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Monday, August 31, 2009
CLOSING COMMENTARY ON AUG 31 MONDAY
Copper prices dropped nearly 5 % due to weaker
fundamentals. Copper Nov prices broken strong sup of
307 and still continuing its bearish signals. But
remember prices should close above 307 levels. Below
307 prices looks more weak and if prices continue this
trend tomo then can be more bearish. Prices could test
300 - 295 levels below the strong res level of 307.
Any strong buying above this level could be the buying
side. Wait for confirmation.
Copper prices dropped nearly 5 % due to weaker
fundamentals. Copper Nov prices broken strong sup of
307 and still continuing its bearish signals. But
remember prices should close above 307 levels. Below
307 prices looks more weak and if prices continue this
trend tomo then can be more bearish. Prices could test
300 - 295 levels below the strong res level of 307.
Any strong buying above this level could be the buying
side. Wait for confirmation.
MKT ALERT AT 4.35 PM AUGUST 31
MCX NOV COPPER : TESTED SUPPORT 310/ CLD MOVE UP ABOVE 312.50
AND CLD TEST 315/317 SUPPORT BELOW 309.75.( TRADERS CAN LONG
AT 312.50 LEVELS WILTH STOPS 309.75)
AND CLD TEST 315/317 SUPPORT BELOW 309.75.( TRADERS CAN LONG
AT 312.50 LEVELS WILTH STOPS 309.75)
Friday, August 28, 2009
mkt alert at 12.45 pm aug 28
mcx aug copper low risk traders book part
profits at 313.70 ( buy at 312.70)
profits at 313.70 ( buy at 312.70)
UPDATES FOR AUG 28 2009
AUG 28 FRIDAY
S1 RS 305.60 , S2 RS 303 , S3 RS 300.60
R1 RS 310.50 , R2 RS 312.70 , R3 RS 316
WAIT FOR CONFIRMATION .
S1 RS 305.60 , S2 RS 303 , S3 RS 300.60
R1 RS 310.50 , R2 RS 312.70 , R3 RS 316
WAIT FOR CONFIRMATION .
Thursday, August 27, 2009
CLOSING COMMENTARY FOR AUG 27 THURSDAY 10.30 PM IST
Copper prices trading range bound with high volatile.
Prices trading between 306 - 310 levels for almost a
week. No clear trend seen unless it close below or
above either side. Today copper managed to break the
strong sup of 306 - 305.50 but unable to hold as buying
comes in.
Overall range bound and trend decider is 306 and 312.
Copper prices trading range bound with high volatile.
Prices trading between 306 - 310 levels for almost a
week. No clear trend seen unless it close below or
above either side. Today copper managed to break the
strong sup of 306 - 305.50 but unable to hold as buying
comes in.
Overall range bound and trend decider is 306 and 312.
MKT ALERT AT 4.45 PM AUG 27
MCX AUG COPPER HAS STRONG SUPPORT AT 306/ AND
CLD TEST RES 308.50/TO 310/TRDAERS HOLDING SELLS
PROTECT POSITIONS.
CLD TEST RES 308.50/TO 310/TRDAERS HOLDING SELLS
PROTECT POSITIONS.
MKT ALERT AT 1.50 PM AUG 27
MCX AUG COPPER : LOW RISK TRDAERS BOOK PART PROFITS AT
306.10 TO 306.25 ( SELL GIVEN BELOW 307.10)/ OTHERS
WAIT FOR LEVELS GIVEN.
306.10 TO 306.25 ( SELL GIVEN BELOW 307.10)/ OTHERS
WAIT FOR LEVELS GIVEN.
MKT ALERT AT 1.40 PM AUG 27
MCX AUG ALUMINIUM: LOW RISK TRADERS IF ANY HOLDING
SELLS BOOK PART PROFITS AT 88.70 TO 88.80
SELLS BOOK PART PROFITS AT 88.70 TO 88.80
UPDATES FOR AUG 27 2009
AUG 27 THURSDAY
S1 RS 305.60 , S2 RS 303 , S3 RS 300.60
R1 RS 310.50 , R2 RS 312.70 , R3 RS 316
WAIT FOR CONFIRMATION .
