CLOSING COMMENTARY FOR JULY 31 FRIDAY

Crude prices seen huge volatality in MCX. Prices

corrected till 3140 levels and rebounded again. Strong

res seen around 3270 - 3300. A close above 3250 seems

trend upwards again till 3350 lvels. A close above

3300 - 3330 on weekly basis is bullish.

Wait for confirmation for this levels.

Buy Crudeoil Aug between 3255 - 3260 SL below 3235 T1 3290 T2 33209

CLOSING COMMENTARY FOR JULY 29 THURSDAY

Crude oil prices went up sharply nearly 4% in MCX

from its bottom low and strong sup level of

3060 - 3080. Prices went up sharply towards 3250

which is the high of yesterday means that it may

be up trend again above 3250. Strong sup seen at

3150 levels.

Wait for confirmation.

MARKET ALERT ON JULY 29 THURSDAY 7.00 PM IST

MCX Aug crude T 1 Achieved at Rs 3150.

Buy was at Rs 3105 to 3110.

MARKET ALERT ON JULY 29 THURSDAY 6.45 PM IST

MCX Aug Crude approaching final Tgt Rs 3150 ,

book full profits between Rs 3145 to 3150.

MARKET ALERT ON JULY 29 THURSDAY 6.20 PM IST

MCX Aug crude now has support at Rs 3110

and Res can be seen at Rs 3165 levels

CMP Rs 3130

could test Res.

mkt alert at 5.20 pm july 30

Buy Crudeoil Aug between 3005 - 3110 SL below 3080 T1

3130 T2 3150

TECHNICALS FOR NYMEX TRADE FOR JULY 29 2009

JULY 29 THURSDAY

TRADING LEVELS FMOR NYMEX TRADE

S1 RS 3075 , S2 RS 3046 , S3 RS 3020

R1 RS 3148 , R2 RS 3180 , R3 RS 3215

WAIT FOR CONFIRMATION.

TECHNICALS FOR JULY 30

MCX AUGUST CRUDE

SUPP; 3075/3046/3010

RES: 3125/3156/3185

WAIT FOR CONFIRMATION

CLOSING COMMENTARY FOR JULY 29 WEDNESDAY

Crude prices fell more than 4 % in MCX as Inventories up

heavily. Prices broken all its sup of 3225 -3215 and now

near to its strong sup of 3080 - 3060. Below ths levels

prices expected to test 3000 levels. Buying could take

place at low levels.

Buy on dips advised.

Crude supplies up 5.1 mln brls Distillate stocks up 2.1 mln brls

TECHNICALS FOR NYMEX TRADE FOR JULY 29 2009

JULY 29 WEDNESDAY

TRADING LEVELS FOR NYMEX TRADE

S1 RS 3175 , S2 RS 3158 , S3 RS 3120

R1 RS 3225 , R2 RS 3256 , R3 RS 3280

WAIT FOR CONFIRMATION.

MARKET ALERT ON JULY 29 WEDNESDAYY 12.20 PM IST

MCX Aug Crude T2 achieved at Rs 3195

sell was recommended at Rs 3240 .

MARKET ALERT ON JULY 29 WEDNESDAY 12.10 PM IST


MCX Aug Crude T 1 achieved at Rs 3210 ,

Low risk traders can book full profits.

Sell wass recommended at Rs 3240 to 3244 levels.

MKT ALERT AT 12 NOON JULY 29

MCX AUG CRUDE OIL: WEAK BELOW 3230 AND CLD TEST

3210/3195 LEVELS , RES ABOVE 3260.

mkt alert at 10.30 am july 29

MCX AUGUST CRUDE IS WEAK BELOW 3240 TO 3244

LEVELS AND CLD TEST 3210/3195 LEVELS, RES SEEN

ABV 3267.

MARKET ALERT ON JULY 29 WEDNESDAY 10.15 AM IST

MCX A ug Cride looks weak below Rs 3225

support is seen at Rs 3180 / 3140

Res is seen at Rs 3257.

UPDATES FOR JULY 29 2009

JULY 29 WEDNESDAY

S1 RS 3210 , S2 RS 3180 , S3 RS 3146

R1 RS 3275 , R2 RS 3305 , R3 RS 3338

WAIT FOR CONFIRMATI0N.

