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Friday, July 2, 2010

MARKET ALERT ON JULY 2 FRIDAY 1.30 PM IST

LME WAREHOUSE STOCKS

COPPER DOWN 2125 MT

NICKEL DOWN 348 MT

ALUMINIUM DOWN 5250 MT

ZINC DOWN 75 MT

LEAD DOWN 775 MT.

13 comments:

Parthee said...

Hi,

I have short postion @ 301 whether to hold or exit from it .

Please suggest.

Thanks,
Partheeban

akshaya said...

ATTENTION MR PARTHEE
Copper is now trading above Res 305.50.
The next immediete Res at Rs 306.30 / 307.20.
Support is seen below Rs 301.50,
As nymex is closed on Mon not much can be said of the trend as of now .
AKSHAYA

mukesh saini said...

dear sir, i bought two lots @305/- avg. shall i wait for 310/-

akshaya said...

ATTENTION MR MUKESH
Copper is moving in a band right now and trend does not seem clear. Wait for fresh entry. Support is seen below Rs 301.50 .
AKSHAYA

pushkar said...

how does berojgari data of u.s. effect the market...if up then what?..if down then what?....pls explain

Unknown said...

sir,3 lots bought @ 305 shall i hold the position ? VIJAY

akshaya said...

ATTENTION MR PUSHKAR
Am not able to understand what data u are asking about.
AKSHAYA

akshaya said...

ATTENTION MR VIJAY
Copper has immediete support at Rs 301.50 . Res is seen at Rs 306.30 /307.10.We have no call at the moment.
AKSHAYA

Dhananjay said...

Akshaya,
The Data pushkar asking was the Non Farm payroll Data and Unempoyment Data

pushkar said...

sir imean 2 say that how payroll data and jobless rate run the market.....can upls xplain me...

Dhananjay said...

Pushkar
http://www.investopedia.com/terms/n/nonfarmpayroll.asp

The link above should answer ur question

akshaya said...

ATTENTION PUSHKAR
Non farm employment data negative for usd .
AKSHAYA .

sonu said...

sir wts new