S1 RS 305.60 , S2 RS 303 , S3 RS 300.60
R1 RS 310.50 , R2 RS 312.70 , R3 RS 316
WAIT FOR CONFIRMATION .
Wednesday, August 26, 2009
MKT ALERT AT 7.20 PM AIG 26
MCX AUG COPPER IS WEAK BELOW 308.50 AND CLD TEST
304.20/302.40 WITHRES ABV 310.75.
304.20/302.40 WITHRES ABV 310.75.
UPDATES FOR AUG 26 2009
AUG 26 WEDNESDAY
S1 RS 303.60 , S2 RS 300.60 , S3 RS 297
R1 RS 307.80 , R2 RS 310.50 , R3 RS 312.60
WAIT FOR CONFIRMATION .
S1 RS 303.60 , S2 RS 300.60 , S3 RS 297
R1 RS 307.80 , R2 RS 310.50 , R3 RS 312.60
WAIT FOR CONFIRMATION .
Tuesday, August 25, 2009
CLOSING COMMENTARY FOR AUG 25 TUESDAY
Copper prices seems highly range bound with mixed
fundamental data. No clear trend seen in copper.
Prices need to close above 311 - 312 range to have
positive note till 316 - 320 levels. But prices seems
trendless and trading between 306 to 310. Strong sup
is at 306 and a close below this only weak.
No strong buying or selling seen.
Copper prices seems highly range bound with mixed
fundamental data. No clear trend seen in copper.
Prices need to close above 311 - 312 range to have
positive note till 316 - 320 levels. But prices seems
trendless and trading between 306 to 310. Strong sup
is at 306 and a close below this only weak.
No strong buying or selling seen.
UPDATE FOR AUG 25 2009
AUG 25 TUESDAY
S1 RS 308.60 , S2 RS 306 , S3 RS 303
R1 RS 313.60 , R2 RS 316.20 , R3 RS 320
WAIT FOR CONFIRMATION .
S1 RS 308.60 , S2 RS 306 , S3 RS 303
R1 RS 313.60 , R2 RS 316.20 , R3 RS 320
WAIT FOR CONFIRMATION .
Monday, August 24, 2009
MKT ALERT AT 9.35 PM AUG 24
Mcx Aug Copper Trading near day highs Book Partial
Profits at Cmp: 311.60, & Amend Stops to Cost for
the TGT of 313.60(Longs Advised at 309.90-309.40)
Profits at Cmp: 311.60, & Amend Stops to Cost for
the TGT of 313.60(Longs Advised at 309.90-309.40)
MKT ALERT AT 9 .10 AUG 24
MCX AUG COPPER ; TRADERS BOOK PART PROFITS AT 311.60
( BUY GIVEN AT 309.90)
( BUY GIVEN AT 309.90)
mkt alert at 9 pm aug 24
High risk call) Buy Mcx Aug Copper at 309.90-309.40
SL: below: 306 TGT: 313.60 Cmp: 309.90.
SL: below: 306 TGT: 313.60 Cmp: 309.90.
mkt alert at 8.20 pm aug 24
TGT Extended upto 90.30 in Mcx Aug Alluminium. earlier
TGT: 91.30 ( ShortsAdvised at 92.70-92.80) Amend Stops
to abv:92.35 Cmp: 91.25.
TGT: 91.30 ( ShortsAdvised at 92.70-92.80) Amend Stops
to abv:92.35 Cmp: 91.25.
