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Friday, February 6, 2009

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.

20 comments:

Sunny said...

When would be the right time to sell sir? Thanks.

akshaya said...

ATTENTION MR SMART
The copper buy target right now is till Rs 172.
No sell call at this stage.
Maybe when nymex opens there could be a reversal of trend .
Will infm you .
AKSHAYA.

sunny said...

hii
can we sell frm 171 ???
trgt
n
sl ?

akshaya said...

ATTENTION MR SUNNY
Copper is now only having a bullish momentum.
Copper could test upto Rs 172.
Reversal of trend can be seen only after nymex opens.
No confirmation yet on selling as yet.
Will rvt as and when it happens.
AKSHAYA.

robin said...

i have short copper in 169.15. can i wait or have a sl?

akshaya said...

robin,

our buy call targets were 170 and 172( call given at rs. 166.60).selling was not advised.

akshya

robin said...

copper is coming down,will it touch the said target(172)cmp,168.50

akshaya said...

ATTENTION MR ROBIN

Copper seems to be taking a little bit of correction.It has intra day support at RS 168.
We feel it could still test Rs 172.Any reverse trend will infm you.
AKSHAYA.

Anonymous said...

When would be the right time to sell sir?

akshaya said...

ATTENTION MR CHAKLO
Now is not the time to sell.
Copper only seems to have an upward bias.It has srong intra day support at Rs 168.
It is expected to test Rs 172.
As and when any reversal of trend will infm you.
AKSHAYA.

Amit Sethi said...

crude, gold, silver all falling..
What position can we take here in copper? can we go long wth SL of 168, tgt 172 or any other call is suggested? Please suggest.

akshaya said...

ATTENTION MR AMIT SETHI
We feel copper only has a positive bias.
You can keep Rs 168 as stop loss and hold for target of Rs 172.
If any negative trend emerges,We will infm you.
AKSHAYA.

Aakash Goyal said...

can i sell copper at 171.80

Sunny said...

Do you feel still copper has a positive bias and it won't come down? Thanks!

akshaya said...

ATTN SMART,

WE FEEL HAS STRONG SUPPORT AT RS. 168 AND NEXT RESISTANCEAS AROUND RS. 178, HENCE DO NOT SHORT AT THIS POINT OF TIME AND IF AT ALL BE LONG AT RS. 170/ 171 LEVELS.
AKSHAYA

akshaya said...

KRISHNA,

DO NOT SHORT COPPER, SUPPORT IS AT RS. 168, AND RESISTANCE RS. 178, YOU MAY GO LONG AT RS. 170/ 171.

AKSHAYA

akshaya said...

MR. AMIT SETHI, AS INFD TO YOU EARLIER COPPER HIT TARGET RS. 172, HOLD LONGS WITH STOPS AT RS. 168
AND TARGETS RS. 176 AND RS. 178.
AKSHAYA

akshaya said...

SUNNY,

GO LOG IN COPPER WITH STOPS AT RS. 168 AND TARGETS RS. 176 AND RS. 178
AKSHAYA

akshaya said...

ROBIN,

GO LONG IN COPPER WITH STOP AT RS. 168 AND TARGET RS. 176 AND 178.
AKSHAYA

akshaya said...

CHAKLO,

YOU CAN LONG COPPER WITH STOP AT RS. 168 AND TARGET RS. 176 AND RS. 178.
AKSHAYA