 164,162,159

RESISTANCES ; 168.60, 171, 173.60

WAIT FOR CONFIRMATION

MARKET ALERT AT 7.20 PM

MCX FEB COPPER ; SUPPORT AT RS. 162.60

AND RESISTANCE AT RS. 167.15.

TECHNICALS FOR NYMEX TRADING FEB 11

MCX FEB COPPER

SHORT TERM ; BEARISH

LONG TERM ; BEARISH

SUPPORTS ; 165, 162, 158

RESISTANCES ; 168.60, 171, 173.60

SELL AT RESISTANCES

MARKET ALERT AT 3.45 PM FEB 11

MCX FEB COPPER ; SELL AT RS. 166 TO 165.80

STOP LOSS 168.50, TARGET RS. 162.

LME INVENTORY ; COPPER UP 2025

NICKEL UP 864

ZINC UP 1050

LEAD DOWN 50

MARKET ALERT AT 1.30

MCX FEB COPPER HAS CRUCIAL SUPPORT AT RS.164.60,

CHANCES OF REBOUND IF LEVEL HOLDS.

MARKET ALERT AT 1 PM

MCX FEB COPPER CMP RS.166.25, BOOK PARTIAL

PROFIT OR TRAIL STOP LOSS TO COST, ( OUR SELL

CALL IN MORNING AT RS. 168.90 ).

MARKET ALERT AT 10.45 FEB11

MCX FEB COPPER CMP RS. 168.90

IS LIKELY TO TEST RS. 164.30, CURRENT

RESISTANCE IS AT RS.172.

TECHNICALS FOR FEB 11

MCX FEB COPPER

SHORT TERM : SIDEWAYS

LONG TERM : BEARISH

SUPPORTS: 168, 165, 162

STYA SHORT AT RESISTANCE

MARKET UP DATE FOR FEB 10

U.S. copper futures ended lower on Tuesday as

disappointment with a U.S. Treasury Department

plan to help the ailing financial sector slammed

the industrial metals and equity markets alike.


* Copper for March delivery HGH9 shed 3.70 cents

to settle at $1.5760 a lb on the New York Mercantile

Exchange's COMEX division.


* Range from $1.5570 to $1.6375.


* COMEX estimated futures volume at 18,595 lots by

12 p.m. EST (1700 GMT). Final volume on Monday hit

28,828 lots.


* Open interest fell by 700 lots to 85,472 contracts

open as of Feb. 9.


* COMEX copper prices weakened after U.S. Treasury

Secretary Timothy Geithner's announcement of a plan

to mop up $500 billion in spoiled assets from the

beleaguered banking system.


* Bill O'Neill, managing partner with Logic Advisors,

said the plan would not have any immediate positive

impact on base metals as it does not provide any

short-term help to the economy.


* COMEX copper prices tracked a sharp slide in

equities, with the Dow Jones industrial average

.DJI sliding more than 4 percent following the

bank bill announcement.

MARKET ALERT ON FEB 10 TUESDAY 8.30 PM IST

MCX Feb Copper is expected to test Rs 176.30

if it sustains above Rs 171.

CMP Rs 173.30.

MARKET ALERT

COPPER : OVERALL TREND EXPECTED TO BE BULLISH,

BETTER TO TAKE LONG OR BUY POSITIONS AT LOWER LEVELS,

WILL ADVISE AS AND WHEN THGE RATES COME APPROPRIATELY.

MARKET ALERT AT 5 PM FEB10

MCX FEB COPPER CONTINUES TO HAVE

BEARISH TREND , HAS RESISTANCE AT RS. 173.95

ANDSNEXT SUPPORTS RS. 168.65 AND 167.30.

TECHNICALS FOR NYIMEX TRADING FEB 10

MCX FEB COPPER

SHORT TERM ; SIDEWAYS

LONG TERM ; BEARISH

SUPPORTS ; 170, 168, 164

RESISTANCES ; 173.60, 176, 179

WAIT FOR CONFIRMATION

Market Snapshot:


* Gold little changed as traders await today's

decision on the U.S stimulus package.*

Crude falls below $40 as the markets trade over

what would be the impact of the $800 billion

stimulus package on the demand of the oil.*

Copper falls over demand concerns even as the

fate of the U.S rescue package weighs on the market.

