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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%

5 comments:

Dhananjay said...

Hi Akshaya
do you still hold your high risk call on copper?

akshaya said...

sir, call goes on though we booked once at 377, buy max sl will be below 372.50
akshaya

Suchet Sharma said...

Hey Akshay
I short sold 300 lots of copper @362.75.Whts ur suggestion, should i hold or should i book the loss? I can hold till next week. As u have earlier replied to Dhananjay that sl is below 372.50 & copper made a low of 372.10. So i should hope that copper is coming down in upcoming days or not.2nd thing is that copper is in very crucial resistance zone as u have said earlier, what do u think

Suchet Sharma said...

What should be the strategy now in this kind of market

akshaya said...

suchet, a break of 372.50 was very momentary and we need to see whats on a closing basis. but we still maintain that even some small corrections wld prefer exit shorts asap; means we wld suggest buy on dips,
res positionally is 377.50 and support at 368;

akshaya