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Tuesday, August 31, 2010

MRKT ALERT 8.25 PM

MCX Nov Copper traders can book part profits upto 351.50, buy given at 350.50 for high risk traders. (Reset)

MRKT ALERT 7.35 PM

MCX Nov Copper traders can book further profits upto 352.50. buy given at 350.50 for high risk traders.

MRKT ALERT 7.20 PM

MCX Nov Copper high risk traders can book part profits upto 351.30, others can hold for given targets...!
MCX NOV COPPER: OVERALL POSITVE ABV 350.50 WITH SUPP AT 348 AND CLD TEST RES 354/356//HIGH RISK TRADERS CLD BUY AS PER THESE LEVELS.
MCX SEPT CRUDE TRADING ABV RES 3500, SUPP NOW AT 3470 AND CLD TEST RES 3520/3540, CMP 3502//MCX NOV COPPER POSITVE ABV 350 SUPP 348 AND RES 354/356
COPPER SELL CALL HAS EXPIRED/WAIT FRESH ENTRY// TRADERS IF ANY HOLDING SELLS IN NICKEL EXIT NEAR COST.

MRKT ALERT 1.30 PM

LME Inventory Copper -1575 Lead -650 Zinc -550 Nickel -198 Aluminium -3125
MCX AUG COPPER APP T1 AT 346.60, CMP 346.80//BOOK FURTHER PROFITS.
LOW RISK AND MULTIPLE LOT HOLDERS ALWAYS ADVISED TO KEEP BOOKING PART PROFITS AT STAGES RECOMMENDED BY US IN THESE CHOPPY MKTS!!
MCX AUG COPPER : BOOK PART PROFITS UPTO 347.30/SELL GIVEN BELOW 348/OTHERS HOLD AS PER LEVELS.CURRENT LOW 347.20.
DATAS TONITE:7.15 PM,CHICAGO PMI PRIOR 62.30 SURVEY 57.30//7.30 PM CONSUMER CONIDENCE PRIOR 50.40 SURVEY 50.70//
Sell Copper Aug below 348 SL above 349.50 T1 346.60 T2 345.50 ( High Risk )
MCX AUG COPPER STRONG SUU AT 348//MCX NOV COPPER STRONG SUPP AT 349!!! IF BREAKS SUPP CLD TEST FURTHER DOWN BY 2 RS APPROX!!!//WAIT FOR ENTRY.
GM, AUG 31, 6.45AM; CRUDE$74.12,LTP MCX3520 SUPP 3500 RES 3560, TRADING MARGINALLY DOWN//. NAT GAS$3.83 TRADING MARGINALLY HIGHER//GOLD $1237, SILVER$19.05 BULLIONS TRADING FLAT SUPP SUPP 302350 RES 30650//BASE METALS TRADING LOWER IN EARLY TRADES , WILL UPDATE//CONTRACT EXPIRY TONITE BY 5.30PM , SOME VALATILITY CLD BE SEEN!!

Monday, August 30, 2010

MARKET ALERT ON AUG 30 MONDAY 5.15 PM IST

MCX Aug traders holding long as per our call given between

Rs 350 to 350.50 can book part profits at cmp Rs 352.

Buy Copper Aug between 350.50 - 351 SL below 348 T1 354 T2 356
UPDATE: CARROVER CALL GIVEN ON FRIDAY NIGHT 8.40PM//BUY NOV COPPER AT 350 SL 346 TGTS 353/355/357/T1 ACH AT 353 ON SATURDAY/HOLD LONGS FOR GIVEN LEVELS///MCX AUG NICKEL POSITVE ABV 990 WITH SUPP AT 974 AND CLD TGT 1010/1015/1020( LEVELS FOR HIGH RISK TRADERS TO BUY)//MCX SEPT CRUDE LTP 3555 , SUPP 3530 RES 3585/3600//NAT GAS TO OPEN HIGHER ABOUT 1 %//MCX SILVER TO OPEN HIGHER SUPP 30100 RES 30650//
GM,AUG30,7.40AM:ALL COMM TRADING HIGHER AT OPEN! CRUDE$75.39, NAT GAS$3.74//GOLD$1237, SILVER$19.13( AS NIFTY EXP OPEN HIGHER WATCH OUT FOR INR APPRECIATION)//BASE METALS OPEN HIGHER//LME LISTED HOLIDAY TODAY ON ACC OF SUMMER BANK HOLIDAY//MORNING SESSION MOVES WILL BE BASED ON TRENDS AND MOMENTUM FROM US ELECTRONIC TRADES!!

Saturday, August 28, 2010

MKT ALERT AT 1.45 PM AUG 28

LAST NIGHT GAVE CALL HIGH RISK TRADERS BUY COPPER NOV ABV 350 /T1 ACH CMP 353 FOR TGTS GIVEN,CARRY OVER
GM AUG 28// ALL COMMODITIES CLOSED AT HIGHS LAST NIGHT AFTER BETTER THAN EXP GDP DATA AND SPEECH BY FED CHAIRMAN, HIGHLIGHTED THAT ECONOMY AND EMPLOYMENTS WERE STILL UNDER STRESS AND THAT WLD NOT HESITATE TO TAKE STEPS TO HELP SUSTAIN ECONOMY THROUGH FISCAL AND ECONOMIC SUPP MEASURES// NOV COP SUPP 346 RES 353/355/357 ///SEPT NICKEL POSITVE ABV 990 SUPP 980 RES 1000/1005//CRUDE COLSES ABV $75.50 MCX 3515!!!!

Friday, August 27, 2010

MARKET ALERT ON AUG 27 FRIDAY 8.40 PM IST

MCX Nov Copper looks positionally very positive above Rs 350

Support seen at Rs 346

And could test 353 / 355 / 357 ,

High risk traders can trade as per these levels given .

MRKT ALERT 8.34 PM

MCX AUG COPPER T3 ACH AT 345.50, BUY GIVEN AT 339.50-340.

MRKT ALERT 8.23 PM

MCX Aug Copper app our T3 at 345.50, buy given at 339.50-340. CMP 345.10

MRKT ALERT 6.30 PM

MCX Aug Copper app our T2 344, TGT Ext upto 345.50, buy given at 339.50-340.
mnkt alert at 6.15pm

mcx aug copper app t2 at 344 cmp 343.60/book futher profits/hold for t3 345.60//buy at 339.50 to 340.
REMINDER: TRAIL SL AROUND COST IN METALS TRADES//LOW RISK TRADERS BOOK.
MKTS MOVING SIDEWAYS AHEAD OF DATAS TONITE AND SPEECH BY FED CHAIRMAN/REDUCE VOLUMES AND TRADE WITH CAUTION!!!!!!!!!!!!!!!

