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Thursday, September 30, 2010

MRKT ALERT 7.20 PM

MARKET ALERT ON SEPT 30 THURSDAY 7.30 PM IST

MCX NOV COPPER fACING STRONG RES AT 363.50-363.75

BREAK ABOVE THIS COULD TEST 365/367 WITH SUP AT

361.

LOW RISK TRADERS ADVISED FRESH LONGS ABOVE SAID

LEVELS ONLY .

MRKT ALERT 6.48 PM

Low Risk traders Exit Copper upto 361.80..!

MRKT ALERT 6.05 PM

Unemployment Claims A 453K F 458K P 465K Final GDP q/q A 1.7% F 1.6% P 1.6%
UPDATE ON SEPT 30 THURSDAY 1.35 PM IST

Buy Copper Nov between 362.30 - 362.80

SL below 360.50

T1 364.50

T2 366
MARKET UPDATES FOR SEPT 30 THURSDAY 1.30 PM IST

LME DATA

Aluminium Down 3150 MT

Copper Down 950 MT

Lead Down 225 MT

Nickel Down 102 MT

Zinc Up 225 MT .

UPDTAES FOR SEPT 30 2010

SEPT 30 THURSDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 360.30 , S2 RS 358.10 , S3 RS 355.40

R1 RS 364.40 , R2 RS 366.90 , R3 RS 369.20

WAIT FOR CONFIRMATION .
GM, SEPT 30,7.50AM: CRUDE$77.75, POSITVE ABV 3505 RES AT 3540 AND SUPP 3475/NAT GAS$3.96//GOLD$1308 HIT RECORD HIGH ABV $1313 LAST NIGHT ,SILVER$21.86 HIT RECORD 30 YEAR HIGH ABV$22 YESTERDAY, BOTH BULLIONS BULLISH, HOLD SILVER MINIS AS PER BUY LEVELS GIVEN YESTERDAY )CARRYOVER)///LME COPPER HOLDS ABV $8000 ON GOOD CHINESE MANUFACTURING DATAS , WEAK US DOLLAR AND CONTINUOUS DRAWDOWN IN INVENTORIES TO 10 MONTH LOWS, CHINA CLOSED FOR 1 WEEK FROM TOMORROW// COPPER MORE POSITVE ON CLOSE ABV 363.50, /BASE METALS CURRENTLY DOWN IN EARLY TRADES , EXP OPEN LOWER SUPP AT 359 RES 363.50 LTO 362.10.

Wednesday, September 29, 2010

MRKT ALERT 7.15 PM

MCX NOV COPPER TRADERS CAN BOOK PART PROFITS UPTO 362, BUY GIVNE AT 361-361.30. (RESET)
MARKET ALERT ON SEPT 29 WEDNESDAY 1.30 PM IST

COPPER DOWN 175 MT

LEAD UP 300 MT

NICKEL UP 450 MT

ZINC DOWN 675 MT

ALUMINIUM DOWN 3350 MT
MARKET ALERT ON SEPT 29 WEDNESDAY 1.00PM IST


MCX Nov Copper Target 1 Achieved at Rs 362.80 ,

buy was given beytween Rs 361 to 361,.30
MARKET ALERT ON SEPT 29 WENESDAY 12.25 PM IST

MCX Nov Coper traders holding buys between Rs 361 to 361.30

can book part profits at cmp rS 362.20

Others hold with levels given...
Buy Copper Nov between 361 - 361.30 SL below 358.80 T1 362.80 T2 364.20 ( Moderate Risk )

UPDATES FOR SEPT 29 2010

SEPT 29 WEDNESDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 359.10 , S2 RS 357 , S3 RS 355

R1 RS 363 , R2 RS 365.80 , R3 RS 368

WAIT FOR CONFIRMATION .
GM SEPT29,7.20AM: CRUDE$76.43, TRADING ABV RES 3475 NEXT RES 3500 SUPP 3450//NAT GAS$3.95//GOLD$1309 DECEMBER GOLD TGT 19350 ACH LAST NIGHT NEXT RES $1320 MCX AROUND 19450// SILVER$21.78 OUR CARRYOVER SILM BUY TGT 33050, SUPP NOW AT 32800 AND RES TGT 33250 IF SUSTAINS ABV 33000//BASE METALS TRADING AT HIGHS LME COPPER $7980 RES 363 SUPP 359, US DOLLAR WEAKENS TO 6 MONTH LOW AND LME STOCKS AT 10 MONTH LOWS, WEAK DOLLAR MAKES IT CHEAPER FOR PURCHASING BASE METALS, ALSO POOR CONSUMER CONFIDENCE DATA WEAKENS US DOLLAR!!

Tuesday, September 28, 2010

MARKET ALERT ON SEPT 28 TUESDAY 8.20 PM IST

Traders holding longs in copper as per our call given

between Rs 359.30 to 359.80 can book part profits

at CMP Rs 361 .

Others hold with levels given .

MRKT ALERT 8.06 PM

BUY MCX NOV COPPER AT 359.30-359.50 SL BELOW 356.50 TGT 362/363.50.

MRKT ALERT 4.29 PM

BASE METALS ESPECIALLY COPPER IF SUSTAINS ABOVE 358, COULD SEE SOME MINOR UPWARD CORRECTION TRADING RANGE NOW 356-360.50 TRADERS HOLDING SELLS PROTECT POSITIONS WITH PROFIT STOPS.
MCX NOV COPPR RESET SELL UP TO 358,BOOK PART PROFITS AT CMP 357.LOW 356.80.
LME : ALU DOWN 3000, COPPER DOWN 2850, LEAD UP 800, NICKEL UP 1176, ZINC DOWN 675.
MARKET ALERT ON SEPT 28 TUESDAY 12.50 PM IST


MCX Nov Copper traders holding sells at Rs 357.70 to 358 ,

book part profits up to Rs 356.90 to 357.10 //

Others hold for levels .
LOW RISK TRADERS ADVISED TO WAIT FOR ENTRY AS MKTS EXP TO BE RANGE BOUND COPPER 355 TO 360/NICKEL 1048 TO 1030.
NCDEX OCT STEEL: T2 ACH AT 25690/BUY GIVEN AT 25230 TO 25250/BOOK FULL PROFITS CALL OVER!!!
TRADING CALL FOR SEPT 28 TUESDAY 11.00 AM IST

High risk traders sell MCX Nov Copper at Rs 357.50 to

358 . SL Above Rs 360,.50 ,

Tgt Rs 356.40 /// 355.20 ...

UPDATES FOR SEPT 28 2010

SEPT 28 TUESDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 357 , S2 RS 355 , S3 RS 353

R1 RS 361 , R2 RS 364 , R3 RS 367

WAIT FOR CONFIRMATION .
GM SEPT 28,8AM: MKTS TRADING HIGHLY RANGE BOUND, HENCE LESS OPURTUNITIES YESTERDAY, AND CONTINUES TODAY// CRUDE$76.28,NAT HAS$3.80//GOLD$1294.50,SILVER$21.35 BOTH TRADING MARGINALLY WEAK MCX OPEN DEPENDS ON INR MOVEMENTS//BASE METALS TRADING FLAT WITH MILD NEGATIVE BIAS COPPER SUPP 357 RES 360.50 NICKEL SUPP 1030 RES 1048 SILVER SUPP 32350 RES 32950 GOLD SUPP 19020 RES 19200 CRUDE RES 3472 SUPP 3420.TRADERS ADVISED TO EXCERCISE CAUTION AND PATIENCE FOR FRESH ENTRY!!!

