GM OCT 29//BULLIONS CLOSED AT DAY HIGH GOLD 19763/SILVER 36820....OUR GIVEN TGTS GOLDMINI 19800/19900/20000... SILVER MINI 37000...LOOKS GOOD/OUR SILVER MINI BUY GIEVN ON THURSDAY AT 35650...//BASE METALS CRASHED AHEAD OF FOMC MEET ON MONDAY AND TUESDAY AND ELECTIONS IN US/ BANK OF ENGLAND, ECB AND BANK OF JAPAN TO MEET NEXT WEEK/ALL COMM TO FOLLOW DIRECTION OF USD!!!!!SILVER TRADING ABV RES $24.50 CMP 24.6, NEXT LEVEL$26/26.40///GOLD ABV $1350 NEXT 1380

MRKT ALERT 9.25 PM

MCX NOV CRUDEOIL TESTED OUR SUP AT 3630/3610 LEVELS.

MRKT ALERT 1.40 PM

Crudeoil Nov looks weak below 3650 and could test 3630 - 3610 levels with res seen above 3675.

Copper more selling could come if sustains below 370.50 till 368 levels. Res seen at 373. Lead and Zinc remains weak for a day. Crudeoil more selling could come below 3650 till 3620 - 3600 levels. Strong res seen at 3690 - 3700.

UPDATES FOR OCT 29 2010

OCT 29 FRIDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 3651 , S2 RS 3631 , S3 RS 3600

R1 RS 3691 , R2 RS 3715 , R3 RS 3735

WAIT FOR CONFIRMATION .

BASE METALS CONTINUED ITS UNCERTAIN PATH AND EXP TO CONTINUE/BASE METAL TRADING WEAK, COPPER DOWN ABOUT 0.45% LTP 373.60 SUPP 371 RES 377/ZINC AND LEAD TRADING SHARPLY LOWER ABOUT 1%//OUR CALLS YESTERDAY MADE UP FOR PRECEEDING 2 DULL DAYS; LEAD MINI, ZINC MINI T1 AND T2 ACH; COPPER T2 ALMOST ACH; CRUDE T1 ACH; SILVER MINI T2 ALMOST ACH;ALU BOOKED PART AND CLOSE AT ENTRY LEVEL!!TODAY TRADE LESS AS EXP TO BE CHOPPY WITH NEGATIVE BIAS.

GM OCT 29,7.40AM:CRUDE$81.91 LTP 3676 RES 3700 SUPP 3650/NAT GAS$3.90/GOLD$1340 LTP19610 POSITVE ABV 19600 SUPP 19520 RES 19680; SILVER$24 LTP 35950 RES 36100 SUPP 35600, HOLD CARRYOVER LONGS FOR TGTS GIVEN//

MRKT ALERT 8.29 PM

MCX NOV CRUDEOIL T1 ALMOST ACH AT 3650, CURRENT LOW 3651, SELL GIVEN AT 3674-3678.

MRKT ALERT 8.16 PM

MCX NOV CRUDEOIL APP OUR T1 AT 3650, BUY GIVEN AT 3674-3678. CMP 3655

MRKT ALERT 8.09 PM

MCX NOV CRUDEOIL TRADERS CAN BOOK PART PROFITS UPTO 3665, SELL GIVEN AT 3674-3678.

MRKT ALERT 6.22 PM

MCX NOV CRUDEOIL LOW RISK TRADERS ADVISED TO EXIT AT 3685-3690 LEVLES.

Sell Crudeoil Nov between 3674 - 3678 SL above 3700 T1 3650 - 3630.

UPDATE AT 9 AM: BASE METALS TRADING HGHER COPPER UP 0.40% CLD OPEN AROUND 375 TO 375.50// SILVER CLD OPEN HIGHER AROUND 35750 TO 35800//CRUDE FLAT TO MARGINALLY HIGHER/OTHER BASE METALS OPEN HIGHER.

