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Saturday, October 30, 2010

GM OCT 29//BULLIONS CLOSED AT DAY HIGH GOLD 19763/SILVER 36820....OUR GIVEN TGTS GOLDMINI 19800/19900/20000... SILVER MINI 37000...LOOKS GOOD/OUR SILVER MINI BUY GIEVN ON THURSDAY AT 35650...//BASE METALS CRASHED AHEAD OF FOMC MEET ON MONDAY AND TUESDAY AND ELECTIONS IN US/ BANK OF ENGLAND, ECB AND BANK OF JAPAN TO MEET NEXT WEEK/ALL COMM TO FOLLOW DIRECTION OF USD!!!!!SILVER TRADING ABV RES $24.50 CMP 24.6, NEXT LEVEL$26/26.40///GOLD ABV $1350 NEXT 1380

Friday, October 29, 2010

MRKT ALERT 6.05 PM

Advance GDP q/q A 2.0% F 2.1% P 1.7% Advance GDP Price Index q/q A 2.3% F 1.9% P1.9% Employment Cost Index q/q A 0.4% F 0.6% P 0.5%

MRKT ALERT 1.30 PM

LME Data: Aluminum: -1025; Copper: +450; Lead: -50; Nickel: -102; Zinc: +5050;
Copper more selling could come if sustains below 370.50 till 368 levels. Res seen at 373. Lead and Zinc remains weak for a day. Crudeoil more selling could come below 3650 till 3620 - 3600 levels. Strong res seen at 3690 - 3700.

UPDATES FOR OCT 29 2010

OCT 29 FRIDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 371.50 , S2 RS 368 , S3 RS 366

R1 RS 376 , R2 RS 378 , R3 RS 381

WAIT FOR CONFIRMATION .
BASE METALS CONTINUED ITS UNCERTAIN PATH AND EXP TO CONTINUE/BASE METAL TRADING WEAK, COPPER DOWN ABOUT 0.45% LTP 373.60 SUPP 371 RES 377/ZINC AND LEAD TRADING SHARPLY LOWER ABOUT 1%//OUR CALLS YESTERDAY MADE UP FOR PRECEEDING 2 DULL DAYS; LEAD MINI, ZINC MINI T1 AND T2 ACH; COPPER T2 ALMOST ACH; CRUDE T1 ACH; SILVER MINI T2 ALMOST ACH;ALU BOOKED PART AND CLOSE AT ENTRY LEVEL!!TODAY TRADE LESS AS EXP TO BE CHOPPY WITH NEGATIVE BIAS.
GM OCT 29,7.40AM:CRUDE$81.91 LTP 3676 RES 3700 SUPP 3650/NAT GAS$3.90/GOLD$1340 LTP19610 POSITVE ABV 19600 SUPP 19520 RES 19680; SILVER$24 LTP 35950 RES 36100 SUPP 35600, HOLD CARRYOVER LONGS FOR TGTS GIVEN//

Thursday, October 28, 2010

MRKT ALERT 6.27 PM

MCX NOV COPPER APP OUR T2 AT 378, BUY GIVEN AT 374.50. CMP 377.30.

MRKT ALERT 6.05 PM

Us Unemployment Claims Act 434K Fore 453K Prev 452K

MRKT ALERT 5.56 PM

MCX NOV COPPER T1 ACH AT 376, BUY GIVEN AT 374.50.
MCX NOV COPPER APP T1 AT 376 CMP 375.90/BUY AT 374.50/BOOK FURTHER PROFITS/
MCX NOV COPPER HIGH 375.50 AFTER OUR HIGH RISK BUY AT 374.50/MULTIPLE LOT HOLDERS PROTECT POSITIONS.
MCX NOV COPPER: BOOK PART PROFITS UPTO 375.25/BUY GIVEN ABV 374.50.
Buy Copper Nov ABV 374.5 SL below 373.2 Tgt 376 - 378. High Risk.

MRKT ALERT 1.30 PM

LME COPPER : DOWN -575 ZINC: UP 5325 ALUMINIUM : DOWN -3600 NICKEL: UP 1290 LEAD: UP 1075 TIN: DOWN -5
MCX NOV COPPER; AS ALERTED YESTERDAY NIGHT COPPER MILD POSITVE ABV 375.20 WITH SUPP AT 373 AND RES 377-378//GIVEN AS LEVELS.
MCX NOV COPPER : STRONG SUPP SEEN AT 371 AND RES 377//
UPDATE AT 9 AM: BASE METALS TRADING HGHER COPPER UP 0.40% CLD OPEN AROUND 375 TO 375.50// SILVER CLD OPEN HIGHER AROUND 35750 TO 35800//CRUDE FLAT TO MARGINALLY HIGHER/OTHER BASE METALS OPEN HIGHER.

TECHNICALS FOR OCT 28

MCX NOV COPPER

SUPP:372/369.80/368

RES: 375.50/377/378.90

CHILE COPPER MINE STRIKE: YESTERDAY THE WORKERS UNANIMOUSLY VOTED TO GO ON STRIKE/MATTER SUBMITTED FOR CONCILIATION WHICH IS EXP OVER THE NEXT 5 DAYS /
BASE METALS UPDATE:BASE METALS OPEN HIGHER IN EARLY TRADES/COPPER LTP373.70 RES 375.50 SUPP 372 LME COPPER$8300, COMMEX COPPER $3.77/BASE METALS FOLLOWING DIRECTION OF USD , YESTERDAY USD STRENGTHENED THIS MORNING MARGINALLY WEAK/YESTERDAYS DATA WAS MIXED , HOME SALES SURPRISINGLY WENT UP SENDING MIXED SIGNALS TO FED ON STIMIMUS EASING/TALKS OF MANIPULATIONS IN SILVER PRICES ALL CONTRIBUTED TO UNCERTAINTY IN ALL COMMODITY!!!
GM OCT 28,7.30AM: CRUDE$81.96 LTP 3670 RES 3715 SUPP 3630 WEEKLY BASIS/NAT GAS$3.78 TRADING MARGINALLY HIGHER, MKTS EXP FAVOURABLE DATA TONITE WHICH HAS BEEN DISCOUNTED IN PRICE? /GOLD $1327 LTP 19445; SILVER $23.67 LTP35614 GOLD FLAT SUPP 19380 RES 19520//SILVER SUPP 35500 RES 35850 EXP TO OPEN MARGINALLY HIGHER//

Wednesday, October 27, 2010

COPPER FELL TODAY AS THE USD STRENGTHENED AS MKT DEBATED ON THE FED STIMULUS PACKAGE, BUT THE DATA FROM US THIS EVENING AGAIN CONFIRMED THE SLOW PACE OF GROWTH//CHILE'S CODELCO COPPER MINE MAY GO ON STRIKE FROM NEXT WEEK //BOTH OF THESE IH HOLDING COPPER FROM FALLING FURTHER , MILD POSITVE ABV 375.20 WITH SUPP AT 372.90 AND RES 378, CMP 374.90//HIGH RISK TRADERS CLD TRADE AS PER THSES LEVELS.

MRKT ALERT 6.03 PM

Core Durable Goods Orders m/m A -0.8% F 0.4%P1.7% Durable Goods Orders m/m A 3.3% F1.7% P -1.5%
MCX NOV COPPER AGAIN TRADING WITHOUT CLARITY , SUPP NOW 375 IF NOT BREAKS CLD RETEST 378-379//LEVELS.

MRKT ALERT 2.05 PM

MCX Nov Copper traders can book part profits upto 378.30, others can hold for given targets. Buy given at 377.50.!!