* INR steady on gains in the local share market even

as a stronger dollar played in the back drop.

MARKET ALERT AT 3.50 PM


MCX FEB COPPER : TRADERS HOLDING LONGS

CAN PUT STOPS AT RS. 169.80, AND PRICES

COULD RETRACE UP TO RS. 173/ 174 LEVELS.

MARKET ALERT AT 3.45

MCX FEB COPPER IS HAVING STRONG SUPPORT AT

RS. 171, AND NOT ABLE TO BREAK BELOW.TRADERS

HOLDING SHORTS BOOK PROFITS.

MARKET ALERT AT 2.30 PM

MCX FEB COPPER CMP[ RS. 171, TRADERS

HOLDING SHORTS TRAIL STOP LOSS AT RS. 173.50,

FOR TARGET RS. 169.50.

MARKET ALERT AT 2.30 PM FEB 10

LME INVENTORY : UP 6650 MT

Alert: Only if the Senate passes all of the

planned $827 billion package will the dollar

then weaken because of assumed rising-inflation.

But if they cut and chop and pass lesser, then

the dollar will bounce back, thus bringing down

all commodities that rose in anticipation.

MARKET ALERT AT 12 NOON FEB 10

MCX FEB COPPER: THE NEXT DOWN LEG FOR COPPER

WOULD BE IF IT CUTS BELOW RS. 171.

MARKET ALERT AT 11.45PM FEB FEB 10


MCX FEB COPPER CMP RS. 173, TESTED SUPPORT

AT RS. 171.50 AND NOW HAS RESISTANCES AT RS. 174

AND RS. 175.40.

MARKET ALERT AT 11AMFEB10

MCX FEB COPPERIS NOW TESTING FIRST

SUPPORT AT RS. 171.50, AS FORECAST BY US.

AMRKET ALERT AT 10.30 AM FEB 10

MCX FEB COPPER IS WEAK, BELOW RS. 172

AND ID CUTS RS. 172,RESISTANCE SEEN AT RS. 174.50

ANDCOULD TEST EVEN RS. 169,168 LEVELS.

MARKETALER AT 10.15 AM FEB 10

MCX FEBCOPPER HAS RESISTANCE AT RS. 175.50

AND FIRST SUPPORT AT RS. 171.50.

TECHNICALS FOR FEB10


MCX FEB COPPER

SHORT TERM ;SIDEWAYS

LONG TERM : BEARISH

SUPPORTS :172, 168, 165

RESISTANCES:175, 175, 183

WAIT FOR CONFIRMATION

MARKET ALERT AT 10.30 PM

MCX FEB COPPER CMP RS. 173.50, TRADERS HOLDING

SHORTS PLEASE EXIT AS PRICES UNABLE TO

BREAK SUPPORTS.

MARKET ALERT AT 7 .15 PM

COPPER HAS TESTED SUPPORT AT. RS. 171.75,

BETTER TO EXIT LONG POSTIONS AS LIKELY TO TEST

RS. 171, 169 LEVELS., RESISTANCE IS AT RS. 175

MARKET ALERT AT 6.30 PM

COPPER HAS CRITICAL RESISTANCE AT RS. 175,

TRADERS HOLDING LONGS OPERATE WITH STRICT STOPS

AS HUGE VOLATILITY IS ANTICIPATED.

Market Snapshot:

Gold trades little changed ahead of the decision on the US stimulus package on Tuesday.

Oil trades over $40 on ahead of the $800 billion economic restructuring plan for the US economy.

Copper trades weak on build-up in stockpiles though supported by the expectations of revival in the chinese and US economies.

INR attains intraday highs on firm Asian equity markets

MARKET ALERT AT 5.30 PM FEB 9

MCX FEB COPPER CMP RS. 173.60, IS IN

CONSOLIDATION AND A RALLY UPTO RS. 178

CAN BE EXPECTED, WITH STOP LOSS AT

RS. 171.60.

MARKETS ARE AWITING THE PASSAGE AND DETAILS

OF THE STIMULUS PACKAGE OF THE OBAMA ADMN

IN US EXPECTED TO BE APPROVED BY US CONGRESS

BY TOMORROW , AND TAKE A DIRECTION CALL OF

THE MARKET.

