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Monday, January 31, 2011

MRKT ALERT 11.34 PM

FEB COPPER OUR T2 ACH AT 452, BUY GIVEN AT 448.60. CMP 452.40 TRADERS CAN BOOK FULL PROFITS.

MRKT ALERT 10.38 PM

MCX FEB COPPER OUR T2 ALMOST ACH AT 452, CURRENT HIGH 451.70, BUY GIVEN AT 448.60.

MRKT ALERT 9.11 PM

FEB COPPER T1 ACH AT 450.50/ BUY GIVEN AT 448.60/ TRAIL SL TO COST.

MRKT ALERT 7.06 PM

Core PCE Price Index m/mA 0.0% F 0.1% P 0.1% Personal Spending m/m A 0.7% F 0.6% P 0.4% Personal Income m/m A 0.4% F 0.5% P 0.3% Data Mixed to USD
MCX FEB COPPER POSITIVE ABV 448.50 WITH SUPP AT 446.60 AND CLD TEST RES 450.50-452//LEVELS FOR TRADERS.
LME: COPPER DN 4050 NICKEL DN 258 ZINC DN 250 LEAD UP900 ALU DN 3450. .
MCX FEB COPPER UPDATE; HAS IMM SUPPORT AT 445 AND RES 449, A SUSTAINED BREAK ABV THIS CLD TEST 450-452//LEVELS//

UPDATES FOR JAN 31 2011

JAN 31 MONDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 439.35 , S2 RS 437.55 , S3 RS 434.95

R1 RS 443.45 , R2 RS 445.75 , R3 RS 448.55

WAIT FOR CONFIRMATION .
UPDATE AT 8.55AM: COPPER TRADING SHARPLY HIGHER ARD 0.80% MCX ARD 444-444.50/OTHER BASE METALS TRADING ON SIMILAR HIGHS/
UPDATE AT 8.20AM: CRUDE TRADES AT $90.33 MCX ARD 4150/NAT GAS UP ARD 204-204.50/GOLD FLAT ,SILVER$28.11 MCX ARD 43150(DEPENDS 0N INR OPEN)/BASE METALS TRADING HIGHER//COPPER UP ARD 0.5% MCX ARD 443.50-444.50/
GM JAN 31.7.30AM:CRUDE TRADING HIGHER AT $89.90 UP 56CENTS MCX ARD 4135/NAT GAS TRADING MARGINALLY HIGHER ARD 204//GOLD$1338,SILVER$28.10( MCX ARD 43150)/COPPER OPENS FLAT AT SAME LEVELS LTP 441.55 SUPP 439 RES 443.50-445//

Saturday, January 29, 2011

GM,JAN 29.8AM: LAST NIGHTS SHARP INCRASE IN CRUDE OIL,CORRCETION DOWN IN BASE METALS AND INCREASE IN BULLIONS CAME AFTER EGYTIAN CRISIS NEWS CLD SPREAD TO OTHER MIDDLE EAST COUNTRIES!!!

Friday, January 28, 2011

MRKT ALERT 7.42 PM

Copper looks positive till 447 - 449 levels. Not for intraday.

MRKT ALERT 7.11 PM

Advance GDP q/q A 3.2% F 3.5% P 2.6% Advance GDP Price Index q/q A 0.3% F 1.7% P 2.1% Employment Cost Index q/q A0.4% F 0.5% P 0.4% Data Negetive to USD

MRKT ALERT 6.15 PM

MCX FEB COPPER OUR T2 ACH AT 443, BUY GIVEN AS POSITIVE ABOVE 440 AS LEVELS FOR TRADERS.

MRKT ALERT 3.49 PM

MCX FEB COPPER APP OUR T2 AT 443, BUY GIVEN ABOVE 440 AS LEVELS FOR TRADERS. CURRENT HIGH 442.65 TRADERS CAN BOOK MAXIMUM PROFITS.

MRKT ALERT 3.45 PM

MCX FEB COPPER OUR T1 ACH AT 441.80, BUY GIVEN AS POSITIVE ABOVE 440 AS LEVELS FOR TRADERS.

MRKT ALERT 3.42 PM

MCX FEB COPPER LOW RISK TRADERS CAN BOOK PART PROFITS UPTO 441.20, BUY GIVEN AS POSITIVE ABOVE 440 AS LEVELS FOR TRADERS.

MRKT ALERT 3.22 PM

MCX FEB COPPER MORE POSITIVE IF SUSTAINS ABOVE 440 WITH SL BELOW 437.50 AND COULD TGT 441.80-443. LEVELS FOR TRADERS.

MRKT ALERT 2.35 PM

LME : COPPER UP 800 ZINC DOWN 125 NICKEL DOWN 888 ALU DOWN 6050 LEAD UP 2100.
MARKET ALERT ON JAN 28 FRIDAY 11.30 AM IST

MCX Feb Copper now has support below Rs 435.50

Res is seen at Rs 439.50 / 440.60 .

Looks positive above Rs 437 .

These are Trading levels only .
MEMBERS ADVISED AGAIN TO TRADE LESS AS EXP MORE CHOPINESS TODAY TILL RELEASE IN US DATA OF QUARTER 4 GDP WHICH WL DECIDE NEXT TREND//
UPDATE AT 8.50AM; BULLIONS SHOWS SMALL RECOVERY, GOLD BACK AT CLOSE LEVELS YESTERDAY SMALL POSITVE 41315, SILVER$26.66 MCX ARD 41450/CRUDE$85.24/ COPPER MARGINALLY DOWN 0.50% MCX ARD 436.50//
GM,JAN28,7.30AM; ALL COMM TRADING SHARPLY LOWER/GOLD$1308 LTP MCX 19678 MCX CMP ARD 19625/SILVER$26.53 DONW 40 CENTS MCX LTP41751 CMP ARD 41350/CRUDE$85.20 DOWN 40 CENTS LTP 3967 CMP ARD 3950/NAT GAS $TRADES FLAT/COPPER TRADING LOWER ARD 1% LTP 438.95 MCX ARD CMP 435.50/

Thursday, January 27, 2011

MRKT ALERT 9.03 PM

MCX FEB COPPER COVER LONGS AT 439.20.

MRKT ALERT 8.37 PM

Pending Home Sales m/m Act 2.0% Fore 0.9% Prev 3.5% Data Negetive to USD

MRKT ALERT 8.10 PM

MCX FEB COPPER UPDATE TRADING IDEA : BUY MCX FEB COPPER AROUND 438.50 SL BELOW 435.80 TGT 440.80 (HIGH RISK).

