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Thursday, August 5, 2010

MRKT ALERT 1.30 PM

05/08 LME Inventory Update Copper -875MT Lead +2250MT Zinc -700MT Nickel -90MT Aluminum -4475MT Tin -210MT

11 comments:

Rajat said...

hello Mr Akshay,

I have been following your blog regularly. I have come across two long term calls, the first says if copper holds above 353 we could hit all time highs and the second says we could head towards 290 levels. Could you kindly suggest levels for short, medium and long term in copper.

thanx

saravanan said...

jobless data nrgative for market and basemetal ?i go short copper at cmp

akshaya said...

rajat,
positionally breakout on charts is a close abv356//down side string supp at 338, below this on closing basis cld test further lows!!
akshaya

akshaya said...

saravanan, now copp moving in range 338 to 348, we hv no sells yet!
akshaya

Unknown said...

akshaya is u r stopp loss gonna trigg today?

akshaya said...

seenu, we gave at 12.20pm for low risk tradesr to exit aound 344.30 from longs!!!for high risk traders sl is 342.
akshaya

pushkar said...

can we buy at342.5...pls advise

akshaya said...

ATTENTION MR PUSHKAR
MCX Aug copper weak below Rs 342. Next support seen at Rs 340.
wait for entry.
AKSHAYA

Unknown said...

hard luck with our sl getting triggered for the shorts y'day guys !

pushkar said...

sirji broked 340also ......still positive above 338....

akshaya said...

sir, copper strong supp weekly basis is 338,
akshaya