Zinc
In Intraday outlook looks downward for zinc due to growing uncertainty about the global markets. Increasing inventories could dampen to the prices in long term.

Intra Day Call: Short MCX Jan Zinc below 89.50 with STP @ 90.20, Target: 88.00

Tin
Intraday outlook looks downward for Tin due to weakness in base metals complex. Uncertainty in Indonesia regarding the regulations governing Tin mines could be supportive to the prices.

Intra Day Call: Short MCX Jan Tin below 645 with STP @ 651 Target: 634.

Nickel
Intraday outlook looks downward for Nickel. Nickel prices are likely to hover below due to uncertainty regarding the growth of major economies which could have a direct impact on the demand of Nickel.

Intra Day Call: Short MCX Jan Nickel below 1070 with STP @ 1082 Target: 1050.

Lead
Intraday outlook looks downward for Lead due to bearish sentiments in global markets. Expected resumption of lead ore exports from Ivernia mines in coming months could be bearish for the metal in long term.

Intra Day Call: Short MCX Jan Lead below 101.45 with STP @ 102.10, Target: 100.10

Copper
Intraday outlook looks downward for copper due to bearish sentiments in global markets. Deteriorating conditions of the US economy could be dampening to the metal prices in long term.
Intra Day Call: Short MCX Feb Copper below 276.20 with STP @ 278.00, Target: 272.50

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 94.40 with STP @ 95.30, Target: 93.10

Trading Strategies for Gold and Silver (Intra day).

Gold seems to be bullish, Can initiate a buy position around 10270 levels with a stop loss around 10220 levels with a profit target of 10350, and next target 10400.

Silver seems to be bullish can initiate a buy position around 20650 levels with a stop loss around 20550 levels and the profit target 20800 , next target 20900

Crude Oil
Crude oil prices may remain in the range of 3440 to 3500. Further movement would depend on actual inventory data to be released at 9pm today. Expected inventory for crude oil is a gain of 1.5 million barrels.
Natural Gas
Natural Gas prices may remain in the range of 300 to 305. Market sentiment remains weak today, too. Further movement in prices would depend on actual inventory data to be released at 9pm today. Expected inventory for natural gas is a fall of 158 billion cubic feet.

Kapas April 2008
Can SELL Kapas at MCX around Rs. 475 - 74 for the likely target of Rs 472 - 471 with a Stop Loss at Rs. 476.5.