MRKT ALERT 7.10 PM

Core Durable Goods Orders m/m A2.4% F 0.9% P 3.6% Unemployment Claims A 454K F 407K P 404K Durable Goods Orders m/m A -1.3% F 1.6% P -0.3% Data Negetive to USD Positive to Bullion

MRKT ALERT 6.44 PM

MCX FEB COPPER TESTED OUR LEVELS 437.50-438, GIVEN AS POSITIVE ABOVE 435.50 AS LEVELS.

MRKT ALERT 6.20 PM

MCX FEB COPPER UPDATE SHOWING MILD POSITIVE ABOVE 435.50 WITH SUP NOW AT 433.80 AND RES 437.50-438. LEVELS ONLY.

MRKT ALERT 2.35 PM

LME : COPPER UP 2575 NICKEL UP 324 LEAD UP 1625 ZINC DOWN 125 ALU 5475.
MARKET ALERT ON JAN 27 THURSDAY 1.10 PM IST


COPPER UPDATE :

Technically Copper will still face strong Res at Rs 437 / 438 /

Positive only if sustains above Rs 438 .

Till such time will be range bound at Rs 433 to 438 ..

Traders advised to wait for fresh entry .
TRADING CALL FOR JAN 27 THURSDAY 10.10 AM IST

Sell Copper Feb between 433 - 433.50

SL above 435.50

T1 431

T2 429.

Medium Risk

UPDATES FOR JAN 27 2011

JAN 27 THURSDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 425 S2 RS 421 , S3 RS 416

R1 RS 432 , R2 RS 436 , R3 RS 441

WAIT FOR CONFIRMATION .
UPDATE AT 8.30AM; BULLIONS, BASE METALS HOLDING AT DAY HIGHS, EXP GAP UP OPEN FROM TUESDAYS CLOSE/CRUDE MILD POSITIVE , NAT GAS MARGINALLY DOWN/
METALS UPDATE: USD WEAKENED VS A BASKET OF CURRENCIES PUSHING BASE METALS HIGHER,ALSO POSITVE US HOLE SALES DATA, BUT MKTS WATCHING CHINESE APPROACH AS LUNAR HOLIDAYS BEGIN IN CHINA NEXT WEEK/COPPER TRADING HIGHER ARD 0.80% FROM TUESDAYS CLOSE MCX ARD 433-433.50/NICKEL AND LEAD EXP TO OPEN HIGHER ARD 1.50% FROM TUESDAYS CLOSE/
GM JAN 27.7.15AM:US FED MEET ENDS ,KEEP S INTEREST RTAES UNCHANGED AND CONTINUES WITH STIMULUS PACKAGE, ACKNOWLEDGES SLOW PACE OF GROWTH IN US/FED AMOVES AND POSITIVE HOME SALES DATA LAST NIGHT HOLD SMKTS HIGHER/GOLD$1343(UP$11 FROM TUESDAY NIGHTS CLOSE EXP MCX ARD 20000)SILVER$27.62(UP 80 CENTS FROM TUESDAYS CLOSE EXP MCX ARD 42500)//CRUDE$87.57 FLAT,NAT GAS$4.47 MARGINALLY DOWN,CRUDE INVENTORIES LATS NIGHT SHARPLY HIGHER AT 4.64MB/

Wednesday, January 26, 2011

HAPPY REPUBLIC DAY FROM AKSHAYA TEAM: UPDATE AT 9.25 PM JAN 26: GOLD$1327 TRADING LOWER ARD $5( ABOUT 50RS) MCX LTP LAST NIGHT 19899/SILVER26.75 DOWN ARD 7 CENTS TRADES FLAT LTP 41747// CRUDE$86.30 TRADES FLAT AFTER CRUDE INVENTORY RELEASED TODAY UP 4.64 MB VS FORECAST 1.2MB LTP 3982/NAT GAS $4.42 LOWER ARD 1%/ BASE METALS TRADING HIGHER AFTER NEW HOME SALES DATA THIS EVENING CAME VERY POSITIVE COPPER UP ARD.60% LTP 429.30,LEAD AND NICKEL UP OVER 2%/

Tuesday, January 25, 2011

MRKT ALERT 10.05 PM

MCX FEB COPPER OUR T1 AND T2 ACH AT 429-428 TRADERS CAN BOOK FULL PROFITS.

MRKT ALERT 10.04 PM

MCX FEB COPPER OUR T1 ACH AT 430, SELL GIVEN BELOW 433, OUR T2 429. CURRENT LOW 429.60 TRADERS CAN BOOK FURTHER PROFITS.

MRKT ALERT 8.50 PM

Richmand manufacturing Index Actual 18 Forecast 23 Previous 25. CB Consumer Confidence Actual 60.6 Forecast 54.4 Previous 53.3. Data Mixed to to USD.

MRKT ALERT 4.18 PM

MCX FEB COPPER HITS LOW 430.35/ HIGH RISK TRADERS HOLDING SELLS BELOW 433 BOOK MAXIMUM PROFITS. AT STRONG SUP SEEN AT 428-430 LEVLES.

MRKTA ALERT 4.07 PM

MCX FEB COPPER TRADERS CAN BOOK FURTHER PROFITS UPTO 431, SELL GIVEN AT 433.

MRKT ALERT 3.56 PM

MCX FEB COPPER HIGH RISK TRADERS HOLDING SELLS CAN BOOK PART PROFITS UPTO 431.90, SELL GIVEN AT 433.

MRKT ALERT 3.24 PM

MCX FEB COPPER TRADING WEAK BELOW 433 WITH RES ABOVE 435 AND COULD TEST SUPPORTS 430-429-428/ LEVELS FOR HIGH RISK TRADERS.

MRKT ALERT 2.44 PM

LME Base Metals Inventory: Copper +7575, Aluminum -4775, Nickel -216, Tin +145, Lead +4525, Zinc -50
Gold looks weak to test 19600 levels. Sell on possible rise upto 19850 - 19900. Copper opened down. Weak if sustains below 437 till 433 - 430 levels. Zinc weak upto 102 - 101 levels. Gas turned downside yesterday now could test 206 - 201 levels .
MCX FEB COPPER OPENED GAP DOWN AS GIVEN WEAK BELOW 437 WITH RES AT 440.50 AND CLDF TEST 435-434//
TECHNICALS FOR JAN 25