MRKT ALERT 1.30 PM

LME Warehouse Stock Changes:
Copper -1150 Mt
Aluminium -3200 Mt
Zinc -500 Mt
Nickel -96 Mt
Lead -300 Mt
Tin +275 Mt
MARKET ALERT ON AUG 27 FRIDAY


LME INVENTORY DATA

COPPER DOWN 1150 MT

NICKEL DOWN 96 MT

ALUMINIUM 3299 MT

ZINC DOWN 500 MT

LEAD DOWN 300 MT

MRKT ALERT 12.45 PM

MCX Aug Copper app our T2 at 344,book further profits between 343 - 343.20, others hold for Targets given..Buy given at 339.50 - 340.
MCX AUG T1 ACH AT 342/ BUY AT 339.50 TO 340.
MCX AUG COPPER APP T1 AT 342/CMP 341.75/BOOK FUTHER PROFITS/TRAIL SL TO COST AND HOLD FOR LEVELS.
LOW RISK/MULTIPLE LOTS HOLDERS ADVISED TO KEEP BOOKING PROFITS OR TRAIL SL AROUND COST//TREND POSITIVE!!

MRKT ALERT 11.10 AM

MCX Aug Copper book part profits upto 340.90, buy given at 339.50 - 340, others hold for levels given.
Buy Copper Aug between 339.50 - 340 SL below 338 T1 342 -T2 344

UPDATES FOR AUG 27 2010

AUG 27 FRIDAY

TRBADING LEVELS FOR MORNING SESSION

S1 RS 336 , S2 RS 333 , S3 RS 330

R1 RS 343 , R2 RS 346 , R3 RS 349

WAIT FOR CONFIRMATION .
UPDATE: FED CHAIRMAN SPEECH TONITE IN US EXP TO FOCUS ON SLUGGISH EMPLYMENT DATAS AND ON ECONOMIC STIMULUS AND FINANCIALS(watch out??)//NEW CONCERNS ON SPAINS FISCAL DEFICIT SURFACES AGAIN//DOW CLOSES BELOW STRONG TECH LEVEL 10000 LAST NIGHT//DOLLAR INDEX DLAT AT 82.91.
UPDATE:BASE METALS AND CRUDE RALLIED LAST EVENING ON BETTER THAN EXP EMPLYMENT DATA FROM US,BUT LATE EVENING MARGINALLY BAD MANU DATA FROM US PUSHED DN DOW AT CLOSE AND SMLL NEGATIVE IMPACT ON BASE METALS IN EARLY TRDAES THIS MORNING AND ARE TRADING MARGINALLY LOWER//TONITE GDP DATA FROM US EXP LOWER THAN PREVIOUS AT 1.4%( PREVIOUS 2.4%);
GM AUG 27,7.45AM: CRUDE$73( LTP MCX 3468)RES 3480 SUPP 3450; NAT GAS$3.82 SUPP 175 RES 183/185//GOLD$1237 SUPP 19840 RES 18980, SILVER$17.93 SUPP 30100 RES 30450//LME COPPER$7260 BASE METALS OPEN MARGINALLY WEAKER, EXP SMALL DOWN OPEN COPPER MCX LTP 341.50/NOV COPPER SUPP 340 RES 346//

Thursday, August 26, 2010

MARKET ALERT ON AUG 26 THURSDAY 9.20 PM

MCX NOV COPPER POSITIVE ABOVE 342.50 WITH

SUP BELOW 340 AND RES 346/348

(LEVELS ONLY)
MARKET ALERT ON AUG 26 THURSDAY 6.00 PM IST

U.S Unemployment Claims Act 473K

Fore 488K'

Prev 500K

Marginally positive to USD

MRKT ALERT 3.40 PM

Keep SL as cost in Copper and Nickel protect your shorts
MARKET ALERT ON AUG 26 THURSDAY 3.45 PM IST

Keep SL as cost in Copper and Nickel protect your shorts

MRKT ALERT 1.45 PM

MCX Aug Copper book further profits upto 335.40, others hold for levels given..!
MARKET ALERT ON AUG 26 THURSDAY 1.30 PM IST

LME INVENTORY

Copper Down 1175 MT

Aluminium Down 3900 MT

Nickel up 654 MT

Lead down 400 MT

Zinc Up 1425 MT.
MARKET ALERT ON AUG 26 THURSDAY 1.10 PM IST


MCX Aug copper traders holding sells as per our call between

Rs 336.50 to 337 can book part profits at CMP Rs 335.85

MRKT ALERT 11.30 PM

Sell Copper Aug betwen 336.60 - 337 SL above 339.10 T1 334.50 T2 333 ( High Risk )
BASE METALS UPDATE: ALL METALS TESTED STRONG SUPP LAST NIGT AND SEEN REBOUND TECHNICALLY, LME COPPER CMP $7155//BASE METALS EXP TO OPEN POSITVE AS PER EARLY TRADES, COPPER SUPP 330 RES 335.80 LTO 333.75, CLD TEST RES INITIALLY//NICKEL RES 960/969 SUPP 940// ALL BASE ,METALS CLD OPEN HIGHER!!! WILL FOLLOW UP WITH UPDATE BEFORE MKT OPEN!!

Wednesday, August 25, 2010

MARKET ALERT ON AUG 25 WEDNESDAY 8.00 PM IST

US New Home Sales Act 276 K

Forecast 333 K

Previous 330 K.

MRKT ALERT 5.05 PM

MCX AUG COPPER UPDATE UNFORTUNATELY OUR SL GOT HIT EXACTLY AND THEN T1 ACH AT 332.30...!!

