MCX CHANA
Market gained by Rs. 10 in the last trading sesion. Participants advised to wait for a clear trend. Likely to trade in the range of Rs. 2250 - 2275. Can initiate buy at lower levels at around Rs. 2250 for the target of Rs. 2265, SL - Rs. 2235. Can initiate Sell at upper levels at around Rs. 2270 for the target of Rs. 2250, SL - Rs. 2290 Inter Exchange ArbitrageInitiate Inter Exchange arbitrage at a point when MCX is trading at a discount of Rs। 30 below NCDEX i.e Buy MCX December and Sell NCDEX December Contract. Target difference is Rs. 30 Hold Positions till December Expiry on 20th December, 07.
Market gained by Rs. 10 in the last trading sesion. Participants advised to wait for a clear trend. Likely to trade in the range of Rs. 2250 - 2275. Can initiate buy at lower levels at around Rs. 2250 for the target of Rs. 2265, SL - Rs. 2235. Can initiate Sell at upper levels at around Rs. 2270 for the target of Rs. 2250, SL - Rs. 2290 Inter Exchange ArbitrageInitiate Inter Exchange arbitrage at a point when MCX is trading at a discount of Rs। 30 below NCDEX i.e Buy MCX December and Sell NCDEX December Contract. Target difference is Rs. 30 Hold Positions till December Expiry on 20th December, 07.
Kapas April 2008
Kapas Futures market is likely to remain sideways to up. Can Buy Kapas at MCX around - below Rs. 441 - 442.0 and likely first target is Rs 443.00 - 444.00 with a Stop Loss at Rs.439
Kapas Futures market is likely to remain sideways to up. Can Buy Kapas at MCX around - below Rs. 441 - 442.0 and likely first target is Rs 443.00 - 444.00 with a Stop Loss at Rs.439
Refined Soy Oil
Dec : Buy Dec contract at higher levels around Rs. 524.0 for the profit target of Rs. 527.0 , stop loss - 522.5
Jan : Buy Jan contract at higher levels around Rs. 530.5 for the profit target of Rs. 533.5 , stop loss - 529.реж
Dec : Buy Dec contract at higher levels around Rs. 524.0 for the profit target of Rs. 527.0 , stop loss - 522.5
Jan : Buy Jan contract at higher levels around Rs. 530.5 for the profit target of Rs. 533.5 , stop loss - 529.реж
Trading Strategies for Gold and Silver (Intra day).
Gold seems to be bullish, Can initiate a buy position around 10310 levels with a stop loss around 10260 levels with a profit target of 10390 , and next target 10420 . Silver seems to be bullish can initiate a buy position around 19270 levels with a stop loss around 19170 levels and the profit target 19400 , next target 19500.
Spread Strategies.
Gold
The spreads between Gold Feb and Gold Apr are hovering between 70 and 75 at present. If the spread comes down to 65/70 the strategy would be Buy Apr and Sell Feb and reverse your position if the spread increases to 80
Silver
The spreads between Silver March and Silver May are hovering around 310 and 340 If the spread comes down to 300/310 the strategy would be to sell Mar and buy May and reverse your position if the spread increases to 340/350 If the spread goes higher to 400 then can do vise a versa also.
Arbitrage.
Gold Regular vs. Gold Mini The spread between Gold Regular and Gold Mini is hovering around 1-4 Rs. If the spread increases to 10, then sell 10 gold mini and buy 1 gold regular and reverse your position when the spread decreases to 2/4.
Silver Regular vs. Silver Mini
The spread between Silver Regular and Silver Mini normally is between the range of 3 to 10 Rs। If difference is around 15-20 the strategy here would be sell silver mini 6 lots and buy silver regular 1 lot and reverse your position whenever the difference minimizes.
Gold seems to be bullish, Can initiate a buy position around 10310 levels with a stop loss around 10260 levels with a profit target of 10390 , and next target 10420 . Silver seems to be bullish can initiate a buy position around 19270 levels with a stop loss around 19170 levels and the profit target 19400 , next target 19500.
Spread Strategies.
Gold
The spreads between Gold Feb and Gold Apr are hovering between 70 and 75 at present. If the spread comes down to 65/70 the strategy would be Buy Apr and Sell Feb and reverse your position if the spread increases to 80
Silver
The spreads between Silver March and Silver May are hovering around 310 and 340 If the spread comes down to 300/310 the strategy would be to sell Mar and buy May and reverse your position if the spread increases to 340/350 If the spread goes higher to 400 then can do vise a versa also.
