COMMODITY CALLS ON 14 JANUARY, 2011 (FRIDAY)

MCX TECH CALLS

TRENDS AND ALERTS:

1.(INTRADAY)MCX COPPER FEB: SUPPORT ARE AROUND 435.2-430.6. RESISTANCE AROUND 443.7. TREND RANGE BOUND. CMP: 438.6.

2.(INTRADAY)MCX CRUDE JAN: SUPPORTS AROUND 4108-4077.STRONG RESISTANCE AROUND 4168. CLOSING ABOVE 4168 WILL CONFIRM FURTHER BULLISH TREND. OVERALL POSITIVE.

3.MCX  NICKEL JAN: BUY CALL GIVEN YESTERDAY AT 1165 AND MORE AT 1150 IS STILL ACTIVATED. MAINTAIN STRICT STOPLOSS AND TARGETS. CMP: 1154.

4.(IMP)MCX GOLD FEB: FROM LAST THREE DAYS PRICES ARE VERY MUCH RANGE BOUND BETWEEN 20510-20350. WE ARE REGULARLY UPDATING THAT TREND IS DOWN TILL 20070.

5.MCX MENTHA OIL JAN:SUPPORT AT 1167 BELOW THIS 1152. RESISTANCE ARE AROUND 1187. TREND NEGATIVE IF REMAINS BELOW 1167. SELL IS RECOMMENDED.

6.MCX SILVER MAR MADE A LOW OF 44111 OUR TARGET WAS AROUND 44070. BUT SELL PRICE DIDN'T COME IN THE RANGE. NOW DON'T TRADE AND WAIT FOR A FRESG CALL.THANKS

7.MCX CPO FEB: TREND IS DOWN TILL THE TIME REMIANS BELOW 555. RESISTANCE AROUND 554. . SUPPORT 534 AROUND. CMP: 547.2 .

8.MCX GOLD FEB: TARGET ALMOST COMPLETED AT 20260 AND TARGET WAS 20255. BUT DUE TO MARKET HALT TIME PRICE DIDN'T COME IN RANGE.

9.(POSITIONAL) SILVER MAR: NOW RESISTANCE AROUND 44300. TREND WILL REMAIN DOWN. WE COULD SEE 43601-42930-41964 ON A DOWNSIDE.RISKY PLAYERS CAN HOLD SHORT.

10.(POSITIONAL ALERT)MCX GOLD FEB:COULD SEE 20027 AROUND LEVELS ON A DOWN SIDE IN COMING DAYS. OVER ALL TREND IS BEARISH TILL REMAINS BELOW 20450. RISKY HOLD SHORT.

11.MCX SILVER MAR: MADE A LOW 44581. WE ARE REGULARLY RECOMMENDING TO HOLD SHORT POSITION.

INTRADAY TECH CALLS:

1.MCX SILVER MAR: SELL IF COMES IN THE RANGE OF 44480-44510. WITH STOPLOSS OF 44770. TARGETS AROUND 44070. CMP: 44350.

2.MCX COPPER FEB: BUY IN THE RANGE OF 439-438.5. WITH STOPLOSS OF 437.9. TARGETS 441.2 442.5.CMP: 439.3.

3.MCX CRUDE OIL JAN: SELL IN THE RANEG OF 4110-4115. WITH STOPLOSS OF 4137. TARGETS 4079-4051. CMP: 4104.

4.MCX GOLD FEB: SELL IN THE RANGE OF 20340-20350 AND MORE AT 20380. WITH SL OF 20412. TARGETS 20257-20199. CMP: 20321.

5.MCX COPPER FEB: BOOK PARTIAL PROFIT AT 440.8 IN BUY CALL GIVEN AT 439. CMP: 440.8.

6.MCX COPPER FEB: ALL TARGETS ACHIEVED AT 442.5 IN BUY CALL GIVEN AROUND 439. CMP: 442.2

7.MCX CRUDE OIL JAN: STOPLOSS TRIGGERED AT 4137 IN SELL CALL GIVEN IN THE RANGE OF 4110-4115. CMP: 4134.

8.MCX NICKEL JAN: FIRST TARGET ALMOST COMPLETED 1174.8 IN OUR POSITIONAL BUY CALL. REST TGT ARE 1196-1210 NEXT WEEK. TREND IS BULLISH. HOLD BUY. 

9.MCX ZINC JAN: FIRST TARGET COMPLETED AT 112.1 IN POSITIONAL BUY CALL. OTHER REVISED TARGETS ARE 113.6-115.5. PLEASE TRAIL SL TO 109.3. HOLD BUY.

POSITIONAL CALLS:

1.MCX GOLD FEB: BOOK PARTIAL PROFIT AT 20362 IN POSITIONAL SELL CALL GIVEN YESTERDAY AROUND 20408. CMP: 20362.

2.MCX NICKEL JAN: BOOK PARTIAL PROFIT AT 1162.5 THOSE WHO BOUGHT AT 1150. CMP: 1162.5.

NCDEX TECH CALLS

POSITIONAL CALLS:

1.NCDEX CHANA FEB: BUY AT CMP: 2609 AND MORE AT 2580. WITH STOPLOSS OF 2556. TARGETS 2666-2702. CMP: 2607.

2.NCDEX REF SOY OIL FEB: 642 IS STRONG RESISTANCE  ON CLOSING BASIS. WE COULD SEE 629 ON DOWNSIDE IF REMIANS BELOW 642. TREND NEGATIVE. CMP: 641.