MRKT ALERT 1.15 AM

Buy Copper Nov between 377 - 377.50 SL below 376.20 T1 379.20 T2 380.50 ( High Risk )
DATA TONITE:6PM CONSUMER DURABLE GOODS ORDERS PREVIUOS 1.7% FORE 0.40%// DURABLE GOODS ORDERS PREV -1.5% SURVEY 1.7% //7.30PM NEW HOME SALES PREV 288K SURVER 301 K// 8 PM CRUDE INVENTORY PREV 0.7M FORE 1.1M//

UPDATES FOR OCT 27 2010

OCT 27 WEDESDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 378 , S2 RS 375 , S 3RS 373

R1 RS 383.50 , R2 RS 385 , R3 RS 388

WAIT FOR CONFIRMATION .
UPDATE AT 9 AM: BASE METALS TRADING LOWER COPPER DOWN 0.50%/LEAD AND ZINC SHARPLY DOWN OVER 2%.
UPDATE AT 8.40AM: COPPER TRADING FLAT/ZINC AND LEAD TO OPEN LOWER ABOUT 1%//SOME STRENGTHENING SEEN IN USD!!
REMINDER: MKTS CONTINUE TO REMAIN CHOPPY TILL NEXT FED MEET NOV 2 ON ECONOMIC STIMULUS MEASURES/MEMBERS ADVISED BEST TO KEEP BOOKING PROFITS AS AND WHEN ADVISED AS MKT DIRECTION KEEPS CHANGING AGAINST OUR PROJECTED TREND OR TRAIL SL ARD COST AND ENSURE SAFETY OF CAPITAL, ALSO TRADE WITH SL GIVEN/
BASE METALS TRADING FLAT/COPPER LTP 381.95 RES 383 SUPP 379 EXP FLAT OPEN/NICKEL LTP 1039 SUPP 1025 RES 1055/ALUMINIUM SUPP 103.50 RES 106/ZINC AND LEAD SUPP 113.50 RES 117//
GM OCT 27,7.30AM:CRUDE $82.41 LTP 3696 RES 3715 SUPP 3665/NAT GAS$3.31 OPENS DOWN ABT 1%/GOLD$1339.20 TREND MILD POSITVE SUPP MCX GOLDMINI NOV AT 19280 CLD TEST RES 19460 PREFER LONGS MCX DEC GOLD POSITVE ABV 19600 RES 19700/19800 SUPP 19450//SILVER$24.04 EXP POSITVE OPEN HOLD CARRYOVER BUYS LAST NIGHT AT 35950 FOR TGTS GIVEN CLD OPEN ARD 36200 TRAIL SL 35580.

Tuesday, October 26, 2010

MRKT ALERT 7.35 PM

US CONSUMER CONFIDENCES ACTUAL 50.20 POLL 49.2 PRIOR 48.5

MRKT ALERT 3.40 PM

MCX NOV COPPER UPDATE : CMP 380.65 NOW POSITIVE ABOVE 381.20 WITH SUP BELOW 380 AND COULD TEST RES 382.50/384 (LEVELS ONLY)

MRKT ALERT 1.30 PM

LME COPPER : DOWN -900 ZINC: -300 ALUMINIUM : -4200 NICKEL: 486 LEAD: 1150 TIN 65
TRADING CALL FOR OCT 26 TUESDAY 10.10 AM IST

Buy Copper Nov between 380 - 380.20

SL below 378.90

T1 382

T2 383.80
AT 8.15AM: CRUDE $82.18/NAT GAS$3.35( ABT 1% HIGHER)/GOLD$1339,SILVER$23.58 BULLIONS CORRECTING DOWN TO SAME LEVELS AS CLOSE YESTERDAY/BASE METALS TRADING MARGINALLY POSITIVE COPEPR EXP OPEN ARD 381 TO 381.50, NICKEL SUPP 1040 RES 1058/ZINC AND LEAD TRADING HIGHER!!!
GM OCT 26,7.30AM: CRUDE$82.42 LTP 3668 SUPP 3640 RES 3690/NAT GAS #3.34 TRADING MARGINALLY POSITIVE/ GOLD$1343 TRADING HIGHER BY $5 LTP 19557 EXP POSITVE OPEN/SILVER$23.66, LTP 35474 EXP POSITVE OPEN ARD 35650//BASE METALS OPEN HIGHER LME COPPER $8470, COMMEX COPPER $3.88LTP 380 SUPP 377 RES 382.30 EXP OPEN HIGHER 0.50%.

Monday, October 25, 2010

MRKT ALERT 3.40 PM

MCX NOV COPPER LOW RISK TRADERS CAN BOOK PART PROFITS UPTO 380.80. BUY GIVEN AT 379.40-379.80. (RESET).

MRKT ALERT 1.30 PM

LME COPPER -450 ZINC: -250 ALUMINIUM :-1675 NICKEL:1098 LEAD: -50 TIN: 30 ..
MARKET ALERT ON OCT 25 MONDAY 12.20 PM IST

London copper rose 2 % on Monday to trade above $ 8500

for the first time since July 2008 and Shanghai metal hits

a 27 month high underpinned by a weak dolla r and a finance

Minister summit .
Buy Copper Nov between 379.40 - 379.80 SL below 377 T1 381.80 T2 383.20.
UPDATE AT 7.55 AM: ALL COMM EXCEPT NAT GAS( DOWN OVER 2%) TO OPEN GAP UP!/ CRUDE$82.25 CLD OPEN HIGHER AROUND 3690 TO 3700//BULLIONS : SILVER CLD OPEN UP 1.50%, GOLD ABOUT 1%/; SILVER OPEN ARD 35500,GOLD ARD 19600//ALL BASE METALS HOLDING AT HIGHS ECP OPEN UP ABOUT 1.25% COPPER MORE POSITVE IF SUSTAINS ABV 378 CLD OPEN ARD 378 TO 379//LEAD AND ZINC CLD TGT 113 TO 114 //EXP MORE BULLISHNESS IN BASE METALS IF SUSTAINS ABV RES!!

Friday, October 22, 2010

MARKET ALERT ON OCT 22 FRIDAY 1.30 PM IST

LME

COPPER : DOWN -1175

ZINC: UP 1475

ALUMINIUM : DOWN -4175

NICKEL: UP 834

LEAD: DOWN -300

TIN: DOWN -5
MARKET ALERT ON OCT 21 FRIDAY 1.25 PM IST


MCX Nov Copper achieved Target 2 at Rs 372.70 ,

Sell was between Rs 374.70 to 375
MARKET ALERT ON OCT 22 FRIDAY 1.00 PM IST


MCX Nov Copper Target 1 Achievd at rs 373.50 .

Sell was advised between Rs 374.60 to 375 .
MARKET ALERT ON OCT 21 FRIDAY 12.25 PM IST


MCX Nov Copper approaching Target 1 at Rs 373.50 ,

curremt low 373.85 .

Sell was between Rs 374.70 to 375 .
MARKET ALERT ON OCT 22 FRIDAY 11.55 AM IST

Momentum Call -

Sell Copper Nov between 374.7 - 375

SL abv 376.1

Tgt 373.5 - 372.7.

