MCX CHANA
Market expected to continue the downward trend.
In case market gains or shows any upside movement, Can Short Sell at the Market price for the first target of Rs. 2100 and the next target of Rs. 2075.
Market expected to continue the downward trend.
In case market gains or shows any upside movement, Can Short Sell at the Market price for the first target of Rs. 2100 and the next target of Rs. 2075.
Refined Soy Oil
Jan : Buy Jan contract at around Rs. 549.2 for the profit target of Rs. 552.2 , stop loss 547.7Feb : Buy Feb contract at around Rs. 559.1 for the profit target of Rs. 562.1, stop loss 557.6
Jan : Buy Jan contract at around Rs. 549.2 for the profit target of Rs. 552.2 , stop loss 547.7Feb : Buy Feb contract at around Rs. 559.1 for the profit target of Rs. 562.1, stop loss 557.6
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.
Kapaskhali January
Can Sell January contract in the range or Rs. 380 - 379 for the target of Rs. 378 - 77, Stop Loss - Rs. 382
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.
Kapaskhali January
Can Sell January contract in the range or Rs. 380 - 379 for the target of Rs. 378 - 77, Stop Loss - Rs. 382
Trading Strategies for Gold and Silver (Intra day).
Gold seems to be bullish, Can initiate a buy position around 10470 levels with a stop loss around 10420 levels with a profit target of 10550, and next target 10580 .
Silver seems to be bullish can initiate a buy position around 19200 levels with a stop loss around 19100 levels and the profit target 19350 , next target 19450.
Spread Strategies.
Gold
The spreads between Gold Feb and Gold Apr are hovering between 60 and 65 at present.
If the spread comes down to 58/60 the strategy would be Buy Apr and Sell Feb and reverse your position if the spread increases to 70
Silver
The spreads between Silver March and Silver May are hovering around 300 and 330 If the spread comes down to 290 the strategy would be to sell Mar and buy May and reverse your position if the spread increases to 320/330 If the spread goes higher to 400 then can do vise a versa also.
Crude Oil
Crude oil may trade in the range of 3790 to 3845. Market might witness some profit booking on account of weekend. A break below 3790 might see prices targeting 3765.
Natural Gas
Natural gas prices are expected to be in the range of 279 to 285. A break below 279 may see prices targeting 276. A break above 285 might cause an upward rally towards 290 levels.
Gold seems to be bullish, Can initiate a buy position around 10470 levels with a stop loss around 10420 levels with a profit target of 10550, and next target 10580 .
Silver seems to be bullish can initiate a buy position around 19200 levels with a stop loss around 19100 levels and the profit target 19350 , next target 19450.
Spread Strategies.
Gold
The spreads between Gold Feb and Gold Apr are hovering between 60 and 65 at present.
If the spread comes down to 58/60 the strategy would be Buy Apr and Sell Feb and reverse your position if the spread increases to 70
Silver
The spreads between Silver March and Silver May are hovering around 300 and 330 If the spread comes down to 290 the strategy would be to sell Mar and buy May and reverse your position if the spread increases to 320/330 If the spread goes higher to 400 then can do vise a versa also.
Crude Oil
Crude oil may trade in the range of 3790 to 3845. Market might witness some profit booking on account of weekend. A break below 3790 might see prices targeting 3765.
Natural Gas
Natural gas prices are expected to be in the range of 279 to 285. A break below 279 may see prices targeting 276. A break above 285 might cause an upward rally towards 290 levels.
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