UPDATE

MARKET ALERT FOR MARKET OPENING MONDAY;

THE MOST CRITICAL FACTOR IS THE WEAKENG OF

THE RUPPE AND PRICES OF CRUDE WILL FACTOR THIS

RATE, THE TALK IS OF RUPPEE EDGING

TOWARDS 52RS / $.

updqate

MARKET ALERT AT 5.30 PM

SELL MCX MARCH CRUDE AT 2235, TGT 2190

SL 2267

UPDATES

TECHNICALS FOR NYMEX TRADING FEB 27

MCX MARCH CRUDE

SUPPORTS ; 2220, 2140, 2080

RESISTANCES ; 2280, 2330, 2380

FOLOW CALLS INOUR BLOG

update

MARKET ALERT AT 2 PM

TRADERS HOLDING SHORTS IN CRUDE

REVISE SL 2262 FOR TGTS 2200, 2185.

update

MARKET ALERT AT 1.30 PM

MCX MARCH CRUDE CMP 2250, LIKELY

TO MOVE DOWN AND TEST 2200 LEVELS, RESISTANCE

AT 2287.

UPDATES

TECHNICALS FOR FEB 27

MCX MARCH CRUDE

TREND ; BULLISH INTRADAY

SUPPORTS ; 2195, 2140,2080

RESISTANCES ; 2260, 2310, 2355

HOLD LONGS INTRADAY

UPDATE

MARKET ALERT AT 9 AM FEB27

RUPPEE OPENS AT RECORD LOW AGAINST DOLLAR

AT 50.66.

UPDATES

TECHNICALS FOR NYMEX TRADING FEB 26

MCX MARCH CRUDE

TREND ; SIDEWAYS

SUPPORTS ; 2130, 2080, 2020

RESISTANCES ; 2180, 2230, 2280

WAIT FOR CONFIRMATION

UPDATE

MARKET ALERT AT 4.30 PM

MCX MARCH CRUDE CMP 2185, BOOK

FULL PROFITS IN OUR BUY CALL AT

2150.

UPDATE

MEDIUM TERM TARGET FOR CRUDE IS 2325

SUPPRT IS STRONG AT 2075.

UPDATE

MARKET ALRT AT 1.30 PM

MCX MARCH CRUDE CMP 2150

SL 2119, TGT 2195.

update

INR @ 50.43!!!!!!!!!

MARKET ALERT ON FEB 25 WEDNESDAY 9.05 PM IST

Crude oil + 0.7 MNBRLS Expected 1.4 mnbrls

Gasoline _ 3.4 mnbrls Expected _ 0.1 mnbrls

UPDATES

MARKET ALERT AT 5 PM FEB 25

MCX MARCH CRUDE HAS RESISTANCE AT 2069,

AND SUPPORTS 1983 AND 1967.

UPDATES

TECHNICALS FOR NYMEX TRADING FEB25

MCX MARCH CRUDE

TREND ; BEARISH

SUPPORTS ; 1980, 1930, 1860

RESISTANCES ; 2040, 2080, 2130

WAIT FOR CALLS

UPDTE

MARKET ALERT AT 2 .10 PM

MCX MARCH CRUDE CMP 2001, IS LIKELY

TO TEST 2060 LEVELS, SUPPPORT AT 1975.

UPDATE

MARKET ALERT AT 1 PM

MCX MARCH CRUDE CMP RS. 1990, IS MOVING

UP AND IF TREND CONTINUES MAY TEST RESISTANCE

2030, SUPPORT NOW AT 1960.

UPDATE

MARKET ALERT AT 1.15 AM

MCX MARCH CRUDE : TRADERS MAY GO SHORT

AT 1990 LEVELS, TGT 1960, 1940, STRICT SL

2015.

UPDATES

TECHNICALS FOR FEB 25

MCX MARCH CRUDE

TREND ; BEARISH

SUPPORTS: 1900, 1865,1815

RESISTANCES : 1970, 2010,2045

STAY SHORT

UPDATE

MARKET UPDATE AT 8 AM FEB 25

1. DOW UP 3 % LAST NIGHT AFTER OBAMA'S

SPEECH.

2. COPPER UP THIS MORNING BY $ 55

3. WATCH OUT FOR RUPPEE DOLLAR PARITY

AT OPENING THIS MORNING .

4. GOLD UP MARGINALLY AT $ 964

5. CRUDE HOLDING ABOVE $ 40.

6. TAX CUTS FROM APRIL 1

UPDATE

UPDATE FOR CLOSING FEB 24

MCX MARCH CRUDE CLOSING RATE FOR

FEB 24 WAS RS. 1932.

update

MARKET ALERT AT 10 AM FEB 24

MCX MARCH CRUDE ; BOOK PROFITS IN

MARCH CRUDE AT 1920 - 1916 ( SHORTS ADVISED

AT 1945) . WAIT FOR FRESH ENTRIES.

MARKET ALERT ON FEB 24 TUESDAY 9.00 PM IST

As forecasted earlier crude is now at Rs 1905.

Low risk traders can book profit others hold cost

as trailing stop loss for further target of Rs 1880.

MARKET ALERT ON FEB 23 TUESDAY 8.45 PM IST

As alerted earlier crude tested Rs 1908.