5.30 pm aug 24
Low risk traders can Book Profits in Mcx Aug Alluminium
at Cmp: 92 Others can Wait for the TGT of 91.30 & Exit
Longs in Mcx Aug Lead at 94.50 Cmp: 94.40
at Cmp: 92 Others can Wait for the TGT of 91.30 & Exit
Longs in Mcx Aug Lead at 94.50 Cmp: 94.40
4.50 pm aug 24
(High risk call) Buy Mcx Aug Lead at 94.80-94.70 SL:
below: 93.70 TGT: 96.20 Cmp: 94.90. & Alluminium Cover
Shorts if Breaches 93.20 ( Shorts Advised at 92.70-92.80)
below: 93.70 TGT: 96.20 Cmp: 94.90. & Alluminium Cover
Shorts if Breaches 93.20 ( Shorts Advised at 92.70-92.80)
mkt alert at 4.10 pm aug 24
Sell Mcx Aug Alluminium at 92.70-92.80 SL: abv: 93.90
TGT:91.80/91.30 Cmp: 92.70
TGT:91.80/91.30 Cmp: 92.70
MKT ALERT At 11.30 pm aug 24
MCX AUG COPPER : LOW RISK TRADERS BOOK PROFITS AT 310.75
TO 311( BUY AT 309.50 TO 310)
TO 311( BUY AT 309.50 TO 310)
mkt alert at 10.45 am
Buy Copper Aug between 309.50 - 310 SL below 307.50 T1 312 T1 315
Buy Crudeoil Sep between 3595 - 3600 SL below 3570 T1 3640 T2 3660
Buy Crudeoil Sep between 3595 - 3600 SL below 3570 T1 3640 T2 3660
UPDATES FOR AU 24 2009
AUG 24 MONDAY
S1 RS 305.60 , S2 RS 303.30 , S3 RS 301.90
R1 RS 311 , R2 RS 313.60 , R3 RS 316
WAIT FOR CONFIRMATION.
S1 RS 305.60 , S2 RS 303.30 , S3 RS 301.90
R1 RS 311 , R2 RS 313.60 , R3 RS 316
WAIT FOR CONFIRMATION.
Saturday, August 22, 2009
Friday, August 21, 2009
UPDATES FOR AUG 21 2009
AUG 21 FRIDAY
S1 RS 292.50 , S2 RS 290.30 , S3 RS 288
R1 RS 296.80 , R2 RS 298.90 , R3 RS 301.90
WAIT FOR CONFIRMATION.
S1 RS 292.50 , S2 RS 290.30 , S3 RS 288
R1 RS 296.80 , R2 RS 298.90 , R3 RS 301.90
WAIT FOR CONFIRMATION.
Thursday, August 20, 2009
MARKET ALERT ON AUG 20 THURSDAY 3.15 PM IST
MCX Aug copper next bullishess above rS 299.40
If it sustains above this it could test Rs 302
and then rs 304.50
support is seen below Rs 295.80.
MCX Aug copper next bullishess above rS 299.40
If it sustains above this it could test Rs 302
and then rs 304.50
support is seen below Rs 295.80.
Labels:
RS 299.40
MKAT ALERT AT 10.45 AM AUG 20
MCX AUG COPPER : CMP 298.60/ APPROACHING T1
AT 299/ LOW RISK TRADERS BOOK PROFITS AT 298.60 TO 299
( BUY AT 297 TO 297.40.)
AT 299/ LOW RISK TRADERS BOOK PROFITS AT 298.60 TO 299
( BUY AT 297 TO 297.40.)
MKT ALERT AT 10.35 AM AUG 20
MCX AUG COPPER : TRADERS HOLDING LONGS AS PER
OUR BUY/ BOOK PART PROFITS AT 298.15 TO 298.50.
OUR BUY/ BOOK PART PROFITS AT 298.15 TO 298.50.
Wednesday, August 19, 2009
CLOSING COMMENTARY FOR AUG 19 WEDNESDAY
Copper prices corrected for the 4th day in MCX.
from 311 to 287 levels. But prices seems firm and
buying coming at lows...A close above 296 could take
copper again upto 300 levels. Strong res is at 302
and a break and close could be more positive.