MRKT ALERT 1.30 PM

25/08 LME Inventory Update Copper -1400MT Lead 0MT Zinc +825MT Nickel +792MT Aluminum -3675MT Tin +5MT
MCX AUG COPPER: TRADERS HOLDING SELLS AT 334.20, BOOK PART PROFITS UPTO 333.40/OTHERS HOLD FOR LEVELS GIVEN.
Sell Copper Aug between 334 - 334.20 SL above 335.50 T1 332.30 T2 330.50
GM, AUG25.9.15AM: BASE METALS EXP TO OPEN MARGINALLY POSITIVE//LME COPPER AT $7200 IN EARLY TRADES//BULLIONS HOLDING AT SAME LEVELS//CRUDE $71.90//

Tuesday, August 24, 2010

MCX AUG SILVER MINI HITS HIGH 29460/BUY GIVEN YESTERDAY AT 28800/RES NEXT AT 29500,TRADERS HOLDING BUYS CARRY OVER, BOOK MAX PROFITS.PLS VISIT OUR BLOG AT SILVERUPDATES.BLOGSPOT.COM
UPDATE; COPPER LOW 332.75( GIVEN AS LEVELS WEAK BELOW 335, NOW RES AT 335.80 AND CLD TEST 331/330.50)//NICKEL HITS LOW 966( GIVEN AS LEVELS WEAK BELOW 973 TO 975, NOW NEXT SUPP 960/958)
EXIXTING HOME SALES ACT 3.83 M/FORECAST 4,68M/PREVIOUS 5.37M
MCX AUG COPPER WEAK BELOW 335, AND IF SUSTAINS TILL TONITE AFTER DATA, CLD TEST LOWER LEVELS 333/331 WITH IMM RES SEEN ABV 336.70( LEVELS)
data at 7.30pm existing home sales: exp 4.72 mn/ prior 5.37 mn.

MRKT ALERT 1.30 PM

LME INVENTORY - COPPER+1625 NICKEL +954 LEAD +150 ZINC +2400 ALUMINIUM -3775
MCX Aug Copper update - Current low 336.70 Yesterdays low same 336.70. Now if breaks below 336.70 could test 335.30 and then more weakness could come below 334.80 // Res now seen at 339 - 340.
MCX AUG COPPER TRADING RANGE STRONG SUPP AT 335 AND RES IMM AT 339.50 AND POSITIVE ABV 341 ONLY!!!!! // CRUDE CLD TEST SUPP 3400, GIVEN AS LEVELS YESTERDAT WEAK BELOW 3470 TILL 3440/3400, CMP 3411;
Markets Trading Range bound...Gold between 18650 - 18750.Silver between 28800 - 28900. Copper between 337 - 339. Nickel between 990 - 995.Lead, Zinc and Aluminium around 95.Crude 3430 - 3460..Momentum will come on a Strong break out either side, May be Data tonight could have some clarity...!!

UPDATES FOR AUG 24 2010

AUG 24 TUESDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 339 , S2 RS 334.60 , S3 RS 332.40

R1 RS 342 , R2 RS 345 , R3 RS 347

WAIT FOR CONFIRMATION .

SOURCE : BLOOMBERG AUGUST 24.

Copper dropped ahead of data that economists forecast will show the U.S. housing market slowed last month, dimming prospects for demand in the world’s second- largest user. The metal in Shanghai slumped to a one-week low.
Copper for three-month delivery on the London Metal Exchange fell as much as 0.6 percent to $7,210 a metric ton, and traded at $7,235.25 at 10:20 a.m. in Singapore. The December- delivery contract on the Shanghai Futures Exchange tumbled as much as 0.9 percent to 56,640 yuan ($8,329) a ton, the lowest level since Aug. 16, before trading at 56,800 yuan.
GM AUG 24,8.15AM: WISHING MEMBERS A HAPPY RAKSHABANDHAN FROM TEAM AKSHAYA!!//CRUDE$72.60, OPEN SLOWER , SUPP 3400/3380 RES 3460,LTP 3434//NAT GAS$4.07//GOLD$1221,SILVER417.94( BULLIONS TRADING MARGINALLY LOWER)//BASE METALS OPEN MARGINALLY LOWER , COPPER RES 342.50 SUPP 336,LTP 339.10/NICKEL RES AT 1008 SUPP 988/981//HOUSING DATAS EXP FROM US THIS EVENING, MTS EXP DATA NEGATIVE, TRADE LESS AND WITH STRICT SL IN BASE METALS!!!!

Monday, August 23, 2010

MARKET ALERT ON AUG 23 MONDAY 6.45 PM IST

Copper is having high volatility and is moving ina range

between Rs 337.50 to 338.50

More selling could come below Rs 337

Positionally if it does not break Rs 335 it still

looks positive .................
REMINDER: OUR LAST COPPER MSG AT 2.30PM GAVE POSITIVE ABV 338.80, HIGH CAME 338.70!!!!
MCX AUG COPPER AGAIN WEAK BELOW 337 WITH RES ABV 339.50( ORGINAL TRAILING SL GIVEN 339.55) AND CLD TGT 336/335.30//HIGH RISK TRADERS CLD INITIATE SELLS BELOW 336.90.
MCX AUG COPPER UNABLE TO BREAK STRONG SUPPORT 335 , CLD REBOUND HIGHER , POSITVE ABV 338.80 WITH SUPP 336.50 AND CLD RETRACE AND TEST 340./341/342( PREFER EXIT SELLS ABV 339)
TRADERS HAVING SELLS IN COPPER TRAIL SL TO ABV 339.55.

MRKT ALERT 1.30 PM

LME DATA - ALUMINIUM -4675, COPPER +475, LEAD +175, NICKEL +168, ZINC - 300.

MRKT ALERT 1.10 PM

MCX Aug Copper T1 achieved at 337, hold for T2 given...!
MCX AUG COPPER: HITS LOW 337.25 AGAINST T1 337/ SELL GIVEN UPTO 338.50/BOOK FURTHER PROFITS AND HOLD FOR LEVELS GIVEN.
MCX AUG COPPER: BOOK PART PROFITS UPTO 337.60/SELL GIVEN UPTO 338.50/OTHERS HOLD FOR LEVELS GIVEN.
LOW RISK TRADERS ADVISED TO ENTER METALS TRADE AFTER LME OPENS !!!!!
TRADERS CLD INITIATE SELLS IN COPPER AT 338.40 TO 338.60.
MCX AUG COPPER WEAK BELOW 339 WITH RES ABV 340.10 AND CLD TEST SUPP 337/336/335.30//HIGH RISK TRADERS CLD TRADE AS PER THESE LEVELS.

Friday, August 20, 2010

MRKT ALERT 6.18 PM

MCX Aug Copper T2 ach at 335.50, sell given at 339.50
MCX AUG COPPER: T2 ALMOST ACH AT 335.50, CMP 335.70/SELL GIVEN AT 339.50/BOOK FULL PROFITS.
MCX AUG COPPER APPROACHING T2 AT 335.50, CMP 336.50/BOOK MAX PROFITS /SELL GIVEN AT 339.50.
HIGH RISK TRADERS STILL HOLDING SELLS IN COPPER TRAIL SL TO COST.