CLOSING COMMENTARY FOR JULY 28 TUESDAY 9.30 PM IST

Crude prices fell as sentiment overall is in correction.

Crude prices again trading its strong range of

3225 - 3300 levels. Medium term bullish upto

3350 - 3400 levels.

Buy on dips advised.

MARKET ALERT ON JULY 28 TUESDAY 2.00 PM IST

MCX Aug Crude is unable to break Res Rs 3325 to 3330.

If does not break these levels , cld retest

yesterdays lows Rs 3300 / 3290.

UPDATES

TECHNICALS FOR JULY 28

MCX AUGUST CRUDE OIL

SUPP: 3266/3230/3200

RES; 3338/3375/3410

WAIT FOR CONFIRMATION

CLOSING COMMENTARY FOR JULY 27 MONDAY

Crude prices went up earlier and eroded its gain at the

end. Crude trading above its strong res of 3275 levels.

A close above can make crude to sustain at higher

levels. Any break below this could again take this

to 3230 lvels.

Ovearll looks positive.

TECHNICALS FOR EVENING NYMEX TRADE FOR JULY 27 2009

JULY 27 MONDAY

TRADING LEVELS FOR NYMEX TRADE

S1 RS 3285 , S2 RS 3256 , S3 RS 3220

R1 RS 3338 , R2 RS 3375 , R3 RS 3410

WAIT FOR CONFIRMATION.

mkt alert at 11.30am july 27

High Risk - Buy Crudeoil Aug between 3310 - 3315 SL below

3280 T1 3345 T2 3360

TECHNICALS FOR JULY 27

MCX AUG CRUDE

SUPP: 3266/3235/3201

RES: 3310/3340;3375

PREFER LONGS AT SUPPORTS

CLOSING COMMENTARY FOR JULY 24 FRIDAY

Crude prices are highly range bound between its strong

Res of Rs 3275 and strong support if Rs 3225.

Buying comes at lows.Either side break out and close could

decide upcoming trends.

Short term looks bullish till Rs 3300.

Wait for confirmation.

MARKET ALERT ON JULY 24 FRIDAY 1.50 PM IST

MCX Aug Crude low risk traders book profits between

Rs 3273 to 3275 (Buy given above Rs 3260) .

MKT ALERT AT 12 NOON JULY 24

Buy Crudeoil Aug above 3260 SL below 3225 T1 3290 T2 3320

MKT ALERT AT 11 AM JULY 23

MCX AUG CRUDE UPDATE: LOOKS BULLISH ABOVE

3245 LEVELS AND CLD TEST 3270/3280 LEVELS SUPPORT BELOW 3210.

UPDATES

TECHNICALS FOR AUGUST CRUDE OIL JULY 24

SUPP; 3215/3193/3176

RES; 3265/323301/3345

WAIT FOR CALLS

TECHNICALS FOR NYMEX TRADE FOR JULY 23 2009

JULY 23 THURSDAY

TRADING LEVELS FOR EVENING NYMEX TRADE

S1 RS 3156 , S2 RS 3115 , S3 RS 3090

R1 RS 3193 , R2 RS 3225 , R3 RS 3260

WAIT FOR CONFIRMATION.

MKT ALERT AT 5.20 PM JULY 23

MCX JULY CRUDE IS HOLDING AT 3165 AND

ABOVE AND SUPPORT SEEN AT 3135 AND RES 3193/3210.( LEVELS)

MKT ALERT AT 4 PM JULY 22

MCX AUG CRUDE IS WEAK BELOW 3160 , WITH

RES ABOVE 3195, AND CLD TEST 3130/3110

( LEVELS ONLY) HIGH RISK TRADERS CAN OPERATE

WITH THESE LEVELS.

UPDATES FOR JULY 23 2009

JULY 23 THURSDAY

S1 RS 3156 , S2 RS 3115 , S3 RS 3090

R1 RS 3193 , R2 RS 3225 , R3 RS 3260

WAIT FOR CONFIRMTION.