UPDATES FOR OCT 22 2010

OCT 22 FRIDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 370 , S 2RS 368 , S3 RS 365
'
R1 RS 376 , R2 RS 379 , R3 RS 381

WAIT FOR CONFIRMATION .
BASE METALS CAME OFF HIGHS LAST NIGHT ON STRONGER USD BY 0.40%//MKTS AWAIT OUTCOME OF G20 SUMMIT AT KOREA TODAY AND TOMORROW AS CURRENCY MOVES EXP AFTER OUTCOME//MEMBERS ADVISED AS OF NOW NOT TO SHORT LEAD AND ZINC AS CHINA REPORTS SHUTDOWN OF SMELTORS DUE TOXIC EMMISSION REPORTS//
GM OCT 22, 7.20AM:CRUDE$81.07 LTP 3613 SUPP 3600 RES 3650/NAT GAS$3.39 HIT LOWS LAST NIGHT AFTER INVENTORY EXP TO OPEN MARGINALLY HIGHER, AVOID FRESH SHORTS AS HURRICANE SEASON IN US IS ON SUPP 148 RES 155//BASE METALS TRADING FLAT EARLY TRADES COOPER LTP 372.90 SUPP 370 RES 375.50/NICKEL LTP 1046.60 SUPP 1040 RES 1060, OUR SELL LAST NIGHT AR 1053 LOW 1044.60 AND OUR T2 1041!!ZINC LTP 108.10, LEAD LTP 108.60//

Thursday, October 21, 2010

MARKET ALERT ON OCT 21 THURSDAY 9.45 PM IST

MCX Nov Copper weak if sustains below Rs 373 with

Res above Rs 375,50 and cld test support at Rs 371 / 369.80 .

LEVELS ONLY .

MCX NOV COPPER : T2 ACH AT 376.
MCX NOV COPPER APP T2 AT 376/TGT EXT TO T3 AT 377.
MCX NOV COPPER: BOOK FURTHER PROFITS AT CMP 375 AND TRAIL SL TO BELOW 372/OTHERS HOLD FOR T2.
LOW RISK/MULTPLE LT HOLDERS OF COPPER LONGS TRAIL SL TO AROUND COST.
MCX NOV COPPER: T1 ACH AT 374.
MCX NOV COPPER ; TRADERS HAVING BUYS BOOK PART PROFITS UPTO CMP 373.20/OTHERS HOLD FOR LEVELS GIVEN.
21/10 LME Inventory Update Copper -750MT Lead -150MT Zinc -650MT Nickel +264MT Aluminum -4700MT
MARKET ALERT ON OCT 21 THURSDAY 1.30 PM IST

Buy Copper Nov between 371.5 - 372

SL below 369

T1 374

T2 376.

( High Risk )

UPDATES FOR OCT 21 2010

OCT 21 THURSDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 368.10 , S 2RS 365.50 , S3 RS 363

R1 RS 373.80 , R2 RS 376 , R3 RS 378.90

WAIT FOR CONFIRMATION .
MKTS TRADING FLAT: CRUDE $82.26, NAT GAS$3.52, GOLD$1344, SILVER$23.90/BASE METALS TRADING FLAT AT SAME LEVELS.
GM OCT 21,DATA FROM CHINA THIS MORNING GDP FOR Q3 AT 9.6% VS 9.4%/IND OUTPUT 13.3% VS 13.6%/FOOD PRICES UP 8%/RETAIL SALES UP 18%//DATA IN LINE WITH ESTIMATES//

Wednesday, October 20, 2010

UPDATE: CRUDE TRADING ABV RES AT 3650 AFTER INVENTORY RES AT 3670 SUPP AT 3625/NAT GAS RES 162 SUPP 156.40//SILVER MINI RES 35800 SUPP 35500 //GOLDM NOV RES 19520 SUPP 19380//COPPER RES 373 LONGS ADVISED ON CLOSE ABV 373//NICKEL RES 1060 SUPP 1040//LEADMINI MOST POSITIVE OF ALL RES 108 SUPP 105.90.
LME COPPER UP 800/ NICKEL UP 468/ALU IUP 13500/ZINC DOWN 875/LEAD DOWN 75.
mcx nov copper has tested supp at 369 and has rebounded, if suatains abv 372.50 cld bounce further up// trading range now 369 to 375//
BASE METALS TAKEN STROMNG SUPPORT AND SHOWING SOME BOUNCE UP/HIGH RISK TRADERS HOLDING SELLS IF ANY REDUCE LOTS SIZE AND KEEP TIGHT SL.
MARKET ALERT ON OCT 2 WEDNESDAY 11.40 AM IST


MCX Nov copper weak below Rs 370.50 ,

res is seen at 372.50 and cld test support at

Rs 368/ 366.50 .

These are Levels only .

UPDATES FOR OCT 20 2010

OCT 20 WEDNESDAY

TRADIN GLEVELS FOR MORNING SESSION

S1 RS 368.10 , S2 RS 365.50 , S 3RS 363

R1 RS 373 , R 2RS 375.50 , R3 RS 378.60

WAIT FOR CONFIRMATION .
BASE METALS OPEN FLAT TO MARGINALLY HIGHER AFTER LAST NIGHTS CORRECTION//COPPER WEEKLY STRONG SUPP 367 RES AT 374 LTP 370.10//NICKEL LTP 1043 WEAK IF SUATINS BELOW 1038 RES NOW AT 1060//ZINC SUPP 104.30 RES 106.50//LEAD SUPP 104.50 RES 106.80//ALU SUPP 103.30 RES 104.50//ADVISABLE TO WAIT FOR FRESH ENTRY AS TREND NOT CLEAR .
GM OCT 20; CRUDE$79.80, MCX NIOV CRUDE WEAK IF SUSTAINS BELOW 3648//NAT GAS$3.53 OPENS MARGINALLY HIGHER//GOLD$1336 MCX RES NOV GOLDM AT 19620 AND SUPP 19380 HOLD SELLS AS PER LAST NIGHT CALL// SILVER$23.46 MCX RES 35900 SUPP 35500/35400 OPENS WEAK//

Tuesday, October 19, 2010

LME COPPER CMP $8242( DOWN OVER $200 FROM HIGH $8450 YESTERDAY)//COMMEX COPPER$3.74(HIGH YESTERDAY ($3.88)//
REMINDER: MCX CRUDE OCT CONTRACT EXPIRY IS TONITE OCT 19 INSTEAD OF OCT 20//CRUDE NOV SUPP 3660 RES 3700-3710 //COPPER SUPP 370 RES 374.80//NICKEL SUPP 1040 RES 1061//LEAD RES 107.50 SUPP 105.80//ZINC RES 106.60 SUPP 105.50//NAT GAS SUPP 151.90 RES 158.50//SILVER RES 35950 SUPP 35500//GOLD SUPP 19550 RES 19700//ALL COMM TAKEN STRONG SUPPORTS AT LOWS AND SMALL BOUNCE UP BEING SEEN TILL IMM RES//WAIT FOR ENTRY!!

MRKT ALERT 5.40 PM

COPPER HAS NOT BROKEN THE PREVIOUS LOW OF RS 370.25, UNTIL BROKEN BUYING IS ADVISABLE
CHINA'S CENTRAL BANK SAID IT WILL RAISE DEPOSIT AND LENDING RATES BY 0.25% FOR FIRST TIME SINE DEC 2007!!!/NEGATIVE FOR METALS.

MRKT ALERT 1.30 PM

LME COPPER : DOWN -500 ZINC: DOWN -25 ALUMINIUM : UP 3950 NICKEL: UP 282 LEAD: UP 675 TIN: DOWN -55
MCX NOV COPPER: BOOK PART PROFITS AT CMP 378.70/BUY GIVEN AT 377.50 TO 378.
MARKET ALERT ON OCT 19 TUESDAY 10.45 AM IST

Buy Copper Nov between 377.50 - 378

SL below 375.50

T1 380

T2 382.

Less Volumes.