Buy at dips advised .
Copper prices corrected for the 4th day in MCX.
from 311 to 287 levels. But prices seems firm and
buying coming at lows...A close above 296 could take
copper again upto 300 levels. Strong res is at 302
and a break and close could be more positive.
Buy at dips advised .
UPDATES FOR AUG 19 2009
AUG 19 WEDNESDAY
S1 RS 295 , S2 RS 293.20 , S3 RS 291
R1 RS 299.80, R2 RS 302.20 , R3 RS 304.60
WAIT FOR CONFIRMATION.
S1 RS 295 , S2 RS 293.20 , S3 RS 291
R1 RS 299.80, R2 RS 302.20 , R3 RS 304.60
WAIT FOR CONFIRMATION.
Tuesday, August 18, 2009
Copper prices went up initially and could not able
to manage at higher levels especially in its
strong res of 302. Selling pressure comes at every highs
joined hands with profit booking. Prices highly
volatile between 292 - 300 levels. A break and close above
302 could be positive till 310 levels. Wait and watch.
to manage at higher levels especially in its
strong res of 302. Selling pressure comes at every highs
joined hands with profit booking. Prices highly
volatile between 292 - 300 levels. A break and close above
302 could be positive till 310 levels. Wait and watch.
MKT ALERT AT 7.45 PM AUG 18
MCX AUG COPPER TRADING ABV RES 296, CLD RETEST 297.50/299
LEVELS SUPPORTS BELOW 293.
LEVELS SUPPORTS BELOW 293.
MKT ALERT AT 6.15 PM AUG 18
MCX AUG COPPER : CURRENT RES SEEN ABV 299
AND SUPPORTS 296/294.CLD TEST S2 IF BREAKS BELOW S1.
AND SUPPORTS 296/294.CLD TEST S2 IF BREAKS BELOW S1.
MKT ALERT AT 6.10 PM AUG 18
EVEN WE DID NOT EXPECT THIS CRASH LANDING SO FAST IN COPPER.....
OUR FORECAST BELOW 299 WLD TEST 297/295 CURRENT LOW 295.85 !
OUR FORECAST BELOW 299 WLD TEST 297/295 CURRENT LOW 295.85 !
MKT ALERT AT 6 PM AUG 18
OUR PREVIOUS MSG HALF HOUR AGO
MCX AUG COPPER BELOW 299......TGT 297/295
CMP 295.85!!!!
MCX AUG COPPER BELOW 299......TGT 297/295
CMP 295.85!!!!
MKT ALERT AT 5 PM AUGUST 18
IF MCX AUG COPPER BREAKS DOWN BELOW 299 CLD
TEST 297/295 LEVELS AND RES WLD BE ABV 302.20.
TEST 297/295 LEVELS AND RES WLD BE ABV 302.20.
Monday, August 17, 2009
MKT ALERT AT 5.40 PM AUG 17
MCX AUG COPPER ;T RADERS HOLDING LONGS AT 296.40
BOOK MAXIMUM PROFITS AT CMP 299.20.
BOOK MAXIMUM PROFITS AT CMP 299.20.
MKT ALERT AT 5 PM AUG 17
MCX AUG COPPER ; TRADERS HOLDING LONGS AT 296.20 TO 296.60,
BOOK PART PROFITS AT CMP 297.90.
BOOK PART PROFITS AT CMP 297.90.
MKT ALERT AT 4.30 PM AUG 17
High risk traders Buy Mcx Aug Copper at 296.60 - 296.20
SL: below: 294 TGT: 300 Cmp: 296.60.
SL: below: 294 TGT: 300 Cmp: 296.60.
MKT ALERT AT 3.30 PM AUG 17
MCX AUG ALUMINIUM; APPROACHING T1 AT 92.50, CMP 92.75,
TRADING HAVING SELLS AS PER OUR CALL AT 93.80, BOOK
FURTHER PROFITS AT 92.50 TO 92.75.