Monday, September 27, 2010

REMINDER: CHINA AGAIN CLOSED FROM OCT1 TO OCT 8// BIAS EMETALS TTRADING RANGE BOUND WITH A NEGATIVE BIAS AWAITING DATAS FROM US EXP FROM TOMORROW EVENING!!!
MCX NOV COPPER STRONG SUPPORT AT 357, A CLOSE BELOW 357 WLD BE MORE NEGATIVE TILL 355, RES NOW AT 360.50.
MCX NOV COPPER TRADING AT STRONG SUPPORTS 358 TO 359,NEXT SUPPORT NOW AT 356.0 AND RES 362.

UPDATES FOR SEPT 27 2010

SEPT 27 MONDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 361.05 , S2 RS 358.40 , S3 RS 356.10

R1 RS 365.40 , R2 RS 367.60 , R3 RS 369.80

WAIT FOR CONFIRMATION .
CHINA OPENS TODAY AFTER 3DAYS HOLIDAY; WILL REMAIN CLOSED AGAIN FROM 1 OCT TO OCT 8// LME COPPER $7960//USD REMAINS WEAK AGAINST EORU BOOSTING COMMODITIES.
GM SEPT 27, 7.40AM; CRUDE$76.57 OPENS FLAT//NAT GAS OPENS SHARPLY DOWN $3.76 DOEN OVER 2%// GOLD $1297, SILVER$21.41 SILVER SUPP 32300 RES 32740/32950/33050, GOLD SUPP 19060 RES 19180, 19250// BASE METALS OPENS MARGINALLY DOWN COPPER SUPP 360 RES 365.

Saturday, September 25, 2010

GM SEPT 25 ,7.45AM: CRUDE$76.49 LTP 3477; NAT GAS $3.90//GOLD$1298 SUPP 1908 RES 192000, SILVER$21.39 CARRYOVER LONGS LAST 2 DAYS TRAIL SL TO 32300 AND HOLD FOR 32740/32950( INR STRENGTH HOLDING BACK BULLIONS IN MCX SILVER TRADING AT 30 YEAR HIGHS HOLD LIFE HIGHS)//COPPER LTP 361.10 SUPP 357.80 RES 363, NICKEL LTP 1041 SUPP 1035 RES 1048; ZINC LEAD ALU TRADING STRONG// CHINA OPENS ON MONDAY THEN GOES FOR A WEEKS HOLIDAY AFTER 3 DAYS!!!!!!!!!!

Friday, September 24, 2010

MARKET ALERT ON SEPT 24 FRIDAY 7.25 PM IST

MCX Nov Copper approaching Target 1 Rs 363.20

CMP Rs 362.80

Book further profits .

Buy was given above Rs 361.50 .......

MRKT ALERT 7.20 PM

MCX NOV COPPER LOW RISK TRADERS CAN BOOK PART PROFITS UPTO 362.40, BUY GIVEN ABOVE 361.50. (RESET)

MRKT ALERT 4.45 PM

Traders could reset copper again abv 361.5 ...!

MRKT ALERT 12.40 PM

MCX Nov Copper low risk traders can book part

profits upto 362.30, others can hold for given

targets. ( Intraday Call )
Buy Copper Nov above 361.50 SL below 358.90 T1 363.20 T2 364.80. ( Intraday Call )
TRADING CALL FOR SEPT 24 FRIDAY 11.10 AM IST

Ncdex Oct Steel Buy At 25250 to 25230

SL Blw 25100

TGT 25550 .

UPDATES FOR SEPT 24 2010

SEPT 24 FRIDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 357 , S2 RS 355 , S3 RS 352

R1 RS 363 , R2 RS 365 , R3 RS 368

WAIT FOR CONFIRMATION .
GM SEPT 24,8AM: CRUDE$74.86, NAT GAS$4.02/GOLD$1293,SILVER$21.16, ALL TRADING FLAT IN EARLY TRADES, SILVER SUPP 32300 RES 32650/32740//BASE METALS TRADING MARGINAALY DOWN, LME COPPER CMP$7880 HIGH YESTERDAY $7909, COMMEX COPPER$3.5850, MCX SUPP 358 RES 362.50.//DATA TONITE : NEW HOLE SALES, DURABLE GOODS ORDERS.

Thursday, September 23, 2010

MRKT ALERT 8.10 PM

MCX NOV COPPER HIGH RISK TRADERS HOLDING LONGS CAN BOOK PART PROFITS UPTO 361, BUY GIVEN AT 359.80-360.40. (RESET).

MRKT ALERT 7.32 PM

U.S Existing Home Sales Act 4.13M Fore 4.11M Prev 3.83M

MRKT ALERT 5.50 PM

LOTS OF DATA FROM US EXP AFTER 6 PM TRADERS HOLDING LONGS TRADE WITH STRICT SL OR LOW RISK TRADERS EXIT AROUND COST.

MRKT ALERT 5.05 PM

MCX Nov Copper low risk traders book part propfits upto 361.40, othrs hold for levels given. Buy given at 360 - 360.5.
LME COPPER DOWN 1975//NICKEL UP 468// ALUMINIUM DOWN 4400/ZINC DOWN 750/ LEAD DOWN 625.

MRKT ALERT 1.30 PM

Lme copper down 1975 nickel up 468 zinc down 750 lead down 625 alu down 4400

MRKT ALERT 1.10 PM

MCX Nov Copper Low risk traders book part profits upto 361.40., others can hold for given targets. Buy given between 359.80- 360.40.
Buy Copper Nov between 359.80 - 360.40 SL below 357.80 T1 363 T2 365
TECHNICALS FOR SEPT 23

MCX NOV COPPER

SUPP: 357/355/353
RES: 360/361.50/363
GM SEPT 23, 7.15AM: CRUDE$74.74 HIGHER FROM LAST NIGHT CLOSE IN MCX// NAT GAS $3.98// GOLD$1294 EXP OPEN HIGHER, SILVER$21.24 EXP POSITVE OPEN , HOLD SILVER MINI BUYS GIVEN TESTERDAY AS PER TGTS GIVEN//BASE METALS TRADING AT HIGHS LME COPPER$7838 MCX SUPP 357 RES 360, NICKEL SUPP 1024 RES 1043//ZINC POSITVE WITH RES 99.80 SUPP 98//

Wednesday, September 22, 2010

MRKT ALERT 7.25 PM

MCX Copper as expected went up straight. More positive above 358 till 360 - 361 levels. Sup seen around 355. Levels only..!
THE US DOLLAR WEKENED TO A 5 MONTH LOW AGAINST THE EURO AFTER THE FED STATEMENTS MAKING BASE METALS CHEAPER !!!!! LME COPPER AT $7710 AND COMMEX COPPER TRADING ABV $3.50.

MRKT ALERT 5.58 PM

MCX NOV COPPER ADVISED HIGH RISK BUY ABOVE 353 FOR TGTS 354.50-356, BOTH TGTS ACH BOOK FULL PROFITS.

MRKT ALERT 5.44 PM

MCX Copper Traders holding shorts could exit and buy above 353 SL below 351.50 Target of 354.50 - 356 levels. Only high risk traders. Low risk avoid as highly volatile.

MRKT ALERT 4.42 PM

MCX NOV COPPER APP OUR T1 AT 351.80, SELL GIVEN UPTO 353 FOR HIGH RISK TRADERS. CMP 352.
MCX NOV COPPER STRONG SUPP SEEN AT 352 TO 351.59 AND A BREAK OF WHICH CLD TGT LOWER LEVELS// CRUDE STRONG SUPP ST 3440/3420 RES 3475// SILVER RES STRONG AT 32500 A BREAK OF WHICH CLD TEST HIGHER LEVELS.
mkt alert at 1.45pm

mcx nov copper : book part profits at cmp 352./sell given at 353.

