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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 .
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 .
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 .
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)
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 .
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
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.
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 .
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
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 .
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 .
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
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 12.40 PM
MCX Nov Copper low risk traders can book part
profits upto 362.30, others can hold for given
targets. ( Intraday Call )
profits upto 362.30, others can hold for given
targets. ( Intraday Call )
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 .
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 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.
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.
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..!
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.
Tuesday, September 21, 2010
MRKT ALERT 7.10 PM
MCX NOV COPPER HIGH RISK TRADERS HOLDING SELLS UPTO 354 CAN BOOK PART PROFITS UPTO 353. (RESET)
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.
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 .
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
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 .
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 .
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 1.30 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 .
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 .
Thursday, September 16, 2010
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..!
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
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 ,
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 ,
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
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 .
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 .
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 5.43 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.
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.
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..
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.
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).
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.
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.
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 .
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 .
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 .
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.
Wednesday, September 8, 2010
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.
can book part profits upto 356.20, Sell given at 357.40, others can hold for targets given.
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
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)
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.....
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 .
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 .
Monday, September 6, 2010
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 .
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 .
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
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 .
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 .
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
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!!
Wednesday, September 1, 2010
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)
MRKT ALERT 2.10 PM
Buy Copper Nov between 354.50 - 354.70 SL below 353.50 T1 356 T2 357.60 ( Moderate risk)
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 !!
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