Monday, December 17, 2007

Trading Strategies for Gold and Silver (Intra day)
Gold seems to be bullish, Can initiate a buy position around 10140 levels with a stop loss around 10100 levels with a profit target of 10220 , and next target 10250 .
Silver seems to be bullish can initiate a buy position around 18500 levels with a stop loss around 18400 levels and the profit target 18700 , next target 18800
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 350/360 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.
Refined Soy Oil
Jan : Buy Jan contract at higher levels around Rs. 541.0 for the profit target of Rs. 544.0 , stop loss - 539.5Feb : Buy Feb contract at higher levels around Rs. 547.5 for the profit target of Rs. 550.5 , stop loss - 546.реж
MCX CHANA
Market may improve after a 20 day long bear season with a upside breakout.
Can Buy January Contract around the range of Rs. 2210 - 2220 for the target in the range of Rs. 2230 - 2240, SL - Rs.2200
Kapas April 2008
Kapas Futures market is likely to up.
Can Buy Kapas at MCX around - below Rs. 449.0 - 450.0 and likely first target is Rs 452.00 - 453.00 with a Stop Loss at Rs. 447.
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 92.20 with STP @ 93.00, Target: 90.95
Nickel
Intraday outlook looks downward for Nickel. Nickel prices are likely to hover below. Weakness in U.S., European stainless steel markets likely to cap nickel.

Intra Day Call: Short MCX Dec Nickel below 1036 with STP @ 1049, Target: 1012
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 98.15 with STP @ 98.85, Target: 97.05
Copper
Intraday outlook looks upward for copper. Prices are likely to move up due to huge decrease in SHFE inventories.
Intra Day Call: Long MCX Feb Copper above 260.00 with STP @ 258.20, Target: 263.90
Aluminum
Intraday outlook looks range bound for aluminum, relatively steady despite the weakness in other base metals and looks firm.
Intra Day call: Long MCX Dec Aluminum above 93.10 with STP @ 92.20, Target: 94.50

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