MRKT ALERT 1.30 PM

LME Data :- Aluminium -5650, Copper +2075, Lead -200, Nickel +714, Zinc +1700.
Sell Copper Nov upto 353 SL above 354 T1 351.80 T2 350.50 ( High Risk )
TECHNICALS FOR SEPT 22

MCX NOV COPPER

SUPP: 350.50/349/347.50

RES:355.50/357/358.80
FOMC KEEPS INTEREST RATES UNCHANGED// GOLD HITS RECORD HIGH CLOSES ABV $1287 CMP $1288, SILVER $20.97//BASE METALS AND CRUDE OPENS HIGHER// USD WEAKENS AFTER FED MOVE!

Tuesday, September 21, 2010

MARKET ALERT ON SEPT 21 TUESDAY 10.15 PM IST

USD Federal Funds Rate Forecast <0.25 %

previous < 0.25 %

( Actual data to be released at 11.45 pm )

MRKT ALERT 7.50 PM

MCX NOV COPPER T1 ACH AT 352, SELL GIVEN AT 354 FOR HIGH RISK TRADERS

MRKT ALERT 7.10 PM

MCX NOV COPPER HIGH RISK TRADERS HOLDING SELLS UPTO 354 CAN BOOK PART PROFITS UPTO 353. (RESET)
US FED'S OPEN MARKETCOMMITTEE STARTS DISCUSSIONS ON INTEREST RATES AT 6.30PM EXPECT VOLATILITY// CHINA ON HOLIDAY 22,23,24 SEPT; REOPENING ON MONDAY//

MRKT ALERT 5.05 PM

MCX NOV COPPER// HIGH RISK TRADERS HOLDING SELLS AT 354 CAN BOOK PART PROFITS UPTO 353.10/ OTHERS HOLD FOR LEVELS.
MKTS SEEM TO BE REVERSING//LOW RISK TRADERS HOLDING SELLS IN COPPER CLD EXIT AROUND 354.50 TO 354.70.

MRKT ALERT 1 .30 PM

LME Data: Aluminum: -3950; Copper: -2475; Lead: +50; Nickel: -366; Zinc: -150;
MCX NOV COPPER : TRADERS HOLDING SELLS BOOK PART PROFITS UPTO 352.35/OTHERS HOLD FOR LEVELS GIVEN.
SELL MCX NOV COPPER UPTO 354 SL ABV 356 TGTS 352/350.50.
BASE METALS OPENED GAP DOWN ON IMPENDING FED MEET DECISONS TONITE IN US//COPP RES 356 SELL ON RISES UPTO 354,99 SUPP 96.50 SUPP 352, 350.50// NICKEL RES 1060 SUPP 1045/1040// ZINC SUPP 97 RES 98.85// LEAD RES 99 SUPP 97//CRUDE RES 3525 SUPP 3480, 3460.//SILVER MARGINALLY WEAK BELOW 32000 TILL 31800 RES 32250.

UPDATES FOR SEPT 21 2010

SEPT 21 TUESDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 352 , S2 RS 350 , S3 RS 348

R1 RS 355.10 , R2 RS 357 , R3 RS 359

WAIT FOR CONFIRMATION .
GM SEPT21,7.45AM: CRUDE$74.39 OPENS MARGINALLY LOWE, NAT GAS$3.82 TRADING FLAT//GOLD$1279, SILVER$20.80 BOTH TRADING FLAT//WAYCH OUT FOR INR OPEN FOR OPEN RATES//LME COPPER$7739 TRADING MARGINALLY POSITIVE RES 356.50 SUPP 352/350.50/NICKEL SUPP1049 RES 1074//ZINC AND LEAD TRADING FLAT PAST 3 DAYS//FOMC RATE DECISION MEET TONITE; BUILDING STARTS AND PERMITS DATA THIS EVENING.

Monday, September 20, 2010

THE FED MEETS TOMORROW IN THE US TO DECIDE ON VARIOUS STIMULUS MEASURES AND LOW INTEREST RATE REGIME EVEN AS USD PLUNGED TO A 4 WEEK LOW AGAINST THE EUR0//SIDEWARD MOVEMENT EXP TILL THEN// CRUDE SEPT CONTRACT EXPIRY THIS EVENING!!!
MCX NOV COPPER: TRAIL SL BELOW 356 FOR BUYS AT 356.70.

MRKT ALERT 1.30 PM

LME Inventory: Copper -1700, Aluminum -5050, Nickel -168, Lead +100, Zinc -625
MCX NOV COPPER: LOW RISK TRADERS BOOK PART PROFITS UPTO 357.80/BUY AT 356.70 TO 357.10//OTHERS HOLD FOR LEVELS.
Buy Copper Nov between 356.70 - 357.10 SL below 355 T1 359 T2 361

UPDATES FOR SEPT 20 2010

SEPT 20 MONDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 3564.80 , S2 RS 352.10 , S3 RS R348.60

R1 RS 359.60 , R2 RS 361.60 , R3 RS 364.20

WAIT FOR CONFRMATION .
UPDATE AT 8.30AM:BASE METALS TRADING POSITVE COPPER UP ABOUT 0.50%, ZINC UP OVER 1%//BULLIONS AND CRUDE OPEN POSITVE , NAT GAS OPENS GAP DOWN!!
GM SEPT20,7.40AM: CRUDE$73.88 TRADING FLAT TO MARGINALLY UP//NAT GAS $3.93 OPENS DOWN OVER 1%/ GOLD$1279, SILVER 20.86 OPENSFLAT TO MARGINALLY POSITIVE ( WATCH OUT FOR INR OPEN !!)//BASE METALS OPEN POSITIVE LME COPPER $7735 OPENS HIGHER ABOUT 0.30%//FE MEET IN US TOMORROW// CHINA MKTS CLOSED THIS WEEK 22, 23, 24 SEPT//

Friday, September 17, 2010

MRKT ALERT 1.55 PM

MCX Nov Copper T1 achieved at 359, hold for T2
given..!

MRKT ALERT 1.30 PM

17/09 LME Inventory Update Copper -2950MT Lead -275MT Zinc -800MT Nickel -348MT Aluminum -3975MT

MRKT ALERT 1.30 PM

MCX Nov Copper app our T1 at 359, cmp 358.50, book further profits. Buy given at 357.40.

MRKT ALERT 12.50 PM

Nov Copper low risk traders can book part profits upto 358.30, others hold for targets given. Buy given at 357.40..!

MRKT ALERT 12.35 PM

Buy Copper Nov between 357 - 357.40 SL below 355.50 T1 359 T2 361 (Trade Less Volumes )

UPDATES FOR SEPT 17 2010

SEPT 17 FRIDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 352 , S2 RS 350 , S3 RS 348

R1 RS 357.80 , R2 RS 359.80 , R3 RS 362

WAIT FOR CONFIRMATION .
BASE METALS TRADING FLAT LME COPPER $7648//COPPER SUPP AT 354 RES 357.50, A WEEKLY CLOSE ABV $3.50 IN COMMEX MORE POSITVE CMP $3.48//NICKEL SUPP 1060 RES 1085// LAED, ZINC, ALU ALL RANGE BOUND PAST FEW DAYS, NO OPURTUNITY YET!!

