Refined Soy Oil
Feb : Sell Feb contract at around Rs. 591.3 for the profit target of Rs. 589.3, stop loss - 592. 8
Mar : Sell Mar contract at around Rs. 594.9 for the profit target of Rs. 591.9, Stop Loss - 596.4.
Kapas April 2008
Can SELL Kapas at MCX around Rs. 483 - 82 for the likely target of Rs 480 - 479 with a Stop Loss at Rs. 485.Kapaskhalli January
SELL around Rs. 382 - 383 for the target of Rs. 379 - 378, Stop Loss - Rs. 384
Crude Oil
Market may trade in the range of 3535 to 3585. Today, sentiment seems bullish as Mexican supply issues may cause shortage of oil in the US. A break of resistance above 3585 may cause an upward rally towards 3620.
Natural Gas
Natural Gas seems rangebound between 308 to 313. Overall sentiment remain bearish as market expects ample inventories to take care of remaining winter demand. A break of resistance below 308 may cause a downard rally towards 305 levels.
MCX CHANA FEBRUARY
Market expected to be bearish.
Sell in the range of Rs. 2210 - 2220 for tagert T1 - Rs 2195 and T2 - 2180, SL - 2230SPREAD STRATEGY
Bear Spread to continue - Sell March & Buy April. Current Diff 32, Target T1 - 45, T2 - 55, SL - 25
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