MRKT ALERT 2.22 PM

MCX Aug Copper T1 achieved at 337.10, Sell given at 339 - 339.50. Hold for T2 given..!!

MRKT ALERT 1.30 PM

LME INVENTORY UPDATE COPPER -1800MT LEAD +25MT ZINC -150MT NICKEL +720MT ALUMINIUM +150MT TIN +370MT
MCX AUG COPPER APP T1 AT 337.10 CMP 337.50/LOW RISK TRADERS BOOK MAX PROFITS OR TRAIL SL TO COST.
MCX AUG COPPER: LOW RISK TRADERS BOOK FURTHER PROFITS UPTO 337.90 AND TRAIL SL TO 340/OTHERS HOLD AS PER LEVELS.
MCX AUG COPPER:LOW RISK TRADERS BOOK PART RPOFITS UPTO 338.60 /SELL GIVEN UPTO 339.50/OTHERS HOLD FOR LEVELS//338 IS STRONG SUPP LEVEL.
Sell Copper Aug between 339 - 339.50 SL above 341 T1 337.10 T2 335.50
UPDATE AT 8.45 AM; BASE METALS TRADIN LOWER IN EARLY TRADES!!OPPER DOWN 0.40%, ZINC DOWN .80%!
GM, AUG 20.8.15AM: CRUDE74.47(TRADING FLAT),NAT GAS$4.16//GOLD$1232(HOLD CARROVER LONGS IN GOLDMINI AS PER CALL YESTERDAY),SILVER$18.33//BASE METALS TRADING FLAT, COPPER SUPP 338 RES 343.50, NICKEL RES 1025 SUPP 1005//BASE METALS TUMBLED DOWN LAST NIGHT AFTER VERY POOR US DATA , DOW CLOSES SHARPLY DOWN!!

Thursday, August 19, 2010

MARKET ALERT ON AUG 19 THURSDAY 9.30 PM IST

Copper dropped heavily and trading below strong support at

Rs 340 , a close below Rs 340 could see more downside.

Nickel weak below Rs 1015 , but trading in a tight range .
US UNEMPLOYMENT CLAIMS 500K FORE 478 PREV 484/ MARGINALLY NEGATIVE TO USD.
TODAYS DATA: UNEMPLOYMENT CLAIMS FORECAST 478K, PREVIOUS 484//PHILLY FED MNAU INDEX FORECAS 7.1 PREVIOUS 5.1/CB LEADING INDEX FORE 0.2% PREVIOUS -0.20%//ALL DATA IF COMES AS IS IS GOOD AND POSITIVE.FOR USD.
MCX AUG COPPER ; BOOK FURTHER PROFITS UPTO 346.85./BUY AT 345.50.
MCX AUGUST COPPER: TRDERS HOLDING LONGS AT 345.50 BOOK PART PROFITS UPTO 346.40./OTHERS HOLD FOR LEVELS GIVEN/

MRKT ALERT 1.30 PM

19/08 LME Inventory Update Copper +225MT Lead +25MT Zinc -50MT Nickel -300MT Aluminum -5100MT Tin +15MT
LME INVENTORY FOR AUG 19 THURSDAY 1.30 PM IST

COPPER UP 225 MT

NICKEL DOWN 300 MT

ALUMINIUM DOWN 5100 MT

LEAD UP 25 MT

ZINC DOWN 50 MT
MARKET ALERT ON AUG 19 THURSDAY 1.30 PM IST

Markets moving zig zag , a confirmation of bullishness

would be only on a close above Rs 347

Low risk traders prefer avoid positions till then .
Buy Copper Aug above 345.50 SL below 342.50 T1 348 T2 349.90
COPPER UPDATE: CRITICAL RES AT 345 TO 345.50, ABV THAT CLD TESTY 347 AND IF HOLDS ABV 347 MORE BULLISH// DOWNSIDE SUPP NOW AT 342//NICKEL RES AT 1027 SUPP 1010.//SAFER WAIT FOR FRESH ENTRIES.
MCX AUG COPPER UPDATE: WEAK BELOW 343 WITH RES ABV 345 AND CLD TEST SUPP 341/339.80//(LEVELS FOR HIGH RISK TRADERS)
DATA THIS EVENING FROM US: INITIAL JOBLESS CLAIMS// WEEKLY LEVELS COPPER SUPP 338 RES 345, NICKEL SUPP 989 RES 1036/ZINC,LEAD SUPP 97 RES 100//CRUDE SUPP 3430 RES 3550, GAS SUPP 196 RES 205, SILVER SUPP 28850 RES 29700//GOLDM SUPP 18480 RES 18700.
GM AUG 19.8 AM: CRUDE$75.30( TRADING FLAT), NAT GAS$4.23/GOLD$1129.50,POSITIVE ABV $1230/,SILVER$18.48, SUPP 29100 RES 29480(OPENS POSITIVE BUT DEPENDS ON INR OPEN)/BASE METALS OPEN MARGINALLY LOWER; COPPER SUPP 339 RES 345/NICKEL SUPP 1005 RES 1030, ZINC SUPP 97.40 RES 99.50//MEMBERS ADVISED TO KEEP BOOKING PART PROFITS AS AND WHEN ADVISED AND LOW RISK TRADERS TRAIL SL AROUND COST TO MAKE TRADES SAFE ESP WHEN MKTS ARE AS CHOPPY AS YESTERDAY!!!

Wednesday, August 18, 2010

BASE METALS IMM SUPPORTS COPPER : 339//NICKEL 1002/ZINC 97/LEAD 97.10/ALU 97//WATCH OUT FOR THSES LEVELS ,IF BREAKS AND CLOSES BELOW CLD TEST FURTHER DOWNSIDE!
MARKET ALERT ON AUG 18 WEDNESDAY 1.30 PM IST

Copper Down 1725

Lead Up 75 MT

Zinc Down 500 MT

Nickel Down 624 MT

Aluminium Up 20975 MT .