UPDAATES FOR OCT 19 2010

OCT 19 TUESDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 375.40 , S2 RS 373 , S3 RS 370.50

R1 RS 379 , R2 R S382 , 3 R S384

WAIT FOR CONFIRMATION .
CRUDE$82.89 LTP 3670 OCT/SUPP 3645 RES 3690//NAT GAS $3.41 LTP 153.30 SUPP 151 RES 158 , BOTH OPEN FLAT//BASE METALS CLOSE AT DAY HIGH LME COPPER $8430 SUPP 375 RES 378 OPENS MARGINAALY HIGHER/ NICKEL LTP 1069, POSITVE IRF SUSTAINS ABV 1070 SUPP 1062//LEAD AND ZINC CLOSED VERY STRONG AS INDICATED IF SUSTAINED ABV 106 , RES LEAD 109 ZINC RES 107.50 SUPPORTS AT 104.80/ ALU LTP 106.25POSITIVE CLOSE RES 106.50//BASE METALS RALLIED IN WEAKNESS IN USD//

Monday, October 18, 2010

MCX NOV COPPER: T3 ACH AT 377/ BUY GIVEN THIS MORNINH AT 371.

MRKT ALERT 7.40 PM

MCX NOV COPPER T3 ACH AT 375.50, BUY GIVEN AT 371.

MRKT ALERT 7.22 PM

MCX NOV COPPER APP OUR T3 AT 375.50, BUY GIVEN AT 371. CURRENT HIGH 374.90.

MRKT ALERT 6.50 PM

Capacity Utilization Rate A 74.7% F 74.8% P 74.7% Industrial Production m/m A -0.2% F 0.3% P 0.2%
mcx oct aluminium is mildly positve abv 104.80 with supp at `104.20 and res 105.50.

MRKT ALERT 6.02 PM

MCX NOV COPPER T2 ACH AT 374, BUY GIVEN AT 371 FOR HIGH RISK TRADERS.

MRKT ALERT 5.52 PM

MCX Nov Copper cmp 373.80, Target Ext to 375.50, hold min lots, Buy given above 371..!!

MRKT ALERT 5.14 PM

MCX NOV COPPER APP OUR T2 AT 374, BUY GIVEN AT 371 FOR HIGH RISK TRADERS. CMP 373.45.
MCX NOV COPPER CMP 372.50/BOOK PART PROFITS MULTIPLE LOT HOLDERS TRAIL SL TO ROUND COST FOR SOME LOTS./BUY AT 371.
MCX NOV COPPER T1 ACH AT 372.50 HIGH 372.40/BUY GIVEN AT 371.
MCX NOV COPPER; BOOK PART PROFITS UPTO 372/ HIGH RISK BUY GIVEN ABV 371/OTHERS HOLD AS PER LEVELS GIVEN.
MARKET ALERT ON OCT 18 MONDAY 1.30 PM IST


LME DATA :

ALU DOWN 1600 MT ,

COPPER DOWN 575 MT ,

NICKEL DOWN 234 MT ,

ZINC DOWN 925 MT ,

LEAD DOWN 75 MT
MARKET ALERT ON OCT 18 MONDAY 12.25 PM IST


Base metals opened gap down and wld prefer to wait for clear

trend to emerge for fresh positions. Copper strong support

at Rs 370/ 368..60 and Res at Rs 372.80 / 374.10 ,

Nickel striong support at Rs 1042 / 1036 ,

Res at Rs 1058 / 1065 .

Zinc and Lead trading range Rs 104 to 106 for now.

Low risk traders best advised to wait for entry

till clarity comes .
MARKET ALERT ON OCT 18 MONDAY 11.00 AM IST


Buy Copper Nov above 371

SL below 369.60

T1 372.50

T2 374

( High Risk)

TRADE LESS VOLUME .

UPDATES FOR OCT 18 2010

OCT 1 MONDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 373 . 10 , S2 RS 370.25 , S3 RS 367.40

R1 RS 377.80 , R2 RS 379.20 , R3 RS 380.90

WAIT FOR CONFIRMATION .
COPPER DOWN OVER 1% MCX AROUND 372.
METALS UPDATE; COPPER DOWN ABOUT 0.80% EXP MCX AROUND 372.50 LEVELS AS PER CURRENT TREND//SILVER CLD OPEN AROUND 35800 , GOLD DOWN ABOUT RS 150 /CRUDE CLD OPEN DOWN ABOUT RS 20!!!, AT GAS DOWN BY ABOUT 2 RS.
BASE METAS OPEN MARGINALLY WEAK COPPER DOWN ABOUT 0.40% RES AT 377.50 SUPP 371, EXP OPWN DOWN MARGINALLY AROUND 374 AS PER CURRENT TREND/
GM OCT 18,7.20AM: SHARP DONWSIDE IN ALL COMM IN EARLY TRADES/CRUDE $80.909 (DOWN 35 CENTS),NAT GAS$3.48(DOWN ABOUT 1.3%)//GOLD$1358(DOWN OVER$13)SILVER$23.78( DOWN OVER 2%)//BASE METALS TRADING LOWER COPPER DOWN ABOUT 0.50%.

Saturday, October 16, 2010

GM OCT 16: FED CHAIRMAN SPEAKS LAST LAST NIGHT FOR NEED FOR INCREASED STIMULUS MEASURES ASINFLATION VERY LOW AND UMEMPLOYMENT VERY HIGH!!

Friday, October 15, 2010

MARKET ALERT ON OCT 15 FRIDAY 9.00 PM IST

Copper support now seen around Rs 370 to 371

Lead Res at Rs 105 and support at Rs 105 .

Zinc slightly weak belwo Rs 105 , Res at Rs 105.50

Support at Rs 104.20

Nickel trading weak Res at Rs 1080 Res at Rs 1095

Support now seen at Rs 1050.

MRKT ALERT 8.00 PM

Copper sup seen around 370 - 371. Res 373.
MARKET ALERT ON OCR 15 FRIDAY 5.50 PM IST

MCX Nov coppper now has support below Rs 370.50

Res s seen at Rs 377 .

CMP Rs 373.90 .
MCX NOV COPPER NO MOVEMENT SEEN TILL DATA FROM US TONITE, SUPPORT NOW AT 371 AND RES AT 374.60./

MRKT ALERT 1.30 PM

LME INVENTORY - COPPER -475, ALUMINIUM - 4125, NICKEL -120, LEAD -175, ZINC - 1025

UPDATES FOR OCT 15 2010

OCT 15 FRIDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 370.20 , S2 RS 368 , S3 RS 365

R1 RS 375 , R2 RS 377.40 , R3 RS 379.80

WAIT FOR CONFIRMATION .
UPDATE AT 8.30AM: CRUDE AND NAT GAS TRADING FLAT//BASE METALS OPENS FLAT TO MARGINALLY HIGHER//GOLD MARGINALLY HIGHER , SILVER TRADING AT $24.68 OPENS HIGHER ABOUT 1%.
GM OCT 15.7.25 AM: CRUDE$82.76,NAT GAS$3.64(ENERYGY TRADING FLAT)//GOLD$1379,SILVER$24.67 BULLIONS TRADING FIRM EXP TO BE POSITIVE RES SILVER 36750 SUPP 35800 ON WEEKLY BASIS EXP OPEN MARGINALLY HIGHER AROUND 36600 AS PER CURRENT TREND DEPNEDS ON INR//BASE METALS HOLDING AT SAME LEVELS COP RES 377.50 SUPP 370 NICKEL SUPP 1062 RES 1100//INR YESTERDAY APPRECIATED BY 40 PAISE HOLDING BACK COMM FURTHER, WATCH OUT TODAY!!

