COMMODITY CALLS ON 16 MAR, 2011 (WEDSDAY)

                                                                   

MCX TECH CALLS

 

 

INTRADAY CALLS:

1. MCX LEAD MAR: SELL AT CMP: 115.8. AND MORE AT 116.5 STOPLOSS 17.1. TARGETS 114.2-112.7.

2.MCX CRUDE OIL MAR: SELL IN THE RANGE OF 4590-4600. STOPLOSS 4720. TGT 4550-4521. RISKY SELL AT CMP: 4582.

3. MCX GOLD APR: SELL AT CMP: 20860 IN SMALL QUANTITY STOPLOSS OF 20950. TGT 20725 AROUND

 

FOLLOW UPS:

 1.MCX NICKEL MAR: BOOK PARTIAL PROFIT AT 1160 IN SELL CALL GIVEN AT 1172 AROUND. TIME: 3:25 PM
16:22

2.. MCX ZINC MAR: STOPLOSS TRIGGERED IN SELL CALL GIVEN AT 112.5. TIME: 4:27 PM
16:46 MCX CRUDE OIL MAR: SELL IN THE RANGE OF 4590-4600. STOPLOSS 4720. TGT 4550-4521. RISKY SELL AT CMP: 4582.

3.MCX CRUDE OIL MAR: ALL TGT COMPLETED AT 4521 IN SELL CALL GIVEN AT 4582.

4. MCX SILVER MAY: DOWN SIDE TGT ALMOST COMPLETED AT 52020 IN SELL HIGHLY RECOMMENDED AT 53400. PLEASE CHECK.

 

TRENDS AND ALERTS:

1. STRONGLY RECOMMENDED. CMP: 424.5. STOPLOSS AND TARGETS ONCE PRICES COME IN RANGE

2. MCX CRUDE OIL: 4487 IS NOW DECIDING LEVEL FOR THE CLEAR TREND DIRECTION. BUT OVER ALL TREND IS STILL BULLISH. WITH STRONG SUPPORT OF 4250 ON A DOWNSIDE.

3.MCX SILVER MAY: THIS WEEK STRONG RESISTANCE AROUND 53200-53400.OVERALL TREND WILL BE BEARISH TILL REMAIN BELOW 53300. SUPPORT ARE 50700-49600.

4.MCX N.G MAR: FROM LAST 5 WEEKS TREND IS RANGE BOUND BETWEEN 185-168. TREND WILL ONLY TURN BULLISH IF REMAINS ABOVE 185. SO KEEP CLOSE WATCH AND TRADE

5. MCX ALUMINIUM MAR: TREND WILL BE REMAIN BEARISH FOR ANOTHER TWO TRADING SESSIONS i.e MONDAY AND TUESDAY. SO SELL ON RISE IS STILL RECOMMENDED.