UPDATES FOR AIUG 18 2010

AUG 18 WEDNESDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 341,50 , S2 RS 338 , S3 RS 336

R1 RS 345.60 , R2 RS 347.50 , R3 RS 349

WAIT FOR CONFIRMATION .
MARKET ALERT ON AUG 18 WEDNESDAY 10.50 AM IST


MCX Aug Copper ( carry over call Buy at Rs 338 to 338. 30)

approaching extended tgt Rs 345 , cmp Rs 344.45 , book further

profits // More bullishness will be seen if sustains above Rs 345.50
AGRI UPDATE( GIVEN FOR OUR AGRI MEMBERS): MENTHA POSITIONAL CALL RUNNING FROM 753(AUG CONTRACT) LTP 779, YESTERDAY GIVEN POSITIONAL BUYS FOR SEPT AT 780, LTP 790//NCDEX SEPT POSITIONAL BUYS IN POTATO BEING CARRIED OVER, UPPER FREEZE LAST 2DAYS//POSITIONAL HOLD LONGS IN PEPPER AND JEERA CALLS ON!!!
BASE METALS UPDATE: METALS CLOSED HIGHER ON WEAK US DOLLAR AND DOW CLOSES HIGHER 170 PTS/COPPER LTP 343.70, SUPP AT 341 AND RES AT 345/347( HOLD LONGS AS PER PUR CARRYOVER BUYS FROM 338)//NICKEL SUPP 1018 RES 1034( HOLD CARRYOVER LONGS AS PER THESE LEVELS)// EXP BVASE METALS TO OPEN MARGINALLY POSITVE AS PER EARLT TRADES NOW!!//
GM AUG18.7.30AM:CRUDE$75.56( LTP MCX 3551, SUPP AT 3515 RES 3575/3590/3610 PREFER LONGS AS PER THSES LEVELS, POSITVE ABV 3540)/NAT GAS$4.28( CLOSES ABV 201 MCX, SUPP NOW AT 197 AND RES AT 206, IF HOLDS ABV CLD TEST HIGHER LEVELS AS UNABLE TO BREAK DOWN PAST 3 DAYS!)//GOLD $1226,SILVER$18.61( HOLD OUR LONGS IN MINIS AS PER OUR CALL, SILVER SUPP 29230 RES 29600/29750)GOPLD RES 18700 SUPP 18500)SILVER MORE POSITVE IF SUSTAINS AND CLOSES ABV $18.65!!!!!!

Tuesday, August 17, 2010

MRKT ALERT 8.45 PM

MCX Aug Copper revise SL to below 341.50 and hold for target 345 / 347 ( Carry over), Buys initiated yesterday at 338 - 338.30.
Building Permits A 0.57M F 0.58M P 0.58M PPI m/m A 0.2% F 0.2% P -0.5% Core PPI m/m A 0.3% F 0.2% P 0.1% Housing Starts A 0.55M F 0.57M P 0.55M Data Mixed for USD
MCX AUG COPPER : TRAIL SL TO 340 AND HOLD FOR TGTS 343.80/345//BUY GIVEN YESTERDAY AT 338.
MCX AUG COPPER: T2 ACH AT 342.50/BUY GIVEN AT 338.
MCX AUG COPPER APP T2 AT 342.50/BUY GIVEN YESTERDAY AT 338/BOOK FURTHER PROFITS.
MARKET ALERT ON AUG 17 TUESDAY 1.45 PM IST

MCX Aug Copper approaching our Target 2 at Rs 342.50

CMP Rs 341.60

Traders holding longs can book further profits and hold for

Target 3 Rs 343.80

Buy was given yesterday at Rs 338.....
MARKET ALERT ON AUG 17 TUESDAY 1.30 PM IST

LME INVENTORY

Copper Down 1675 MT

Lead Up 242 MT

Zinc Up 3325 MT

Nicke Down 420 MT

Aluminium Up 70825 MT

MRKT ALERT 1.10 PM

MCX Aug Copper traders holding longs as per buy yesterday at 338, book further profits upto 341, others hold for T2 given.

MRKT ALERT 12.20 PM

MCX Aug Copper buy given yesterday T1 achieved at 340, traders holding longs book further profits and trail sl to cost. Strong res seen at 341 - 341.50
MARKET ALERT ON AUG 17 TUESDAY 11.00 A,M IST

MCX Aug copper our buy call yesterday at Rs 338 call

continuing revise sl to below Rs 336.80 for

targets Rs 340 / 341 .

UPDATES FOR AUG 17 2010

AUG 17 TUESDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 336.10 , S2 RS 333 , S3 RS 331.20

R1 RS 341.50 , R2 RS 343.50 , R3 RS 346

WAIT FOR CONFIRMATION .
DATA EXP FROM US TONITE: HOUSING STARTS (6 PM)/INDUSTRIAL PRODUCTION(6.45)//DATAS ARE EXP TO BE POSITIVE AS PER SURVEYS!!!
GM, AUG 17,8.15AM; CRUDE$75.35, NAT GAS$4.22,GOLD$1225,SILVER$18.46//BASE METALS TRADING ALMOST UNCHANGED!!!!!!!!

Monday, August 16, 2010

MCX AUG COPPER; TREND VERY CHOPPY IN THE RANGE 339.50 TO 337.50/TRADERS HOLDING LONGS REVISE SL TO BELOW 337.50.


MKT UPDATE AT 7.55 PM: COPPER SUPP 336.40 RES 340/341.50///NICKEL SUPP 990 RES 1020//CRUDE SUPP 3495 RES 3555/S/ILVER SUPP 29250 RES 29480//NAT GAS RES 201 SUPP 197/195.

MRKT ALERT 6.25 PM

MCX Aug Copper app our T1 at 340, buy given at 338. CMP 339.80

MRKT ALERT 6.06 PM

MCX Aug Copper low risk traders can book part profits upto 339.20, others hold for given targets, buy given at 338.
MARKET ALERT ON AUG 16 MONDAY 12.55 PM IST

: Buy Copper Aug between 338 - 338.30

SL below 336.40

T1 340

T2 341.20
MARKET ALERT ON AUG 16 MONDAY 12.10 PM IST

Copper strong sup seen at 335, Res is seen at 338 - 340.

Nickel trading range bound between 1000 - 1020.

Crudeoil trading weak for short term, wait for confirmation.

Res 3600. Sup 3540.