Thursday, September 16, 2010

MRKT ALERT 7.30PM

MCX Nov Copper T2 achieved at 357.50, high
risk traders hold for T3.
MCX NOV COPPER : T2 ALMOST ACH ACH AT 357.50, HIGH 357.25/BUY GIVEN AT 352.60 TO 353/LOS RISK TRADERS BOOK FULL PROFITS./HIGH RISK TRADERS HOLD FOR EXT TGT 358.80//TRAIL SL TO COST.
MCX NOV COPPER : T2 ALMOST ACH ACH AT 357.50, HIGH 357.25/BUY GIVEN AT 352.60 TO 353/LOS RISK TRADERS BOOK FULL PROFITS./HIGH RISK TRADERS HOLD FOR EXT TGT 358.80//TRAIL SL TO COST.
MCX NOV COPPER APP T2 AT 357.50 CMP 356.75//BOOK FURTHER PROFITS.
MCX NOV COPPER?TRADERS HOLDING LONGS AT 352.60 BOOK FURTHER PROFITS UPTO 356.20/LOW RISK TRADERS TRAIL SL TO COST/OTHERS HOLD A SPER OUR LEVELS.
PPI m/m A 0.4% F 0.3% P 0.2% Unemployment ClaimsA 450K F 463K P451K Core PPI m/m A 0.1% F 0.1% P 0.3% Current Account A -123B F-124B P -109B Data Mixed For USD
LOTS OF DATA EXP AFTER 6 PM FROM US //VOLATILITY EXP TO CONTINUE //LOW RISK / MULTIPLE LOT TRADERS PROTECT PROFITS//

MRKT ALERT 4.30 PM

MCX Nov Copper T1 achieved at 355.10, hold for T2 given.

MRKT ALERT 4.30 PM

MCX Sep Nickel Current high 1076.40 against our T1 at 1077, book further profits or hold for targets given.Buy given at 1068.

MRKT ALERT 4.15 PM

MCX Nov Copper approaching our T1 at 355.10, cmp 354.30, book further profits,others hold for given targets. Buy given at 352.60..!
BASE METALS TRADING VERY NARROW RANGE/ EXTRY AND EXITS EVEN IF PROFITS ARE SMALL FOR LOW RISK/MULTIPLE LOT TRADERS VERY IMPORTANT!!!!!
MCX Nov Copper low risk traders can book part profits upto 353.60, others can hold for levels given. Buy given at 352.60 to 353.10.
LME UPDATE

COPPER DOWN 2350 MT//NICKEL DOWN 96 MT// LEAD DOWN 2250 MT// ZINC DOWN 550 MT// ALUMINIUM DOWN 4750 MT.

MRKT ALERT 1.30 PM

LME Data: Aluminum: -4750; Copper: -2350; Lead: +2200; Nickel: -96; Zinc: -550;

MRKT ALERT 1 PM

News Tonight : - 6.00 PM PPI Prv 0.2% Exp 0.3%. Unemployment Claims Prv 451k Exp 463k. Current Account Prv -109B Exp -124B. 6.30 PM Long Term Purchases Prv 44.4B Exp 37.9B. 7.30 PM Manufacturing Index Prv -7.7 Exp 0.9. 8.00 PM Natural gas storage Prv 58B Exp 93B

MRKT ALERT 1.00 PM

Buy Copper Nov between 352.60 - 353.10 SL below 351 T1 355.10 T2 357.50 ( Moderate Risk )
GM, SEPT 16, 8.10AM: CRUDE $75.55 TRADING MARGINALLY LOWER, SUPP STRONG AT 3450 RES 3525/3550 TRADING ZIG ZAG PAST FEW DAYS //NAT GAS$4.00//GOLD$1269, SILVER $20.59 SUPP 31800 RES 32300/32450 HOLD SILMINI LONGS AS PER OOUR BUY YESTERDAY// BASE METALS TRADING FLAT TO MARGINALLY POSITVE LME COPPER $7620, COPPER SUPP 351 RES 357, NICKEL SUPP 1060 RES 1085//DATA FROM US TONITE INITIAL JOBLESS CLAIMS!!

Wednesday, September 15, 2010

UPDATE AT 7 PM

DATA FROM US TODAY WEAK FOR BASE METALS//COPPER WEK BELOW 353 WITH RES ABV 355.50 AND CLD TEST SUPP 351.50/350/349.

MRKT ALERT 1.33 PM

LME Data: Aluminum: +625; Copper: -1025; Lead: -325; Nickel: +822; Zinc: +1425

UPDATES FOR SEPT 15 2010

SEPT 15 WEDNESDAY

TRADING LEVELS FOR MORNIN SESSION

S1 RS 352.80 , S2 RS 350 , S3 RS 348

R1 RS 355.10 , R2 RS 358.20 , R3 RS 362

WAIT FOR CONFIRMATION ,
UPDATE AT 9 AM: CRUDE $76.15, TRADING LOWER MARGINALLY//BULLIONS TRADING MILD POSITIVE, SILVER TRADES POSITVE , INR OPENS FLAT 46.44// BASE METALS OPEN MILD DOWN!!!
BASE METAS UPUPDATE: COPPER , ZINC, LEAD TRADING VERY NARROW RANGE AND NO CLEAR DIRECTION UNLESS COPPER CLOSES ABV 357 OR BELOW 350//OF ALL BASE METALS NICKEL POSITVE AND HITTING NEW HIGHS DAILY, NEXT RES 1085 TO 1090 CURRENT POSITONAL SUPP AT 1052//
GM SEPT 15.7.40AM: CRUDE$76.31( LTP 3544 SUPP 3520 RES 3570), NAT GAS$3.96//GOLD$1271, SILVER$12.51, GOLD LTP 19199 POSITIVE ABV 19200 TILL 19280/19340 SUPP 19080, 19000, SILVER BULLISH SUPP 31900 RES 32180/32300//BASE METALS TRADING FLATWITH MILD NEGATIVE BIAS//COPPER SUPP 350 RES 357, NICKL POSITVE WITH SUPP 1060 RES 1085//

Tuesday, September 14, 2010

BASE METALS CORRECTING DOWN, NICKEL TESTED SUPP1 AT 1059//COPPER SUPP STRONG AT 350//CRUDE NOT SUSTAINING AT HIGHER LEVELS, IMM SUPPORTS AT 3560/3548!!!!! RES AT 3590.TRADERS HOLDING POSITONS IN ANY OF ABV FOLLOW GIVEN LEVELS HERE
UPDATE: NOV COPPER HAS NEXT SUPPORTS BELOW 353 AT 352/350.50/349./// NEXT POSITIVE MOVE ABV 357 ONLY!!!!

MRKT ALERT 1.30 PM

LME Inventory: Copper +75, Aluminum +950, Nickel +216, Lead -475, Zinc -525
MARKET ALERT ON SEPT 14 TUESDAY 12.15 PM IST


MCX Nov copper call expired / traders still holding longs if

low risk exit up to Rs 354.50 ,

High risk traders maintain sl at Rs 353.40.
Buy Copper Nov between 355.50 - 356 SL below 354 T1 357.80 T2 359.40

UPDATES FOR SEPT 14 2010

SEPT 14 TUESDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 353.50 , S2 RS 351 , S3 RS 349

R1 RS 357.80 , R2 RS 359.80 , R3 RS 362

WAIT FOR CONFIRMATION .
GM SEPT 14,8AM: CRUDE$77.15( TRADING FLAT AT SAME CLOSING LEVELS SUPP 3570 RES 3620), NAT GAS$3.95( RES CLOSE ABV 185, SUPP 177.80)//GOLD$1251, SILVER$20.17( SUPP 31280 RES 31700)//BASE METALS TRADING FLAT LME COPPER $7620//

Monday, September 13, 2010

MRKT ALERT 6.40 PM

NEWS TONIGHT : 11.30 PM FEDERAL BUDGET BALANCE PREVIOUS -165.0B, EXP 102.0B, MARKET AWAITING FOR THE NEWS FOR NEXT MOVE.

