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Wednesday, July 14, 2010

MRKT ALERT 2 PM

MCX Aug Copper current high 315.20 against our pre market T2 of 315.30, Traders holding longs book max profits. Res will be seen at 316.50.

12 comments:

Unknown said...

Good call. Can you explain what system/strategy you use?

akshaya said...

shiva,
technicals and charts as also fundamental news and datas.
akshaya

Unknown said...

Akshaya,
The levels I get using standard pivot formulae and S&R indicators are different than what you publish. Would appreciate if you can share a bit in detail.

Also would be interested to know what trending indicators you use to determine the possible trend.

Thanks in advance
Shiva

Unknown said...

akshaya
i have short position at 311.40 can i expect a new low from here, can i hold my position please?
thanking you

akshaya said...

seenu, copper has now strong supp at 311 and 309.80 res abv 316.50,trading in middle as of now!
akshaya

akshaya said...

shiva,

the technicals used by us are the standard tools??? nothing different!
akshaya

Dhananjay said...

Hi Akshaya, would you recommend selling copper for a lower Tgt, at this point?

Anonymous said...

Dear Sir, Tomorow there are a lot of datas from China, What is your prediction. Do u think that coming datas would be negative or positive. These datas are very important for base metal. I think coming datas would be negative for base metals as market is predicting as base metals are in corrective mode. please share your views as its important for all your followers.
Thanx

akshaya said...

sirs, tomorrow chin data is very imp for next movein base metals; chineses govt seems to be takinh necessary steps to cool donw the pace of its economy as also inflation; data coming tomorrow cld reflct steps taken for this and the pace may hv slowed downa bit, but we feel that overall if copper breaks and closes abv 317, next move cld be towards 322 and 326; only a break and close below 309 will confirm next round of bearishness!!!!
akshaya

Anonymous said...

Dear Sir, Thanks for share your views with us.Do u think the copper can open tomorow gap down or gap up as datas will come before opening our Indian market at 10 pm. I thing this is risky for your followers to hold any plus or short position till next day.

Anonymous said...

sorry its 10 am

mukesh saini said...

dear sir, if chinese data will be negative then base matels will be moving downtrend but what will be the impact of chinese data on gold and silver. is it any bullish posibility in gold and silver if datas will be negative?