We had informed that it could test Rs

1905.

MARKET ALERT ON FEB 24 TUESDAY 8.30 PM IST

Traders holding long positions are advised to exit as

it looks like it could test lower levels of Rs 1905.

CMP RS 1940

MARKET ALERT ON FEB 24 7.40 PM IST

MCX March crude is expected to test Rs 1990,

if it sustains above Rs 1918.

Buy is recommended around Rs 1945 to 1950.

MARKET ALERT ON FEB 24 6.35 PM IST

Traders are advised to exit from our long

call in crude as it is unable to break

resistance.

Wait for fresh entries.

TECHNICALS FOR EVENING NYMEX TRADE FOR FEB 24 2009

FEB 24 TUESDAY

TRADING LEVELS FOR EVENING NYMEX TRADE

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 1900 , S2 RS 1860 , S3 RS 1810

R1 RS 1960 , R2 RS 2020 , R3 RS 2060

WAIT FOR CONFIRMATION.

MARKET ALERT ON FEB 24 TUESDAY 4.30 PM IST

MCX March crude is expected to test Rs 1990,

if it sustains below Rs 1889.

Buy is recommended around Rs 1925 to

Rs 1930.

UPDATES

Market Alert At 12:42 PM
Crude oil CMP AT 1910
SUPPORT AT 1890 AND RESISTANCE 1955 LEVELS

UPDATE FOR FEB 24

A MOST LOOKED FORWARD EVENT TO NITE IN THE US

IS THE SPEECH BY PRESIDENT OBAMA AS TO HOW HE

PLANS TO TAKE STEPS TO REWAMP AND RESCUE THE ECONOMY.

THE MARKET WOULD TAKE NEXT DIRECTION AFTER THIS.

UPDATES ON FEB 24 2009

FEB 24 TUESDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 1910 , S2 RS 1860 , S3 RS 1810

R1 RS 1960 , R2 RS 2020 , R3 RS 2060

STAY SHORT AT RESISTANCE.

US Crude settled at $ 38.44 a barrel down $ 1.59.

London Brent Crude settled at $ 40.99 a barrel down 90

cents.

The commodity for trade under the MCX India ended at

Rs 1958 levels.

Crude settled below $ 39 a barrel on concerns over the

health of the world economies and the fall in the subsequent

demand levels.

The prices were also weighed down as US stocks dropped

dragged about the uncertainity about the Government's

latest plans to rescue banks.

Crude for trade umder the Nymex might see support at $ 37

while the resistance for the same can be seen at $ 39.

UPDATES

STRONG ABOVE & WEAK BELOW LEVELS

(BOTH ON SUSTAINING BASIS) --GOLD 15792,

SILVER 23382, CRUDE OIL 1990, COPPER 160,

ZINC 54, NICKEL 474 & LEAD 50.65

UPDATE

MARKET ALERT AT 9.45 AM FEB 24

MCX CRUDE TO OPEN SHARPLY LOWER!!!!!!

UPDATE

MARKET ALERT AT 7.45

MCX MARCH CRUDE CMP 2070, TRDAERS HOLDING

LONGS BOOK PROFITS OR TRAIL STOP LOSS

TO COST.

Crude oil rose to an eight-day high as the

Organization of Petroleum Exporting Countries

signaled its resolve to support prices by

reducing supplies.

The 11 members of the OPEC bound by quotas

will cut supplies 3.8 percent to 25.3 million

barrels a day in February, according to

consultant PetroLogistics Ltd. The group may cut

production further when it meets next on March

15, Algerian oil minister Chakib Khelil said.

Oil supply from 11 OPEC members will average

25.3 million barrels a day in February, down

from 26.3 million barrels a day in January,

Conrad Gerber, founder of PetroLogistics, said

today. Members have a quota of 24.845 million

barrels a day.


Iran, Venezuela and Iraq said last week that OPEC

is prepared to cut production again when it meets

on March 15. The group agreed Dec. 17 on output

constraints that would reduce supplies in January

by 2.2 million barrels a day from December levels.

That followed pledges to remove 2 million barrels

a day in the fourth quarter of last year.

UPDATE

MARKET ALERT AT 7.30 PM AT FEB 23

MCX MARCH CRUDE OIL CMP RS. 2035, LIKELY

TO TEST 2090, SUPPORT AT 2000.

OPEC CUT IN OUTPUT LIKELY TO BE ANNOUNCED

SHORTLY.

UPDATE

UPDATE

NTERNATIONAL CRUDE OPENS AT $ 40.

INDIAN MCX MARKETS OPEN AT 5 PM TODAY.

UPDATE

MARKET ALERT AT 9.50 PM

MCX MARCH CRUDE CMP 1942 BOOK PARTIAL

PROFITS OR TRAIL STOP LOSS TO COST

IN OUR SELL CALL AT 1990.

update

MARKET ALERT AT 9 PM

SELL CRUDE MARCH MCX 1990, SL 2019

T1 1938 T2 1905.

UPDATES

TECHNICALS FOR NYMEX TRADING

MCX MARCH CRUDE OIL

TREND

SHORT TERM SIDEWAYS

LONG TERM BEARISH

SUPPORTS : 1915, 1885, 1835

RESISTANCE : 1995 , 2016 , 2054

WAIT FOR CONFIRMATION.