MRKT ALERT 5.56 PM

MCX NOV COPPER T2 ACH AT 357, BUY GIVEN AT 353.80 FOR HIGH RISK TRADERS. HOLD FOR T3 GIVEN.

MRKT ALERT 5.54 PM

MCX NOV COPPER TRAIL SL TO BELOW 354.50 FOR LONGS.

MRKT ALERT 5.43 PM

MCX NOV COPPER T2 ALMOST ACH AT 357. HIGH 356.90, BUY GIVEN AT 353.80 FOR HIGH RISK TRADERS. TGT EXT UPTO 358.50.

MRKT ALERT 5.39 PM

MCX NOV COPPER APP OUR T2 AT 357, BUY GIVEN AT ABOVE 353.80 FOR HIGH RISK TRADERS. CURRENT HIGH 356.45.
MCX NOV COPPER: T1 ACH AT 355.50//BUY RECO FOR TRADERS ABV 353.80 AS LEVELS.//TRAIL SL SROUND COST.
MCX NOV COPPER APP T1 AT 355.50 CMP 355.25/BOOK FURTHER PROFITS .
MCX NOV COPPER" TRADRRS HOLDING BUY AT 353.80 BOOK PART PROFITS UPTO CMP 354.60/OTHERS HOLD AS PER LEVELS.
MCX NOV COPPER UPDATE: POSITIVE ABV 353.80 WITH SUPP BELOW 351.59 AND CLD TEST RES 355.50/357//HIGH RISK TRADERS CAN TRADE AS PER LEVELS GIVEN.

MRKT ALERT 10.40 AM

Base Metals open gap up. Wait for fresh entry as trend not clear and currently trading in between sup and res. Cop sup 348 Res 355. Nickel sup 1040 Res 1060 - 1063. Crude oil trading positive above 3550 and if holds above 3550 could test 3600/3620.
GM SEP 13, 7.20AM:CRUDE OPENS HIGHER CMP$77.17, EXP GAP UP OPEN//NAT GAS$3.81 TRADING LOWER OVER 1%//GOLD$1243, SILVER$19.89//BASE METALS OPEN SHARPLY HIGHER ON STRONG CHINA PRODUCTION DATAS OVER WEEKEND; COPPER UP OVER 1%, NICKEL, ZINC GAP UP AS PER CURRENT EARLY TRADES!!

Saturday, September 11, 2010

China’s industrial-production grew in August at a faster pace than economists estimated and inflation accelerated to the quickest since October 2008.Output gained 13.9 percent from a year earlier, the National Bureau of Statistics said in Beijing today. Consumer prices rose 3.5 percent, compared with 3.3 percent in July, as food costs climbed.

Friday, September 10, 2010

MRKT ALERT 6.30 PM

MCX Copper looks weak below 351 with Res seen above 353.50 and could test 349 - 347 levels..
MARKET ALERT ON SEPT 10 FRIDAY 6.15 PM IST


Chinese inflation data release postponed to tommorow morning

which will have a major impact on metals . Members are advised

not to carry over trades today as markets expected to be volatile

today on data expectation .
REMINDER: MCX NOV COPPER WEAK BELOW 351 WITH RES ABV 354 AND SUPP 349/347.50/LEVELS.
MCX NOV COPPER UPDATE: STRONG SUPP AT 351/349 AND RES 355/357.
LME : ALU DOWN 5100/ COPPER DN 1975/LEAD UNCHANGED/NICKEL UP 204/ZINC DOWN 675.
GE:CRUDE$75.85( EXP GAP UP OPEN)/NAT GAS$3.80( POSITVE OPEN)//GOLD$1251, SILVER$19.94//BASE METALS TRADING FLAT!!!LME COPPER $7557.
UPDATE AT 1 PM: CRUDE TRADING ABV STRONG RES$75.50, CMP$75.70, AS PER CURRENT LEVELS MCX CRUDE CLD OPEN BIG GAP UP!!!!!//BASE METALS RECOVERING FROM MORNING LOWS!!!
MKT UPDATE AT 12.45 PM: CRUDE RALLIES ABV $75, CMP$75.22, NAT GAS$3.78//GOLD$1248, SILVER$19.81//BASE METALS:COPPER,NICKEL TRADING FLAT TO MARGINALLY LOWER; ALUMINIUM TRADING HIGHER;ZINC AND LEAD FLAT!!!
China posted a third straight trade surplus of more than $20 billion, highlighting friction with the U.S. over claims that the nation’s currency is undervalued. The $20.03 billion excess in August, reported today by the customs bureau on its website, compared with $15.7 billion for the same month a year earlier.
AKAHAYA TEAM WISHES ALL ITS MEMBERS A HAPPY FESTIVE WEEKEND!!!
SEPT 10,7.50AM:CRUDE$74.85, LTP MCX 3469 TRADING AT EXACT SUPP 3470 LAST NIGHT WENT DOWN SHARPLY TO $74.30, NOW RECOVERED CMP MCX AROUND 3490//NAT GAS$3.80, MARGINALLY HIGHER//GOLD$1245, SILVER$19.71; BULLIONS TRADING WEAK GOLD SUPP 19880 RES 19080 SILVER SUPP 31000 RES 31500//BASE METALS OPEN MARGINALLY LOWER LME COPPER$7520 LTP 353.50 AT CURRENT LEVELS MCX AROUND 352.75//TRADA DATA FROMCHINA TO BE WATCHED THIS MORNING!

Thursday, September 9, 2010

MRKT ALERT 6.02 PM

US economic data6.00pm Trade Balance: Act -42.78 , Exp -47.4, Prior -49.9 (Billions)6.00pm Initial jobless claims: Act 451, Exp 470, Prior 472 (Thousands).
METALS UPDATE; MKTS WAITING FOR US TO OPEN AND RELEASE OF DATA AFTER 6PM!!!/LEVELS REMAIN THE SAME , COPPER SOME WEAKNESS CLD BE SELL BELOW 353, WITH RES ABV 355 AND SUPP 350.20.( LEVELS).

MRKT ALERT 2.45 PM

News Tonight - 6.00 PM Trade balance Prv -49.9B Exp -47.4B, 6.00 PM Unemployment Claims Prv 472K Exp 470K. 8.00 PM Natural Gas storage - Prv 54B Exp 51B. 8.30 PM Crudeoil Inventories - Prv 3.4M Exp 0.7M.

MRKT ALERT 2.20 PM

Exit Trades in Nickel and Copper..CMP 354.20, 1056
REMINDER: LOW RISK TRADERS AVOID TRADES OR EXIT//HIGH RISK TRADERS TRADE WITH GIVEN SL.
REMINDER: LOW RISK TRADERS AVOID TRADES OR EXIT//HIGH RISK TRADERS TRADE WITH GIVEN SL.
Sell Copper Nov upto 352.80 SL above 355.50 T1 349 T2 347.50/trade less volumes.
MARKETS CLOSED ON FRIDAY SEPT 10 MORNING SESSION, OPEN FROM 5 PM TO 11.30PM//MKTS CLOSED ON SATURDAY SEPT 11//TRADE LESS TODAY AND DO NOT CARRY OVER POSITIONS!!!
Copper already trading at lows. Strong Sup seen at 350 Res is at 353 - 356. Nickel also dropped but if not breaks and hold 1030 and buying could possible in coming days. Lead more weakness below 100, Res seen at 101. Zinc dropped breaking all supports and imp sup of 100, looks weak below 100 till 98 - 97.
AS EXP BASE METALS OPENED GAP DOWN // WILL HV TO WAIT FOR NEXT MOVES FROM LME FOR DIRECTION!!!!