Silver positive above 29100 and will confirm only above 29350

UPDATES FOR AUG 16 2010

AUG 16 MONDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 333 , S2 RS 331 , S3 RS 328

R1 RS 338.50 , R2 RS 341.20 , R3 RS 343

WAIT FOR CONFIRMATION .
mkt update at 8.10am;crude recovers early losses to trade marginally higher at $75.53(up14 cents)//gold trades higher at$1220//copper opens marginally higher by 0.20% in early trades, mcx ltp 334.90.
GM AUG 16.7.30AM: CRUDE$75.18(OPENS MARGINALLY LOWERO.20 CENTS)LTP MCX 3541; NAT GAS$4.33//GOLD$1218,SILVER$18.26( BULLIONS OPEN POSITIVE)//BASE METALS TRADING FLAT!!//JAPAN GDP RELEASED THIS MORNING WEAKEST IN LAST 3 QUARTERS PULLS DOWN ASIAN INDICES/USD OPENS MARGINALLY STRONGER VS EURO AND YEN HOLDING BACK COMMODITIES//WATCHOUT FOR INR OPEN!!!!

Friday, August 13, 2010

MRKT ALERT 9.14 PM

MCX Aug Copper a further break of 335 could test more down side till 333-331 Res seen at 337-338 (Levels only)

MRKT ALERT 11.35 AM

MCX Aug Copper book part profits upto 340.50 - 340.80, buy initiated upto 339.50,Strong res will be seen at 341 - 341.50 levels.
Buy Copper Aug between 339.50 - 339.80 SL below 337.90 T1 342.10 T2 344 ( High Risk)LESS VOLUMES!!
Base metals trading range bound with high volatality. All trading near resistance and a strong break could decide further upside.
GM AUG13.8AM:CRUDE$76.19(ltp 3665,supp 3640 res 3690)//nat gas$4.28//gold$1216,silver$18.12//base metals trading flat, lme copper$7245, cop ltp 338.30 res 340.80 to 341 supp 336.

Thursday, August 12, 2010

NARKET ALERT ON AUG 12 THURSDAY 1.30 PM IST

12/08 LME Inventory Update

Copper +2750MT

Lead +0MT

Zinc -100MT

Nickel +396MT

Aluminum -4125MT

Tin -250MT
MARKET ALERT ON AUG 12 THURSDAY 11.50 PM IST


MCX Aug Copper has strong support at Rs 335 to 334.50/

traders holding sells book part profits up to Rs 335.50 to 335.30 .

Others hold with levels given .

Sell was between Rs 336.20 to 336.60 .
MARKET ALERT FOR AUG 12 THURSDAY 10.25 AM IST


Sell Copper Aug between 336.20 - 336.60

SL above 338

T1 334.50

T2 332.50

UPDATES FOR AUG 12 2010

AUG 12 THURSDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 335.40 , S2 RS 33.80 , S3 RS 331

R1 RS 339 , R2 RS 342 , R3 RS 345

WAIT FOR CONFIRMATION .
GM,AUG12,8.20AM: CRUDE$77.35( 0PENS LOWER 60 CENTS, LTP 3672, CLD OPEN AROUND 3660 TO 3655 DEPENDS ON INR OPEN EXP INR OPEN HIGHER!!!)/NAT GAS $4.32//GOLD$1200,SILVER$17.89//BASE METALS TRADING FLAT LME COPPER $7200//DOW DOWN 265 PTS,US JOBLESS CLAIMS DATA TONITE!

Wednesday, August 11, 2010

MRKT ALERT 1.30 PM

10/08 LME Inventory Update Copper -2050MT Lead +450MT Zinc -150MT Nickel +264MT Aluminum +1900MT Tin -605MT
LME INVENTORY FOR AUG 11 WEDNESDAY 1.30 PM IST

Copper Down 2050 MT

Lead up 450 MT

Zinc Down 150 MT

Nickel Up 264 MT

Aluminium Up 1900 MT .

MARKET ALERT ON AUG 11 NWEDNESDAY 11.45 PM IST

MCX Aug Copper has broken crucial support of Rs 338

If it holds below this then it can test 336 / 335 levels again

Strong Res seen at Rs 340 to 341.80 levels.

MARKET ALERT ON AUG 11 WEDNESDAY 11.30 AM IST

Low risk Traders holding longs in copper can exit
MARKET ALERT ON AUG 11 WEDNESDAY 11.05 PM IST

Buy Copper Aug between 339.50 - 339.90

SL below 338

T1 341.50

T2 343
GM AUG11,8AM: CRUDE$79.90(LTP3722,EXP TO OPEN WITH SMALL WEAKNESS AROUND 3715,SUPP NOW AT 3690 RES 3745)//NAT GAS$4.33(LTP 201.70, SUPP 199.50 RES 205.20,EXP OPEN MARGINALLY UP)//GOLD$1204,SLVER$18.34(EXP GOLD TO OPEN HIGHER)//BASE METALS TRADING FLAT TO MARGINALLY HIGHER COPER LTP 339.20,NICKEL 1034//FOMC LEAVES INTEREST RATES UNCHANGED, COMMENTS THAT PACE OF US RECOVERY SLOW!//CHINA IMPORT DATA WEAK, AND JAPANESE DATA WEAK THIS MORNING//

Tuesday, August 10, 2010

MKTA LERT AT 3.28 PM

MCX AUG COPPER: T4 ALMOST ACH AT 335.70 LOW 335.80/SELL GIVEN AT 340.50/BOOK FULL PROFITS.

MKT ALERT AT 2.47PM

MCX AUG COPPER APP T4 AT 335.70, CMP 336.10,BOOK FURTHER PROFITS/SELL AT 340.50.
MARKET ALERT ON AUG 10 TUESDAY 1.45 PM IST


MCX Aug Copper Target 3 Achieved at Rs 336.80 .

Sell was given at Rs 340.50.
MARKET ALERT ON AUG 10 TUESDAY 1.40 PM IST


MCX Aug Copper approaching Target 3 at Rs 336.80 ,

cmp Rs 336.20 , Book further profits and hold for Target 4

Rs 335.70 ,

Sell was given at Rs 340.50 .
LME : COPPER DN 2100/NICKEL DN 240/ALU DN 5175/ZINC DN 575/LEAD UNCHANGED

MRKT ALERT 1.20 PM

MCX Aug Copper T1 achieved at 339, hold for T2 given..!!

MRKT ALERT 1.15 PM

MCX Aug Copper T1 achieved at 339, hold for T2 given..!!
MARKET ALERT ON AUG 10 TUESDAY 1.20 PM IST

MCX Aug Copper Target 2 Achieved at Rs 338.20

Sell was below Rs 340.50 .
MARKET ALERT ON AUG 10 TUESDAY 1.15 PM IST

MCX Aug copper approaching Target 2 at Rs 338.20

Target extended to Rs 336.80

Sell was below Rs 340.50 .
mkt alert at 1.10pm

mcx aug copper: t1 ach at 339/seel given below 340.50.
MARKET ALERT ON AUG 10 TUESDAY 1.15 PM IST

MCX Ayg Copper current low Rs 339.15 against

our target 1 of Rs 339.