MCX FEB COPPER

SUPP: 437.50/436/434.30

RES: 441/442.80/444.60
COPPER RECOVERING MARGINALLY DOWN ARD 0.40 %//
UPDATE AT 8.25AM; ALL COMM TRADING LOWER AND TEST SUPP INITIALLY GOLD ARD 19920-19940/SILVER 42000-42200/COPPER 437-436//CRUDE 4005-4010//
BASE METALS OPEN DOWN, COPPER DOWN ARD 0.70% LTP439.60 SUPP 436 RES 443-445/NICKEL LTP 1190.70 SUPP 1184 RES 1208/US DOLLAR INDEX 77.89/FOMC MEET BEGINS IN US TONITE/DATA TONITE US CONSUMER CONFIDENCE EXP MARGINALLY POSITIVE/BASE METALS TRADING WITHOUT CLEAR DIRECTION, TRADERS ADVISED TO TRADE LESS TILL CLARITY COMES IN//
GM,JAN 25,7.30AM: BULLIONS TRADING MARGINALLY LOWER GOLD$1332 LTP19997 SUPP 19920 RES 20080,SILVER$26.75 LTP42341 SUPP 42000 RES 42600 WE HAD YSETERDAY PROJECTED OUR IMM TGT AT 42000, SELL GIVE AT 43230 YESTERDAY!!!/CRUDE 87.56 TRADING LOWER ARD 0.30 CENTS LTP 4016 SUPP ON CLOSING BASIS STRONG 4000 RES 4040-4070/NAT GAS TRADES FLAT LTP 211.10//

Monday, January 24, 2011

MRKT ALERT 8.57 PM

MCX FEB COPPER UPDATE TRADING ABOVE RES AT 440 SHOYING MILD POSITIVE ABOVE 440 WITH SUP AT 437 AND COULD TEST RES 442/444/ FOR LEVELS ONLY.
MARKET ALERT ON JAN 24 MONDAY 7.00 PM IST

MCX Feb Copper taking strong support at Rs 436

Res can now be seen at Rs 440 .

MRKT ALERT 6.55 PM

MCX FEB COPPER TRADERS ADVISED TO WAIT FOR FRESH TRADES CMP 439.10 EXIT SELLS.

MRKT ALERT 6.50 PM

MCX FEB COPPER TAKING STRONG SUP AT 436 AND RES NOW AT 440
MCX FEB COPPER WEAK BELOW 438.50 WITH RES AT 440.20 AND CLD TEST SUPP 436.20-434.80//LEVELS FOR HIGH RISK TRADERS.
STRENGTHENING IN US DOLLAR HAS CAUSED THE DECLINE IN COMMODITIES//US FED MEETS THIS WEEK FOR 2 DAYS TO DISCUSS THE STATE OF ECONOMY//
LME: COPPER UP 200, NICKEL DN 522, LEAD UP 2600, ZINC DN 100, ALU DN 4375,
Copper looks postiive above 440 and could test 443 - 445 levels. Sup seen at 438. Buy on dips. Crude looks positive unless it breaks and hold below 4070
TECHNICALS FOR JAN 24

MCX FEB COPPER

SUPP: 436/434.20/431.80

RESl 440.50/442.80/445
update at 8.40am: all comm holding at same leels/ copper up about 0.80%/crude 25 cents up/ nat gas up ard 1%/ bullions marginally higher/
GM,JAN 24,7.35AM: GOLD$134,SILVER$27.78(BULLIONS OPEN MARGINALLY POSITIVE)// CRUDE$89.40 OPENS HIGHER 0.25 CENTS LTP 4099 RES 4130 SUPP 4070/NAT GAS OPENS HIGHER OVER 1% LTP 217.10 RES 220 SUPP 213//BASE METALS OPEN SHARPLY HIGHER COPPER UP ARD 0.80% LTP437.85 RES 441 SUPP 434 CLD TEST RES//COMMEX REDUCES MARGINS FOR COPPER WHILE INCRESING MARGINS FOR BULLIONS//

Friday, January 21, 2011

Thursday, January 20, 2011

MRKT ALERT 8.46 PM

Existing Home SalesA 5.28M F 4.88M P 4.70M Philly Fed Manufacturing Index A 19.3 F 20.7 P 20.8 data mixed to USD

MRKT ALERT 5.17 PM

MCX FEB COPPER T3 ACH AT 435.80, SELL GIVEN AT 441. TRADERS CAN BOOK FULL PROFITS.

MRKT ALERT 5.06 PM

MCX FEB COPPER APP OUR T3 AT 435.80, SELL
GIVEN AT 441. CMP 436.40 TRADERS CAN BOOK
FURTHER PROFITS.

MRKT ALERT 4.17 PM

MCX FEB COPPER T2 ACH AT 437, SELL GIVEN AT 441.

MRKT ALERT 4.07 PM

MCX FEB COPPER T2 ALMOST ACH AT 437, SELL GIVEN AT 441. CURRENT LOW 437.10, HIGH RISK TRADERS HOLD FOR T3 AT 435.80.

MRKT ALERT

MCX FEB COPPER APP T2 AT 437, CMP 437.40 EXT TGT TO 435.80 FOR HIGH RISK TRADERS
MARKET ALERT ON JAN 20 THURSDAY 1.00 PM IST

Low Risk./ Multiple lot holders Traders Holding sells

in Base metals trail with profit stops .
MARKET ALERT ON JAN 20 THURSDAY 12.50 PM IST

MCX Feb Copper Target 1 Achieved at Rs 439

Sell was below Rs 441.
MCX FEB COPPE APP T1 AT 439 CMP 439.65/ BOOK FURTHER PROFITS.
MCX FEB COPPER; LOW RISK,MULTIPLE LOT TRADERS BOOK PART PROFITS UPTO 440.10//SUPP NOW SEEN AT 440/ SELL GIVEN AT 441/
TRADING IDEA: SELL MCX JAN ALUMINIUM BELOW 110.40 SL 111 TGTS 109.60/109 HIGH RISK...
Sell Copper Feb below 441 SL abv 443.2 T1 439 T2 437. Medium risk
TECHNICALS FOR JAN 20

MCX FEB COPPER

SUPP:439/437.50/436

RESL 443.40/446/448
GM,JAN20,7.35AM:CRUDE$90.69 TRADING MARGINALLY LOWER/NAT GAS$4.57 TRDAES POSITVE RES 208 SUPP 203/GOLD$1369 LTP 20396 SUPP 20320 RES 20450,SILVER$28.70 LTP44300 SUPP44100 RES 44650 HIGHLY VOLATILE/BASE METALS TRADES FLAT COPPER LTP441.35 SUPP 439 RES 445,NICKEL LTP1173.30 SUPP 1165 RES 1188/

Wednesday, January 19, 2011

MRKT ALERT 5.32 PM

MCX FEB COPPER LOW RISK TRADERS CAN BOOK PART PROFITS UPTO 448.10, BUY GIVEN AT 447. (RESET)

MRKT ALERT 2.36 PM

LME : COPPER UP 3825 NICKEL UP 114 ALU UP 23700 LEAD UP 17975 ZINC NIL.