UPDATES FOR SEPT 9 2010

SEPT 9 THURSDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 355 , S2 RS 353 , S3 RS 350.50

R1 RS 362 , R2 RS 364.50 , R3 RS367

WAIT FOR CONFIRMATION .
MARKET ALERT ON SEPT 9 THURSDAY 9.50 AM IST

UPDATE: Base MEtals in LME Trading Sharply Lower on the news

of Chinese Crackdown on Illegal funds. which led to liquidations in

shanghai Zinc where in open interest Dropped by 50,000 Lots or 10%.

this took its toll on Zinc prices which fell by 5% in Shanghai and

thereby pushing all the other metals also Lower. Base metals in MCX

are also expected to open sharply Lower .
EXP BASE METALS OPEN GAP DOWN//COPPER SELL AT 358 SL 360.80 TGTS356/355; SELL NICKEL AT 1062 SL 1070 TGTS 1055/1047//SELL ZINC 102.50 SL 103.35 TGTS 101.70/100.50.
Commodity prices in China declined today on market rumors that regulators were investigating large positions in natural rubber futures, the Securities Times said on its website, citing people it didn’t identify. Rubber prices dropped in Shanghai and the declines spilled over into other commodities including copper, aluminum and zinc, it said. SOURCE: BLOOMBERG.
METALS UPDATE AT 8.30AM: BASE METAL STILL TRADING GAP DOWN ABOUT 1.5 TO 2%//ZINC DOWN SHARPLY OVER 3% //CRUDE HOLDING AT $74.68.
GM, SEPT 9,7.45AM:CRUDE$74.70,NAT GAS$3.81//GOLD$1256/SILVER$19.83//MAJOR GAP DOWN IN BASE METALS IN OPENING TRADES DOWN ABOUT 2%!!!!!! STATEMENTS FROM FED LAST NIGHT TALKS OF DECELLERATION IN US ECONOMIC GROWTH!!!

Wednesday, September 8, 2010

MCX NOV COPPER UPDATE: SUPP STRONG SEEN NOW AT 356.60 AND RES 358.60, FURTHER WEKNESS ONLY ON CLOSES BELOW 355//TRADERS HOLDING SELLS PROTECT POSITONS.
MCX NOV COPPER: T1 CAH AT 355.30//S ELL GIVEN AT 357 TO 357.40
MCX NOV COPPER APPT1 AT 355.30 CMP 355.70/TRADERS HOLDING SELLS AT 357 TO 357.40 BOOK FURTHER PROFITS.

MRKT ALERT 1.50 PM

MCX Nov Copper High risk traders holding sells
can book part profits upto 356.20, Sell given at 357.40, others can hold for targets given.

MRKT ALERT 1.30 PM

LME COPPER -975 ZINC -25 ALU -1125 NICKEL -210 LEAD -50 TIN -30
BASE METALS MOVING WITH A SLIGHT POSITIVE BIAS AS OF NOW, NO CLEAR TREND SEEN TILL LME//NICKEL LOOKS POSITIVE ABV 1041, COPPER STRONG RES AT 359//LOW RISK TRADERS PREFER FRESH ENTRY AFTER LME// LEAD MINI ALSO AT ENTRY LEVELS NOW,//ZINCMINI MORE POSITVE ABV 102 TILL OUR GIVEN T2 YESTERDAY AT 102.50.
MCX SEPT ZINC MINI: OUR HIGH RISK CARRY OVER BUY GIVEN YESTERDAY AT 100.70,T1 ACH AT 102/TRAIL SL TO COST AND HOLD FOR T2.///MCX NOV COPPER : LOW RIKS TRADERS EXIT SELLS GIVEN AT 357 TO 357.40.
Sell Copper Nov between 357 - 357.40 SL above 359 T1 355.30 T2 353.80
UPDATE AT 9 AM: BASE METALS TURN MARGINALLY POSITIVE!!!!!!!!
UPDAT AT 8.15AM; BULLIONS HOLDING//CRUDE $73.70//BASE METALS TRADING FLAT TO MARGINALLY DOWN//BASE METALS DRIFTED DOWN YESTERDAY ON STRONGER DOLLAR VS EURO, ON SOME EURO CONCERNS ON BANKS AND LESS THAN EXP GERMAN INDUSTRIAL DATA!! BULLIONS SHOT UP ON EURO BANK CONCERNS!!
GM, SEPT8,7A.35 AM: CRUDE$73.70( DOWN ABOUT 35 CENTS ) LTP 3490, EXP OPEN MARGINALLY DOWN, RES NOW AT 3520 SUPP 3460//NAT GAS$3.90 UP ABOUT 1%//GOLD$1257(SUPP 19000 RES 19230), SILVER$19.89 SUPP 31100 RES 31700, HIGH RISK TRADERS HOLD CARROVER LONGS//BASE METALS OPEN MARGINALLY DOWN, LME COPPER BELOW$7700, COPPER LTP 357.40 SUPP 355 RES 359 TO 360.50//HIGH RIKS TRADERS HOLD CARRYOVER LONGS IN ZINCMINI//

Tuesday, September 7, 2010

MARKET ALERT ON SEPT 7 TUESDAY 10.15 PM IST

High Risk taders carry over longs in silver mini Nov

and Sept Zinc Mini as per levels given .
MCX NOV COPPER APP OUR GIVEN TGT LEVEL 358, RECO ABV 355.//TRADERS HOLDING LONGS BOOK PROFITS.

MRKT ALERT 6.55 PM

MCX NOV COPPER HIGH RISK TRADERS HOLDING LONGS ABOVE 354.80, BOOK PART PROFITS UPTO 356.20.

MRKT ALERT 6.20 PM

MCX NOV COPPER POSITIVE ABOVE 354.80 WITH SUP SEEN BELOW 352 AND COULD TEST RES 358 (HIGH RISK TRADERS COULD TRADE AS PER THESE LEVELS)
MCX NOV COPPER BELOW 355 HAS NEXT SUPP AT 353.60.RES NOW AT 358.
MCX NOV COPPER: T2 ACH AT 355.20//SELL AT 358.40/BOOK FULL PROFITS//MCX SEPT LEAD MINI APP T1 AT 100.20, CURRENT LOW 100.45 , BOOK FURTHER PROFITS TRAIL SL TO COST.
MCX NOV COPPER: STRONG SUPP AT 355 , APPROACHING T2 AT 355.20, CURRENT LOW 356//BOOK FURTHER PROFITS, HIGH RISK TRADERS TRAIL SL AROUND COST//SELL GIVEN AT 358.40.
LME INVENTORY FOR SEPT 7 TUESDAY 1.30 PM IST

COPPER DOWN 1400 MT

LEAD UP 25 MT

ZINC DOWN 525 MT

NICKEL 396 MT

ALUMINIUM DOWN 4575 MT .

