COMMODITY CALLS ON 17 FEBRUARY, 2011 (THURSDAY)

MCX TECH CALLS

INTRADAY CALLS :

1.MCX SILVER MAR: SELL IN THE RANGE 46350-46360. WITH STOPLOSS OF 46510. TARGET 46196-46100-45990. CMP: 46300.

2.(SMALL CALL)MCX GOLD APR: SELL IN THE RANGE OF 20500-20510 WITH STOPLOSS OF 20530. TGT 20460-20432. CMP: 20492.

FOLLOW UPS :

1.MCX MENTHA OIL FEB: BOOK PARTIAL RPOFIT AT 1044 IN SELL GIVEN YESTERDAY AT 1055.

2.MCX GOLD APR: EXIT FROM SELL CALL AT COST. WAIT FOR A FRESH CALL TO EXECUTE. CMP: 20510.

TRENDS AND ALERTS :

1.MCX COPPER FEB: STRONG RESISTANCE IS STILL 456 AROUND. SHORT TERM TREND IS WILLL BEARISH FOR TIME ITS REMAINS BELOW 457.SUPPORT 445.5 AROUND.

2.MCX CRUDE OIL FEB: INTRADAY TREND WILL REMAIN BULLISH IF HOLDS 3845 ON A DOWNSIDE. RESISTANCE WILL BE AT 3932-3977. CMP: 3867.

3.MCX ZINC:FACING LOT OF RESISTANCE IN THE ZONE OF 114.5-115. AND TAKING STRONG SUPPORT AROUND 110. WE STILL STRONGLY RECOMMEND TO HOLD BUY ON EVERY DIP.

4.MCX CPO FEB: TREND IS STILL BEARISH AND EXPECTING SELLING AGAIN FROM THE LEVEL OF 576-580. NOW  SUPPORT AT 559. RECOMMENDATION TO SELL ON RISE.

5.MCX SILVER MAR: COULD FACE RESISTANCE AT 46650. SUPPORT AT 46000. TREND RANGE BOUND. CMP: 46370.

6.MCX CPO FEB: MADE A LOW 558.7 AS WE SUGGESTED TO REMAIN ON SELL SIDE ONLY FOR 559 LEVELS.NOW MAJOR SUPPORT FOR THIS MONTH AT 541. RESISTANCE AT 580.

7.MCX COPPER FEB: NOW TRADING AT 444.6. AS WE SUGGESTED TREND IS DOWN. DON'T MISS BUY IF COMES IN THE RANGE OF 440.5-339.5. SL 338.

8.MCX NICKEL FEB: SUPPORT ARE AROUND 1268-1255. TREND IS STILL LOOKING DOWN. RESISTANCE AROUN 1290.