Traders can book further profits.

MRKT ALERT 1.05PM

MCX Aug Copper low risk traders can book part profits upto 339.70,others can hold for given targets. Sell given below 340.50..!
MARKET ALERT ON AUG 10 TUESDAY 11.15 AM IST

Sell MCX Aug below Rs 340.50 ,

Stop loss above Rs 342

Target 1 Rs 339

Target 2 Rs 338.20,

UPDATES FOR AUG 10 2010

AUG 10 TUESDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 340.60 , S2 RS 338.40 , S3 RS 336

R1 RS 344.50 , R2 R S347 , R3 RS 349

WAIT FOR CONFIRMATION .
GM,AUG 10,8 AM: CRUDE$81.23( SUPP 3725 RES 3775),NAT GAS$4.33/GOLD$1202,SILVER$18.33( BULLIONS FLAT)//LME COPPER $7425 TRADING FLAT TO MARGINALLY DOWN AT PRESENT//FOMC MEET DECISIONS TONITE//MKTS ALSO WAITING FOR CHINESES DATA THIS WEEK FOR NEXT MOVE!!

Monday, August 9, 2010

NICKEL RES 1042 TO 1044//COPPER RES 345.50 TO 346//HAS TO CLOSE ABV THSES LEVELS FOR NEXT UPMOVE ELSE SELLING AT RES CLD COME IN!!!
Zinc looks positive above 98 levels till 99.50 - 100. Sup is seen at 98 - 97.20. Lead trading between 100 - 102. More buying above 103 only. Aluminium range bound between 101 - 102. Gas as expected trading weak, more weakness below 207 till 205 - 200. Res 210- 212
Copper range bound between 340 - 344. Res is at 345.50 and sup seen at 340 - 338. Crude Res is at 3770 and Sup seen at 3730 - 3700. Buy on dips is advised. Nickel trading positive sup seen at 1020 and res is at 1040 - 1050. Weekly looks positive.
LME DATA COPPER DN 2150/LEAD UP 2000/ZINC DN 675/NICKEL DN 1062/ALUMINIUM DN 6025.

UPDATES FOR AUG 9 2010

AUG 9 MONDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 340.60 , S2 RS 339.10 , S3 RS 336.80

R1 RS 343.90 , R2 RS 346.90 , R3 RS 349.10

WAIT FOR CONFIRMATION .
GM AUG9,7.20AM: GOLD$1204.50,SILVR$18.44,CRUDE$81.05(OPENS HIGHER ABOUT 30 CENTS, LTP 3732.TO OPEN AROUND 3740TO 3743 DEPENDING ON INR OPEN; NAT GAS$4.48//COPPER OPENS HIGHER ABOUT 0.75% UP LTP 342.20 AS PER CURRENT TREND OPEN ABT 344 IN MCX//EURO VC USD UP MARGINALLY !!

Friday, August 6, 2010

MRKT ALERT 8.30 PM

MCX AUG COPPER NOW SUP AT 338 IF BREAKS RES WILL BE AT 342 AND COULD TEST 336/334.
MARKET ALERT ON AUG 6 FRIDAY 6.00 PM IST

Unemployment Rate Act 9.5% Exp 9.6% Pre 9.5% Non-

Farm Employment Change Act -131K Exp -63K Pre -125K

Average Hourly Earnings m/m Act 0.2% Exp 0.1% Pre -0.1%

(News Negetive to USD & Basemetals Trade coutiously)
MCX AUG COPPER HIGH 343.75//ZINCM 98.15//ALU102.25//TRADERS HOLDING LONGS BOOK MAX PROFITS/ LOW RISK TRADERS TRAIL SL TO COST!!!!
MCX Aug Copper Target 1 Achieved at Rs 343.30, Buy was given above Rs 341.50 .
MARKET ALERT ON AUG 6 FRIDAY 1.30 PM IST


06/08 LME Inventory Update

Copper -450MT

Lead +750MT

Zinc -575MT

Nickel -444MT

Aluminum -2825MT

Tin +325MT
MARJET ALERT ON AUG 6 FRIDAY 1.OO PM IST


MCX Aug Copper low risk traders can book part profits at

cmp Rs 342.50 , Buy was given above Rs 341.50
AUG COPPER POSITVE ABV 341.50 WITH SUPP BELOW 340 AND CLD TEST RES 343/344/344.50//AUG ZINCMINI POSITIVE ABV 96.60 WITH SUPP BELOW 95.80 AND CLD TEST RES 97.50/98///TRADERS CLD TRADE( BUYS) AS PER LEVELS GIVEN.
Copper could bounce back if not breaks and hold below 338 levels. Nickel looks positive above 1010 levles. Zinc is bit positive than lead. Overall looks firm. Buy on break out or on possible dips advised. Crudeoil loooks range bound around 3780 - 3820

UPDATES FOR AUG 6 2010

AUG 6 FRIDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 339.60 , S2 RS 336 , S3 RS 333.50

R1 RS 344.50 , R2 RS 347 ,. R3 RS 349

WAIT FOR CONFIRMATION ,
GM AUG6.7.30AM: CRUDE$82.07( SUPP 3760 RES 3830),NAT GAS$4.62//GOLD$1196,SILVER$18.37/BASE METALS OPEN MARGINALLY DOWN//COPPER SUPP 338 RES 345.60 (WEEKLY BASIS)//POOR DATA FROM US LAST NIGHT(POOR RETAILS SALES,JOBLESS CLAIMS)PUULED DOWN METALS,USD ENDS MATGINALLY WEAK HOLDING BASE METALS!//TONITE DATA CRITICAL, NON FARM PAYROLL DATA!!!

Thursday, August 5, 2010

WEKLY SUPP FOR COPPER IS 338 AND RES 345.70//NICKEL SUPP 1008 AND RES 1025//ZINC SUPP 95.20 AND RES 97.80//CRUDE RES 3830 AND SUPP 3760//

MRKT ALERT 1.30 PM

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

MRKT ALERT 12.20 PM

MCX Aug Copper low risk traders advised to exit around 344 - 344.30/ High risk traders hold as per levels given..
MARKET ALERT ON AUG 5 THURSDAY 10.40 AM IST

Buy Copper Aug between Rs 344.50 to 345

Stop loss Below Rs 342

Target 1 Rs 347.30

Target 2 Rs 349

Trade less volume .