UPDATE

MARKET ALERT AT 1.30 PM

MCX MARCH CRUDE OIL CMP RS. 1975, IS

LIKELY OT TEST 2015, 2030 LEVELS,

SUPPORT NOW SEEN AT RS. 1950.

UPDATES ON FEB 20 2009

FEB 20 FRIDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 1956 , S2 RS 1910 , S3 RS 1870

R1 RS 2030 , R2 RS 2075 , R3 RS 2115

STAY LONG FOR INTRA DAY

US Crude futures for March delivery fell to $ 38.90

a barrel while the London Brent for April delivery

dropped 55 cents to $ 41.44 a barrel.

The commodity for trade under MCX India last traded

at Rs 2125 levels.

Oil prices jumped 14 % to top $ 39 a barrel after US

Government data showed an unexpected fall in crude

inventories last week due to lower import and

higher demand.

Crude under the Nymex might see support at $ 37 and

resistance for the same may be seen at $ 41 levels

respectively.




\

THOUGHT FOR THE DAY

Har phool ki ajab kahani hai, chup rehna

bhi pyar ki nishani hai, kahin koi zakhm

nai phir bhi kyun dard ka ehsas hai, lagta

hai dil ka ek tukda aaj bhi uske paas hai.....

MARKET ALERT ON FEB 19 THURSDAY 9.35 PM IST

Crude inventory down 0.2 mb barrel.

MARKET ALERT ON FEB 19 THURSDAY 9.10 PM

Crude oil inventory is expected to be plus 3200 k

MB.

MARJET ALERT ON FEB 19 9.05 PM IST

As forecasted earlier MCX March Crude achieved

target of Rs 1906.

Our sell call was initiated at RS 1930.

Book 100 % profit.

update

MARKET ALERT AT 8.30 PM

SELL CRUDE MARCH @ 1930, SL 1945

TARGET 1890.

update

MARKET ALERT AT 8.30 PM

SELL CRUDE MARCH @ 1930, SL 1945

TARGET 1890.

update

MARKET ALERT AT 8.30 PM

SELL CRUDE MARCH @ 1930, SL 1945

TARGET 1890.

UPDATE

MARKET ALERT AT 7 PM

MCX MARCH CRUDE HAS SUPPORT AT RS. 1910,

AND RESISTANCES AT 1965 AND 1975.

UPDATES

TECHNICALS FOR NYMEX TRADING FEB 19

MCX MARCH CRUD EOIL

TREND ; RANGE BOUND

SUPPORTS ; 1905, 1875, 1830

RESISTANCES ; 1955, 1980, 2010

WAIT FOR CALL.

UPDATE

MARKET ALERT AT 3.45 PM FEB 19

MCX MARCH CRUDE CMP 2034, TRADERS HOLDING

LONGS AR PER OUR BUY CALL MAY BOOK

PROFITS, TREND BULLISH UPTO 2060.

MARKET ALERT ON FEB 19 3.00 PM IST

As forecasted earlier Crude is now at Rs 1911.

Traders holding lond as per our buy call can

book partial profit or trail stop loss to cost

for further target of Rs 1963.

UPDATE

MARKET ALERT AT 1 PM FEB 19

BUY MCX MARCH CRUDE 1890 LEVELS, SL 1875

TGT 1918.

UPDATES ON FEB 19 2009

FEB 19 THURSDAY

SHORT TERM TREND ; BEARISH

LONG TERM TREND ; BEARISH

S1 RS 1860 , S2 RS 1815 , S3 RS 1780

R1 RS 1918 , R2 RS 1954 , R3 RS 1985

STAY SHORT AT RESISTANCE.

US Crude for March delivery slipped 31 cents to settle

at $ 34.62 a barrel , while US Crude for April

delivery fell $ 1.13 to $ 37.41 and London Brent

for April delivery fell $ 1.48 to 4 39.55.

The commodity for March expiry under MCX India last

traded at Rs 2031 levels.

Oil fell nearly 1 5 to nearly $ 35 a barrel on slump

in fuel demand from top consumer the United States

which could see crude inventories rise to a 11

year high for eight straight week.

Crude oil for trade under the Nymex could see

support at $ 33 and resistance for the same could

be seen at $ 35 .

THOUGHT FOR THE DAY

Tumhara hamara rishta to aankhon aur palkon

jaisa hai, Agar palak kuch der na jhapke to

aankh ro deti hai... Aur agar aankh mein

kuch chala jaye to palak tadap uthti hai...:)

UPDATE

MARKET ALERT AT 9 AM

RUPPEE OPENS AT RS. 49.91 / $.

UPDATE

MARKET ALERT FOR FEB 19

POINTS TO WATCH TODAY

1. WEEKLY INVENTORY

2. CONTRACT SETTLEMENT IN NEW YORK ON FRIDAY

MARKET ALERT ON FEB 18 8.55 PM IST

As forecasted earlier MCX March Crude is now at Rs

1883.

Low risk traders can book profit.

Others hold with cost as trailing stoploss for the

target of Rs 1850.

MARKET ALERT ON FEB 18 8.20 PM IST

MCX March Crude oil is expected to test Rs 1850

if it sustains below Rs 1940.

