Thursday, September 9, 2010
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 .
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 .
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2 comments:
hi,
thanks for update akshaya, but as the copper open it already had Rs.5/- correction.
so its hard to open a short position at open level and next you see the very low, where selling is certainly risky.
how to tackle such things.
Do we have any possible position to enter in copper today.
thanks.
sir,
wait for next opurtunity, dont take chances here,
akshaya
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