TECHNCALS FOR OCT 28

MCX NOV CRUDE

SUPP:3630/3605/3580

RES: 3695/3715/3730

BASE METALS UPDATE:BASE METALS OPEN HIGHER IN EARLY TRADES/COPPER LTP373.70 RES 375.50 SUPP 372 LME COPPER$8300, COMMEX COPPER $3.77/BASE METALS FOLLOWING DIRECTION OF USD , YESTERDAY USD STRENGTHENED THIS MORNING MARGINALLY WEAK/YESTERDAYS DATA WAS MIXED , HOME SALES SURPRISINGLY WENT UP SENDING MIXED SIGNALS TO FED ON STIMIMUS EASING/TALKS OF MANIPULATIONS IN SILVER PRICES ALL CONTRIBUTED TO UNCERTAINTY IN ALL COMMODITY!!!

GM OCT 28,7.30AM: CRUDE$81.96 LTP 3670 RES 3715 SUPP 3630 WEEKLY BASIS/NAT GAS$3.78 TRADING MARGINALLY HIGHER, MKTS EXP FAVOURABLE DATA TONITE WHICH HAS BEEN DISCOUNTED IN PRICE? /GOLD $1327 LTP 19445; SILVER $23.67 LTP35614 GOLD FLAT SUPP 19380 RES 19520//SILVER SUPP 35500 RES 35850 EXP TO OPEN MARGINALLY HIGHER//

DATA TONITE:6PM CONSUMER DURABLE GOODS ORDERS PREVIUOS 1.7% FORE 0.40%// DURABLE GOODS ORDERS PREV -1.5% SURVEY 1.7% //7.30PM NEW HOME SALES PREV 288K SURVER 301 K// 8 PM CRUDE INVENTORY PREV 0.7M FORE 1.1M//

UPDATES FOR OCT 27 2010

OCT 27 WEDNESDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 3668 , S2 RS 3636 , S3 RS 3610

R1 RS 3705 , R2 RS 3725 , R3 RS 3751

WAIT FOR CONFIRMATION .

REMINDER: MKTS CONTINUE TO REMAIN CHOPPY TILL NEXT FED MEET NOV 2 ON ECONOMIC STIMULUS MEASURES/MEMBERS ADVISED BEST TO KEEP BOOKING PROFITS AS AND WHEN ADVISED AS MKT DIRECTION KEEPS CHANGING AGAINST OUR PROJECTED TREND OR TRAIL SL ARD COST AND ENSURE SAFETY OF CAPITAL, ALSO TRADE WITH SL GIVEN/

BASE METALS TRADING FLAT/COPPER LTP 381.95 RES 383 SUPP 379 EXP FLAT OPEN/NICKEL LTP 1039 SUPP 1025 RES 1055/ALUMINIUM SUPP 103.50 RES 106/ZINC AND LEAD SUPP 113.50 RES 117//

GM OCT 27,7.30AM:CRUDE $82.41 LTP 3696 RES 3715 SUPP 3665/NAT GAS$3.31 OPENS DOWN ABT 1%/GOLD$1339.20 TREND MILD POSITVE SUPP MCX GOLDMINI NOV AT 19280 CLD TEST RES 19460 PREFER LONGS MCX DEC GOLD POSITVE ABV 19600 RES 19700/19800 SUPP 19450//SILVER$24.04 EXP POSITVE OPEN HOLD CARRYOVER BUYS LAST NIGHT AT 35950 FOR TGTS GIVEN CLD OPEN ARD 36200 TRAIL SL 35580.

MRKT ALERT 10.11 PM

8:00pm USD Medium Impact Expected Crude Oil Inventories Forecast 1.1M Previous 0.7M
(Actual to be released tomorrow 8:00pm)

UPDATES FOE OCT 26 2010

OCT 26 TUESDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 3631 , S2 SR 3600 , S3 RS 3575

R1 RS 3675 , R2 RS 3705 , R3 RS 3730

WAIT FOR CONFIRMATION .

TROPICAL HURRICANE RICHARD BEING DOWN GRADED TO A DEPRESSION!!!IMPACT MILD NEGATIVE FOR CRDE PRICES!

AT 8.15AM: CRUDE $82.18/NAT GAS$3.35( ABT 1% HIGHER)/GOLD$1339,SILVER$23.58 BULLIONS CORRECTING DOWN TO SAME LEVELS AS CLOSE YESTERDAY/BASE METALS TRADING MARGINALLY POSITIVE COPEPR EXP OPEN ARD 381 TO 381.50, NICKEL SUPP 1040 RES 1058/ZINC AND LEAD TRADING HIGHER!!!

