Refined Soy आयल
Dec : SELL Dec contract at around Rs. 530.5 for the first profit target of Rs. 527.5, stop loss - 532.0
Jan : SELL Jan contract at around Rs. 537.5 for the first profit target of Rs. 534.5, stop loss - 539.०
MCX CHANA
Market continues to remain downside as more old stock arrives in Mandis, and is unable to take any direction - expected to trade in the band of Rs. 2230 - 2270 Intraday.
Expected to find support at Rs. 2200 levels.
Sell December at opening prices around Rs. 2250 - 2260 for the target of Rs. 2240 - २२२५
Kapas April 2008
Kapas Futures market is likely to remain sideways to low today.
Can Buy Kapas at MCX around - below Rs. 447.0 - 448.00 and likely first target is Rs 449.10 - 450.00 with a Stop Loss at Rs. ४४४
Bullion Trading Strategies(Intra-day)
Trading Strategies for Gold and Silver (Intra day).
Gold seems to be bearish, Can initiate a sell position around10260 levels with a stop loss around 10300 levels with a profit target of 10200 , and next target 10160 .
Silver seems to be bearish can initiate a sell position around 18850 levels with a stop loss around 18950 levels and the profit target 18700 , next target १८६००
Crude Oil
Crude oil prices fell last week on speculation that OPEC might increase production during their meeting this week. Today, prices might find 1st support at 3510 and 1st resistance at 3575. A break of resistance upwards might cause a rally towards 3615 levels. Any intraday news about OPEC’s decision on production may move prices accordingly.
Natural Gas
Natural gas fell on concerns of ample inventories for the current winter season। Today, prices may test 283 levels, hence, can sell for the same target. 2nd target may be around 280 levels, if the sell off continues.
Zinc
Intraday outlook looks upward for zinc। Zinc could retrace higher due to short covering & bargain hunting. Zinc prices attributed on talk of possible changes to China's export duties on zinc exports. Serious supply surplus numbers for 2008 are still weighing on the प्रिसस.
Intra Day Call: Long MCX Dec Zinc above 100.50 with STP @ 99.70, Target: 102.70
Nickel
Intraday outlook looks upward for Nickel. Upside momentum could trigger due to short covering as market is in severe oversold condition. Weakness in U.S., European stainless steel markets likely to cap nickel.
Intra Day Call: Long MCX Dec Nickel above 1092 with STP @ 1084, Target: 1106
Lead
Intraday outlook looks upward for Lead. Price could consolidate from the recent losses due to oversold market conditions & on talk of China considering raising export tax on lead from 10% to 15% next year. Prices may weaken in short term due to substantial increase in LME inventories.