CLOSING COMMENTARY FOR JULY22

Crudeoil prices seems a range bound activity with

positive bias. Buying comes from every lows. Range

seen between 3120 - 3180. A close above 3210 would

confirm bullish trend. Any way a positive close above

3160 seems bullish. Strong sup seen at 3110 - 3100.

MKT ALERT AT 8.45 PM JULY 22

MCX JULY CRUDE : NEXT RES 3190/3210 OVERALL

TREND UP IF CLOSES ABOVE THESE LEVELS.CMP 3190.

Update: US C.oil inventories data: Down:1.8Mbrls (Exp: Down:2.1 Mbrls)

TECHNICALS FOR NYMEX TRADE FOR JULY 22 2009

JULY 22 WEDNEDAY


S1 RS 3135 , S2 RS 3103 , S3 RS 3070

R1 RS 3193 , R2 RS3225 , R3 RS 3260

WAIT FOR CONFIRMATION.

MARKET ALERT ON JULY 22 WEDNESDAY 7.10 PM IST

MCX July crude cls test Rs 3095 levels

Res seen at Rs 3150.

cmp Rs 3122.

EXP CRUDE INVENTORY : CRUDE DOWN 2.1 MB, GASOLINE UP

.8 MB; DISTILLATE UP 1.5 MB; ACTUAL DATA AT 8 PM. JULY 22

MARKET ALERT ON JULY 22 WEDNESDAY 1.10 PM IST

MCX JULY Crude looks weak below Rs 3158

it could test Rs 3135.

Res is seen above Rs 3175.

MARKET ALERT ON JULY 22 WEDNESDAY 10.30 AM IST

MCX July Crude oil looks bullish at CMP Rs 3163

it cld test Rs 3190 / 3220

support is seen below Rs 3125.

UPDATES FOR JULY 22 2009

JULY 22 WEDNESDAY

S1 RS 3135 , S2 RS 3103 , S3 RS 3070

R1 RS 3193 , R2 RS 3225 , R3 RS 3260

WAIT FOR CONFIRMATION.

CLOSING COMMENTARY FOR JULY 21 TUESDAY



Crudeoil prices not sustaining at strong res of

3210 - 3230. A break above 3225 can take crude

prices testing 3300 - 3350 levels.

Buy on dips advised.

JULY CRUDE ETRADING ABOVE RES 3165, CMP 3167,

LOWRISKTRADERS EXIT TRADES BETWEEN 3160 TO 3165.

mkt alert at 10.45 am july 21

Sell Crudeoil Aug between 3145 - 3150 SL

above 3175 T1 3105 T2 3080

TECHNICALS FOR JULY 21

MCX AUG CRUDE

SUPP: 3120/3070/3047

RES: 3188/3216/3260

PREFER LONGS AT SUPPORTS

Crude oil prices in side ways. Prices went up nearly its

strng res of 3200. Pivot seen at 3150 where it will decide

further trend. Any way a positive close above 3160 could

be bullish.

MKT ALERT AT 8 PM JULY 20

MCX AUG CRUDE WEAK BELOW 3145 UPTO 3100/3095

LEVELS, RES ABOVE 3177.

TECHNIcals for nymex trading july 20

MCX AUG CRUDE OIL

SUPP: 3148/3119/3095

RES: 3217/3255/3296

WAIT FOR CALLS

UPDATES FOR JULY 20 2009

JULY 20 MONDAY

S1 RS 3125 , S2 RS 3085 , S3 RS 3046

R1 RS 3185 , R2 RS 3216 , R3 RS 3255

WAIT FOR CONFIRMATION.

MARKET ALERT ON JULY 17 FRIDAY 7.00 PM IST

MCX Aug Crude now has Res at Rs 3130

support is seen at Rs 3045.

CMP Rs 3090.

could test Res.

TTECHNICALS FOR NYMEX TRADE FOR JULY 17 2009

JULY 17 FRIDAY

TRADING LEVELS FOR NYMEX TRADE

S1 RS 3035 , S2 RS 3005 , S3 RS 2976

R1 RS 3076 , R2 RS 3098 , R3 RS 3127

WAIT FOR CONFIRMATION.

MKT ALERT AT 5.30 PM JULY 17

LOW RISK TRADERS EXIT LONGS IN CRUDE. CMP 3069.

