Refined Soy Oil
Dec : Buy Dec contract at around Rs. 525.0 for the profit target of Rs. 528 , stop loss - 523.5
Jan : Buy Jan contract at around Rs. 531.5 for the profit target of Rs. 534.5 ,stop loss - 530.0MCX CHANA
Market is showing continuous downward trend. Old stock arrivals coupled with better sowing progress is creating downward pressure. Expected to reach Rs. 2200 levels.Can Sell in the range of Rs. 2220- 30 for a target of Rs. 2205, Stop loss at Rs. 2245.
Inter Exchange ArbitrageInitiate Inter Exchange arbitrage at a point when MCX is trading at a discount of Rs. 15 below NCDEX i.e Buy MCX January and Sell NCDEX डेक Contract. Hold Positions till December Expiry on 20th December, 07Kapas April 2008
Kapas Futures market is likely to remain sideways to low today. Cotton Lint Prices have begun to weaken due to heavy arrivals
Can Sell Kapas at MCX around - below Rs. 439 - 438.0 and likely first target is Rs 436.00 - 435.00 with a Stop Loss at Rs. 441Crude Oil
Crude oil prices may open higher today owing to a bullish sentiment as OECD announced that the world economy may absorb the shocks arising out of the subprime crisis. Prices may find 1st support at 3515 and 1st resistance at 3585. 2nd support and resistance are at 3470 and 3610 respectively.
Natural Gas
Natural Gas prices rose yesterday as inventories fell more than expected. Today, prices might correct themselves downwards. Can sell initially with a target of 288 and stop loss of 292. 2nd target may be around 285 levels.