Sell is recommended in the range of Rs 1905

to Rs 1910.

Crude Oil Forecast: Continuation oil prices are

expected to fall at least to $32.50, which is

technical support from a rising trendline drawn

off the 1998 & 2001 lows. CLH9 first notice day

is Feb 24th. The trendline has been tested on two

occasions previously, but the renewed slide in equity

prices should push crude oil lower, in our opinion.

Fundamental pressure will come from another round

of weakness on the U.S. economic front, continued

builds in U.S. oil inventories, and the still
\
relatively wide contango in Nymex futures. Best

to trade crude oil from the short side at least

down to $32.50. The crack spread and long gasoline/short

heating oil should also be favorable, as gasoline

inventories have declined to tight levels amid

several refinery shutdowns.

UPDATE

MARKET ALERT AT 4 PM FEB 18

MCX MARCH CRUDE RS. 1938, IS LIKELY TO TEST

RS. 2000 LEVELS, SUPPORT IS AT RS. 1908.

UPDATES

TECHNICALS FOR NYMEX TRADING FEB 18

MCX MARCH CRUDE OIL

SHORT AND MEDIUM TREND ; BEARISH

SUPPORTS ; 1910, 1860, 1810

RESISTANCES ; 1945, 1990, 2030

BE ON SELL SIDE

UPDATES ON FEB 18 2009

FEB 18 WEDNESDAY

SHORT TERMN TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 1920 , S2 RS 1880 , S3 RS 1835

R1 RS 1988 , R2 RS 2015 , R3 RS 2056

STAY SHORT AT RESISTANCE.

US Crude for March delivery settled at $ 34.93

a barrel down $ 2.58 from Fridays close.

London Brent Crude for April delivery dropped $ 2.25

to settle at $ 41.03 a barrel.

The commodity for March expiry under MCX India last traded at

2110 levels.

Crude fell nearly 7 % to below $ 35 a barrel on Tuesday as

grim economic indicators and rising stock piles raised

concerns over slumping demand.

Factory activity in Newyork state fell to a record low

in February with new orders and employment falling

sharply as the US recession deepened.

Crude has support at $ 33 and then at $ 31.

Resistance for the same can be seen at $ 35 and $ 37.

THOUGHT FOR THE DAY

"Happiness is not a brilliant climax

to years of grim struggle and anxiety. It

is a long succession of little decisions

simply to be happy in the moment.”

UPDATE

MARKET ALERT AT 10 PM FEB17

MCX MARCH CRUD EOIL CMP RS. 1963, LIKELY

TO TEST UPTO RS. 1900, SL 2000.

UPDATE

MARKET NEWS

CLSA A LEADING BROKING HOUSE INTERNATIONALLY

HAS PROJECTED THAT IF CRUDE PRICE CUTS BELOW

$ 35, IT IS LIKELY TO TEST $ 20 !!!!!!!

update

MARKEY ALERT AT 7. 45 PM

MCX MARCH CRUDE : CMP RS. 1965, TRADERS

HOLDING SHORTS BOOK PROFITS AND WAIT FOR

FRESH ENTRIES.

update

MARKEY ALERT AT 7. 45 PM

MCX MARCH CRUDE : CMP RS. 1965, TRADERS

HOLDING SHORTS BOOK PROFITS AND WAIT FOR

FRESH ENTRIES.

UPDATES

MARKET ALERT AT 6.45 PM FEB 17

MCX MARCH CRUD EOIL CMP RS. 2000,

TRADERS HOLDING SHORTS BOOK PROFITS

OR TRAIL STOP LOSS TO COST.

UPDATE

MARKET ALERT AT 4 PM FEB 17

MCX MARCH CRUDE SEEMS TO BE HOLDING

AT CURRENT LEVELS, RS. 2045, SUPPORT IS

NOW AT 2015, AND RESISTANCE 2100.

UPDATE

MARKET ALERT AT 2 PM FEB 17

SELL MCX MARCH CRUDE OIL AT 2028 - 32,

SL 2061, TGT 1988/ 1964.

UPDATES

TECHNICALS FOR FEB 17

MCX MARCH CRUDE OIL

SHORTTERM : BEARISH

LONG TERM : BEARISH

SUPPORTS ; 2005, 1975,1930

RESISTANCES ; 2058,2085, 2110

STAY SHORT AT RESISTANCES

update

MCS MARCH CRUDE OIL OPENS AT $ 36.85

DOWN 80 CENTS FROM LAST NIGHT.

MARKET ALERT ON FEB 16 3.15 PM IST

MCX March Crude Oil is expected to test Rs 2130,

if it sustains above Rs 2080.

CMP Rs 2078

UPDATE

The Organization of Petroleum Exporting Countries

Friday made further downward revisions to its global

oil demand estimate in 2009, citing the deepening

economic crisis for its bearish outlook.


The group of oil exporters revised 2009 world oil demand

down by 400,000 barrels a day, to 85.1 million barrels


a day, 600,000 barrels a day lower than in 2008.