MARKET ALERT ON JULY 17 FRIDAY 1.00 PM IST

MCX July crude oil looks strong above Rs 3075

it could test Rs 3110 / 3130

support is seen below Rs 3045.

UPDATES FOR JULY 17 2009

JULY 17 FRIDAY

S1 RS 3005 , S2 RS 2980 , S3 RS 2956

R1 RS 3056 , R2 RS 3080 , R3 RS 3120

WAIT FOR CONFIRMATION.

TECHNICALS FOR NYMEX TRADE FOR JULY 16 2009

JULY 16 THURSDAY

TRADING LEVELS FOR NYMEX TRADE

S1 RS 3018 , S2 RS 2990, S3 RS 2976

R1 RS 3056 , R2 RS 3080 , R3 RS 3120

WAIT FOR CONFIRMATION.

MARKET LERT ON JULY 16 THURSDAY 11.20 PM IST

MCX July crude could test Rs 3100/3120

support is seen below Rs 3040

Buy recommended in the range of Rs 3065 to 3070.

UPDATES FOR JULY 16 2009

JULY 16 THURSDAY

S1 RS 3025 , S2 RS 2990 , S3 RS 2975

R1 RS 3086 , R2 RS 3125 , R3 RS 3155

WAIT FOR CONFIRMATION.

MARKET ALERT AT 11.30 PM JULY 15

MCX AUGUST CRUDE IS VERY BULLISH CMP 3050, AND CLD TEST

BY TOMORROW 3100 TO 3130 LEVELS, SUPPORT NOW AT 3000/2980!!

HOLD LONGS.

CLOSING COMMENTARY FOR JULY 15 WEDNESDAY

Crude oil prices seen a mixed trend as inventories

and closing of July contract made it stand. Any way it

managed to break its strong res lvls of 3050. A close

above these levels could take it to more highs till

3100 lvls.

T2 AUG CRUDE TO READ AS 3050!

10 PM JULY 15

MCX AUG CRUDE : T2 ACH AT 5050, BOOK FULL PROFITS.

( BUY AT 3000 TO 3005).

MRKET ALERT ON JULY 15 WEDNESDAY 9.30 PM IST

MCX July Crude T1 Achieved at Rs 3035 in our buy

at Rs 3000 to 3005.High risk traders holding longs

book further profits.

Current high Rs 3040.

mkt alert at 8 pm july 15

Update: US C.oil inventories data: Down: 2.8 Mbrls(Exp: Down:1.8 mbrls)

TECHNICALS FOR NYMRX TRADE FOR JULY 15 2009

JULY 15 WEDNESDAY

S1 RS 2975 , S2 RS 2956 , S3 RS 2910

R1 RS 3057 , R2 RS 3086 , R3 RS 3127

WAIT FOR CONFIRMATION.

MKT ALERT AT 4 PM JULY 15

CRUDE UPDATE: CRUDE UNABLE TO PUSH UP, PROBABLY DUE

TO UNCERTAINTY OF INVENTORIES AND CONTRACT EXPIRY

TODAY, MEMBERS ADVISED TO KEEP STRICT STOPS OR EXIT

TRADES AT COST.

Crude Oil Inventories:Forcast -1.9M Previous -2.9M

Actual @ 8.00P.m

MARKET ALERT ON JULY 15 WEDNESDAY 1.50 PM IST

Crude buy call given earlier is a high risk broker call ,

low risk traders advised to avoid crude as it is contract

expiry / inventory day today and huge volatility

cld take place.

MARKET ALERT ON JULY 15 WEDNESDAY 1.20 PM IST

MCX July crude looks strong at CMP Rs 3005

it could test Rs 3035 , 3050

Support is seen below Rs 2980.

MARKET ALERT ON JULY 15 WEDNESDAY 12.00 AM IST

MCX July crude now has support at Rs 2985

Resis seen at Rs 3052.

CMP Rs 3010

could test Res.