MRKT ALERT 1.15 PM

MCX Nov Copper T1 achieved at 356.50, Sell given at 358.40, hold for T2 given..!
BASE METASL UPDATE:COPPER TAKING STRONG SUPP AT 357 LEVELS AND NICKEL AS WE MESSAGED AT 1016 LEVELS// CLD SEE REBOUND DEPENDS LME OPEN AT 1.30PM//LOW RISK TRADERS AVOID FRESH SELLS NOW// MCX SEPT LEAD MINI SELL, LOW RISK TRADERS ADVISE FRESH POSITONS AFTER LME....CMP 101.25, KEEP STRCI SL GIVEN.....
REMINDER: LOW RISK/MUTIPLE LOT HOLDERS KEEP BOOKING PROFITS AS RECOMMENDED AND TRAIL SL AROUND COST TO MAKE TRADES SAFE!!!
MCX NOV COPPER APP T1 AT 356.50 CURRENT LOW 356.90//BOOK FURTHER PROFITS//MCX SEPT NICKEL APP T1 AT 1016 CMP 1018/BOOK FURTHER PROFITS//LOW RISK TRADERS TRAIL SL AROUND COST.
MCX SEPT NICKEL: STRONG SUPP AT 1022, MORE WEAK NESS WILL BE SEEN BELOW 1022 TIL NEXT SUPP 1016, LOW RIKS TRADERS TRADE WITH CAUTION AND LESS VOLUMES OR SELL BELOW 1022.//MCX NOV COPPER : MORE WEAKNESS NEXT WL BE SEEN BELOW 356.40.
MCX NOV COPPER: LOW RISK TRADERS BOOK PART PROFITS UPTO 357.30./OTHERS HOLD FOR LEVELS.
Sell Copper Nov between 358.40 - 358.60 SL above 360.50 T1 356.50 T2 355.20

UPDATES FOR SEPT 7 2010

SEPT 7 TUESDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 357 , S2 RS 355 , S3 RS 353

R1 RS 362 , R2 RS 364.50 , R3 RS 367

WAIT FOR CONFIRMATION .
UPDATE AT 8.30AM; CRUDE TRADING AT AROUND$74, EXP OPEN WITH NEGATIVE BIAS//BASE METALS OPEN LOWER, EXP NEGATIVE OPEN// COPPER SUPP 357/WEEKLY SUPP 355 RES 363//NICKEL SUPP 1018( WEEKLY SUPP 1000) RES 1038//ZINC SUPP 99.60 , LEAD SUPP 100.10//SILVER OPENS MARGINALLY DOWN SUPP 31000 RES 31650.
GM SEPT7,7.30AM:MKTS HOLDING AT SAME LEVELS IN EARLY TRADES//CRUDE$74.07, LTP 3460//NAT GAS TRADING LOWER AT $3.86a( DOWN OVER 1%)//GOLD $1250,SILVER$19.87( TRADING FLAT)//LME COPPER $7690 LTP 360.60//ALLBASE METALS TRADING FLAT TO MARGINALLY DOWN IN EARLY TRADES.

Monday, September 6, 2010

LME INVENTORY FOR SEPT 6 MONDAY 1.30 PM IST

COPPER DOWN 800

LEAD DOWN 400

NICKEL DOWN 468

ZINC DOWN 475

ALUMINIUM DOWN 5175 .

UPDATES FOR SEPT 6 2010

SEPT 6 MONDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 356.40 , S2 RS 353 , S3 RS 351

R1 RS 360.50 , R2 RS 363 , R3 RS 365

WAIT FOR CONFIRMATION .
UPDATE: US MKTS SHUT TODAY, TRADES LIMITED TO MORNING SESSION //ASIAN INDICES TRADING HIGHER//EXP BASE METALS OPEN HIGHER COPPER SUPP 355 RES 362, NICKEL SUPP 1000 RES 1028/1034,//
GM SEPT6.7.30AM:CRUDE$74.27( TRADING FLAT TO MARGINALLY DOWN LTP3471, SUPP 3440 RES 3500/3520//NAT GAS43.89 OPENS WEAKER//GOLD$1249,SILVER$19.85( BULLIONS OPEN FLAT) WEEKLY SUPP GOLD 19800 RES 19150, SILVER SUPP 31000 RES 31650, SILVER A WEEKLY CLOSE ABV $20.10 CLD SEE HIGH LEVELS SUPP NOW $19.50, GOLD RES $1265 SUPP$1235.//BASE METALS OPEN POSITIVE KLME COPPER $7667,ALL BASE METALS EXP OPEN POSITIVE!!!!!!!

Saturday, September 4, 2010

BASE METALS UPDATE: MIXED DATA LAT NIGHT,BETTER THAN EXP EMPLOYMENT DATA GOT MITIGATED A BIT WITH LESS THAN EXP NON ISM MANU DATA//COPPER OUR STRONG SL 356.40 WAS NOT VIOLATED, NOW LTP 359, SUPP SEEN WEEKLY BASIS AT 355 AND RES 362// NICKEL TESTEDT SUPP 1010 , LTP 1018 SUPP WEEKLY BASIS AT 1000 AND RES 1028/1038///ZINC A CLOSE ABV 99.80 AND LEAD ABV 101.10 SHOWS POSITVENESS UNLESS CLOSES BELOW THESE LEVELS!!!
MKT UPDATE: GOLD TESTED STRONG SUPP 18850 AND REBOUNG AGAIN, IN LGD $1235 IS STRONG SUPPORTNOW A BREAK ABV 19000 CLD SEE SOME RECOVERY AGAIN//SILVER EXTREME BULLISHNESS SEEN UNABLE TO BREAK SUPP 30800 REBOUNDED SHARPLY , NOW SUPP 31000 AND RES 31450/31650, LSI CLOSE ABV $19.80 CLD SEE NEXT RES AT $20.30, 20.50.20.80!!!
GM SEPT 4,8.30AM:MKT UPDATE AT CLOSE; CRUDE UNABLE TO SUSTAIN AT HIGHER LEVELS AND BROKE SUPP 3480 AND IMMLY TESTED FURTHER SUPP 3450/3430, STILL LOOKS WEAK BELOW 3480 LTP 3460 UNLESS BREAKS ABV 3520 FOR CLOSE BEARISHNESS SEEN!!//NAT GAS SEES STRONG RECOVERY PAST 2 DAYS FROM STRONG SUPP 175 CLD TEST 183/185/187 AGAIN.

Friday, September 3, 2010

US MARKETS CLOSED ON MONDAY 6 SEPTEMBER ON ACCOUNT OF LABOUR DAY.
MCX NOV COPPER APP T3 AT 362 CMP 361.85/TRAILS SL TO COST AND HOLD FOR EXT TGT 364.
MCX NOV COPPER: T2 ACH AT 360 HIGH 361/HOLD FOR T3 GIVE//BUY THIS MORNING AT 357.50 /HIGH RISK TRADERS.
REMINDER : HUGE VOLATOLITY CLD BE EXP ON DATA RELEASE AFTER 6 PM//LOW RIKS TRADERS EXIT POSITIONS OR TRAIL SL TO COST//HIGH RISK TRADERS KEEP STRICT SL.
MCX SEPT NICKEL : T2 ACH AT 1030HIGH 1029.60.//MCX NOV COPPER : T1 ACH AT 359.HIGH 358.90//MCX SEPT LEAD MINI RESET BUY AT 100, BOOK PART AT CMP 100.60.
MCX NOV COPPER : BOOK PART PROFITS UPTO CMP 358.70/BUY RECO AT 357.50
WE EXP MKTS TO BE VERY CHOPPY MORNING SESSION/TRADE WITH CAUTION, PLS DO NOT TAKE BIG POSITIONS.
MCX Copper Nov looks positive above 357.50 and could test 359 - 360 - 362 levels. Sup seen at 356.40. ( High risk traders can operate with these levels )

