COMMODITY CALLS ON 28 DECEMBER, 2010 (TUESDAY)

MCX TECH CALLS

POSITIONAL CALLS:

1.MCX COPPER FEB: BOOK PARTIAL PROFIT AT 430.5 IN BUY CALL GIVEN YESTERDAY AROUND 428 AND MORE AT 426.5. CMP: 430.5.

2.(POSITIONAL)MCX GOLD FEB: BUY AT CMP:20690 AND MORE AROUND 20650. WITH STOPLOSS OF 20613. TARGETS 20800-20932.

TRENDS AND ALERTS :

1.(DAILY)MCX CPO JAN: SUPPORTS AROUND 545 AND 536. RESISTANCE AROUND 556 AND 559.6. TREND BULLISH. BUY ON DIPS.

2.(WEEKLY)MCX N.G JAN: RESISTANCE AROUND 192-194.6. SUPPORTS ARE AT 186-182.4. REMEMBER LAST 9 MONTHS TAKING STRONG SUPPORT 174.

3.(IMP) MARKET IS VERY RANGE BOUND FROM LAST WEEK THATS WHY TRADING CALL FREQUANCY IS LOW. PLEASE WAIT FOR THE CLEAR DIRECTION. THANKS

4.MCX ZINC JAN:STRONG SUPPORT ARE AT 104.7-103.5. RESISTANCE ARE AT 107.1-111.2. OVER ALL TREND IS BULLISH. BUY ON DIPS IS STRONGLY RECOMMENDED. CMP:105.3

5.MCX ALU JAN:TREND IS VERY BULLISH TILL THE LEVEL OF 115-118. SUPPORT ARE AT 108-106 AROUND. EVERY GOOD IS STRONGLY RECOMMENDED TO BUY ONLY. CMP: 109.8.

6.(WEEKLY)MCX CRUDE OIL JAN: THIS WEEK STRONG SUPPORT IS AT 4023. OVER ALL TREND IS STILL BULLISH. TILL THE LEVEL OF 4249. BUY ON DIPS IS STRONGLY.CMP:4134.