COMMODITY CALLS ON 21 DECEMBER, 2010 (TUESDAY)

MCX TECH CALLS

ALERTS:

1.MCX CRUDE OIL JAN:WE SAID YESTERDAY THAT 4132 LEVELS ON UPSIDE COULD BE SEEN THIS WEEK. YESTERDAY MADE A LOW 4023. NOW TRADING AT 4071. HOLD BUY POSITION.

2.(IMP)MCX GOLD FEB: FROM LAST 10 DAYS TRADING IN A VERY TIGHT RANGE OF 20680-20400. AS SAYING REGULARLY STRONG SUPPORT 20390.BELOW THIS TREND NEGATIVE.

3.MCX COPPER FEB: ALL TARGETS ACHIEVED AROUND 428 ( IT MADE A HIGH OF 427.65) FROM THE LEVEL AROUND 390. CMP: 427.1.

POSITIONAL CALL:

1.MCX CRUDE OIL JAN: BUY IN THE RANGE OF 4055-4045 AND MORE AT 4020 WITH STOPLOSS OF 4000. TARGETS 4111-4154. CMP: 4071.

INTRADAY CALL:

1.(RISKY CALL) MCX LEAD DEC: BUY IN THE RANGE OF 111-110.7. WITH STOPLOSS OF 109.7. TARGET 113.3 AROUND. RISKY CALL AT CMP:111.6.

2.MCX SILVER MAR: SELL IN THE RANGE OF 44450-44460. WITH STOPLOSS 44489. TARGETS 44341-44274. CMP: 44430.

3.MCX SILVER MAR: STOPLOSS TRIGGERED AT 44489 IN SELL CALL GIVEN AROUND 44455. CMP: 44588.

4.MCX LEAD DEC: BOOK PARTIAL PROFIT AT 111.7 IN BUY CALL GIVEN IN THE RANGE OF 111-110.7. MADE ALOW OF 111.8. CMP:111.5.

FUNDAMENTAL NEWS

1.BMD CPO: Fresh buying interest amid speculation that the lean CPO output period from December but gains will be subdued by weak demand.