UPDATES

TECHNICALS FOR JULY 15

MCX AUGUST CRUDE

SUPP: 2956/2910/2875

RES; 3010/3045/3080

WAIT FOR CONFIRMATION

updates

TECHNICALS FOR NYMEX TRADING JULY 14

MCX JULY CRUDE

SUPP; 2930/2900/2870

RES: 2976/3025/3056

WAIT FOR CONFIRMATION

market alert at 5.45 pm july 14

mcx july crude: book full profits at 3000

in our buy call at 2940.

mkt alert at 4.50 pm july 14

MCX JULY CRUDE; approaching our t1 at 2980, cmp

2975, in our buy at 2945.

mkt alert at 11.15am july14

Buy Crudeoil July betwwen 2940 - 2945 SL below

2910 T1 2980 T2 3010

UPDATES FOR JULY 14 2009

JULY 14 TUESDAY

S1 RS 2900 , S2 RS 2875 , S3 RS 2840

R1 RS 2952 , R2 RS 2980 , R3 RS 3010

WAIT FOR CONFIRMATION.

UPDATES

TECHNICALS FOR JULY 13 NYMEX TRADING

MCX JULY CRUDE

SUPP; 2926/2900/2885

RES;2952/2976/3010

WAIT FOR CALLS

JULY 13 4 PM

MCX JULY CRUDE TRADING AT RES 2945 TO 2950, IF

HOLDS ABOVE THESE LEVELS CLD TEST 2976/ 2995,

SUPPORT SEEN BELOW 2923.

UPDATES FOR JULY 13 MONDAY 1.00 PM IST

MCX July crude has Res at Rs 2950

support is seen below Rs 2906.

CMP Rs 2928.

it could test Res levels.

MKT ALERTAT 11.30 AM JULY 13

Sell Crudeoil July below 2910 SL above 2925 T1 2880 T2 2865

UPDATES

TECHNICALS FOR JULY 13

MCX JULYCRUDE

SUPP: 2900/2870/2835

RES; 2952/2980/3018

PREFER SELLS AT RES

MARKET ALERT ON JULY 10 FRIDAY 8.00 PM IST

MCX July Crude has support below Rs 2895

Res is seen at Rs 2969.

It looks positive above Rs 2924.

MARKET ALERTA AT 6.30 PM JULY 10

MCX JULY CRUDE WE HAD FORECAST SELL BELOW 2930

FOR LEVELS 2900/2880 CMP 2886!!!! RES ABOVE 2960.

UPDATES

TECHNICALS FOR JULY 10 NYMEX TRADING

MCX JULY CRUDE

SUP: 2900/2870/2836

RES: 2952/2980/3018

PREFER SELLS AT RES

MKT ALERT AT 4.15 PM JULY 10

TREND FOR MCX JULY CRUDE; BEARISH BELOW 2930 WITH RES

ABOVE 2960 AND CLD TEST 2900/2980 LEVELS.CMP 2923.

MARKET ALERT ON JULY 10 FRIDAY 12.45 PM IST

MCX JULY Crude now has support at Rs 2875 levels and

Res can be seen at Rs 2950 levels .

Could test support.

CMP Rs 2920.

MARKET ALERT AT 12.20PM JULY 10

Crudeoil July support seen at 2900 / 2890.

Res seen at 2945 - 2950. Could test Supports levels.

UPDATES

TECHNICALS FOR JULY 10

MCXJULY CRUDE

SUPP: 2900/2870/2835

RES:2952/2980/3018

WAIT FORCALLS

MARKET ALERT AT 8 PM JUL Y9

MCX JULY CRUD EHAS TESTED THE SECOND SUPP T2 GIVEN THIS

MORNING AT 2925( BELOW 2975).

UPDATES

TECHNICALS FOR JULY 9 NYMEX TRADING

MCX JULY CRUDE OIL

SUPP: 2970/2943/2911

RES; 3025/3060/3090

WAIT FOR CALLS

12 noon july 9

High Risk Call - Sell Crudeoil July below 2975

SL above 2995 T1 2950 T2 2930

UPDATES

TECHNICALS FOR JULY 9

MCX JULY CRUDEOIL

SUPP: 2970/2943/2911

RES: 3025/3060/3092

WAIT FOR CONFIRMATION

MARKET ALERT ON JULY 8 WEDNESDAY 10.00 PM IST

Crude prices looks weak after it unable to steady at

res levels of 3060 - 3080. Sup seen at 2980 and break

could see 2930 lvels.