GM OCT 26,7.30AM: CRUDE$82.42 LTP 3668 SUPP 3640 RES 3690/NAT GAS #3.34 TRADING MARGINALLY POSITIVE/ GOLD$1343 TRADING HIGHER BY $5 LTP 19557 EXP POSITVE OPEN/SILVER$23.66, LTP 35474 EXP POSITVE OPEN ARD 35650//BASE METALS OPEN HIGHER LME COPPER $8470, COMMEX COPPER $3.88LTP 380 SUPP 377 RES 382.30 EXP OPEN HIGHER 0.50%.

HURRICANE RICHARD FORMED MOVING TOWARDS GULF OF MEXICO, MEMBERS ADVISED NOT TO GO FOR SELLS IN ENERGY FOR NOW.

MCX NOV CRUDE POSITVE IF SUSTAINS ABV 3700 WITH SUPP AT 3680 AND RES 3728.

UPDATE AT 7.55 AM: ALL COMM EXCEPT NAT GAS( DOWN OVER 2%) TO OPEN GAP UP!/ CRUDE$82.25 CLD OPEN HIGHER AROUND 3690 TO 3700//BULLIONS : SILVER CLD OPEN UP 1.50%, GOLD ABOUT 1%/; SILVER OPEN ARD 35500,GOLD ARD 19600//ALL BASE METALS HOLDING AT HIGHS ECP OPEN UP ABOUT 1.25% COPPER MORE POSITVE IF SUSTAINS ABV 378 CLD OPEN ARD 378 TO 379//LEAD AND ZINC CLD TGT 113 TO 114 //EXP MORE BULLISHNESS IN BASE METALS IF SUSTAINS ABV RES!!

MRKT ALERT 6.33 PM

MCX NOV CRUDEOIL T2 ACH AT 3664, BUY GIVEN
ABOVE 3630 FOR HIGH RISK TRADERS GIVEN AS LEVELS.

MRKT ALERT 5.17 PM

MCX NOV CRUDEOIL APP OUR T2 AT 3664, BUY GIVEN ABOVE 3630 FOR HIGH RISK TRADERS. CMP 3657.

MCX NOV CRUDE CMP 3652/TRADERS HAVING BUYS AT 3630 BOOK FURTHER PROFITS AND TRAIL SL TO COST.

MCX NOV CRUDE: TESTED RES 1 AT 3648/ GIVEN AS LEVELS FOR HIGH RISK TRADERS ABV 3630.

MCX NOV CRUDRE MARGINALLY POSITVE ABV 3630 WITH SUPPORT AT 3614 AND CLD TEST RES AT 3648/3664.//LEVELS FOR HIGH RIKS TRADERS,

UPDATES FOR OCT 22 2010

OCT 22 FRIDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 3595 , S2 RS 3578 , S3 RS 3555

R1 RS 3645 , R2 RS 3685 , R3 RS 3700

WAIT FOR CONFIRMATION .

BASE METALS CAME OFF HIGHS LAST NIGHT ON STRONGER USD BY 0.40%//MKTS AWAIT OUTCOME OF G20 SUMMIT AT KOREA TODAY AND TOMORROW AS CURRENCY MOVES EXP AFTER OUTCOME//MEMBERS ADVISED AS OF NOW NOT TO SHORT LEAD AND ZINC AS CHINA REPORTS SHUTDOWN OF SMELTORS DUE TOXIC EMMISSION REPORTS//

GM OCT 22, 7.20AM:CRUDE$81.07 LTP 3613 SUPP 3600 RES 3650/NAT GAS$3.39 HIT LOWS LAST NIGHT AFTER INVENTORY EXP TO OPEN MARGINALLY HIGHER, AVOID FRESH SHORTS AS HURRICANE SEASON IN US IS ON SUPP 148 RES 155//BASE METALS TRADING FLAT EARLY TRADES COOPER LTP 372.90 SUPP 370 RES 375.50/NICKEL LTP 1046.60 SUPP 1040 RES 1060, OUR SELL LAST NIGHT AR 1053 LOW 1044.60 AND OUR T2 1041!!ZINC LTP 108.10, LEAD LTP 108.60//

MCX NOV CRUDE OIL; LOW RISK TRADERS BOOK PART PROFITS AT 3680/BUY AT 3668 TO 3670 LEVELS/OTHERS HOLD AS PER LEVELS.