TRADING HAVING SELLS AS PER OUR CALL AT 93.80, BOOK
FURTHER PROFITS AT 92.50 TO 92.75.
MKT ALERT AT 10.50 AM AUG 17
MCX AUG ALUMINIUM: LOW RISK TRADERS BOOK PART PROFITS
AT 93.40 ( SELL AT 93.80) OTHERS HOLD FOR LEVELS GIVEN.
AT 93.40 ( SELL AT 93.80) OTHERS HOLD FOR LEVELS GIVEN.
Friday, August 14, 2009
TECHNICALS FOR NYMEX TRADE FOR AUG 14 2009
AUG 14 FRIDAY
TRADING LEVELS FOR NYMEX TRADE
S1 RS 307.40 , S2 RS 305 , S3 RS 303
R1 RS 311.59 , R2 RS 313 , R3 RS 315.60
WAIT FOR CONFIRMATION.
TRADING LEVELS FOR NYMEX TRADE
S1 RS 307.40 , S2 RS 305 , S3 RS 303
R1 RS 311.59 , R2 RS 313 , R3 RS 315.60
WAIT FOR CONFIRMATION.
TECHNICALS LEVELS FOR AUG 14 FRIDAY
AUG 14 FRIDAY
TRADING LEVELS FOR NYMEX TRADE
S1 RS 14960 , S2 RS 14920 , S3 RS 14870
R1 RS 15056 , R2 RS 15090 , R3 RS 15135
WAIT FOR CONFIRMATION.
TRADING LEVELS FOR NYMEX TRADE
S1 RS 14960 , S2 RS 14920 , S3 RS 14870
R1 RS 15056 , R2 RS 15090 , R3 RS 15135
WAIT FOR CONFIRMATION.
UPDATES FOR AUG 14 2009
AUG 14 FRIDAY
S1 RS 306.40 , S2 RS 303 , S3 RS 300.70
R1 RS 310.30 , R2 RS 313 , R3 RS 317
WAIT FOR CONFIRMATION .
S1 RS 306.40 , S2 RS 303 , S3 RS 300.70
R1 RS 310.30 , R2 RS 313 , R3 RS 317
WAIT FOR CONFIRMATION .
Thursday, August 13, 2009
TECHNICALS FOR NYMEX TRADE FOR AUG 13 2009
AUG 13 THURSDAY
TRADING LEVELS FOR NYMEX TRADE
S1 RS 305.60 , S2 RS 303 , S3 RS 300.70
R1 RS 310.30 , S2 RS 313 , S3 RS 317
WAIT FOR CONFIRMATION.
TRADING LEVELS FOR NYMEX TRADE
S1 RS 305.60 , S2 RS 303 , S3 RS 300.70
R1 RS 310.30 , S2 RS 313 , S3 RS 317
WAIT FOR CONFIRMATION.
MKT ALERT AT 12 NOON AUG 13
MCX AUG ALUMINUIUM BUY AT 96.80 TO 96.85 SL BELOW 95.50
TGTS 97.70/98.20
TGTS 97.70/98.20
Wednesday, August 12, 2009
Tuesday, August 11, 2009
MKT ALERT AT 11.30 AM AUG11
MCX AUG COPPER IS BULLISH ABV 294.50 AND CLD TEST
296.50/298 SUPPORT BELOW 291.30.
296.50/298 SUPPORT BELOW 291.30.
Monday, August 10, 2009
MKT ALERT AT 2.40 PM AUG 10
MCX AUG COPPER APPROACHING TGT 298.60, HIGH RISK TRADERS
HOLD FOR TGTS 299.50/300.50, OTHERS BOOK PROFITS,
( BUY AT 294.50 TO 294.80.)