UPDATE

US MARKETS CLOSED MONDAY FEB16

UPDATES

TECHNICALS FOR MARCH CRUDE OIL

FEB 16

MCX MARCH SILVER

SHORT TERM ; BEARISH

LONG TERM : BEARISH

SUPPORTS 2060, 2010,1960

RESISTANCES ; 2110, 2160,2210

STAY SHORT AT RESISTANCES

UPDATE

MARKET ALERT AT 10 .20 PM FEB 13

MC XMARCH CRUD E CMP RS.2035, BOOK PARTIAL

PROFIT OR TRAIL STOP LOSS TO COST, IN OUR

SELL CALL AT RS. 2060.

MARKET ALERT ON FEB 13 FRIDAY 9.55 PM IST

MCX March crude is expected to test Rs 2000,

if it sustains below Rs 2100., cmp RS.2075.

UPDATE

TECHNIALS FOR NYMEX TRADING FEB 13

MCX MARCH CRUDE OIL

SHORT TERM ; BEARISH

LONG TERM ; BEARISH

SUPPORTS ; 2056, 2010, 1960

RESISTANCES ; 2110, 2160, 2210

STAY SHORT AT RESISTANCES

Market alert on feb 13 frday

MCX March Crude is expected to test Rs 2045,

if it sustains below Rs 2095.

Sell is recommended around Rs 2080 levels.

UPDATES ON FEB 13 2009

FEB 13 FRIDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 2056 , S2 RS 2025 , S3 RS 1985

R1 RS 2130 , R2 RS 2185 , R3 RS 2220

STAY SHORT AT RESISTANCE.

US Crude dropped nearly $ 1.96 o settle at $ 33.98

barrel , the lowest since Dec 19.

The commodity for trade under the MCX India ended at

Rs 2078 levels.

Crude fell 5.5 % to settle at the lowest point in 2

months , dragged down by swelling crude stocks in the

United States and concerns over the health of the

global economy.

Crude under the Nymex might find support at $ 33

and the resistance for the smae can be seen at $ 35.

MARKET ALERT ON FEB 11 THURSDAY 8.10 PM IST

MCX Feb Crude is expected to test Rs 1640,

if it sustains below Rs 1758.

Sell is advised in the range of Rs 1715 to 1725

CMP Rs 1715

UPDATE

MARKET GOSSIP

CRUDE WILL GET TO RS. 1650 LEVELS BEFORE

SETTLEMENT OF CONTRACT.

UPDATE

Outlook


We continue to remain bearish on the commodity

targeting $35 - $30 for NYMEX March contract

in the coming session. On MCX we expect price

to test Rs 1750-1700 in today’s session for

MCX February contract.

UPDATE

MARKET ALERT AT 4 PM FEB 12

MCX MARCH CRUDE OIL CMP RS. 1726, BOOK

PARTIAL PROFIT OR TRAIL STOP LOSS TO COST,

( OUR SELL CALL AT RS. 1751).

UPDATES

TECHNICALS FOR NYMEX TRADING FEB 12

MCX MARCH CRUDE OIL

SHORT TERM ; BEARISH

LONG TERM : BEARISH

SUPPORTS ; 2060, 1980, 1910

RESISTANCES ; 2130, 2185, 2220

STAY SHORT AT RESISTANCES

UPDATE

MARKET ALERT AT 2,40 PM FEB 12

MCX FEB CRUD EOIL CMP RS. 1753, IS LIKELY

TO TEST RS. 1710, STOP LOSS 1782.

UPDATES

TECHNICALS FORFEB 12

MCX MARCH CRUDE

SHORT TERM : BEARISH

LONG TERM : BEARISH

SUPPORTS :2105,2070, 2026

RESISTANCES : 2156, 2180, 2220

STAY SHORT AT RESISTANCES

UPDATE

MARKET ALERT AT 9 PM

SELL FEB CRUDE AT RS. 1825 , TARGET RS. 1750,

STOP LOSS 1860.

UPDATE

CRUDE OIL INVENTORY PLUS 4.7 MBL

( EXPECTED PLUS 3.1 MBL)

UPDATES

TECHNICALS FOR NYMEX TRADING FEB11

MCX FEB CRUDE

SHORT TERM : BEARISH

LONG TERM ; BEARISH

SUPPORTS ; 1830, 1760, 1710

RESISTACES ; 1890, 1930, 1980

SELL AT RESISTANCES

UPDATE

Crude oil was trading in the range which got

narrower day by day. The range in which it was

trading is $42-$39. This range was broken on

the downside in yesterday’s session as NYMEX

March contract closed at $37.55. We continue to

remain bearish on the commodity targeting $35

for NYMEX March contract in the coming session.

On MCX we expect price to test Rs 1850-1800 in

today’s session for MCX February contract.

UPDATE

TECHNICALS FOR FEB 11

MCX FEB CRUDEOIL

SHORT TERM: BEARISH

LONG TERM : BEARISH

SUPPORTS ; 1875,1830, 1800

RESISTANCES ; 1945, 1980, 2020

STAY SHORT AT RESISTANCES

UPDATE

MARKET UPDATE FEB 10



Oil prices fell 5 percent on Tuesday to below $38

a barrel after the U.S. government revised its oil


demand forecasts lower and on concerns the U.S. stimulus

plan unveiled by the Obama administration will not

stem the recession.


The U.S. Senate voted to pass an $838 billion


economic rescue plan, setting the stage for tough


negotiations over the final size and scope of spending

and tax cuts aimed at reversing the deep recession.