Buy Crudeoil Nov between 3668 - 3672 SL below 3645 T1 3696 T2 3720Moderate Risk.

UPDATES FOR OCT 21 2010

OCT 21 THURSDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 3638 , S2 RS 3600 , S 3RS 3570

R1 RS 3700 , R2 RS 3725 , R3 RS 3745

WAIT FOR CONFIRMATION .

MKTS TRADING FLAT: CRUDE $82.26, NAT GAS$3.52, GOLD$1344, SILVER$23.90/BASE METALS TRADING FLAT AT SAME LEVELS.

UPDATE: CRUDE TRADING ABV RES AT 3650 AFTER INVENTORY RES AT 3670 SUPP AT 3625/NAT GAS RES 162 SUPP 156.40//SILVER MINI RES 35800 SUPP 35500 //GOLDM NOV RES 19520 SUPP 19380//COPPER RES 373 LONGS ADVISED ON CLOSE ABV 373//NICKEL RES 1060 SUPP 1040//LEADMINI MOST POSITIVE OF ALL RES 108 SUPP 105.90.

MRKT ALERT 8.05 PM

Crude Oil Inventories Act 0.7M Fore 1.5M Prev -0.4M

BASE METALS OPEN FLAT TO MARGINALLY HIGHER AFTER LAST NIGHTS CORRECTION//COPPER WEEKLY STRONG SUPP 367 RES AT 374 LTP 370.10//NICKEL LTP 1043 WEAK IF SUATINS BELOW 1038 RES NOW AT 1060//ZINC SUPP 104.30 RES 106.50//LEAD SUPP 104.50 RES 106.80//ALU SUPP 103.30 RES 104.50//ADVISABLE TO WAIT FOR FRESH ENTRY AS TREND NOT CLEAR .

GM OCT 20; CRUDE$79.80, MCX NIOV CRUDE WEAK IF SUSTAINS BELOW 3648//NAT GAS$3.53 OPENS MARGINALLY HIGHER//GOLD$1336 MCX RES NOV GOLDM AT 19620 AND SUPP 19380 HOLD SELLS AS PER LAST NIGHT CALL// SILVER$23.46 MCX RES 35900 SUPP 35500/35400 OPENS WEAK//

CRUDE INVENTORY ON OCT 20 FORECAST 1.5M PREVIOUS -0.4M.

REMINDER: MCX CRUDE OCT CONTRACT EXPIRY IS TONITE OCT 19 INSTEAD OF OCT 20//CRUDE NOV SUPP 3660 RES 3700-3710 //COPPER SUPP 370 RES 374.80//NICKEL SUPP 1040 RES 1061//LEAD RES 107.50 SUPP 105.80//ZINC RES 106.60 SUPP 105.50//NAT GAS SUPP 151.90 RES 158.50//SILVER RES 35950 SUPP 35500//GOLD SUPP 19550 RES 19700//ALL COMM TAKEN STRONG SUPPORTS AT LOWS AND SMALL BOUNCE UP BEING SEEN TILL IMM RES//WAIT FOR ENTRY!!

CHINA'S CENTRAL BANK SAID IT WILL RAISE DEPOSIT AND LENDING RATES BY 0.25% FOR FIRST TIME SINE DEC 2007!!!/NEGATIVE FOR METALS.

mcx nov crude is mild positve abv 3710 with support at 3692 and res at 3736/3764//pls note that contract expiry date for oct crude is oct 19 instead of oct 20.

MARKET ALERT ON OCT 19 TUESDAY 11.00 AM IST

Crudeoil looks positive if holds abv 3700 till 3750 - 3780.

Sup seen below 3640.

