Refined Soy Oil
Jan : Buy Jan contract at around Rs. 561.10 for the profit target of Rs. 564.1 , stop loss 559.6Feb : Buy Feb contract at around Rs. 569.9 for the profit target of Rs. 572.9, stop loss 568.4
Kapas April 2008
Can BUY Kapas at MCX around Rs. 470.0 - 471.0 for the likely target of Rs 473 - 74 with a Stop Loss at Rs. 467.
Kapaskhali JanuaryCan BUY January contract in the range or Rs. 387 - 388 for the target of Rs. 389 - 90, Stop Loss - Rs. 385
Trading Strategies for Gold and Silver (Intra day)
Gold seems to be bullish, Can initiate a buy position around 10920 levels with a stop loss around 10870 levels with a profit target of 11000, and next target 11030 .
Silver seems to be bullish can initiate a buy position around 19950 levels with a stop loss around 19850 levels and the profit target 20100 , next target 20200.
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 the strategy would be Buy Apr and Sell Feb and reverse your position if the spread increases to 70
Silver
The spreads between Silver March and Silver May are hovering around 290 and 300 If the spread comes down to 280 the strategy would be to sell Mar and buy May and reverse your position if the spread increases to 300 If the spread goes higher to 380 then can do vise a versa also.
Arbitrage.
Gold Regular vs. Gold Mini
The spread between Gold Regular and Gold Mini is hovering around 0-3 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 appears up ward for zinc on fresh buying from China. Higher than expected increase in US factory orders for Nov 07 also supportive to the prices. Increasing inventories and expected supply in 2008 could be dampening to the prices in long term.
Intra Day Call: Long MCX Jan Zinc above 101.75 with STP @ 101.00, Target: 103.25
Nickel
Intraday outlook looks up bound for Nickel. Nickel prices are likely to hover below. Weakness in U.S., European stainless steel markets likely to cap nickel. Strength in base metals complex likely to support nickel prices in short term.
Intra Day Call: Long MCX Jan Nickel above 1154 with STP @ 1040, Target: 1178.
Lead
Intraday outlook looks up ward for Lead. Prices may weaken in short term due to substantial increase in LME inventories and China’s decision to keep lead export taxes unchanged.
Intra Day Call: Long MCX Jan Lead above 106.40 with STP @ 105.50, Target: 108.30
Copper
Intraday outlook looks up ward for copper on fresh buying from China in anticipation of sustained demand and fresh allocation of funds from Hedge funds. Higher than expected increase in US factory orders for Nov 07 also supportive to the prices.
Intra Day Call: Long MCX Feb Copper above 281.80 with STP @ 279.90, Target: 285.00
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: Long MCX Jan Aluminum above 97.00 with STP @ 96.00, Target: 98.80
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