U.S. crude fell $2.01 to settle at $37.55 a barrel. London

Brent settled down $1.41 at $44.61 a barrel.


The U.S. Energy Information Administration revised

down its 2009 global oil demand forecast by 400,000

barrels per day from the previous outlook, predicting

demand will fall by 1.17 million bpd this year from

2008 levels.

UPDATES

MARKET ALERT AT 6 PM FEB 10

MCX CRUDE OIL : OUR BULLISH MOMENTUM

ANTICIPATED IN BOTH FEB AND MARCH CONTRACTS;

BOOK PARTIAL PROFITS OR TRAIL STOP LOSS TO

COST. CMP FEB ; RS. 2000: MARCH ; RS. 2297.

UPDATES

TECHNICALS FOR NYMEX TRADING FEB10

MCXFEB CRUDE OIL

SHORT TERM : BEARISH

LONG TERM : BEARISH

SUPPORTS ; 1950, 1910, 1860

RESISTANCES ; 2005, 2045, 2080

STAY SHORT AT RESISTANCES

UPDATE

Market Snapshot:


* Gold little changed as traders await today's

decision on the U.S stimulus package.*

Crude falls below $40 as the markets trade over

what would be the impact of the $800 billion stimulus

package on the demand of the oil.

* Copper falls over demand concerns even as the

fate of the U.S rescue package weighs on the market.*

INR steady on gains in the local share market even

as a stronger dollar played in the back drop.

UPDATE

MARKET ALERT AT 4 PM FEB 10

MCX FEB CRUDE OIL IS BULLISH

ABOVE RS. 1966, AND COULD TEST RS. 2025

LEVELS, SUPPORT IS AT RS. 1942.

UPDATE

MARKET ALERT AT 4 PM FEB 10

MCX MARCH CRUDEOIL IS BULLISH

ABOVE 2260, SUPPORT IS AT RS. 2235,

AND LIKELY TO TEST RS. 2300, 2325,

2345.

UPDATE

MARKET ALERT AT 2.30 PM FEB 10

MCX FEB COPPER ; CMP RS. 1942, LIKELY

TO TEST RS. 1892, RESISTANCE IS AT RS.1966.

UPDATE

MARKETALERT AT 11AM

MCX CRUDE HAS SUPPORT AT RS.1920 AND RESISTANCE

AT RS. 1970 AND 1990.

UPDATE

MARKET ALERTAT10.30AM

MCX FEBNICKEL HAS RESISTANCE AT RS.566

AND SUPPORTS AT RS. 555 AND 551.

UPDATE

TECHNICALS FOR FEB 10

MCX FEB CRUDEOIL

SHORT TERM : BEARISH

LONG TERM : BEARISH

SUPPORTS ; 1960, 1910,1860

RESISTANCES : 2010,2060, 2090

STAY SHORT AT RESISTANCES

UPDATE

MARKET ALERT AT 10.30 PM FEB 9

MCX FEB COPPER CMP RS. 173.50: TRADERS

HOLDING SHORTS PLEASE EXIT AS PRICE UNABLE

TO BREAK SUPPORTS.

UPDATE

MARKET ALERT

MCX FEB CRUDE OIL HAS HIT OUR TARGET RS.2020,

RECOMMENDED LONG AT 1957.

UPDATE

MARKET ALERT AT 7.45 PM FEB 9

MCX FEB CRUD EOIL : CMP RS. 2012, THOSE

HOLDING LONGS CAN BOOK PROFITS, ( WE HAD

FORECAST EARLIER AT RS. 1957 THAT CRUDE WOULD TEST

RS. 2020 LEVELS.

UPDATE

MARKET ALERT AT 6 PM FEB 8

MCX CRUDE FEB NOW RS. 1980, TRAIL STOP

LOSS TO COST OR BOOK PROFIT IN OUR BUY

CALL AT RS. 1957.

UPDATE

MARKET ALERT AT 3.30 PM FEB 9

MCX FEB CRUDE OIL CMPRS. 1958 HAS

SUPPORT AT RS. 1935 AND COULD RALLY AND

TEST RS. 2020 LEVELS.

UPDATE

UPDATE FRO FEB 9

CRUDE OILIS TRADING IN A RANGE

WHICH IS GETTING NARROWER BY THEDAY.

CURRENT TRADING RANGE IS $ 39TO 42.

BREAKOUT IS EXPECTED IN NEXT FEW TRADING SESSIONS.

PRICE IS TESTING $40 EVERY DAY AND A CLOSE BELOW

$ 40 CAN SEE CRUDE PRICE TESTING $ 35IN THE ENSUING

SESSIONS. THE TREND CONTINUES TOBE BEARISH IN

THIS WEEK ,AND TODAYWE CAN EXPECT A TESTING OF

RS. 1950 AND 1925LEVELS.

THIS WEEK IS THE SETTLEMENT FORTHIS CURRENT

CONTRACT AND HENCE TRADE WITH CAUTIONAND STOP LOSSES.

UPDATES ON FEB 9 2009

FEB 9 MONDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 1900 , S2 RS 1860 , S3 RS 1810

R1 RS 1960 , R2 RS 2010 , R3 RS 2060

STAY SHORT AT RESISTANCE.