HOLD FOR TGTS 299.50/300.50, OTHERS BOOK PROFITS,
( BUY AT 294.50 TO 294.80.)
mkt alert at 10.20 am aug 10
MCX AUG COPPER : BULLISH, LONGS CAN BE INITIATED
AT 291.50 TO 292 STRICTLY, WITH STOPLOSS 288.50
FOR TGTS 296/298.50.
AT 291.50 TO 292 STRICTLY, WITH STOPLOSS 288.50
FOR TGTS 296/298.50.
UPDATES
TECHNICALS FOR AUG 10
MCX AUG COPPER
SUPP:291/288/286
RES; 295.30/297/299.30
PREFER LONGS AY SUPPORTS
MCX AUG COPPER
SUPP:291/288/286
RES; 295.30/297/299.30
PREFER LONGS AY SUPPORTS
Friday, August 7, 2009
UPDATES FOR AUG 7 2009
AUG 7 FRIDAY
S1 RS 286.50 , S2 RS 284 , S3 RS 282.30
R1 RS 293 , R2 S 295 , R3 RS 297
WAIT FOR CONFIRMATION.
S1 RS 286.50 , S2 RS 284 , S3 RS 282.30
R1 RS 293 , R2 S 295 , R3 RS 297
WAIT FOR CONFIRMATION.
Thursday, August 6, 2009
mkt alert at 2 pm aug 6
mcx aug copper abv 293 cld soot up high upto
295/298 levels,support below 290;/ mcx aug nickel
abv 958 cld test 970/980 levels support at 920.
295/298 levels,support below 290;/ mcx aug nickel
abv 958 cld test 970/980 levels support at 920.
Wednesday, August 5, 2009
MKT ALERT AT 8.50 PM AUG 5
MCX AUG ALUMINIUM : NEXT TGT 102 WITH SUPPORT BELOW 95.20
WE ARE ON BUY FROM 81 810 DAYS BACK!
WE ARE ON BUY FROM 81 810 DAYS BACK!
UPDATES FOR AUG 5 2009
AUG 5 WEDNESDAY
S1 RS 289, S2 RS 287 , S3 RS 284.50
R1 RS 293.30 , R2 RS 295 , R3 RS 298
WAIT FOR CONFIRMATION.
S1 RS 289, S2 RS 287 , S3 RS 284.50
R1 RS 293.30 , R2 RS 295 , R3 RS 298
WAIT FOR CONFIRMATION.
Tuesday, August 4, 2009
TECHNICALS FOR NY,MEX TRADE FOR AUG 4 2009
AUG 4 TUESDAY
TRADING LEVELS FOR NYMEX TRADE
S1 RS 281.30 , S2 RS 278.60 , S3 RS 276
R1 RS 286.50 , R2 RS 288.50 , R3 RS 290.60
WAIT FOR CONFIRMATION.
TRADING LEVELS FOR NYMEX TRADE
S1 RS 281.30 , S2 RS 278.60 , S3 RS 276
R1 RS 286.50 , R2 RS 288.50 , R3 RS 290.60
WAIT FOR CONFIRMATION.
UPDATES
TECHNICALS FOR AUG 4
MCX AUG COPPER
SUPP: 284.60/281/278.60
RES: 288.50/290/293
PREFER LONGS AT SUPPORTS STRICTLY
MCX AUG COPPER
SUPP: 284.60/281/278.60
RES: 288.50/290/293
PREFER LONGS AT SUPPORTS STRICTLY
Monday, August 3, 2009
CLOSING COMMENTARY FOR AUG 3 MONDAY
Copper prices went straight away till 286 after it
broke 273 levels. Prices looks bullish. Copper
could test 290 - 300 levels this week if prices
sustained above 277 - 278. Profit booking can be
seen on intraday basis. Strong res is at 286 - 287.
Buy on every dips advised.
Copper prices went straight away till 286 after it
broke 273 levels. Prices looks bullish. Copper
could test 290 - 300 levels this week if prices
sustained above 277 - 278. Profit booking can be
seen on intraday basis. Strong res is at 286 - 287.
Buy on every dips advised.
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