Thursday, October 14, 2010

MRKT ALERT 6.05 PM

PPI m/mA 0.4% F0.2%P 0.4% Trade BalanceA -46.4B F -43.5B P -42.8B Unemployment ClaimsA462K F 448K P 445K Core PPI m/mA 0.1%F 0.1% P 0.1%
ALERT; MKTS EXP TO GET MORE CHOPPY, TRADE LESS OR BETTER LOW RISK TRADERS AVOID TRADES FOR NOW TILL CLARITY COMES IN!!!
ALERT; MKTS EXP TO GET MORE CHOPPY, TRADE LESS OR BETTER LOW RISK TRADERS AVOID TRADES FOR NOW TILL CLARITY COMES IN!!!

MRKT ALERT 1.30 PM

LME Inventory: Copper +225, Aluminum -4150, Nickel +36, Lead -550, Zinc -825
MARKET ALERT ON OCT 14 THURSDAT 11.40 AM IST


MCX Nov Copper traders holding longs as per our call

given between Rs 375.80 to 376.30 can book part

profits at cmp Rs 377.20 .

Others hold with levels given .

UPDATES FOR OCT 14 2010

OCT 14 THURSDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 373.20 , S 2RS 370 , S 3RS 368

R1 RS 376.50 , R2 RS 378.50 , R3 RS 380

WAIT FOR CONFIRMATION .
MATKET ALERT ON OCT 14 THURSDAY 10.15 AM IST

Buy Copper Nov between 375.80 - 376.30

SL below 373.50

T1 378

T2 380

High Risk
UPDATE AT 8 AM: ALL COMM TRADING AT HIGHS EXP HIGHER OPEN SUBJECT TO INR FACTOR/CRUDE TRADING HIGHER ON EXP DRAWDOWN IN INVENTORY TONITE AND DOLLAR INDEX AT 77; MKTS EXP FURTHER WEAKNESS IN USD//
GM OCT 14,7.15AM:COMMODITIES RALLY HIGHER ON WEAKNESS AGAIN IN USD//CRUDE$83.73 EXP POSITIVE OPEN CLD TEST RES 3720 SUPP 3670/NAT GAS$3.67 RES 168 SUPP 162 EXP MARGINAL WEAKNESS//BULLIONS ZOOM.... GOLD$1378 HOLD GOLDMINI NOV FOR T3 GIVEN,SILVER$24.28, OPENS SHARPLY HIGHER OVER 1% CLD HIT RES 36000!!!//BASE METALS OPEN HIGHER COMMEX COPPER$3.85 OPENS HIGHER 0.70% SUPP 373 CLD TEST RES 376.30//

Wednesday, October 13, 2010

MRKT ALERT 6.10 PM

Mcx Basemetals have tested crucial resistance levels may take corrections trade cautious and those who holding longs with strict protecting stops.

MRKT ALERT 6.05 PM

U.S Economic Data: Import Prices m/m Actual -0.3% Forecast -0.1% Previous 0.6%.Data is Neutral For Dollar.
MCX NOV COPPER: T1 ACH AT 376
MARKET ALERT OMN OCT 13 WEDNESDAY 1.30 PM IST

LME Inventory:

Copper -475,

Aluminum -1500,

Nickel +426,

Lead Unch

, Zinc -250
MARKET ALERT ON OCT 13 WEDNESDAY 12.40 PM IST


MCX Nov Copper approaching Target 1 at Rs 376 ,

Current high Rs 375.75 .

Buy was given for high risk traders above Rs 374
MARKET ALERT ON OCT 13 WEDNESDAY 12,30 PM IST


MCX Nov Copper High risk traders holding longs above

Rs 374 can book part profits at

CMP Rs 375.25 .
MARKET ALERT ON OCT 13 WEDNESDAY 11,10 AM IST

High Risk Traders could initiate Copper buys above 374

SL below 372, Target 376 - 378 levels.

Low risk traders maintain previous call...!
MARKET ALERT ON OCT 13 WEDNESDAY 10.15 A M IST

Buy Copper Nov between 373 - 373.30

SL below 371.20

T1 375

T2 377.

Moderate Risk

UPDATES FOR OCT 13 2010

OCT 13 WEDNESDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 371 , S2 RS 368 , S3 RS 365

R1 RS 375 , R2 RS 377 , R3 RS 379

WAIT FOR CONFIRMATION .
LME COPPER RALLIES TO 27 MONTH HIGH $8415!!!
UPDATE AT 8AM: CRUDE/ NAT GAS HOLDING SAME POSITVE LEVELS/ GOLD AND SILVER TRADING AT HIGHS GOLD$1355 SILVER$23.46 EXP GAPUP OPEN HOLD FOR TGTS FROM YESTERDAY//BASE METALS MARGINALLY DOWN FROM DAY HIGHS,LME COPPER$8348, COMMEX COPPER$3.80 UP ABOUT0.40%,EXP POSITIVE OPEN!!!
GM OCT13,7.05AM: FOMC MINUTES RELEASED LAST NIGHT ACKNOWLEDGES NEED FOR CONTINUED INCREASED STIMULUS,USD WEAKENS , COMMODITIES RALLIES HIGHER//CRUDE$81.92SUPP 3625 RES 3670, NAT GAS$3.66 SUPP 159 RES 164 EXP POSITVE OPEN BOTH//GOLD$1354,SILVER$23.42 EXP HIGHER OPEN BULLIONS HOLD MINIS BUYS AS PER CARRYOVER CALL YESTERDAY //BASE METALS OPEN SHARPLY HIGHER COPPER UP ABOUT 0.80% COMMEX COP$3.82, EXP OPEN GAP UP!!!!

Tuesday, October 12, 2010

MRKT ALERT 8.30 PM

MCX NOV COPPER APP OUR T2 AT 375, CURRENT HIGH 374.15, BUY GIVEN ABOVE 371 FOR HIGH RISK TRADERS. TRAIL SL TO COST

MRKT ALERT 8.21 PM

MCX COP T1 ACH AT 373, BUY GIVEN ABOVE 371 FOR HIGH RISK TRADERS.

MRKT ALERT 7.50 PM

MCX NOV COPPER HIGH RISK TRADERS CAN BOOK PART PROFITS UPTO 372, BUY GIVEN ABOVE 371 FOR HIGH RISK TRADERS. (RESET)

MRKT ALERT 7.35 PM

U.S Economic Data: IBD/TIPP Economic Optimism Actual 46.4 Forecast 46.7 Previous 45.3

MRKT ALERT 6.25 PM

MCX NOV COPPER APP OUR T1 AT 373, BUY GIVEN ABOVE 371 FOR HIGH RISK TRADERS. CURRENT HIGH 372.65.

MRKT ALERT 6.13 PM

MCX Nov Copper traders can book part profits upto 372.50, others hold for targets. Buy given above 371 for high risk traders as levels

MRKT ALERT 5.20 PM

Copper recovered from lows..Now looks positive above 371 if sustains and could test 373 - 375 levels. Strong sup seen at 369. Only high risk traders could trade on this levels...!
COPPER RECOVERED FROM DAYS LOWS, NOW LOOKS PSOITVE ABV 371 IS SUSTAINS CLD TEST 373/375, SUPP STRONG AT 369.