Ovearll weak.

MARKET ALERT ON JULY 8 WEDNESDAY 8.30 PM IST

EXPECT CRUDE JULY TO TEST SUPPORTS 3000/2980

WITH CURRENT RES AT ABOVE 3065.

8 PM JULY 8

CRUDE INV DN 2.9 MB GASOLINE UP 1.9 MB DISTILLATE

MARKET ALERT AT 5.45 PM JULY 8

MCX JULY CRUDE HAVING DOWNWARD BIAS TRADERS EXIT

LONGS IF ANY.

MARKET ALERT ON JULY 8 WEDNESDAY

4.10 PM IST

MCX July Crude looks a bit positive at CMP Rs 3060

it could test Rs 3096

support is seen below Rs 3035.

MARKET ALERT AT 11.45 AM JULY 8

Sell Crudeoil July between 3040 - 3045 SL

above 3065 T1 3010 T2 2980

MARKET ALERT ON JULY 8 WEDNESDAY 10.30 AM IST

MCX July Crude now has support at Rs 3020

and then at Rs 3000.

Res is seen at Rs 3067

CMP Rs 3054.

UPDATES FOR JULY 8 2009

JULY 8 WEDNESDAY

S1 RS 3040 , S2 RS 3010 , S3 RS 2975

R1 RS 3085 , R2 RS 3115 , R3 RS 3145

WAIT FOR CONFIRMATION.

BLOOMBERG REPORTS

U.S. regulators say they may clamp down on oil and gas

price speculators by limiting the holdings of energy futures

traders, including index and exchange-traded funds.

The Commodity Futures Trading Commission will hold hearings to

explore the need for government-imposed restrictions on

speculative trading in oil, gas and other energy markets,

Chairman Gary Gensler said today in a statement. The agency

didn’t say when the hearings would start or who would be

asked to speak.

UPDATES

TECHNICALS FOR JULY 7 NYMEX TRADING

MCX JULY CRUDE

SUPP; 3105/3075/3035

RES; 3162/ 3190/3215

WAIT FOR CALLS

MARKET ALERT AT 5.15 PM JULY 7

MCX JULY CRYUDE : LOW RISK TRADERS EXIT UPTO

3143 TO 3148, AND REENTER ABOVE 3160., AS FACING

RES UPTO 3160., OTHERS HOLD FOR LEVELS GIVEN.

MARKET ALERT ON JULY 7 TUEDAY 12.30 PM IST

MCX July crude now has support at Rs 3068

Res is seen at Rs 3152

Could test support.

CMP Rs 3121.

MARKET ALERT ON JULY 7 TUESDAY 11.00 AM IST

MCX July crude now has support at Rs 3100

Res is seen at Rs 3163.

Looks like having a little negative bias.

MARKET ALERT ON JULY 7 YUESDAY

MCX July crude looks strong at CMP Rs 3135

it could test Rs 3157.

support is seen below Rs 3118.

UPDATES GOR JULY 7 2009

JULY 7 TUESDAY

S1 RS 3096 , S2 RS 3070 , S3 RS 3035

R1 RS 3136 , R2 RS 3162 , R3 RS 3190

WAIT FOR CONFIRMATION.

MARKET ALERT AT 7.30 PM JULY 6

: Buy Crudeoil July above 3155 SL below 3125 T1 3180 T2 3210

MARKET ALERT AT 5.15 PM JULY 6

MCX JULY CRUD EOIL: T1 ACH AT 3100 IN OUR

SELL AT 3130.

updates

TECHNICALS FOR JULY 6 NYMEX TRADING

MCX JULY CRUDE

SUPP; 3100 3070 3035

RES:3136 3162 3190

WAIT FOR ENTRY

MCX JULY CRUDE ; APPROACHING T1 AT 3100( LOW 3107),

LOW RISK TRADERS BOOK FULL PROFITS BETWEEN 3100 TO 31100

SELL GIVEN AT 3130.

MARKET ALERT AT 12NOONJULY6

MCX JULY CRUDE WEAK 3130,CLD TEST 3100/3070

RES ABOVE 3160.