Arbitrage.
Gold Regular vs. Gold Mini The spread between Gold Regular and Gold Mini is hovering around 1-4 Rs. If the spread increases to 10, then sell 10 gold mini and buy 1 gold regular and reverse your position when the spread decreases to 2/4.
Silver Regular vs. Silver Mini
The spread between Silver Regular and Silver Mini normally is between the range of 3 to 10 Rs। If difference is around 15-20 the strategy here would be sell silver mini 6 lots and buy silver regular 1 lot and reverse your position whenever the difference minimizes.
Crude Oil
Crude oil looks bullish as market speculates that central banks around the world to fund the slowing economy and sustain demand. Prices may be in the range of 3670 to 3725. A break of resistance upward of 3725 may cause a rally towards 3760.
Natural Gas
Natural Gas seems bullish as crude rallies on speculation about the economy being able to sustain demand. Prices may target 295 levels initially, therefore, can buy for the same target. 2nd target may be around 297 if the upward rally continues. A break of support downward 291 may cause a sell-off till 289 levels. Zinc
Intraday outlook looks downward for zinc. In near term Zinc could retrace higher due to short covering & bargain hunting and on a talk of delaying cancellation of 5% value-added tax rebates on refined zinc exports, which could limit the exports and may provide support to the prices.
Intra Day Call: Short MCX Dec Zinc below 96.60 with STP @ 97.40, Target: 94.40
Nickel
Intraday outlook looks downward for Nickel. Nickel prices are likely to hover below. Upside momentum could trigger due to short covering as market is in oversold condition. Weakness in U.S., European stainless steel markets likely to cap nickel.
Intra Day Call: Short MCX Dec Nickel below 1034 with STP @ 1042, Target: 1018
Lead
Intraday outlook looks downward for Lead. Forecast is for mild U.S. winter bearish for lead and the resumption of shipments from Australian mine Magellan next year. Prices may weaken in short term due to substantial increase in LME inventories but prospect of an increase in the China’s lead export tax will give the metal upside momentum.
Intra Day Call: Short MCX Dec Lead below 101.20 with STP @ 102.00, Target: 99.00
Copper
Intraday outlook looks downward for copper. Due to expectation of a rise of SHFE stocks (Friday) & on concern over slowing US economic growth. Prices are likely to remain soft. Downside seems to be limited.
Intra Day Call: Short MCX Feb Copper below 265.30 with STP @ 267.10, Target: 261.20
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.
Crude oil looks bullish as market speculates that central banks around the world to fund the slowing economy and sustain demand. Prices may be in the range of 3670 to 3725. A break of resistance upward of 3725 may cause a rally towards 3760.
Natural Gas
Natural Gas seems bullish as crude rallies on speculation about the economy being able to sustain demand. Prices may target 295 levels initially, therefore, can buy for the same target. 2nd target may be around 297 if the upward rally continues. A break of support downward 291 may cause a sell-off till 289 levels. Zinc
Intraday outlook looks downward for zinc. In near term Zinc could retrace higher due to short covering & bargain hunting and on a talk of delaying cancellation of 5% value-added tax rebates on refined zinc exports, which could limit the exports and may provide support to the prices.
Intra Day Call: Short MCX Dec Zinc below 96.60 with STP @ 97.40, Target: 94.40
Nickel
Intraday outlook looks downward for Nickel. Nickel prices are likely to hover below. Upside momentum could trigger due to short covering as market is in oversold condition. Weakness in U.S., European stainless steel markets likely to cap nickel.
Intra Day Call: Short MCX Dec Nickel below 1034 with STP @ 1042, Target: 1018
Lead
Intraday outlook looks downward for Lead. Forecast is for mild U.S. winter bearish for lead and the resumption of shipments from Australian mine Magellan next year. Prices may weaken in short term due to substantial increase in LME inventories but prospect of an increase in the China’s lead export tax will give the metal upside momentum.
Intra Day Call: Short MCX Dec Lead below 101.20 with STP @ 102.00, Target: 99.00
Copper
Intraday outlook looks downward for copper. Due to expectation of a rise of SHFE stocks (Friday) & on concern over slowing US economic growth. Prices are likely to remain soft. Downside seems to be limited.
Intra Day Call: Short MCX Feb Copper below 265.30 with STP @ 267.10, Target: 261.20
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.
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