MARKET ALERT AT 12NOON FEB 9

MCX FEB COPPER : STRONG SUPPORT NOW AT

RS. 172.80,AND RESISTANCES RS. 179.60, 183.

MARKET ALERT AT 12 NOON.

TRADERS ARE REQUESTED NOT TO TAKE

ANY FRESH POSITIONSTILL FURTHER ADVISE.

FEB 9 MONDAY

Todat we could see a break and trade above the resistance

of Rs 175.20.

This level could now become a strong support ( closing

basis ) .

Daily charts indicate that the contract is now in over

bought territory but still no sign of a correction

yet.

This means that as prices go up , profits on long

position should be taken as the risk of a correction

is now increasing.

The contract could test Rs 181 / 185 / 187 before any

major correction.

FEB 9 MONDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH


S1 RS 173 , S2 RS 170 , S3 RS 168

R1 RS 178 , R2 RS 182 , R3 RS 185

STAY LONG AT SUPPORT.

MARKET ALERT AT 8 M1 FEB 9

MCX FEB COPPER : WE EXPECT A GAP UP OPENING

LME UP $ 100 NOW AT AROUND 3600$ LEVELS.

THOSE SHORT BE CAREFUL, AS WE ECPECT OUR TARGETS TO

GET ACHIEVED IN MORNING.

UPDATE

Copper prices moved up by 16% this week due to

expectation of Chinese demand for this quarter and

positive sentiments triggered by the

economic stimulus package announced by the US

government. Analysts expect price to move up in

short-term though the medium term outlook remains

weak.


Copper on LME closed at $3,590 per tonne levels after

making a high of $3,600. On MCX the February contract

moved up by 14% compared to the previous week and made

a high of Rs 174.7 per kg. Since the beginning of

this year copper prices have moved up by 20% from their

low levels of $2950 per tonne.


According to Amar Singh, the research head at Angel


Commodities, in the short-term market has potential

to go up to Rs 182- Rs 190 per kg with a downside at

Rs 160 levels. But in the medium-term price is likely

to witness profit-booking and selling pressure at high

levels between Rs 190-Rs 200 for the MCX February

\contract.

MARKET UPDATE FOR FEB 6

COMEX copper futures shot nearly 8 cents higher

Friday morning as traders grew more optimistic

about the passage of a US stimulus package in

light of the abysmal non-farm payroll figures

released earlier in the morning.


Copper for March delivery, the active month,

was up 8 cents/lb at 158 cents/lb at 10:30 am

EST (1530 GMT), while the forward May contract

was up 7.80 cents at 159 cents. COMEX copper

stocks rose by a net 43 st overnight to

40,848 st. Three-months copper on the London

Metal Exchange rose $152/mt by the end


of the second ring to $3,481/mt. Copper stocks

in LME warehouses rose a net 2,025 mt to 504,625

mt on substantial deliveries to Livorno, Italy.


Copper started strongly overnight in Asia

after trading limit up in Shanghai. But prices

accelerated in London following the release of


worse-than-expected non-farm payroll figures for

January by the US Labor Department.

"Since the release of the payroll numbers,

since they were disastrous, there's a view that

this lends more urgency to Congress to push the

The recent turnaround in key leading indicators,

such as the Philadelphia Federal Index and the

Institute for Supply Management's manufacturing

index, has raised hopes that the global

slowdown may be coming to an end, the analyst said.

MARKET ALERT AT 10.45 PM FEB 6

MCX FEB COPPER CMP RS. 171.50, NOW HAS STRONG

SUPPORT AT RS. 168, AND AND IS LIKELY TO TEST

RS. 178 . HAVE LONG POSITIONS T RS. 170/ 171 LEVELS

WITH STOPS AT RS. 168, AND TARGET RS. 178.

MARKET ALERT ON FEB 6 FRIDAY 4.10 PM IST

As forecasted earlier copper is now at Rs 170.

Low risk traders can book profit and others can keep

cost as trailing stop loss and wait for Rs 172.

MARKET ALERT AT 2.35 PM FEB 6

MCX FEB COPPER CMP RS.168.50, TRADERS CAN

BOOK PARTIAL PROFIT OR TRAIL STOP LOSS

TO COST. TREND IS UP.( our buy call at

rs. 166.60)

MARKET ALERT ON FEB 6 FRIDAY 11.15 AM IST

MCX Feb Copper is expected to test Rs 170 ,

if it sustains above Rs 164.20.