MRKT ALERT 12.30 PM

MCX FEB COPPER T1 ALMOST ACH AT 448.80, BUY GIVEN AT 447. CURRENT HIGH 448.75 TRADERS CAN BOOK FURTHER PROFITS.
MARKET ALERT ON JAN 19 WEDNESDAY 11.35 AM IST


MCX Feb Copper approaching Target1 at Rs 448..80 ,

current high Rs 448.20 .

Buy was upto Rs 447 .
MCX FEB COPPER TRADING CLOSE TO LIFE HIGH/LOW RISK TRADERS HENCE ADVSIED TO BOOK PART UPTO 447.70/
MARKET AKLERT ON JAN 19 WEDNESDAY 11.20 AM IST


MCX Feb Copper traders holding longs as per our buy

call given up to Rs 447,

can book part profits up to Rs 447.80 .

CMP Rs 447.65 .
TRADING CALL FOR JAN 19 WEDNESDAY 10.40 AM IST


Buy MCX Feb copper upto Rs 447 ,

SL 444.80 ,

TGT 448.80 / 449.50

UPDATES FOR JAN 19 2011

JAN 19 WEDNESDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 444.20 , S 2 RS 441 , S3 RS 438.20

R1 RS 448.30 , R2 RS 451 , R3 RS 454

WAIT FOR CONFIRMATION .
UPDATES: NICKEL WEEKLY SUPP 1170 RES 1224/ZINCM, LEADM SIDEWAYS/ US DOLLAR INDEX WEAK AT 78.74/LME COPPER ARD$9680, CHINA MKTS START LUNAR HOLIDAYS FROM FEB 2, MKTS WAITING TO GET NEWS OF EITHER STOCKING BY CHINA BEFORE VACATIONS OR FIND PRICES TO COOL DOWN DURING VACATIONS FOR FRESH PURCHASES//
GM JAN 19,8AM: CRUDE$91.52 TRADES FLAT LTP 4165 RES 4175-95 SUPP 4110 OVERALL POSITIVE BREAKOUT IS AT $92.70/NAT GAS LTP 201.70 SUPP 198 RES 208//GOLD$1373 LTP 20334 SUPP 20260 RES 20420 EXP OPEN MILD UP ARD 30RS/SILVER$29.11 LTP 44397 EXP OPEN POSITIVE UP ARD 200-250RS RES 44650 SUPP 44100// BASE METALS TRADING MILD POSITIVE COPPER UP0.20% LTP 446.40 SUPP 443 RES 448 EXP OPEN ARD 447, WEEKLY CHARTS POSITVE SUPP 442 RES 448-451/

Tuesday, January 18, 2011

MRKT ALERT 7.11 PM

Empire State Manufacturing Index Act 11.9 Fore 12.6Prev 9.9 Data blw expectations positive to bullion negetive to USD
Buy Copper Feb between 446.40 - 446.80 SL below 444 T1 449 T2 451
US DOLLAR INDEX DOWN O.67 AT 78.76 HAS PUSHED ALL COMMODITIES HIGHER!!!
MCX FEB COPPER TRADING ABV RES 446 HAS SUPP AT 442.50 AND CLD TEST RES 449-451-453//LEVELS/
LME COPPER DN 1075/ ALU UP 30625/NICKEL DOWN 414/ LEAD UP 29825/ZINC UP 1450.
Base Metals trading sideways. Copper positive above 446, Nickel positive above 1180 with sup at 1174. Lead trading around 121 and Zinc around 111. Wait for clarity and trade less volumes.
TECHNICAS FOR JAN 18

MCX FEB COPPER

SUPP; 440.80/439/436.50

RES: 445.50/447/449
UPDATE AT 8.55 AM: COPPER REVERSES EARLIER LOSSES RECOVERS LOST GROUND, BACK AT SAME LEVELS ARD 443//SILVER$28.29//CRUDE$90.96/INR FLAT 45.53.
UPDATE AT 8.20AM; BULLIONS TRADING AT SAME LEVELS SILVER$28.24 GOLD$1362// CRUDE$90.86EXP OPEN NEAR SUPPORTS AT 4115-4120 DEPENDS ON INR DROP IN CRUDE AS ALASKAN PIPELINE OPENS/ NAT GAS EXP OPEN HIGHER ARD 207.50-208//COPPER TRADING SHARPLY LOWER ARD 0.70% EXP OPEN ARD 440//DOLLAR INDEX 79.40/STRENGTHENING IN US DOLLAR PULLS DOWN COMMODIITIES AS EURO FEARS PERSIST//
GM,JAN 18,7.30AM: GOLD$1362 LTP 20292 TRADES FLAT SUPP 20235 RES 23360; SILVER$28.25 TRADES FLAT LTP 43710 RES 43980 SUPP 43300 MAJOR SUPP GOLD$1350 SILVER$28//CRUDE$90.92 TRADING LOWER0.60 CENTS LTP 4146 SUPP 4115 RES 4175 EXP OPEN MARGINALLY LOWER/NAT GAS $4.52 LTP 206.70 EXP OPEN POSITIVE RES 209 SUPP 203.50// BASE METALS OPEN LOWER COPPER DOWN ARD 0.40% LTP 443 SUPP 439 RES 446.50/NICKEL LTP 1175.60 SUPP 1167 RES 1185//ZINC AND LEAD TRADING MARGINALLY

Monday, January 17, 2011

LME; COPPER UP 2775/ NICKEL UP 1464/ ALU DOWN 3650/ZINC DOWN 50/ LEADUP 3150/
EXIT LONGS IN MCX FEB COPPER/ CMP 442.85.
US MKTS CLOSED TODAY NATIONAL HOLIDAY AS MARTIN LUTHER KING DAY//ONLY ELECTRONIC TRADING//
Buy Copper Feb between 444.80 - 445.20 SL below 442.80 T1 447.30 T2 449.
technicicals for jan 17

mcx feb copper

supp: 444.50/441.80/439.80

res: 448/449.60/451

UPDATES FOR JAN 17 2011

JAN 17 MONDAY

TRADING LEVELS FOR MORNING SESSION

S 1 RS 444.40 , S 2 RS 442.60 , S3 RS 440

R1 RS 448.50 , R2 RS 450.80 , R3 RS 453.60

WAIT FOR CONFIRMATION .
GM JAN 17,7.50AM; GOLD$1365,SILVER$28.545 BULLIONS TRADING FLAT /CRUDE$91.50 NAT GAS$4.50 TRADING FLAT//BASE METALS OPEN MARGINALLY HIGHER COPPER UP ARD 0.20% LTP 446.40 RES 448 SUPP 443//

Friday, January 14, 2011

MRKT ALERT

MCX FEB COPPER T2 ACHIEVED 445..!