MRKT ALERT 1.30 PM

LME Data: Aluminum: -3825; Copper: -725; Lead: -25; Nickel: +240; Zinc: -500;
MARKET ALERT ON OCT 12 TUESDAY 11.55 AM IST

MCX Nov Copper looks mild weak if sustains below 369

and could test 367 - 366 levels.

with res above 371.50.
Market provides less opportunity due to mixed datas. Trade with strict SL and less volumes are advised till clarity comes.
Zinc trading positive and facing strong res around 103 - 103.50. More buying above that. Lead looks positive until it breaks and hold 101 levels till 103 - 105. Gas remains weak and more weakness below 160. Strong res 165.
REMINDER:OUR HIGH BUY COPPER CALL FROM YESTERDAY RUNNING WITH SL BELOW 369.
UPDATE AT 8.40AM: EXP CRUDE, BASE METALS, SILVER, NAT GAS TO OPEN LOWER; GOLD FLAT /WATCH OUT INR OPEN/CRUDE CORRECTED DOWN LAST NIGHT AFTER STTS FROM OPEC STATING THAT PRICES REFLECT CORRECT FUNDAMENTALS AND NO INCREASE IN OUTPUT NEEDED//FOMC MINUTES EXP TO BE RELEASED TONITE WHICH WL STATE EXCAT VIEWS AS SPECULATED IN KTS ABOUT FINANCIAL STIMILUS MEASURES IN US, EXP MKTS TO TRADE SIDEWAYS AND WAIT FOR NEXT MOVE OF USD!!
GM,OCT12,7.30AM: CRUDE$81.60( OPENS WEAK) SUPP 3625 RES 3710//NAT GAS OPENS DOWN OVER 1$,CMP$3.54//GOLD$1351SUPP AT 19500 RES 19750 SILVER$23.16 SILVER TO OPEN LOWER SUPP 34500 RES 35000//LME COPPER$8300 AFTER HIGH $8388, COMMEX COPPER$3.76 TRADING LOWER AROUND 0.50%, EXP BASE METASL OPEN MARGINALLY LOWER.

Monday, October 11, 2010

MCX NOV COPPER TRADING AT RES 372 , HIGH RISK TRADERS HOLDING LONGS KEEP SL GIVEN AT 369 !!!
MARKET ALERT ON OCT 11 MONDAY 4 .30 PM IST


REMINDER :

Low risk traders/ multiple lot holders advised to exit copper

trade near cost as no momentum seen .

Next upward momentum seen above Rs 373 and immediete

support at Rs 368 .
MARKET ALERT ON OCT 11 MONDAY 3.45 PM IST


REMINDER :

As US Markets are closed today and hence do not expect

big volumes or movement this evening. Low risk traders

holding any positions advised to trade with strict stop

losses or exit around cost .

MRKT ALERT 1.30 PM

11/10 LME Inventory Update Copper +475MT Lead +50MT Zinc -875MT Nickel +252MT Aluminum -4025MT
US MARKETS CLOSED TODAY SO NOT MUCH EXP IN USD TODAY, SOME SMALL PULL BACK CLD BE SEEN/TRADE LES AND WITH STRICT SL.
Buy Copper Nov between 371.60 - 372 SL below 369 T1 374 T2 376

UPDATES FOR OCT 11 2010

OCT 11 MONDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 367.40 , S2 RS 365.10 , S 3 RS 362.10

R1 RS 370.90 , R2 RS 373.80 , R3 RS 375.60

WAIT FOR CONFIRMATION .
BASE METALS OPEN POSITVE DUE TO USD WEAKNESS LME COPPER$8330 , COMMEX COPPER$3.78 EXP OPEN HIGHER ABOUT 0.30% RES 372 SUPP 366//NICKEL SUPP 1074 RES 1094/ALU RES 107.50 SUPP 105.80/MKTS BETTING ON FURTHER STIMIMUS EXTENSIONS THEREBY HOLDING USD AT LOWS!
GM,OCT11,7.10AM: CRUDRE OPENS HIGHER$83.08EXP TEST RES 3700 TO 3710 AT OPEN DEPENDING ON INR OPEN/NAT GAS OPENS MARGINALLY DOWN$3.63//BULLIONS OPEN SHARPLY HIGHER GOLD$1353 EXP OPEN HIGHER AROUND RS 100 RES $1365//SILVER ZOOMS.....$23.55 OPENS HIGHR AROUND2%exp gap up open to test 35000!!! res 35200 supp 34500.

Saturday, October 9, 2010

BASE METALS UPDATE: YESTERDAYS DATA WAS BEARISH WITH DECREASE IN GOVT JOBS AND MILD INCREASE IN PRIVATE SECTOR JOBS; MKTS REACTED REVERSE AND BET ON INCREASING FED STIMULUS MEASURES TO SUSTAIN ECONOMY WHICH IN TURN IF DONE CLD WEAKEN FURTHER USD( THIS IS AN ANTICIPATION????)//DOW CROSES 11000 LAST NIGHT!!
GM OCT 9,7.45AM: CRUDE$82.66 REBOUNDED STRONGLY AFTER TESTING SUPP 3580, LOOKS POSITVE ABV 3650 WITH SUPP 3625 AND CLD TEST RES 3690/3720//NAT GAS$3.65 SUPP 59 RES 165//GOLD$1345, SILVER$23.10 SILVER LOOKS POSITVE WITH IMM RES 34650 AND SUPP 34000//BASE METALS RALKLIED SHARPLY LME COPPER ABV $8300 COMMEX COPPER $3.77 MCX RES AT 372 AND SUPP 365.50, NICKEL SUPP 1068 RES 1100//

Friday, October 8, 2010

MRKT ALERT 8.40 PM

MCX NOV COPPER MORE POSITIVE ABOVE 370 AND COULD TEST 374/376 LEVELS SUP SEEN BELOW 368.

MRKT ALERT 7.35 PM

U.S Wholesale Inventories m/m Act 0.8% fore 0.6% Prev 1.5%

MRKT ALERT 9.02 PM

LME COPPER IS FIRM AND CURRENTLY MADE A TWO YEAR HIGH $ 8349, AND IN MCX IT MADE A HIGH OF 371.15.

MARKET ALERT ON OCT 9 FRIDAY 6.30 PM IST

High Volatulity cld be expected in this evenings trade .

If data is supportive copper could take strong support at

Rs 362 ./ 360 and bounce back to 365 / 367 l;evels .

Silver mild positive if sustains above Rs 34000 .

These are just levels only

EXP VOLATILE MOVES IN BASE METALS FROM NOW /TRADE SAFE WTH SL GIVEN ALWAYS AND LESS VOLUMES.
MARKET LAERT ON OCT 8 FRIDAY 12. 10 PM IST


MCX Nov copper approaching Target 2 at Rs 359 ,

Trail sl to cost and Target extended up to

Rs 357.50 ,

current low Rs 359.40
MARKET ALERT ON OCT 8 FRIDAY 11.55 AM IST


MCX Nov copper Target 1Achieved at Rs 360.30 ,

Sell was advised upto Rs 362 and call got

trigerred at Rs 361.50 .
MARKET ALERT ON OCT 87 FRIDAY 11.45 AM IST


MCX NOV Copper traders holding sells as per our call given

up to Rs 362 , can book part profits upto Rs 360.50 .

Others hold with levels given .current low Rs 360.70.

Call got trigerred at Rs 361.50 .
MARKEYT ALERT ON OCT 8 FRIDAY 11,20 AM IST

Sell copper upto Rs 362

stop loss above Rs 363.60

Target 1 360.30

Target 2 Rs 359

This is a High Risk call.