CMP Rs 166.60.

TECHNICALS FOR FEB 6

MCX FEB COPPER

SHORT TERM : SIDEWAYS

LONG TERM: BEARISH

SUPPORTS : 161, 158, 154

RESISTANCES : 165.50, 169, 172

STAY SHORT AT RESISTANCES

FEB 6 FRIDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 161 , S2 RS 158 , S3 RS 154

R1 RS 165 , R2 R S169 , R3 RS 172

STAY SHORT AT RESISTANCE.

COPPER FALLS ON ECONOMIC WOES AS THE US JOBLESS AND FACTORY DATA


FARES WEAK
Copper for March delivery on the Comex division shed

3.10 % to close at $ 1.50 a lb while the metal

traded on the LME ended at $ 3329 a tonne.

Industrial metals lost ground with copper losing

more than 3 % of its value as grim economic data

from the United States further clouded the out look for

metal consumption.

The number of US workers filing new claims for jobless benefit

hit a 26 year high last week and factory orders plummeted in

December , a fifth consecutive monthly decline

triggering a sell off across the complex.

Copper was also affected as the stocks in the LME rose

2650 tonnes to 502, 600 tonnes the highest since November 2003.

Copper at the LME might see support at $ 3285 levels while

the resistance for the same can be seen at $ 3466 levels.

MARKET ALERT AT 8 AM FEB 6

MCX FEB COPPER : COPPER MARKET OPENING

LIKELY TO OPEN HIGHER.( LME UP $100)

MARKET PREDICTS RANGE RS. 158 TO

RS. 165. WAIT FOR ADVICE.

MARKET ALERT ON FEB 5 THURSDAY 8.20 PM IST

MCX Feb Copper is currently having resistance at Rs 165.75

The support for the same can be now seen at Rs 163.35.

MARKET ALERT

COPPER ; SUPPORTS ; 163.50, 161.8

RESISTANCES ; 166.50, 168, 170

MARKET ALERT

TRADERS HOLDING LONGS IN COPPER

OPERATE WITH STOPLOSS .

MARKET ALERT AT 5.45 PM FEB 5

COPPER : SEEMS TO BE VERY RANGE BOUND

AND NEXT MOVEMENT AFTER NEW YORK OPENS

LATER IN EVENING.

TECHNICALS FOR NYMEX TRADING FEB 5

MCX FEB OPPER

SHORT TERM ; SIDEWAYS

LONG TERM ; BEARISH

SUPPORS ; 165, 162, 158

RESISTANCES ; 167.70, 170, 173

WAIT FOR CONFIRMATION

MARKET AERT AT 3.55 PM FEB 5

MCX FEB COPPER : CMP RS. 166, COULD

TEST RS. 168 AND 170 LEVELS, CURRENT

SUPPORT AT RS. 163.50. RISKY TO

HOLD SHORTS AND LOW RISK TRADERS COULD

EXIT SHORT POSITIONS, AS UNABLE TO BREAK

DOWN LOWER LEVELS.

MARKET ALERT AT 12.30 PM

MCX FEB COPPER CMP RS. 165, COULD

TEST RS. 161.75 LEVELS, RESISTANCES

SEEN AT RS. 167.60.

MARKET ALERT AT 12 NOON FEB 5

: EXIT LONGS IN COPPER

UPTO RS. 166.20, LONGS ADVISED YESTERDAY

AND WAIT FOR FRESH CALL.

MARKET ALERT AT 12 NOON

MCX FEB COPPER : THOSE HOLDING LONGS

OPERATE WITH STRICT STOPS.

TECHNICALS FOR FEB 5

MCX FEB COPPER

SHORT TERM ; SIDEWAYS

LONG TERM : BEARISH

SUPPORTS ; 163, 160, 158

RESISTANCES ; 166.50, 169, 172

STAY LONG AT SUPPORTS

TECHNICALS FOR NYMEX TRADING FEB4

MCX FEB COPPER

SHORT TERM ; SIDEWAYS

LONG TERM ; BEARISH

SUPPORTS ; 163, 160, 156.50

RESISTANCES ; 167.70, 170, 173

STAY LONG AT SUPPORTS

MARKET ALERT AT 5.15 PM FEB 4

MCX FEB COPPER: TRADERS CAN GO LONG AT CMP

RS. 165.50 , FOR TARGET RS. 170, SUPPORT WOULD

BE AT RS. 163.