MRKT ALERT 9.42 PM

MCX FEB COPPER APP OUR T2 AT 445, BUY GIVEN AT 441. CURRENT HIGH 444.15 TRADERS CAN BOOK FURTHER PROFITS.

MRKT ALERT 7.24 PM

MCX FEB COPPER T1 ACH AT 443, BUY GIVEN AT 441. TRADERS CAN BOOK FURTHER PROFITS. CURRENT HIGH 443.20.

MRKT ALERT 7.07 PM

MCX FEB COPPER LOW RISK TRADERS CAN BOOK PART PROFITS UPTO 442.10, BUY GIVEN AT 441.

MRKT ALERT 7.01 PM

Buy Copper Feb above 441 SL below 439 T1 443 T2 445

MRKT ALERT 2.40 PM

LME : Copper Down 1125 MT, Nickel Down 360 MT, Aluminium Up 50 MT, Zinc Down 100 MT, Lead Down 450 MT.
MARKET ALERT ON JAN 14 FRIDAY 2.40 PM IST

14/01 LME Inventory Update

Copper -1125MT

Lead -450MT

Zinc -100MT

Nickel -360MT

Aluminum +50MT

UPDATES FOR JAN 14 2011

JAN 14 FRIDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 436.75 , S2 RS 434.95 , S3 RS 432.35

R1 RS 440.85 , R2 RS 443.15 , R3 RS 445.85

WAIT FOR CONFIRMATION .

Thursday, January 13, 2011

MRKT ALERT 7.16 PM

Economic data: PPI m/m Actual 1.1% Survey 0.8% Prior 0.8%, Trade Balance Actual -38.3B Survey -40.8B Prior -38.7B, Jobless claims Actual 445K Survey 405k Prior 409K.
MARKET ALERT ON JAN 13 THURSDAY 11.00 AM IST

. MCX FEB COPPER CMP 442,

BOOK FURTHER PROFITS.

BUY WAS AT 440 TO 440.50 ,
MARKET ALERT ON JAN 13 THURSDAY 10,50 AM IST

MCX FEB COPPER LOW RISK TRADERS CAN BOOK

PART PROFITS UPTO 441.50,

OTHERS CAN HOLD FOR GIVEN TARGETS.

BUY GIVEN AT 440 - 440.50.
TRADING CALL FOR JAN 13 THURSDAY 10.10 AM IST



Buy Copper Feb between 440 - 440.50



SL below 437.70



T1 443



T2 445.



Medium Risk

UPDATES FOR JAN 13 2011

JAN 13 THURSDAY

TRADING ;LEVELS FOR MORNING SESSION

S1 RS 438 , S 2R S435 , S3 RS 433

R1 RS 443 , R2 RS 446 , R3 RS 449

WAIT FOR CONFIRMATION .
JAN 13 THURSDAY

GM : LGD Gold trading marginally higher at $ 1386.10

amd silver at $ 29.730. Crude at $ 92.08 .

Natural gas at $ 4.465 ,

Copper trading flat at $ 441.300.

Crude rallied after a more than a ecpected drop in inventories ,

Nickel jumped to a 8 month high .

The support for the European Union frm China

and Japan boosted the price of copper .

Right now all base metals are trading marginally lower .

Wednesday, January 12, 2011

MRKT ALERT 7.35 PM

MCX FEB COPPER APP OUR T2 AT 442, BUY GIVEN AT 437-437.30 FOR HIGH RISK TRADERS. CURRENT HIGH 441.20 TRADERS CAN BOOK FURTHER PROFITS.

MRKT ALERT 2.37 PM

LME : COPPER DOWN 1475 NICKEL DOWN 768 ALU UP 14650 ZINC DOWN 125 LEAD UP 300

MRKT ALERT 2.28 PM

MCX FEB COPPER OUR T1 ACH AT 440, BUY GIVEN AT 437-437.30. TRADERS CAN BOOK FURTHER PROFITS.

MRKT ALERT 1.56 PM

MCX FEB COPPER HIGH RISK TRADERS HOLDING BUYS 437.30 BOOK FURTHER PROFITS UPOT 439.10 AND TRAIL ST TO 437.50.

MRKT ALERT 1.54 PM

MCX FEB COPPER HIGH RISK TRADERS HOLDING LONGS
AT 437-437.30 CAN BOOK PART PROFITS UPTO
438.40.
MARKET ALERT ON JAN 12 WEDNESDAY 12.30 PM IST

High risk traders could enter Buys in Copper around

Rs 437 to 437.50

with support below Rs 434

Targets 438 / 439.60 .
UPDATE AT 9AM: COPPER TRADING HIGHER ARD0.50% EXP MCX OPEN ARD 437.50 SILVER ARD 45050/CRUDE FLAT/NAT GAS MARGINALLY UP ARD 204/ GOLD ARD 20475/
TECHNICALS FOR JAN 12

MCX FEB COPPER

SUPP: 434/432.30/429.80

RESl 437.50/439/441
,JAN 12,7.30AM:GOLD$1385/SILVER$29.72, BULLIONS TRADING POSITIVE EXP GOLD MCX 20475,SILVER ARD 45050/CRUDE$91.13 LTP4112 POSITIVE RES 4130-4140 SUPP 4085,NA5T GASLTP 201.90 RES 204 SUPP 198/BASE METALS TRADING POSITIVE COPPER LTP435.60 RES 437.50 SUPP 434 TRADING HIGHER ARD 0.40% MCX ARD 437//OIL ROSE SHARPLY AFTER ALASKAN PIPELINE DERAILMENT SLOWED SUPPLIES AND COPPER ROSE AFTER TALKS OF EASING OF THE EURO CRISIS/

Tuesday, January 11, 2011

MRKT ALERT 2.31 PM

MCX FEB COPPER UPDATE STRONG RES SEEN AT 434 A BREAK ABOVE THIS WITH VOLUMES COULD SEE MORE UPSIDE, WITH IMM SUP SEEN AT 431
TECHNICALS FOR JEN 11

MCX FEB COPPER

SUPP: 328/325.50/324.50

RES: 432.80/434.50/436
UPDATE AT 8.15AM; COMMODITIES TRADING AT SAME LEVELS, COPPER HIGHER ARD 0.40%, SILVER UP $29.15//US DOLLAR INDEX AT 80.80/MKTS TRADED LOWER YESTERDAY ON CONCERNS OF PORTUGAL DEBT CRISIS/
GM JAN 11,7.30AM: CRUDE$89.33 TRADES FLAT LTP4049 RES 4085 SUPP 4015/NAT GASTRADING NEAR SUPPORT LTP 199.20 SUPP 197.50 RES 203 OPENS FLAT/GOLD$1375,SILVER$29.10 LTP20414/44400, EXP GOLD TRADE SIDEWAYS AND SILVER MILD POSITIVE//BASE METALS OPEN MARGINALLY HIGHER COPPER LTP 430.70 SUPP 428 RES 434,NICKEL LTP 1093.50 SUPP 1085 RES 1106/LEAD AND ZINC CLOSE WITH NEGATIVE BIAS, OPENS MARGINALLY HIGHER/

Monday, January 10, 2011

MRKT ALERT 9.01 PM

Copper could face strong sup at 430 - 428 levels.

