Wednesday, December 26, 2007

MCX CHANA
market likely to remain downside.
Participants are advised to Sell MCX January at around market open for the likely target of Rs. 2090

Refined Soy Oil
Jan : Buy Jan contract at around Rs. 545.0 for the profit target of Rs. 548.0 , stop loss 543.5Feb : Buy Feb contract at around Rs. 552.5 for the profit target of Rs. 555.5 , stop loss 551.0

Cardamom Strategy
A crop loss of over 30% has been estimated this season. Arrivals are half of what used to be same period last year. Markets appear to be long term bullish .Exports have been good and thus demand for 7 mm and above grade will be good. Auction prices were steady to better and low arrival of crop reflected in Sunday's auction at Kumily with compare to previous auction.

Cardamom Jan
Strategy 1: Buy only above 609 for targets of 614, 617 s/l 606.
Startegy 2: Sell below 603 for targets of 598, 595 s/l 606.

Cardamom Feb
Strategy 1: Buy above 623 for targets of 628, 631 s/l 620.
Startegy 2: Sell below 618 for targets of 614, 611 s/l 621.

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