Kapas April 2008

Can SELL Kapas at MCX around Rs. 460.0 - 459.0 for the likely target of Rs 458-57 with a Stop Loss at Rs. 463.
MCX CHANA

Short covering likely to led market gain marginally.
Sell at higher level of 2150 & above for the target of of 2125-30, stop loss -2165.
Bear Spread continued in Jan & Feb.
Bull Spread to continue- Buy March , Sell April.
Inter Exchange Continue,+ Mcx Jan, - Ncdex Jan

Refined Soy Oil

Jan : Buy Jan contract at around Rs. 549.0 for the profit target of Rs. 552.0 , stop loss 547.5Feb : Buy Feb contract at around Rs. 559.0 for the profit target of Rs. 562.0, stop loss 557.5
Bullion Trading Strategies(Intra-day)


Trading Strategies for Gold and Silver (Intra day).

Gold seems to be bullish, Can initiate a buy position around 10440 levels with a stop loss around 10390 levels with a profit target of 10520, and next target 10550 .

Silver seems to be bullish can initiate a buy position around 19300 levels with a stop loss around 19200 levels and the profit target 19450 , next target 19500.
Zinc
Intraday outlook looks up ward for zinc due to China's decision to keep the taxes unchanged. Increasing inventories and expected supply in 2008 could be dampening to the prices in long term.
Intra Day Call: Long MCX Dec Zinc above 96.90 with STP @ 96.25, Target: 98.00

Nickel
Intraday outlook looks range bound for Nickel. Nickel prices are likely to hover below. Weakness in U.S., European stainless steel markets likely to cap nickel. Strength in base metals complex likely to support nickel prices in short term.

Intra Day Call: Long MCX Dec Nickel above 1062 with STP @ 1052, Target: 1078

Lead
Intraday outlook looks down ward for Lead. Prices may weaken in short term due to substantial increase in LME inventories and China’s decision to keep lead export taxes unchanged.

Intra Day Call: Short MCX Dec Lead below 105.80 with STP @ 106.50, Target: 104.10

Copper
Intraday outlook looks upward for copper. Due to increased demand from spot, increase in china's Nov copper imports and elimination of import tax. Prices are likely to remain firm. Downside seems to be limited.

Intra Day Call: Long MCX Feb Copper above 277.50 with STP @ 275.80, Target: 280.10

Aluminum
Intraday outlook looks range bound for aluminum, relatively steady despite the weakness in other base metals and looks firm. There has been supportive buying by European consumers due stronger EUR inducing buying.

Intra Day call: Long MCX Dec Aluminum above 94.10 with STP @ 93.50, Target: 95.10