MRKT ALERT 8.55 PM

MCX FEB COPPER APP OUR T2 AT 429, SELL GIVEN AT 433-433.40. CURRENT LOW 429.70 TRADERS CAN BOOK FURTHER PROFITS.

MRKT ALERT 8.56 PM

MCX FEB COPPER APP OUR T2 AT 429, SELL GIVEN AT 433-433.40. CURRENT LOW 429.70 TRADERS CAN BOOK FURTHER PROFITS.

MRKT ALERT 4.11 PM

MCX FEB COPPER LOW RISK TRADERS CAN BOOK MAXIMUM PROFITS UPTO 430.55, SELL GIVEN UPTO 433.40.

MRKT ALERT 4.04 PM

MCX FEB COPPER T1 ALMOST ACH AT 431, CURRENT LOW 431.20, SELL GIVEN AT 433-433.40, TRADERS CAN BOOK FURTHER PROFITS.

MRKT ALERT 3.45 PM

MCX FEB COPPER LOW RISK TRADERS CAN BOOK PART PROFITS UPTO 432.20, SELL GIVEN AT 433-433.40. (RESET)

MRKT ALERT 3.42 PM

MCX JAN NICKEL LOW RISK TRADERS CAN BOOK PART PROFITS UPTO 1094.50, SELL GIVEN AT 1097-1099. (RESET).
low risk traders still holding sells in copper upto 433.40 trail sl to 434/others hold as per call levels.

MRKT ALERT 2.36 PM

LME: COPPER DOWN 1225 NICKEL DOWN 90 ZINC DOWN 25 LEAD UP 625 ALU UP 97100

MRKT ALERT 2.04 PM

MCX FEB COPPER HIGH AFTER CALL 433.25/ TRADERS HOLDING SELLS BOOK PART PROITS UPTO 432-432.20
Sell Copper Feb between 433 - 433.40 SL above 436 T1 431 T2 429.

UPDATES FOR JAN 10 2011

JAN 10 MONDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 429.90 , S 2RS 428.10 ,S 3 RS 425.50

R1 RS 434 , R2 RS 436.30 , R3 RS 439.10

WAIT FOR CONFIRMATION .
UPDATE AT 8.30AM; GOLD$1373/SILVER$28.98 EXP POSITIVE OPEN AS INDICATED PREVIOUS UPDATE/CRUDE$89.30 EXP OPEN SHARP POSITIVE /NAT GAS MARGINALLY LOWER/ COPPER FLAT TOMARGINALLY UP/DATAS TODAY:1.15PM FRENCH INDUSTRIAL PRODUCTION/
GM,JAN 10,7.25AM: GOLD$1373,SILVER$28.94,BULLIONS OPEN HIGHER GOLD MCX EXP OPEN ARD 20410 SILVER 44500 AS PER CURRENT LEVELS/CRUDE$89.42 OPENS SHARPLY HIGHER ARD 1.5% MCX ARD 4070 ON ALSAKAN PIPELINE SHUTDOWN ISSUES IN US /NAT GAS TRADES FLAT //BASE METALS OPEN FLAT TO MARGINALLY HIGHER , COPPER OPEN HIGHER ARD0.20% LTP 432.10 SUPP 430 RES 435//

Saturday, January 8, 2011

METALS; COPPER LTP432.20 WEEKLY RES 437.50 REMAINS WEAK BELOW 435 WITH SUPP STRONG AT 430-428// NICKEL LTP 1099 RES 1018 WEEKLY SUPPORT BELOW 1100 AT 1090-1088// LEAD AND ALUMINIUM REMAINS POSITIVE //ZINC SIDEWAYS POSITIVE ONLY ABV 112.50 CLOSING BASIS//STEEL POSITIONALLY BULLISH AS PER OUR BUY CALL LEVELS, CLD TOUCH NEW HIGHS BY APRIL/MAY//

Friday, January 7, 2011

MARKET ALERTT ON JAN 7 FRIDAY 2.30 PM IST

LME Inventory Update

Copper +125MT

Lead -150MT

Zinc -150MT

Nickel -144MT

Aluminum -2475
MARKET ALERT ON JAN 7 FRIDAY 11.55 AM IST


MCX Feb Copper Target 3 Achieved at Rs 430.50 .

Sell was at Rs 437 .

Book full profits .
MARKET ALERT ON JAN 7 FRIDAY 11.55 AM IST


MCX Feb Copper Target 2 achieved at Rs 432,20

and approachong Target 3 at Rs 430.50 .

Current low Rs 430.80 .
TRADING CALL FOR JAN 7 FRIDAY 11.45 AM IST


MCX Feb Copper approaching Target 2 at Rs 432.20 ,

High Traders can hold for Target 3 Rs 430.50 .
MARKET ALERT ON JAN 7 FRIDAY 11.30 AM IST


MCX Feb Copper approaching Target 2 at Rs 432.20

Current low Rs 433 ,

Low risk traders can book full profits

and others trail sl to cost .
MARKET ALERT ON JAN 7 11.15 AM IST

MCX Feb Copper Target 1 Achieved at Rs 434.20

Sell was given at Rs 437 .
TRADING CALL OR JAN 7 FRIDAY 10.45 AM IST

Sell Copper Feb between 436.60 - 437

SL above 439

T1 434.20

T2 432.20.

