Refined Soy Oil
Jan : Buy Jan contract at around Rs. 547.0 for the profit target of Rs. 549.5 , stop loss 545.25Feb : Buy Feb contract at around Rs. 554.5 for the profit target of Rs. 557.0 , stop loss 552.75
MCX CHANA
Removal of Additional Margin of 7.5% on Chana and Guar by the FMC to be applicable from today.
Also lower production estimates in current Rabi season is likely to render the market to improve from current levels with the likely upside potential of Rs. 60 and the downward potential of Rs. 20.
Participants are advised to Buy at current levels for a target of + 15 to 20.
Bullion Trading Strategies(Intra-day)
Trading Strategies for Gold and Silver (Intra day).
Gold seems to be bullish, Can initiate a buy position around 10280 levels with a stop loss around 10230 levels with a profit target of 10360, and next target 10400 .

Silver seems to be bullish can initiate a buy position around 18950 levels with a stop loss around 18850 levels and the profit target 19100 , next target 19200.


Spread Strategies.

Gold
The spreads between Gold Feb and Gold Apr are hovering between 65 and 70 at present.
If the spread comes down to 60/65 the strategy would be Buy Apr and Sell Feb and reverse your position if the spread increases to 75

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.

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.


Zinc
Intraday outlook looks upward 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: Long MCX Dec Zinc above 95.80 with STP @ 95.00, Target: 97.40

Nickel
Intraday outlook looks range bound 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: Long MCX Dec Nickel above 1060 with STP @ 1052, Target: 1078

Lead
Intraday outlook looks upward for Lead. Production shutdown in china could provide support to the prices. 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: Long MCX Dec Lead above 106.00 with STP @ 105.20, Target: 107.60

Copper
Intraday outlook looks upward for copper. Due to increased demand from spot & up china's Nov copper imports, price could test the upside resistance in SHFE at around 60k yuan. Prices are likely to remain firm. Downside seems to be limited.

Intra Day Call: Long MCX Feb Copper above 274.40 with STP @ 272.80, Target: 277.30

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.