UPDATES

TECHNICALS FOR JULY 6

MCX JULY CRUDE

SUPP; 3126/3100/3060

RESz: 3186/3215/3248

WAITFOR CALLS

MARKET ALERT ON JULY 3 FRIDAY 4.55 PM IST

MCX July Crude now has support at Rs 3190

Res is seen at Rs 3250 levels

CMP Rs 3214

could test Res.

TRADING LEVELS FOR EVENING TRADE FOR JULY 3 2009

JULY 3 FRIDAY

TRADING LEVELS FOR EVENING TRADE

S1 RS 3182 , S2 RS 3156 , S3 RS 3112

R1 RS 3256 , R2 RS 3290 , R3 RS 3335

WAIT FOR CONFIRMATION.

UPDATS FOR JULY 3 2009

JULY 3 FRIDAY

S1 RS 3210 , S2 RS 3182 , S3 RS 3156

R1 RS 3368 , R2 RS 3330 , R3 RS 3300

WAIT FOR CONFIRMATION.

MARKET ALERT ON JULY 2 THURSDAY 9.10 PM IST

MCX July crude oil now has support at Rs 3200 ,

Res is seen above Rs 3256.

Could test Support .

MARKET ALERT ON JULY 2 THURSDAY 8.00 PM IST

Update: US N.Gas Storage data: +70 Bcf (Exp: +74 Bcf)

MARKET ALERT ON JULY 2 THURSDAY 6.45 PM IST

MCX July crude now has support at Rs 3190

Res is seen at Rs 3280.

Seems to have a downward bias.

TECHNICALS FOR NYMEX TRADE FOR JULY 2 2009

JULY 2 THURSDAY

TRADING LEVELS FOR NYMEX TRADE

S1 RS 3250 , S2 RS 3215 , S3 RS 3180

R1 RS 3315 , R2 RS 3345 , R3 RS 3380

WAIT FOR CONFIRMATION.

MARKET ALERT ON JULY 2 THURSDAY 12.10 PM IST

MCX July crude CMP Rs 3334 , low risk traders can

book partial profits and others can hold for tgts given .

Buy was at Rs 3315 to 3320.

MARKET ALERT ON JULY 2 THURSDAY 11.20 AM IST

MCX July crude looks strong at CMP Rs 3315

It could test Rs 3350/3370

support is seen below Rs 3285.

UPDATES FOR JULY 2 2009

JULY 2 THURSDAY

S1 RS 3390 , S2 RS 3360 , S3 RS 3330

R1 RS 3427 , R2 RS 3456, R3 RS 3478

WAIT FOR CONFIRMATION.

MARKET ALERT ON JULY 1 WEDNESDAY 8.00 PM IST

Update: US C.oil invetories data: Down: 3.7

(Exp: Down: 2.2 Mbrls)

MARKET ALERT ON JULY 1 WEDNESDAY 6.30 PM IST

MCX July Crude oil now has support below Rs 3390

Res is seen at Rs 3480

CMP Rs 3425.

TECHNICALS FOR NYMEX TRADE FOR JULY 1 2009

JULY 1 WEDNESDAY

TRADING LEVELS FOR NYMEX TRADE

S1 RS 3390 , S2 RS 3360 , S3 RS 3330

R1 RS 3427 , R2 RS 3456 , R3 RS 3478

WAIT FOR CONFIRMATION.

MARKET ALERT ON JULY 1 WEDNESDAY 4.30 PM IST

MCX July crude now has support at Rs 3393

Res is seen at Rs 3490.

Looks a little positive now.

CMP Rs 3426.

MARKET ALERT ON JULY 1 WEDNESDAY 2.45 PM IST

MCX July crude now has support below Rs 3390

and Res at Rs 3445.

CMP Rs 3415.

MARKET ALERT ON JULY 1 WEDNESDAY 12.40 PM IST

MCX July crude looks weak below Rs 3380

it could test Rs 3330

Res is seen above Rs 3404.

UPDATES FOR JULY 1 2009

JULY 1 WEDNESDAY

S1 RS 3315 , S2 RS 3285 , S3 RS 3256

R1 RS 3374 , R2 RS 3398 , R3 RS 3425

WAIT FOR CONFIRMATION.