Medium Risk

TECH FOR JAN 7

MCX FEB COPPER

SUPP: 434.5/432.80/430

RES: 437.50/440/442.80

ZINC LTP 111.65 SUPP 110.50 RES 112.50, LEAD LTP121.30 RES 123 SUPP 120, ALU BULLISH LTP 113.95 RES 115 SUPP 112.50/DOLLAR INDEX 80.77./PREFER WAIT FOR CLEAR DIRECTION/
GM: MKTS YESTERDAY VERY CHOPPY WITH NEGATIVE BIAS AS DOLLAR STRENTHENS/ CRUDE$89.01 OPENS HIGHER 0.60 CENTSMCX ARD 4030-4035 LTP4028 SUPP 4010 RES 4070/NAT GAS CLOSES LOWER LTP 202 SUPP 198 RES 206 OPENS MARGINALLY LOWER//GOLD$1370LTP 20430 SUPP 20360 RES 20520 OPENS FLAT/SILVER$29 LTP44670 RES 44950 SUPP 44350 TRADES FLAT/BASE METALS OPEN FLAT TO MARGINALLY HIGHER COPPER LTP 435.90 SUPP 432.50 RES 440/NICKEL LTP 1119 RES 1132 SUPP 1110/

Thursday, January 6, 2011

MRKT ALERT 7.10 PM

Unemployment Claims Act 409K Fore 400K Prev 388K

MRKT ALERT 5.45 PM

MCX FEB COPPER TRADERS CAN BOOK PART PROFITS UPTO 442.50, BUY GIVEN AT 441.50 FOR HIGH RISK TRADERS.
mcx feb copper again positive if sustains abv 441.50 with support at 339 and cld test res 444-445//levels for high risk traders.
MCX FEB COPPER TRADING AT SUPPORT 440 , IF SUSTAINS BELOW 339.80 NEXT SUPP AT 437.50 RES NOW AT 443.
MEMBERS ADVISED TO TRADE WITH SL GIVEN /MULTIPLE LOT HOLDERS EXIT SOME LOTS ON SMALL RISES //
LME: COPPER UP 150/NICKEL UP 180 ALU UP 925/ ZINC DN 200/LEAD DN 50.

MRKT ALERT

MCX FEB COPPER LOW RISK TRADERS BOOK PART PROFITS UPTO 443.40, BUY GIVEN AT 442.30 - 442.60.
Buy Copper Feb between 442.30 - 442.6 SL below 440 T1 445.50 T2 448.
TECHNICALS FOR JAN 6
MCX FEB COPPER:

SUPP 440/437.70/435.50

RES: 445/446.80/448
GM,JAN 6,7.50AM: CRUDE$90.40 LTP 4124 RES 4154 SUPP 4080/NAT GAS LTP 205 RES 208-211 SUPP 203 TRADES FLAT//GOLD$1375 LTP 20450 LEVELS SAME AS PER CALL YESTERDAY SUPP 2060 RES 20520/SILVER$29.36 LTP 44856 RES 45200 SUPP 44500 TRADES MILD POSITIVE ARD 45000//BASE METALS TRADE MILD POSITIVE AT OPEN, LME COPPER$9650, LTP 443.80 RES 445-446 SUPP 440/NICK LTP 1135 RES 1143 SUPP 1120/LEAD AND ZINC LOOK POSITIVE/

Wednesday, January 5, 2011

ALL BASE METALS TESTED SUPPORTS AND CLD TAKE NEW HIGHS//COPPER SUPP 438 RES 444-446-448// ALUMINIUM SUPP 112 RES 114-115/LEAD MINI SUPP 120 RES 123.50-125.50//ZINC MINI SUPP 112 RES 114-115//ALL BASE METALS LOOK POSITIVE AS PER THESE LEVELS.

MRKT ALERT 8.49 PM

ISM Non-Manufacturing PMI Act 57.1 Fore 55.6 Prev 55.0

MRKT ALERT 6.50 PM

Non-Farm Employment Change Act 297K Fore 101K Prev 93K

MRKT ALERT 4.44 PM

MCX FEB COPPER TRADERS HOLDING SELLS AT 437-437.50 BOOK FULL PROFITS 432.80. WAIT FOR FRESH ENTRIES.

MRKT ALERT 3.58 PM

MCX FEB COPPER T2 ACH AT 434.50, SELL GIVEN AT 437.50.
MEMBERS ADVISED TO BOOK PROFITS AT EVERY STAGE WE GIVE / HUGE SWINGS CANNOT BE RULED OUT/ LOW RISK TRADERS TRADE WITH PROFIT STOPLOSS/REBOUND FROM SUPP CLD COME/
MCX FEB COPPER: T1 ACH AT 435.
LME COPPER UP 1575/ NICKEL DN 30/ LEAD UP 1350/ ZINC DN 100/ ALU DN 1025.

MRKT ALERT

MCX FEB COPPER TRADERS HOLDING SELLS CAN BOOK PART PROFITS UPTO 435.50. SELL GIVEN BETWEEN
437 - 437.50 AS LEVELS
MCX FEB COPPER WEAK BELOW 437.50 WITH RES ABV 440 AND CLD TEST 435-434.50//LEVELS FOR HIGH RISK TRADERS.
TRADING CALL FOR JAN 5 WEDNESDAY 10.15 AM IST

Sell Copper Feb between Rs 439 to 439.50

stop loss above Rs 442.20 ,

Target 1 436

Target 2 434

Medium Risk .

UPDATES FOR JAN 5 2011

JAN 5 WEDNESDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 436 , S2 RS 433 , S3 RS 430.50

R1 RS 441 , R2 RS 444 , R3 RS 448

WAIT FOR CONFIRMATION .
INR OPENS SHARPLY WEAKER BY 25 PAISE/ CRUDE$89.30/ COPPER DOWN ARD 0.20% EXP OPEN FLAT/
GM,JAN5,7.45AM: CRUDE$89 TRADING MILDLY LOWER LTP 4041 SUPP 4015 RES 4075 SHARP CORRECTION ON PROFIT TAKING AND STRENGTHENING IN USD/ NAT GAS TRADING LOWERLTP 210.60 RES 213 SUPP 208.80 CLD TEST SUPP/BULLIONS SHARPLY CORRECTED GOLD$1381, SILVER$29.61 LTP 20435/45049 EXP FLAT OPEN// BASE METALS OPEN LOWER COPPER DOWN 0.40% LTP439.20 RES 443 SUPP 436-435/NICKEL LTP 1135 RES 1143 SUPP 1125//

Tuesday, January 4, 2011

MRKT ALERT 8.39 PM

Factory orders M/M Act 0.7% Forecast -0.1% Prev -0.9%.

MRKT ALERT 7.50 PM

Nickel looks positive above 1142 and could test 1148 - 1152 levels. Strng sup seen at 1130. Copper positive abv 445. Lead and Zinc remains firm.
MCX FEB COPPER T2 ACH AT 445.20, BUY GIVEN AT 441.50-442. MCX JAN ZINC T2 ACH AT 102.10, BUY GIVEN AT 110.10-110.30. TRADERS CAN BOOK PROFITS

MRKT ALERT 6.38 PM

MCX FEB COPPER APP OUR T2 AT 445.20, BUY GIVEN AT 441.50-442. CMP 444.60 TRADERS CAN BOOK FURTHER PROFITS.