UPDATES FOR SEPT 3 2010

SEPT 3 FRIDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 355.10 , S2 RS 353 , S3 RS 351

R1 RS 360.50 , R2 RS 363 , R3 RS 365

WAIT FOR CONFIRMATION .
METALS UPDATE: BASE METALS OPEN MARGINALLY LOWER IN EARLY TRADES//COPPER RSE 360.50 SUPP 354 LTP 358//NICKEL SUPP 1003 RES 1024, IF HOLDS ABV CLD TEST 1028/1034//ZINC SUPP 99.60.//DATA TONITE: UNEMPLOYMENT DATA!!!!
GM, SEPT3,8AM:CRUDE$74.75( POSITIVE ABV 3500 WITH SUPP 3470 AND RES 3525/3550,, MAJOR ACCIDENT ALONG THE GULF OF MEXICO PLATFORM HELP SUPP PRICES BY CLOSE, LTP 3490), NAT GAS$3.78 TRADIMNG HIGHER AT OPEN RES 183/185 SUPP 175///GOLD $1251 STRONG SUPP 19000 RES 19150, HOLD LONGS IN GOLDMINIS AS PER OUR POSITIONAL BUY FROM LAST WEEK/SILVER$19.63, SUPP 30800 RES 31250, 31450, HIGH RISK TRADERS HOLD LONGS SILVERMINI AS PER OUR BUY LAST EVENING/

Thursday, September 2, 2010

Unemployment Claims A 472K F 476K P 473K Revised Nonfarm Productivity q/qA -1.8% F -1.9% P-0.9% Revised Unit Labor Costs q/q A 1.1% F 1.3% P0.2% Data positive to USD
MCX NOV COPPER CMP 359.70/BOOK FURTHER PROFITS/LOW RISK TRADERS TRAIL SL AROUND COST.
MCX NOV COPPER : BUY CALL GOT RESET AT 358/BOOK PART PROFITS UPTO 358.75 TO 359/OTHERS HOLD FOR LEVELS//
mkt alert at 10.15 am

buy nov copper at 357.80 to 358.20 sl 356 tgts360.50/362.40
MCX NOV COPPER: LOW RISK TRADERS BOOK PART PROFITS UPTO 359.20/OTHERS HOLD FOR LEVELS.
UPDATE AT 8.20AM:LME COPPER HOLDING ABV $7600//BASE METALS, ENERGY OPEN FLAT TO MARGINAALY DOWN IN EARLY TRADES//WATCH OUT FOR INR OPEN FOR MCX OPEN TRADES //BULLIONS HOLDING AT SAME LEVELS.
METALS UPDATE: POSITVE MANUFACTURING DATAS FROM CHINA AND US PUSHED UP BASE METALS COMPLEX, WHILE THE USD SLID DOWN BOOSTING COMMODITIES//COPPER A CLOSE ABV 359 MORE POSITVE , LTP 357.80 SUPP NOW AT 354//NICKEL SUPP 883 AND RES 1010/1018//ZINC ZND LEAD LOOK POSITVE, LEAD RES 100.30 SUPP 99ZINC SUPP 99.60 RES 101//LOTS OF DATA TONITE WL DECIDE NEXT MOVE:INITIAL JOBLESS CLAIMS, FACTORY ORDERS,PENDING HOME SALES, GAS STRORAGE!!
GM, SEPT 2,7.30AM: CRUDE$73.90, NAT GAS$3.76( BOTH TRADING FLAT, CRUDE LTP 3490, RES AT 3520 AND SUPP AT 3465//GOLD$1247, CORRECTED MARGINALLY ON RALLY IN EQUITY DOW UP 250 PTS, SUPP 18900 RES 19150; SILVER$19.35, SUPP 30500 RES 30900, 31100//

Wednesday, September 1, 2010

MARKET ALERT ON SEPT 1 WEDNESDAY 7.45 PM IST

MCX Nov Copper Target 2 Achieved at Rs 357.50

High Rs 357.50

Buy was given at Rs 354.60

MARKET ALERT ON SEPT 1 WEDNESDAY 7.40 PM IST

MCX Nov Copper target extended up to Rs 358.60

For high risk traders

Trail stop loss to cost.......

MRKT ALERT 7.05 PM

MCX NOV COPPER T1 ACH AT 356, BUY GIVEN AT 354.60 FOR HIGH RISK TRADERS.

MRKT ALERT 5.50 PM

ADP Non-Farm Employment Change Act -10K Fore 20K Prev 42K

MRKT ALERT 5.30 PM

US economic data-01st Sep’105.45pm ADP employment change: Exp 13, Prior 42 (Thousands)7.30pm ISM index:Exp 52.9, Prior 55.57.30pm Construction spending: Exp-0.7, Prior 0.18.00pm Crude oil inventories: Exp 1.3, Prior 4.11 (Million Barrels)
MCX NOV COPPER APPROACHING T1 AT 356, CMP 355.70/BOOK FURTHER PROFITS/LOW RISK TRADERS TRAIL SL AROUND COST/OTHERS HOLD AS PER LEVELS.
MCX NOV COPPER:LOW RISK TRADERS BOOK PART PROFITS UPTO 355.40/OTHERS HOLD FOR LEVELS./BUY GIVEN AT 354.50 TO 354.70.

MRKT ALERT 2.10 PM

Buy Copper Nov between 354.50 - 354.70 SL below 353.50 T1 356 T2 357.60 ( Moderate risk)

MRKT ALERT 1.30 PM

LME UPDATE - COPPER +250 NICKEL +1428 LEAD -400 ZINC -1150 ALUMINIUM -7000
MCX NOV COPPER: HIGH RISK TRADERS HOLDING LONGS FROM LAST NIGHT AT 350.50, T2 ACH AT 355/BOOK PROFITS WAIT FOR FRESH ENTRY!
DATA THIS EVENING: 5.45PM NON FARM EMPLOYMENT//7.30PM ISM MANUFAUCTURING INDEX, CONCTRUCTION SPENDING( SURVEY SHOWS MARGINALLY NEGATIVE)//CRUDE INVENTORY 8 PM.
METALS UPDATE AT 8.40AM: CHINA PMI DATA JUST RELEASED POSITIVE//ALL BASE METALS RALLYING HIGHR, LME COPPER ABV $7480, EXP BASE METALS OPEN HIGHER ABOUT 1.5%//TRADERS IF ANY RUNNING LONGS IN COPPER SL IS 347 AND RES 352/354, CLD TEST RES AT OPEN AS PER CURRENT TRENDS!!!
METALS UPDATE: BASE METALS OPEN HIGHER IN EARLY TRADES, AS PER TREND NOW CLD EXP GAP UP OPEN, WL UPDATE BY 9 AM//COPPER SUPP STRONG AT 347.50 RES 352.50!!LAST 2 DAYS LESS OPURTUNITIES FOR METALS TRADES DUE CONTRACT EXPIRY AND RANGE BOUND MOVES//PLS DO NOT RUSH INTO TRADES, HENCE WE SUGGEST RESET TRADES WITH REVISED PROFIT STOPS//HIGH RISK TRADES CLD BE TAKEN UP WITH LIMITED VOLUME AND SUGGEST KEEP BOOKING AT EVERY STAGE WE GIVE!!SAFEST TRADES BULLIONS !!