CRUDE$82.89 LTP 3670 OCT/SUPP 3645 RES 3690//NAT GAS $3.41 LTP 153.30 SUPP 151 RES 158 , BOTH OPEN FLAT//BASE METALS CLOSE AT DAY HIGH LME COPPER $8430 SUPP 375 RES 378 OPENS MARGINAALY HIGHER/ NICKEL LTP 1069, POSITVE IRF SUSTAINS ABV 1070 SUPP 1062//LEAD AND ZINC CLOSED VERY STRONG AS INDICATED IF SUSTAINED ABV 106 , RES LEAD 109 ZINC RES 107.50 SUPPORTS AT 104.80/ ALU LTP 106.25POSITIVE CLOSE RES 106.50//BASE METALS RALLIED IN WEAKNESS IN USD//

MCX OCT CRUDE STILL POSITVE ABV 3664 WITH SUPPORT AT 3645 AND CLD TEST RESISTANCE 3678/3686/3698.

UPDATES FOR OCT 18 2010

OCT 18 MONDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 3594 , S2 RS 3569 , S 3RS 3541

R1 RS 3628 , R2 RS 36552 , R 3RS 3679

WAIT FOR CONFIRMATION .

METALS UPDATE; COPPER DOWN ABOUT 0.80% EXP MCX AROUND 372.50 LEVELS AS PER CURRENT TREND//SILVER CLD OPEN AROUND 35800 , GOLD DOWN ABOUT RS 150 /CRUDE CLD OPEN DOWN ABOUT RS 20!!!, AT GAS DOWN BY ABOUT 2 RS.

BASE METAS OPEN MARGINALLY WEAK COPPER DOWN ABOUT 0.40% RES AT 377.50 SUPP 371, EXP OPWN DOWN MARGINALLY AROUND 374 AS PER CURRENT TREND/

GM OCT 18,7.20AM: SHARP DONWSIDE IN ALL COMM IN EARLY TRADES/CRUDE $80.909 (DOWN 35 CENTS),NAT GAS$3.48(DOWN ABOUT 1.3%)//GOLD$1358(DOWN OVER$13)SILVER$23.78( DOWN OVER 2%)//BASE METALS TRADING LOWER COPPER DOWN ABOUT 0.50%.

GM OCT 16: FED CHAIRMAN SPEAKS LAST LAST NIGHT FOR NEED FOR INCREASED STIMULUS MEASURES ASINFLATION VERY LOW AND UMEMPLOYMENT VERY HIGH!!

MRKT ALERT 8.00 PM

Crudeoil trading range bound with negative bias between 3620 - 3720.

MRKT ALERT 12 PM

MCX Oct Crudeoil looks bounce back if not breaks the sup of 3630 - 3640 till 3680 - 3700 - 3720 levels. ( Levels Only )

UPDATES FOR OCT 15 2010

OCT 15 FRIDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 3640 , S2 RS 3621 , S 3 RS 3600

R1 RS 3695 , R2 RS 3725 , R3 RS 3745

WAIT FOR CONFIRMATION .

UPDATE AT 8.30AM: CRUDE AND NAT GAS TRADING FLAT//BASE METALS OPENS FLAT TO MARGINALLY HIGHER//GOLD MARGINALLY HIGHER , SILVER TRADING AT $24.68 OPENS HIGHER ABOUT 1%.

GM OCT 15.7.25 AM: CRUDE$82.76,NAT GAS$3.64(ENERYGY TRADING FLAT)//GOLD$1379,SILVER$24.67 BULLIONS TRADING FIRM EXP TO BE POSITIVE RES SILVER 36750 SUPP 35800 ON WEEKLY BASIS EXP OPEN MARGINALLY HIGHER AROUND 36600 AS PER CURRENT TREND DEPNEDS ON INR//BASE METALS HOLDING AT SAME LEVELS COP RES 377.50 SUPP 370 NICKEL SUPP 1062 RES 1100//INR YESTERDAY APPRECIATED BY 40 PAISE HOLDING BACK COMM FURTHER, WATCH OUT TODAY!!

MRKT ALERT 8.33 PM

Crude Oil Inventories Act -0.4M Fore 1.5M Prev 3.1M

ALERT; MKTS EXP TO GET MORE CHOPPY, TRADE LESS OR BETTER LOW RISK TRADERS AVOID TRADES FOR NOW TILL CLARITY COMES IN!!!