MARKET ALERT AT 2.45 PM FEB 4

MCX FEB COPPER ; CMP RS. 165.50 ,TRADERS

HOLDING LONGS REVISE STOPS TO BELOW RS. 164.

MARKET ALERT AT 2.35 PM FEB 4

MCX FEB COPPER ; INVENTORY UP IN

LME DATA BUT PRICES HOLDING AT HIGHER

LEVELS, AND IF SUSTAINS COULD TEST

GIVEN TARGETS RS 168.50. LONG TERM

CONTINUE TO HOLD LONGS PLAYERS FOR ABOVE

TARGET.

MARKET ALERT AT 1.30 PM

MCX FEB COPPER : CMP RS. 165 ,LOW

RISK TRADERS BOOK PROFITS IN OUR BUY CALL

AT RS, 162.20 , OR TRAIL STOP LOSS

TO COST. FRESH POSITIONS CAN BE CONSIDERED

AFTER LME INVENTORY AT 2.30 PM

MARKET ALERT AT 11.15 AM FEB 4

MCX FEB COPPER : CURRENT SUPPORT

IS AT RS.161.90, AND IF HOLDS ABOVE

166 LIKELY TO TEST RS.168 LEVELS.

HOLD LONGS.

MARKET ALERT AT 11AM FEB 4

MCX FEB COPPERCMP RS. 165.25, OUR BUY

CALLGIVENYESTERDAY AT. RS. 162.20 IS

CONTINUING FOR FIRST TARGET RS. 166. HOLD

LONGS.

TECHNICALS FOR FEB 4

MCX FEB COPPER

SHORT TERM : SIDEWAYS

LONG TERM : BEARISH

SUPPORTS : 162, 158,155.50

RESISTANCES : 166.70, 169,172

STAY LONG AT SUPPORTS

Copper Rises a Second Day on Speculation U.S. Demand to Rebound .

Copper advanced for a second day in London on speculation

a rebound in U.S. manufacturing may revive demand for

industrial metals.

Copper for delivery in three months rose $200, or 6.3

percent, to $3,375 a ton at 4:42 p.m. on the London Metal

Exchange. Copper has gained 9.9 percent this year compared

with an 8.4 percent drop for aluminum. On the Comex

division of the New York Mercantile Exchange, copper

futures for March delivery climbed 9.1 cents, or 6.4

percent, to $1.522 a pound.

Stockpiles of copper rose 4,100 tons and more than made up

for yesterday’s slide of 325 tons, the first drop since

Dec. 11.

MARKET ALERT AT 9.50 PM FEB 3

MCX FEB COPPER : CMP RS. 164.30, LOW RISK

TRADERS MAY BOOK PARTIAL PROFITS IN OUR

BUY CALL AT RS. 162.20.

MARKET ALERT ON FEB 3 TUESDAY 9.15 PM IST

MCX Feb copper is expected to test Rs 166 ,

if it sustains above Rs 160.

CMP Rs 162.20.

TECHNICALS FOR NYMEX TRADING FEB 3

MCX FEB COPPER

TREND ; SHORT RUN ; CONSOLIDATION

MEDIUM TERM ; DOWN TREND

SUPPORTS ; 156.40, 152.90, 150.50

RESISTANCES ; 159.70, 161.10, 164.90

STAY SHORT AT RESISTANCES

MARKET ALERT AT 4 PM FEB3

MCX FEB CPPER CMP RS. 158.60 LOOKS BEARISH

AND COULD RETEST RS. 154 LEVELS,

CURRENT RESISTANCE IS SEEN AT RS. 161.

MARKET ALERT ON FEB 3 TUESDAY 3.15 PM IST

Low risk traders Exit from long call given by

us around 159 levels.

Wait for fresh entry.

AKSHAYA.