UPDATES FOR AUG 5 2010

AUG 5 THURSDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 342 , S2 SR 339 , S3 RS 336

R1 RS 347 , R2RS 349.50 , R3 RS 352

WAIT FOR CONFIRMATION .

Wednesday, August 4, 2010

MRKT ALERT 1.30 PM

04/08 LME Inventory Update Copper -125MT Lead +125MT Zinc -700MT Nickel -288MT Aluminum +1225MT Tin +40MT

MARKET ALERT ON AUG 4 WEDNESDAY 1.30 PM IST

04/08 LME Inventory Update

Copper -125MT

Lead +125MT

Zinc -700MT

Nickel -288MT

Aluminum +1225MT

Tin +40MT

UPDATE FOR AUG 4 2010

AUG 4 WEDNESDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 340 , S2 RS 338 , S3 RS 335

R1 RS 345 , R2 RS 347.50 , R3 RS 349

WAIT FOR CONFIRMATION .
GM,AUG4,7.30AM:CRUDE $82.42( MCX TO OPEN MARGINALLY HIGHER) ,NAT GAS$4.65//GOLD$1194,SILVER$18.58( BULLIONS OPEN HIGHER)//BASE METALS TRADING FLAT//DATA TONITE: ISM NONMANUFAUTURING DATA, CRUDE INVENTORY//USD WEAKENS FURTHER VS EURO!!!

Tuesday, August 3, 2010

UPDATE AT 7.35 PM

DATA FROM US IS NEGATIVE FOR DOLLAR AND BASE METALS, COPPER SUPP STRONG AT 338 TO 337//NICKEL SUPP 990/982 RES ABV 1008//ALL BASE METALS REACTING TO NEGATIVE HOME SALES DATA FROM US.
MARKET ALERT ON AUG 3 TUESDAY 1.30 PM IST

LME INVENTORY DATA

Copper up 1000 MT

Lead up 900 MT

Zinc up 550 MT

Aluminium up 22650 MT
MCX AUG COPPER POSITVE ABV342.50 WITH SUPP AT 340.50 AND CLD TEST RES 344/346//( GIVEN AS LEVELS FOR TRADES )

UPDATES FOR AUG 3 2010

AUG 3 TUESDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 342 , S2 RS 340 , S3 RS 338

R1 RS 345 , R2 RS 347.50 , R3 RS 349

WAIT FOR CONFIRMATION .
GM AUG2,7.50AM:CRUDE $81.45,NAT GAS$4.72(TRADING FLAT FROM LAST NIGHT CRUDE SUPP 3730, CLD TEST RES 3790,WATCH OUT INR CLD APPRECIATE TODAY)//GOLD$1184,SILVER$18.399TRADING FLAT, WATCH OUT INR IMPACT//LME COPPER HITS HIGH$7500 LAST NIGHT, CURRENTLY TRADING LOWER BY 0.60% SUPP 340 RES 347.50//EURO HITS 2 MONTH HIGH AGAINST USD/TALK OF CHINA REMOVING STEPS TAKEN TO COOL DOWN ECONOMY//BETTER THAN EXP ISM MANUFACTUTRING AND CONSTRUCTION SPENDING FROM US//

Monday, August 2, 2010

MCX AUG COPPER HITS HIGH 343.95/BUY GIVEN AT 340.80/BOOK FURTHER PROFITS.
MCX AUG COPPER: T1 ALMOST ACH AT 343, HIGH 342.90/BUY GIVEN AT 340.80./BOOK FURTHER PROFITS.
MCX AUG COPPER APP T1 AT 343, CMP 342.50/BOOK FURTHER PROFITS/LOW RISK TRADERS TRAIL SL TO AROUND COST, OTHERS HOLD FOR LEVELS.
MCX AUG COPPER: TRADERS HOLDING LONGS AT 340.80.BOOK [ART P[ROFITS UPTO 342.20(RESET)/OTHERS HOLD FOR LEVEL.
DATA THIS EVENING FROM US: ISM MANUFACTURING AND CONSTRUCTIO SPENDING DATAS/ DIRECT IMPACT ON BASE METALS//TRADERS HOLDING LONGS IN METALS TDE LESS VOLUMES OR WITH STRICT SL!!!
MARKET ALERT ON AUG 2 MONDAY 3.10 PM IST

MCX Aug Copper low risk traders holding long as per our

Buy call given at Rs 340.80 can book part profits at CMP

Rs 342.10 .

Others hold with levels given ......

MRKT ALERT 3.10 PM

MCX Aug Copper traders can book part profits upto 341.90, others can hold for given targets. Buy given at 340.80..!

MRKT ALERT 2.20 PM

Buy Copper Aug between 340.40 - 340.80 SL below 338 T1 343 T2 345 (High Risk )
MARKET ALERT ON AUG 2 MONDAY .30 PM IST

Buy MCX Aug coper between Rs 340.40 to 340.80

Stop loss Below Rs 338

Target 1 Rs 343

Target 2 Rs 345

This is s High Risk call .
LME INVENTORY FOR AUG 2 MONDAY 1.30 PM IST

Copper down 425 MT

Nickel up 882 MT

Lead Down 200 MT

Zinc down 550 MT

Aluminium Down 4200 MT

Tin up 5 MT

MRKT ALERT 1.30 PM

02/08 LME Inventory Update Copper -425MT Lead -200MT Zinc -550MT Nickel +882MT Aluminum -4200MT Tin +5MT
MCX AUG COPPER: OUR EXTENDED TGT 339.20 ACH// BUY GIVEN FRIDAY AT 334.50/BOOK FULL PROFITS.
GM, AUG 2,7.45AM:CRUDE$79.30(OPENS HIGHER0.37CENTS),NAT GAS$4.98(OPENS ABOUT 1% HIGHER)//GOLD$1184,SILVER$18.06(OPENS MARGINALLY POSITVE)//BASE METALS OPENS MARGINALLY HIGHER, LME COPPER AROUND $7290//CHINA MANUFACTURING DATA RELEASED THIS MORNING SHOWS SLOWEST GROWTH IN PAST 17 MONTHS!!!..US ISM MANUFACTURING DATA TO BE RELEASED THIS EVENING!!