UPDATES FOR OCT 8 2010

OCT 8 FRIDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 360 , S2 RS 358 , S3 RS 355

R1 RS 363 , R 2 RS 365 , R3 RS 367

WAIT FOR CONFIRMATION .
INTERESTING FACT ABT OCTOBER 2010/THIS HAS 5 FRIDAYS/5 SATURDAYS/5 SUBDAYS IN SAME MONTH/IT HAPPENS ONCE IN 823 YEARS/THSES ARE MONEY BAGS BASED ON CNINESE FENGSUI/TODAY IS ALSO AUSPICIOUS BEGINNING OF NAVRATRI, GREETINGS AND BEST WISHES!!!
UPDATE AT 8.15 AM:CRUDE$81.57, COMMES COPPER ABV $3.70, TRADING HIGHER ABOUT 0.80% EXP BASE METALS OPEN HIGHER AS PER CURRENT TREND!!!
IMPACT OF JOBS DATA THIS EVENING:WEAK EMPLOYMENT DATA WLD PUT PRESSURE TO RETAIN STIMULUS MEASURES AND EASING FINANCIAL NORMS WHICH WLD WEAKEN THE USD AND SUPPORT BULLIONS// GOOD DATA WOULD STRENGTHEN USD, WEAKEN BULLIONS AND SUPP BASE METALS//ADVICE: TRADE LESS OR LOW RISK TRADERS KEEP AWAY MORNING SESSION, PLS NOTE YESTERDAYS COPPER CALL WAS GIVEN AS HIGH RISK CALL//
METALS UPDATE: ACROSS THE BOARD SELLING LAST NIGHT DUE SMALL RECOVERY IN USD, MKTS EXP WEAK US NON FARM PAYROLL DATA FROM US TONITE, AND PROFIT BOOKING//LME COPPER $8080, COMMEX COPPER$3.69 TRADES MARGINALLY HIGHER AT OPEN MHIS MORNING RES 366 SUPP 359, SEE RANGE BOUND MOVES THIS MORNING, AVOID BIG VOLUME TRADES TILL DATA COMES IN!!!
GM OCT 8,7.30AM: CRUDE$81.26,NAT GAS$3.60( BOTH TRADING MARGINALLY DOWN)//GOLD$1330( CORRECTED SHARPLY FROM HIGH$1366 THURSDAY)SILVER$22.41; BULLIONS CORRECTED SHARPLY DUE: a. profit booking ahead of weekeend b.ahead of US employment data on friday c.currency interventions.

Thursday, October 7, 2010

MRKT ALERT 10.45 AM

MCX Nov Copper Buy above 369 SL below 366 Target 372 - 374 - 376 levels. High Risk

UPDATES FOR OCT 7 2010

OCT 7 THURSDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 365.10 , S2 RS 363.10 , S3 RS 360.50

R1 RS 369 , R2 RS 372 , R3 RS 375

WAIT FOR CONFIRMATION .
BASE METALS UPDATE:MILD NEGATIVE NON FARM PAYROLL DATA FROM US LAST NIGHT CHECKED THE RALLY IN METALS/US DOLLAR TRADING AT 27 MONTH LOWS /LME COPPER$8270 HIT $8300 YESTERDAY HIGH COMMEX COPPER OPENS MILD HIGHER AT $3.76, SUPP 366 RES 369.10/372/ NICKEL WEEKLY SUPP 1088 RES 1125/TODAYS DATA WEEKLY JOBLESS CLAIMS.
GM OCT7,7.30AM: CRUDE$83.30 LTP 3701, CUPP 3685 RES 3730 LOOKS POSITVE DEPENDS ON INR MOVES TODAY, INVENTORY LAST NIGHT WAS POSITVE WITH DROP IN GASOLINE AND DISTILLATE STOCKS/ NAT GAS$3.86 LTP 172.60 LOOKS POSITVE RES 175 SUPP 171//GOLD$1347, SILVER$23.23 BOTH HOLDING AT HIGHER LEVELS HOLD LONG MINIS AS PER TGTS GIVEN GOLDMINI TGTS 19520/19590, SILVER MINI TGTS 34500/34700.

Wednesday, October 6, 2010

MRKT ALERT 5.55 PM

ADP Non-Farm Employment Change Act -39K Fore 23K Prev -10K

MRKT ALERT 5.25 PM

Basemetals showing weakness intraday traders hold longs maintaing strict stops.

MRKT ALERT 2.10 PM

MCX Nov Copper low risk traders can book part profits upto 369.40, others can hold for given targets. Buy given at 368.20 - 368.60.(Reset )

MRKT ALERT 1.30PM

LME Data: Aluminum: -3825; Copper: +25; Lead: +1675; Nickel: -138; Zinc: -675;

MRKT ALERT 12.30PM

MCX Nov Copper low risk traders can book part profits upto 369.70, others can hold for given targets. Low made of 368.70.

MRKT ALERT 12 PM

Buy Copper Nov between 368.20 - 368.60 SL below 366.40 T1 370.50 T2 372.

UPDATES FOR OCT 6 2010

OCT 6 WEDNESDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 363.40 , S2 RS 360.50 , S3 RS 358.10

R1 RS 369 , R 2RS 373 , R3 RS 375

WAIT FOR CONFIRMATION .
BASE METALS UPDATE: BASE METALS RALLIED SHARPLY ON JAPANS DECISION TO BRING DOWN INTEREST RATES AND FED STATEMENTS ON INCREASING LIQUIDITY IN MKTS/LME COPPER$8176 COMMEX COPPER$3.72 MCX SUPP 363.50 RES 369/NICKEL SUPP 1088 RES 1115, ALU SUPP 104.50 RES 106.50/ZINC AND LEAD POSITVE/HOLD LONGS AS PER LEVELS GIVEN/COPPER A WEEKLY CLOSE ABV 369 CLD SEE HIGHER LEVELS/BASE METALS TO OPEN HIGHER ABOUT 0.40%, FURTHER WEAKNESS IF SEEN IN USD CLD PUSH UP ALL COMMODITIES!!!
GM, OCT 6,7.15AM: CRUDE$82.69 SUPP AT 3660 RES 3730,3745 LOOKS POSITVE IF HOLDS ABV 3700//NAT GAS$3.78 OPENS HIGHER RES 172 SUPP 166//GOLD$1344 OPENS HIGHER TO NEW RECORD RES 19550 SUPP 19280 HOLD LONGS GOLD MINI AS PER BUY YESTERDAY AT 19280 EXP GAPUP OPEN/SILVER$22.91 RES 34250SUPP33750 EXP GAP UP DEPENDS ON INR!!!!!!!!!
GM, OCT 6,7.15AM: CRUDE$82.69 SUPP AT 3660 RES 3730,3745 LOOKS POSITVE IF HOLDS ABV 3700//NAT GAS$3.78 OPENS HIGHER RES 172 SUPP 166//GOLD$1344 OPENS HIGHER TO NEW RECORD RES 19550 SUPP 19280 HOLD LONGS GOLD MINI AS PER BUY YESTERDAY AT 19280 EXP GAPUP OPEN/SILVER$22.91 RES 34250SUPP33750 EXP GAP UP DEPENDS ON INR!!!!!!!!!

Tuesday, October 5, 2010

MCX NOV COPPER NEXT RES AT 369.40/MCX OCT NICKEL NEXT RES AT 1110.

MRKT ALERT 7.35 PM

MCX NOV COPPER T3 ACH AT 366.80, BUY GIVEN AT 362 YESTERDAY CARRY OVER CALL.

MRKT ALERT 7.08 PM

Copper looks more positive abv 366 and could test 368 - 370. Sup seen below 363.50.

MRKT ALERT 6.48 PM

MCX NOV COPPER APP OUR T3 AT 366.80, BUY GIVEN AT YESTERDAY CARRY OVER CALL. CURRENT HIGH 366.50

MRKT ALERT 5.43 PM

MCX NOV COPPER T2 ACH AT 366, BUY GIVEN AT 362 YESERDAY CARRY OVER CALL.

MRKT ALERT 5.04 PM

MCX Copper app our T2 at 366, high 365.50,book further profits buy given yesterday at 362.

