Wednesday, January 16, 2008

Refined Soy Oil
Feb : SELL Feb contract at around Rs. 591.2 for the profit target of Rs. 588.2, stop loss 592.7
Mar : SELL Mar contract at around Rs. 596.9 for the profit target of Rs. 593.4 , Stop Loss - 598.4.
Trading Strategies for Gold and Silver (Intra day).
Gold seems to be bearish, Can initiate a sell position around 11400 levels with a stop loss around 11450 levels with a profit target of 11300, and next target 11270.
Silver seems to be bearish can initiate a sell position around 20850 levels with a stop loss around 20950 levels and the profit target 20650 , next target 20550
Zinc
Intraday outlook looks downward for zinc on increasing supply from China. Increasing inventories could dampen to the prices in long term.

Intra Day Call: Short MCX Jan Zinc below 90.40 with STP @ 91.20, Target: 89.20
Tin
Intraday outlook looks downward for Tin. Weakness in base metals complex could be dampening to the metal.

Intra Day Call: Short MCX Jan Tin below 641 with STP @ 646 Target: 634.
Nickel
Intraday outlook looks downward for Nickel. Nickel prices are likely to hover below. LME Inventories would play a crucial role in intraday trade.

Intra Day Call: Short MCX Jan Nickel below 1110 with STP @ 1118 Target: 1090.
Lead
Intraday outlook looks downward for Lead. Increasing inventories pushing prices lower for short period.

Intra Day Call: Short MCX Jan Lead below 103.30 with STP @ 104.10, Target: 102.00
Copper
Intraday outlook looks downward for copper. As US economic data suggesting weakness. Market could move higher as investors are also buying the metal as alternative v/s declining dollar.

Intra Day Call: Short MCX Feb Copper below 281.80 with STP @ 283.90, Target: 278.50
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.

Intra Day call: Short MCX Jan Aluminum below 97.10 with STP @ 97.60, Target: 96.10

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