UPDATES FOR WEEK ENDING FOR FEB 8 2009

Crude oil tested the $ 40 mark and closed at $ 41.

Prices are trading in the range of $ 40 to $ 50

in the last 15 trading sessions.

Prices have taken support at $ 40 mark but the bias seems

to be on the lowwr side.

Economic data of oil consuming countries continue to

be weak.

US jobless claim climbed to 26 year high at 626 K.

Unemployment rate is set to increase to 7.5 %.

BOE has cut the bench mark interest rate by 0.50 bps

to 1 % .ECB has kept its rates unchanged.

Dow Jones index closed firm yesterday and is at its

bottom or crucial support of 7882.

BOth equity and crude are at its crucial support.

Stocks of crude oil has gained again this week .

Stock is said to be 50 million barrels higher than last

year.

The clearance of $ 925 billion bail out package can also

revive the market sentiment.

But it is too early to be on the buy side.

Crude continues to look bearish.

OUTLOOK

Crude oil is trading in the range which is getting narrower by

the day .The current range in which it is trading is

$ 42 to $ 39.

Price is testing the $ 40 mark in almost every session.

A close below $ 40 could lead to a downside of $ 35

in the coming sessions.

We continue to remain bearish on the commodity targetting

$ 35 in the coming sessions.

MARKET ALERT ON FEB 6 FRIDAY 8.15 PM IST

As forecasted earlier MCX Feb crude achieved target of

Rs 1894.

Low risk traders book profit.

Other keep cost as trailing stop loss for further

target of RS 1869.

MARKET ALERT ON FEN 6 FRIDAY 7.10 PM IST

MCX Feb crude is expected to test Rs 1894 and

then Rs 1869 if it sustains below Rs 1989.

CMP RS 1945.

UPDATES

TECHNICALS FOR FEB 6

MCX FEB CRUDE OIL

SHORT TERM : SIDEWAYS

LONG TERM : BEARISH

SUPPORTS :1960, 1910, 1860

RESISTANCES : 2012,2060, 2110

STAY SHORT AT RESISTANCES

UPDATES ON FEB 6 2009

FEB 6 FRIDAY

US Crude settled 85 cents higher at 4 41.17 a barrel .

London Brent Crude rose $ 2.31 to settle at $ 46.46 a

barrel.

Oil price rose as part of a wider market rally on hopes

that Obama's administration plans to shore up

the financial system with an aid of $ 800 billion would

help bank to stem losses nad revive lending.

The prices wwere pressurised by weaker economic data from the

US ndn interest rate cut by the BOE increasing concerns

over falling consumption levelS.

Crude oil for trade under the Nymex might see support

at $ 37 and resistance for the same can be seen at $ 41

levels respectively.

UPDATE

MARKET ALERT AT 7 AM FEB 6

CRUDE OIL MARKET QOTING NOW AT $ 40.90,

APPROX AT SAME LEVELS AS LAST NIGHT.

WAIT FOR ADVICE.

MARKET ALERT ON FEB 5 THURSDAY 10.00 PM IST

Crude is trading in the range of RS 1940 TO

Rs 1980.

Either side break will rally the price.

UPDATES

TECHNICALS FOR NYMEX TRADING FEB 5

MCXZ FEB CRUDE OIL

SHORT TERM ; SIDEWAYS

LONG TERM ; BEARISH

SUPPORTS ; 1960, 1910, 1860

RESISTANCES ; 202, 2060, 2110

STAY SHORT AT RESISTANCES

UPDATES

MARKET ALERT AT 2 PM FEB 5

MCX FEB CRUDE OIL HAS STRONG SUPPORT

AT RS. 1960.

UPDATES

TECHNICALS FOR FEB 5

MCX FEB CRUDE OIL

SHORT TERM ; SIDEWAYS

LONG TERM ; BEARISH

SUPPORTS ; 1960, 1910, 1860

RESISTANCES ; 2012, 2060, 2110

WAIT FOR CONFIRMATION

MARKET ALERT ON FEB 4 WEDNESDAY 9.10 PM IST

MCX Feb Crude oil is expected to test Rs 1960,

if it sustains below Rs 2050.

CMP Rs 2015.

MARKET ALERT ON FEB 4 WDNESDAY 9.05 PM IST

EIA US Crude oil inventory data

Actual +7.2 mbrls

expected + 2.8 mbrls

Gasoline

Actual + 0.3 mbrls

Expected + 1.3 mbrls.

UPDATES

TECHNICALS FOR NYMEX TRADING FEB 4

MCX FEB CRUDE OIL

SHORT TERM ; BEARISH

LONG TERM ; BEARISH

SUPPORTS ; 1980, 1930, 1860

RESISTANCES : 2045, 2090, 2140

STAY SHORT AT SUPPORTS

UPDATES

MARKET ALERT AT 3.45 PM FEB 4

MCX FEB CRUDE OIL CMPRS.2002. LOW

RISK TRADERS HOLDING SHORTS EXIT

SHORTS.

MARKET ALERT ON FEB 4 WEDNESDAY 12.55 AM IST

MCX Feb crude oil is expected to test Rs 1945,

Resistance is seen at Rs 2030.

