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Thursday, July 29, 2010

MARKET ALERT ON JULY 29 THURSDAY 1.30 PM IST

LME INVENTORY DATA

COPPER 100 MT UP

LEAD 475 MT UP

NICKEL 444 MT .

ALUMINIUM 4500 MT DOWN

17 comments:

pushkar said...

sirji...lme slight positive will it effect d cop upside move..pls evaluate.

Dhananjay said...

Hi Akshaya,
Copper seems to be taking support at 333.5... would you advice to hold the sell for 332?

aaa said...

buy cppr in the range 34-34.5 targetting 37.5 - 39.6 s/l 33.1

Unknown said...

some one plz tell me abt zinc

pushkar said...

i short 2 lot copper at 337.9....pls advise .

aaa said...

book profit in cppr at 337.9 1st trgt achvd

Unknown said...

@aaa
since the time you posted the call, the low for copper has been 335.3.. which means your call hasn't triggered.. so what profits are you talking about?

akshaya said...

ATTENTION MR PUSHKAR
Copper now has immediete Res at Rs 339. Support seen below Rs 333.30.
Looks positive for now ,
For any further trend reversal have to wait for nymex to open.
AKSHAYA

akshaya said...

ATTENTION MR DHANANJAY
We have not given any sell call today. Only levels were mentioned.
AKSHAYA

Unknown said...

Hai shiva,

we r in short position@336.5 level what we do

Unknown said...

If Inventory is +ve then why we are getting upward move in copper?
like if inventory comes -ve then copper rise and if it is coming positive then it shold come down!!

pushkar said...

nymex open at what time..in i.s.t.

Dhananjay said...

NYMEX Opens at 7.00 PM IST

Copper is moving up due to some positive data from China on increase in copper demand

pushkar said...

can ic 335 level today....

akshaya said...

sirs, lme has only limited impact on prices unless the quantity is steep!!//copper now supp at 335 and res at 338, looks positve for now.
akshaya

karim123 said...

sir i short 4 lot copper @337.10 can i hold?

akshaya said...

sir, copper range 334 to 339 now, close intraday,
akshaya