MARKET ALERT ON OCT 14 THURSDAY 12.05 PM IST

MessageMCX OCT CRUDE OIL POSITIVE ABOVE

3710 WITH SUPPORT AT 3690 AND CLD TEST


RES 3730 ./ 3750 .

FOR LEVELS .

UPDATES FOR OCT 14 2010

OCT 14 THURSDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 3660 , S2 RS 3630 , S3 RS 3600

R1 RS 3706 , R2 RS 3728 , R3 RS 3755

WAIT FOR CONFIRMATION .

UPDATE AT 8 AM: ALL COMM TRADING AT HIGHS EXP HIGHER OPEN SUBJECT TO INR FACTOR/CRUDE TRADING HIGHER ON EXP DRAWDOWN IN INVENTORY TONITE AND DOLLAR INDEX AT 77; MKTS EXP FURTHER WEAKNESS IN USD//

GM OCT 14,7.15AM:COMMODITIES RALLY HIGHER ON WEAKNESS AGAIN IN USD//CRUDE$83.73 EXP POSITIVE OPEN CLD TEST RES 3720 SUPP 3670/NAT GAS$3.67 RES 168 SUPP 162 EXP MARGINAL WEAKNESS//BULLIONS ZOOM.... GOLD$1378 HOLD GOLDMINI NOV FOR T3 GIVEN,SILVER$24.28, OPENS SHARPLY HIGHER OVER 1% CLD HIT RES 36000!!!//BASE METALS OPEN HIGHER COMMEX COPPER$3.85 OPENS HIGHER 0.70% SUPP 373 CLD TEST RES 376.30//

MRKT ALERT 8.39 PM

MCX OCT CRUDEOIL T1 ACH AT 3700, BUY GIVEN ABOVE 3670 FOR HIGH RISK TRADERS

MRKT ALERT 8.00 PM

Expected Crude Oil Inventories Forecast 1.5M Previous 3.1M.(Actual to be released tomorrow 8:30pm)

MCX OCT CRUDE OIL APP T1 AT 3700 CMP 3696 BOOK FURTHER PROFITS AND TRAIL SL TO COST/OTHERS HOLD FOR LEVELS GIVEN./BUY GIVEN AT 3670.

CRUDE CLD FACE ES AT 3690 TO 3690 CMP 3690, MULITPLE LOT HOLDERS BOOK FURTHER PROFITS //

MCX OCT CRUDE OIL; CMP 3687, BOOK FURTHER PROFITS/HIGH RISK BUY UPTO 3670.

MARKET ALERT ON OCT 13 WEDNESDAY 12.45 PM IST


MCX Oct Crude looks poitive above Rs 3670 and cld test

Rs 3700 / 3720 with support at Rs 3630 .

Levels for high risk traders

UPDATES FOR OCT 13 2010

OCT 13 WEDNESDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 3625 , S2 SR 3600 , S3 RS 3578

R1 RS 3675 , R2 RS 3698 , R3 RS 3715

WAIT FOR CONFIRMATION .

LME COPPER RALLIES TO 27 MONTH HIGH $8415!!!

UPDATE AT 8AM: CRUDE/ NAT GAS HOLDING SAME POSITVE LEVELS/ GOLD AND SILVER TRADING AT HIGHS GOLD$1355 SILVER$23.46 EXP GAPUP OPEN HOLD FOR TGTS FROM YESTERDAY//BASE METALS MARGINALLY DOWN FROM DAY HIGHS,LME COPPER$8348, COMMEX COPPER$3.80 UP ABOUT0.40%,EXP POSITIVE OPEN!!!

GM OCT13,7.05AM: FOMC MINUTES RELEASED LAST NIGHT ACKNOWLEDGES NEED FOR CONTINUED INCREASED STIMULUS,USD WEAKENS , COMMODITIES RALLIES HIGHER//CRUDE$81.92SUPP 3625 RES 3670, NAT GAS$3.66 SUPP 159 RES 164 EXP POSITVE OPEN BOTH//GOLD$1354,SILVER$23.42 EXP HIGHER OPEN BULLIONS HOLD MINIS BUYS AS PER CARRYOVER CALL YESTERDAY //BASE METALS OPEN SHARPLY HIGHER COPPER UP ABOUT 0.80% COMMEX COP$3.82, EXP OPEN GAP UP!!!!