CMP Rs 1997

UPDATES

TECHNICALS FOR FEB 4

MCX FEB CRUDE OIL

SHORT TERM : BEARISH

LONG TERM : BEARISH

SUPPORTS : 1960, 1910, 1860

RESISTANCES : 2012, 2060, 2110

STAYSHORT AT RESISTANCES.

US light crude for March delivery rose 70 cents to settle at

$ 40.78 a barrel , while London brent rose 26 cents to

$ 44.08 a barrel .

Oil price rose after OPEC signalled it might deepen its

record output cut to help boost prices.

Oil's gain were encouraged by an uptick on the equities market

agfter better than expected US pending home sales data

boosted sentiment about the economy.

Crude oil traded under the Nymex might see support at

$ 37 levels and resistance for the same may be seen at

$ 41 levels.

UPDATE

MARKET ALERT AT 7.45 PM FEB 3

MCX FEB CRUDE OIL SEEMS BEARISH

LIKELY TO TEST RS. 1920, 1900 LEVELS,

SUPPORT AT RS. 1990. CMP RS.1960.

UPDATE

MARKET ALERT AT 5.30 PM FEB 3

MCX FEBC CRUD EOIL CMP RS.1972,BOOK

PROFITS IS OUR SELL CALL AND WAIT FOR

FRESH POSITIONS.

UPDATES

TECHNICALS FOR NYMEX TRADING FEB 3

MCX FEB CRUDE OIL

TREND ; SHORT RUN ; DOWNTREND

MEDIUM RUN : DOWN TREND

SUPPORTS ; 1955, 1905, 1865

RESISTANCES ; 2015, 2065, 2115

STAY SHORT AT RESISTANCES

UPDATE

MARKET ALERT AT 1.45 PM FEB 3

MCX FEB CRUDE OIL CMP RS.1985 APPEARS

WEAK AND MAY TEST RS. 1940 TO 1945 LEVELS , CURRENT

RESISTANCES SEEN AT RS.2012.

UPDATES

TECHNICALS FOR FEB 3

MCX FEB CRUDEOIL

SHORT TERM ; BEARISH

LONG TERM : BEARISH

SUPPORTS :2005, 1965,1915

RESISTANCES : 2040, 2070,2105

STAY SHORT AT RESISTANCES

updates

MARKET ALERT
AT 5.15 PM

MCX FEB CRUD EOIL : EXIT SHORTS AND WAIT

FOR NYMEX TO OPEN.

UPDATES

TECHNICALS FOR NYMEX TRADING FEB 2

MCX FEB CRUDE OIL

SHORT TERM ; BEARISH

LONG TERM : BEARISH

SUPPORTS ; 1960, 1910, 1840

RESISTANCES ; 2010, 2060, 2130

STAY SHORT AT RESISTANCES

updates

MARKET ALERT AT 3.45 PM

MCX FEB CRUDE HAS TESTED LOW RS. 1985,

IF SUSTAINS AROUND THESE LEVELS, COULT TEST

RS. 1965 LEVELS.

UPDATE

MARKET ALERT

MCX FEB CRUDE OIL HAS TESTED RS.1990

LEVEL AS FORECAST.

update

MARKET ALERT AT 3.15 PM

MCX FEB CRUDE OIL COULD TEST RS. 1990

TO 1985 LEVELS.

update

MARKET ALERT AT 2 20 PM

MCX FEB CRUDE OIL : THOSE HOLDING SHORTS

BOOK PARTIAL PROFITS AT RS. 2022 9 SHORT ADVISED

AT RS. 2042 TO 2045 ).

UPDATE

MARKET ALERT


MCX FEB CUDE OIL : CRITICAL RESISTANCE LEVEL

RS. 2078 TO 2080.

UPDATE

MARKET ALERT

MCX FEB CRUDE OIL SEEMS TO HE HOLDING AT

HIGHER INTRA DAY LEVELS, AND SEEMS TO

BE ON A REASONABLE UPSWING ONLY FOR A WEEKLY

POSITION AS SOME OPEC NEWS ALSO EXPECTED

SHORTLY.

UPDATE

MARKET ALERT AT 1. 30 PM FEB 2

MCX FEB CRUDE OIL SEEMS TO BE MOVING UP

AND DOWN, AND TREND NOT CLEAR AS YET.

MARKET GOSSIP IS GIVING SIGNALS BOTH WAYS,

TRADE WITH CAUTION AR NO CLARITY AS OF NOW.

MARKET ALERT ON FEB 1 MONDAY 12.20 PM IST

MCX Feb Crude oil is expected to test Rs 2005,

if it sustains below Rs 2067.

Sell is advised around Rs 2042 to 2045

levels.

UPDATE

MARKET ALERT

MCX FEB CRUDE OIL CMP RS. 2032, HAS STRONG

SUPPORTS At RS. 2015, AND COULD TESTRS. 2060

AND RS. 2090.

UPDATES

TECHNICALS FOR FEB 2

MCX FEB CRUDE OIL

SHORT TERM : BEARISH

LONG TERM : BEARISH

SHORT TERM : BEARISH

SUPPORTS ;2030, 1980, 1930

RESISTANCES : 2080, 2130, 2180

STAY SHORT AT RESISTANCES