MRKT ALERT 4.35 PM

MCX Copper Target Ext to 366.8 in our carry over call...!
MCX OCT NICKEL : T1 ACH AT 1082/ MCX NOV COPPER: T1 ACH AT 364.
MCX NOV COPPER APP T1 AT 364 CMP 363.65/BOOK FURTHER PROFITS/BUY GIVEN YESTERDAY AT 362.
MCX Nov Copper traders holding longs above Rs 362 as per call given yesterday can book part profits upto 363 cmpRs 362.90/others hold for levels

MRKT ALERT 1.30 PM

MARKET ALERT ON 05/10 1.30 PM IST

LME Inventory Update

Copper -350MT

Lead -75MT

Zinc -725MT

Nickel -270MT

Aluminum -4350MT

UPDATES FOR OCT 5 2010

OCT 5 TUESDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 359.10 , S2 RS 357 , S3 RS 355

R1 RS 363 , R2 RS 365 , R3 RS 368

WAIT FOR CONFIRMATION .
MARKET ALERT ON OCT 5 TUESDAY 10.15 AM IST

MCX Nov Copper high risk traders holding longs in copper

modify sl to below Rs 359 .

Low risk traders maintain same sl as given as yesterday .
BASE METALS TRADING MARGINALLY LOWER DUE STRENGTHENING IN US DOLLAR AND EURO CONCERNS//LME COPPER$8040 COMMEX COPPER $3.65 MCX SUPP 359 RES 364 NICKEL SUPP 1060 RES 1078//CLD EXP OPEN WITH MILD WEAKNESS/CHINA OPENS ON OCT 8.

Monday, October 4, 2010

MRKT ALERT 10.34 PM

Carry over Copper and Nickel with same SL..!

MRKT ALERT 7.34 PM

Pending Home Sales m/mA 4.3% F 2.8% P5.2% Factory Orders m/m A -0.5% F-0.3% P0.1%
BUY MCX NOV COPPER ABV 362 SL 360.10 TGTS 363.80/365.

MRKT ALERT 6.59 PM

Buy Copper Nov above 362 SL below 360.10 T1 363.80 T2 365 ( Moderate Risk)
DATAS EXP TODAY : 7.30PM PENDING HOME SALES/FACTORY ORDERS//DATS EXP MILDLY BEARISH.
MCX NOV COPPER STRONG SUPP AT 360 AND RES 364.50//DATAS FROM US THIS EVENING CLD DECIDE NEXT TREND!!TREND MORE POSITVE ABV 363,40 WITH SL BELOW 361.50 AND TGT 364.50/365.80 IF MEMBERS WISH TO TRADE!!!
LME INVENTORY FOR OCT 4 MONDAY

Copper +650,

Aluminum -3150,

Nickel -54,

Lead +3475,

Zinc -1000
MARKET ALERT ON OCT 4 MONDAY 11.45 AM IST

Copper positive only on a hold above 364.

Nickel positive above 1075.

Lead and Zinc range bound with no clarity yet.

Crudeoil looks positive.

UPDATES FOR OCT 4 2010

OCT 4 MONDAY

LEVELS FOR MORNING SESSION

S1 RS 360.20 , S2 RS 358.40 , S3 RS 354.40

R1 RS 363.80 . R2 RS 365.60 , R3 RS 368.60

WAIT FOR CONFIRMATION .
GM, OCT4,7.30AM: CRUDE$81.55,TRADING FLAT EARLY,NAT GAS$3.75 OPENS LOWER ABOUT 1%//BULLIONS OPEN HIGHER GOLD HITS HIGH $1320 CMP$1318, SILVER HITS HIGH$22.21, CMP $22.13 MCX OPEN DEPOENDS ON INR OPEN// BASE METALS OPEN MARGINALLY POSITIVE OPENS HIGHER ABOUT 0.40%!!!

Saturday, October 2, 2010

BASE METALS RALLIED SHARPLY LME COPPER HIT HIGH$8170 AFTER VERY GOOD CHINA PPI DATA RELEASED YESTERDAY MORNING BEFORE THEIR HOLIDAYS, MCX RAPICES RALLIED SHARPLY BUT WERE MUTES AFTER MIXED DATA FROM US LAST EVENING AS ALSO SHARP APPRECIATION IN INR/./EASING OF STIMILUS MEASURES BY FED CLD WEAKEN THE DOLLAR FURTHER AND PUSH UP COMMODITIES FURTHER, BUT IF DATAS IN COMING WEEK ARE ALSO GOOD WOULD THE FED VENTURE IN TO ANY FURTHER EASING??? COPPER SUPP 358.50 RES 366, NICKEL SUPP 1058 RES 1078, ALUMINIUM SUPP 103.90 RES 106///
GM OCT 2, 9 AM: CRUDE $81.70, SUPP NOW AT 3600 CLD TEST NEXT RES 3650, SHARP RALLY IN INR OVER LAST 3 DAYS HAS HELD BACK PRICES IN MCX//NAT GAS $3.79//GOLD$1317, NEXT RES AT 1325 TO 1330 SUPP NOW AT 1305; SILVER$22.05 RES 22.22 SUPP 21.85 MCX RES 33350 SUPP 32900, BULLIONS MCX PEGGED DOWN DUE SHARP RALLY IN INR, INR NEXT SUPP AT 44 AND 43.60, BULLIONS IN MILD OVER BOUGHT ZONE TECHNICALLY BUT DEPENDS ON NEXT FED MOVE ON EASING STIMULUS MEASURES OR NOT FOR NEXT MOVE, GOLD RALLY IN TACT SO LONG AS @1280 NOT BROKEN!!!!

Friday, October 1, 2010

MRKT ALERT 6.02 PM

Core PCE Price Index m/m A0.1% F 0.1%P 0.1% Personal Spending m/mA0.4% F 0.4% P 0.4% Personal Income m/mA0.5% F 0.3%P 0.2%

MRKT ALERT 5.55 PM

MCX NOV COPPER TRADERS CAN BOOK PART PROFITS UPTO 364.80, BUY GIVEN ABOVE 363.70.

CORRECTION : MCX NOV COPPER TRADERS CAN BOOK PART PROFITS UPTO 364.80, BUY GIVEN ABOVE 363.70.
(RESET)
LME INVENTORY DATA AT 1.230 PM IST

Aluminium down 3650 MT

Copper doen 350 MT

Lead Up 2675 MT

Nickel Up 1038 MT
MARKET ALERT ON OCT 1 FRIDAY 12.40 pm ist

MCX Nov Copper traders holding long as per our call above Rs 363,70

can book aprt profits at cmp Rs 365.40

Others hold with levels given.
TRADING CALL FOR OCT 1 FRIDAY 10.15 AM IST

Buy Copper Nov above 363.70

SL below 361.500

T1 366

T2 368

This is a High Risk call .

UPDATES FOR OCT 1 2010

OCT 1 FRIDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 360.50 , S2 RS 358 , S3 RS 356

R1 RS 363 , R2 RS 363.80 , R3 RS 368

WAIT FOR CONFIRMATION .
GM OCT1,7.40AM: CRUDE$80.14, LTP 3590 CLD TEST RES 3610 SUPP AT 3570/NAT GAS$3.84//GOLD$1309,SILVER$21.83 SUPP 32800 RES 33350//LME COPPER TRADING AROUND$8020 COMMEX COPPER$3.67 OPENS POSITVE SUPP 359 RES 363.50 RANGE BOUND TILL THEN, NICKEL RES 1060 SUPP 1046, ZINC AND LEAD LACKING CLEAR DIRECTION, ALU BULLISG RES 105.30 SUPP 104//CHINA CLOSED FROM TODAY FOR 8 DAYS//DATA TONITE : CONSUMER CONFIDENCE ,ISM MANU DATS EXP TO BE MIXED AND NEUTRAL FO DOLLAR