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Wednesday, February 18, 2009

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.

7 comments:

chiranjeevi said...

dear sir,
i had shorted copper at 157.5 now almost all it is trading around this price, can you advice either i hold or exit at this positon.

akshaya said...

ATTENTION MR CHIRANJEEVI
Copper is right now unable to neither break support nor resistance.
It could test Rs 163 if it holds above Rs 156.30.
If you have any short position you could maintaina stop loss of Rs 160.AKSHAYA

Unknown said...

SIR PS TELL I HAVE BUYED COPPER AT 173.LAST WEEK I AM HOLDING MY BID FOR LONG POSITION WAT 2 DO NOW

akshaya said...

ATTENTION MR RAJ
Hold copper for the time being.
Copper has medium term support at Rs 154 and then at Rs 148.
AKSHAYA

Unknown said...

cmp is 157.25, What will be the trend in short term, will it go up or down till today closing? Thanks sir.

akshaya said...

sunil,

it might go up we feel in closing.
akshaya

akshaya said...

ATENTION MR ROHIT
Hold long for now till further advise.
Copper has medium support at Rs 154 and then at Rs 148.
AKSHAYA