MRKT ALERT 6.27 PM

MCX FEB COPPER T1 ACH AT 443.60, BUY GIVEN AT 441.50-442

MRKT ALERT 6.08 PM

MCX FEB COPPER APP OUR T1 443.60/ HIGH RISK TRADERS HOLDING BUYS AT 441.80 LEVELS BOOK FURTHER PROIFTS.

MRKT ALERT 5.26 PM

MCX FEB COPPER TRADING SIDEWAYS, AS ALERTED NEXT UPMOVE ABOVE 443.60/ LOW RISK TRADERS HOLDING LONGS ADVISED TO EXITED AROUND COST/ WEAK BELOW 440.
LME: COPPER UP 125/NICKEL UP 1218/LEAD UP 275/ ZINC UP100/ALU DN 2075.
COPPER CURRENT RANGE IS 439-443.60 A BREAK ON EITHER SIDE CLD SEE MORE MOVEMENT.
MARKET ALERT ON JAN 4 TUESDAY 10.50 AM IST


MCX Feb Copper traders holding longs between

441.50 to 442 can book part profits at

cmp Rs 442.85 ,
TRADING CALL FOR JAN 4 TUESDAY 10.2 AM IST

Buy Copper Feb between 441.50 - 442

SL below 439.50

T1 443.60

T2 445.20.
TECHNICALS FOR JAN 4

MCX FEB COPPER

SUpP: 439/436.80/435

RES; 443.50/446.30/447.50
UPDATE AT 9 AM: ALL COMM TRADING MILDLY LOWER/ COPPER FLAT DOWN 0.15%/ BULLIONS AT SAME OPEN LEVELS / CRUDE $91.48/INR OPEN FLAT/
GM, JAN 4,7.50AM: CRUDE$91.40 TRADING MARGINALLY LOWER LTP 4134 SUPP 4155 RES 4152/ NAT GAS TRADING AT SAME LEVELS LTP 208.50 SUPP 205 RES 210.50// GOLD$1415 TRADING FLAT, SILVER 30.66 EXP OPEN LOWER SUPP 45900 RES 46800// BASE METALS OPEN LOWER COPPER TRADES DOWN 0.40% LTP 441.60 SUP 439 RES 445/ NICKEL LTP 1135 RES 1143 SUPP 1130-1128 OVERALL NICKEL POSITIVE MORE ABV 1143/

Monday, January 3, 2011

MRKT ALERT 8.50 PM

ISM Manufacturing PMI Act 57 fore 57 prev 56.6 Construction spending Act 0.4 Fore 0.2% Prev 0.7%

MRKT ALERT 7.11 PM

BOOKING PROFITS AT EVERY STAGE AS GIVEN/ COULD EXPECT SHARP SWINGS AS ALL COMMODITTIES TRADING AT LIFE HIGHS/ COPPER SUP BELOW 440 AT 437 RES 443-446 SILVER RES 46900 SUP 46300-46100/ NICKEL RES 1142 SUP 1130-1126/ CRUDE RES 4145 SUP 4110.
MCX FEB COPPER T1 ACH AT 445.20.
reminder: no momentum as lme closed today.
MCX FEB COPPER: TRADERS HOLDING LON GS BOOK PART PROFITS UPTO 444.65,/OTHERS HOLD AS PER LEVELS.
Buy Copper Feb between 442.80 - 443.40 SL below 441.50 T1 445.20 T2 446.90. High Risk
MCX FEB COPPER STRONG SUPP AT 440, IF SUSTAINS ABV 443 CLD TEST 445-446 /LEVELS ONLY.

UPDATES FOR JAN 2 2011

JAN 3 MONDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 437.35 , S2 RS 435.55 , S3 RS 432.95

R1 RS 441.45 , R2 RS 443.75 , R3 RS 446.55

WAIT FOR CONFIRMATION .
UPDATE AT 8.20AM: CRUDE$91.59 MCX ARD 4095-4100/NAT GAS UPARD 2.50%//BULLIONSM MARGINALLY LOWER MCX DEPENDS ON INR OPEN// COPPER MARGINALLY HIGHER ARD 0.20% MCX ARD 440// CHINA CLOSED TODAY/
GM,JAN 3 ,7.15AM:LME CLOSED TODAY FOR NEW YEAR; EARTHQUAKE STRIKES CHILE YESTERDAY, NO BIG IMPACT SEEN YET IN COPPER PRODUCING AREAS// CRUDE$91.31 LTP 4087 RES 4100-4120 SUPP 4060 OPENS FLAT/NAT GAS OPENS SHARPLY HIGHER ARD 2% LTP 198.70 CLD OPEN AT RES 202-203 SUPP 195/ BULLIONS OPEN MARGINALLY LOWER GOLD$1416,SILVER$30.79 LTP 46264 RES 46500 SUPP 45900//COPPER OPENS FLAT TO MARGINALLY HIGHER LTP439.55 RES 441 SUPP 436 CLD TEST LIFE HIGHS AT OPEN//

Saturday, January 1, 2011

UPDATE AT 8.45AM: SILVER EXP TO OPEN AT LIFE HIGHS LTP 46217 RES 46350-46400 SUPP 45700/GOLD EXP TO OPEN HIGHER RES AT 20800/NICKEL SUPP 1110 CLD TEST RES 1128/COPPER RES 441 SUPP 436/LEAD MINI JAN RES 117 SUPP 113, POSITIVE ABV 115/CRUDE RES AT 4100-4110 SUPP 4070//ALL COMM HOLDING IN DOLLAR TERMS BUT SHARP APPRECIATION IN INR HELD DOWN MCX LEVELS/SO... WATCH OUT INR IMPACT!!
GM JAN 1,2011: TEAM AKSHAYA WISHES ALL ITS MEMBERS, TRADERS, PARTICIPANTS A VERY HAPPY AND PROSPEROUS NEW YEAR!!!ALL COMM CLOSE STRONG: INTL GOLD$1420, SILVER$30.86 BULLIONS IN DOLLAR TERMS VERY STRONG, STRENGTHENING OF INR HOLDING BACK MCX LEVELS/CRUDE RALLIED STRONGLY FROM LOWS , MORE UPSIDE SEEN ABV $92(WATCH OUT FOR INR), NAT GAS CLOSES POSITIVE 197.80/BASE METALS CLOSE AT HIGHS, CLD SEE MORE UPSIDE ESP NICKEL/