MARKET ALERT AT 2 PM FEB 3

MCX FEB COPPER : TREND MODERATELY BULLISH

INTRADAY BASIS, LME INVENTORY EXPECTED 2.30 PM

PROTECT PROFITS AS HUGE VOLATILITY EXPECTED.

market alert at 12 noon feb 3

MCX FEB COPPER CMP RS. 159, IS

BULLISH AND COULD TEST RS.162.50

TO 163 LEVELS,CURRENT SUPPORT SEEN AT

RS.. 156.

TECHNICALS FOR FEB 3

MCX FEB COPPER

SHORT TERM : SIDEWAYS

LONG TERM : BEARISH

SUPPORTS : 153.40, 150.9, 149.50

RESISTANCES : 158.20, 159.90, 162.80

WAIT FOR CONFIRMATION

MARKET ALERTAT 8.45 PM

MCX FEB COPPER CMP RS. 158, CURRENT

SUPPORT FOR INTRADAY AT RS. 155.

MARKET ALERT AT 8.30 PM

MCX FEB COPPER CMP RS. 156.9

EXIT SHORTS AND WAIT FOR FRESH CALL.

MARKET ALERT AT 8.30 PM

MCX FEB COPPER CMP RS. 156.30 SEEMS

RANGE BOUND AS OF NOW AND IS NOT BREAKING

OUT EITHER SIDE, TRADE WITH CAUTION AND

STRICT STOPLOSS.

MARKET ALERT ON FEB 2 MONDAY 6.10 PM IST

MCX Feb Copper is expected to test Rs 153.60,

if it sustains below Rs 159.60,

CMP Rs 156.85.

MARKET ALERT

MCX FEB COPPER NOW HAS SUPPORT AT RS. 156.5

CMP RS. 158.2, AND IS SUSTAINAS ABOVE RS. 160

COULD TEST RS. 162 LEVELS.

TECHNICALS FOR NYMEX TRADING FEB 2

MCX FEB COPPER

SHORT TERM ; SIDEWAYS

LONG TERM : BEARISH

SUPPORTS ; 156, 153, 150.50

RESISTANCES ; 159.60, 162, 166

WAIT FOR CONFIRMATION

MARKET ALERT

MCX FEB COPPER HAS NEXT RESISTANCE

AT RS.160 LEVELS. CMP RS. 158.30.

MARKET ALERT

LME INVENTORY DOWN 325 M.TONS.

EXPECT SOME PULL BACK.

MARKET ALERT 2.15 PM

LME DATA OF INVENTORY CRUCIAL FOR NEXT

MOVEMENT IN COPPER , CMP RS. 153.30

MARKET ALERT

MCX FEB COPPER CMP RS. 154.40, BOOK

PARTIAL PROFITS IN OUR SELL CALL

AS ADVISED EARLIER , ELSE PLEASE OPERATE

WITH STRICT STOP LOSS RS. 156.50 AS CORRECTION

NOT RULED OUT.

MARKET ALERT

MCX FEB COPPER : THOSE HOLDING SHORTS

ARPER OUR RECOMMENDATION THIS MORNING

AT RS.155.75 CAN TRAIL STOP LOSS TO

RS. 157.

MARKET ALERT

PERU 'S LARGEST MINING UNION FEDERATION SAID OVER THE WEEKEND


IT HAS AGREED OVER THE WEEKEND IT HAS AGREED TO



CALL A NATION WIDE STRIKE STARTING ON MARCH 15, TO PROTEST


MOUNTING JOB CUTS,ANDTO PRESSURE CONGRESS TO LIFT


CAPS ON PROFIT SHARING.PERU IS WORLDS TOP PRODUCER


OF SILVER, NO 2 IN COPPER AND ZINC,AND RANKS FIFTH


IN GOLD OUTPUT.

MARKET ALERT

MXC FEB COPPER IS WEAK CMP RS.155.50,

REMAIN SHORT AT RS. 155.75 TO 156 LEVELS

FOR TARGET RS. 152.75, AND 151 ,RESISTANCE

NOW SEEN ATRS.158.30.

TECHNICALS FOR FEB 2

MCX FEB COPPER

SHORT TERM : BEARISH

LONG TERM : BEARISH

SUPPORTS :156, 152, 148.60

RESISTANCES : 159, 161, 165

STAY SHORT AT RESISTANCES