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Thursday, February 5, 2009

UPDATE

MARKET ALERT AT 12.30 PM

MCX FEB COPPER CMP RS. 165, COULD

TEST RS. 161.75 LEVELS, RESISTANCES

SEEN AT RS. 167.60.

10 comments:

Anurag said...

I Short At 165.00

What Would Be Stop Loss

And Target ????(162)

akshaya said...

anurag,

stop loss would be 167.60 to 168,, first target rs. 162

.akshaya

Aakash Goyal said...

can i short copper at 164.50

akshaya said...

KRISHNA,

COPPER NOW AT RS.HORT YR STOP LOSS IS RS. 167.60 TO 168 LEVELS.

robin said...

i have 2 lots buy in 165.50,wat will i do for day trading

akshaya said...

ROBIN,

TREND INTRADAY SEEMS WEAK, AND COULD TEST RS. 162 LEVELS, RESISTANCE AT RS. 167.60.
AKSHAYA

Anurag said...

Silver, Gold Uptrend

Affect Copper ^ Up

Cmp (165.80)

akshaya said...

ANURAG,

YOU ARE CORRECT , MOMENTUM FOR COPPER IS NOW UP AFTER SHIFT IN BULLION MOMENTUM AND COPPER WILL HAVE SUPPORTS NOW AT RS.163.50 AND COULD RETEST RS. 168 AND 170.

ECB AND BANK OF ENGLAND MEETING GOING ON ON INTEREST RATES DECISIONS WHICH IS MAKING THE MARKET MOVE UP AND DOWN,.
AKSHAYA

akshaya said...

ROBIN, COPPER TREND REVERSING, BANK OF ENGLAND MEETING GOING ON FOR DECIDING INTEREST RATE CUT , IF ANY, AND INCREASING SPECULATION EITHER WAYS. COPPER NOW HAS SUPPORT AT RS. 163.50 AND COULD RETEST RS. 168 .
AKSHAYA

akshaya said...

KRISHNA,

COPPER TREND REVERSING DUE UPWARD MOMENTUM SEEN IN BULLION, AND BANK OF ENGLAND MEET GOING ON IN INTEREST RATE DECISION.COPPER HAS SUPPORT AT RS. 163.50 AND RESISTANCE AT RS. 168 AND 170.
AKSHAYA