CRUDE OIL TESTED SUP AND BOUNCED BACK, LOOKS PSIOITVE ABV 3670 AND CLD TEST 3700/3730 , SUPP AT 3630.

MARKET ALERT N OCT 12 TUESDAY 12.45 PM IST


Markets trading with mild negative bias ahead of

FOMC minutes tonight . Mcx Oct Crude marginally

weak below Rs 3645 , with Res at Rs 3670 and support

at Rs 3625 and Rs 3615 .

Market provides less opportunity due to mixed datas. Trade with strict SL and less volumes are advised till clarity comes.

Zinc trading positive and facing strong res around 103 - 103.50. More buying above that. Lead looks positive until it breaks and hold 101 levels till 103 - 105. Gas remains weak and more weakness below 160. Strong res 165.

UPDATE AT 8.40AM: EXP CRUDE, BASE METALS, SILVER, NAT GAS TO OPEN LOWER; GOLD FLAT /WATCH OUT INR OPEN/CRUDE CORRECTED DOWN LAST NIGHT AFTER STTS FROM OPEC STATING THAT PRICES REFLECT CORRECT FUNDAMENTALS AND NO INCREASE IN OUTPUT NEEDED//FOMC MINUTES EXP TO BE RELEASED TONITE WHICH WL STATE EXCAT VIEWS AS SPECULATED IN KTS ABOUT FINANCIAL STIMILUS MEASURES IN US, EXP MKTS TO TRADE SIDEWAYS AND WAIT FOR NEXT MOVE OF USD!!

GM,OCT12,7.30AM: CRUDE$81.60( OPENS WEAK) SUPP 3625 RES 3710//NAT GAS OPENS DOWN OVER 1$,CMP$3.54//GOLD$1351SUPP AT 19500 RES 19750 SILVER$23.16 SILVER TO OPEN LOWER SUPP 34500 RES 35000//LME COPPER$8300 AFTER HIGH $8388, COMMEX COPPER$3.76 TRADING LOWER AROUND 0.50%, EXP BASE METASL OPEN MARGINALLY LOWER.

MCX OCT CRUDE POSITVE ABV 3700 WITH UPP AT 3670 AND CLD TEST RES 3724/3736/3745/LEVELS.

UPDATES FOR OCT 11 2010

OCT 11 MONDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 3668 , S2 RS 3634 , S 3RS 3609

R1 RS 3714 , R2 RS 3742 , R3 RS 3773

WAIT FOR CONFIRMATION .

BASE METALS OPEN POSITVE DUE TO USD WEAKNESS LME COPPER$8330 , COMMEX COPPER$3.78 EXP OPEN HIGHER ABOUT 0.30% RES 372 SUPP 366//NICKEL SUPP 1074 RES 1094/ALU RES 107.50 SUPP 105.80/MKTS BETTING ON FURTHER STIMIMUS EXTENSIONS THEREBY HOLDING USD AT LOWS!

GM,OCT11,7.10AM: CRUDRE OPENS HIGHER$83.08EXP TEST RES 3700 TO 3710 AT OPEN DEPENDING ON INR OPEN/NAT GAS OPENS MARGINALLY DOWN$3.63//BULLIONS OPEN SHARPLY HIGHER GOLD$1353 EXP OPEN HIGHER AROUND RS 100 RES $1365//SILVER ZOOMS.....$23.55 OPENS HIGHR AROUND2%exp gap up open to test 35000!!! res 35200 supp 34500.

BASE METALS UPDATE: YESTERDAYS DATA WAS BEARISH WITH DECREASE IN GOVT JOBS AND MILD INCREASE IN PRIVATE SECTOR JOBS; MKTS REACTED REVERSE AND BET ON INCREASING FED STIMULUS MEASURES TO SUSTAIN ECONOMY WHICH IN TURN IF DONE CLD WEAKEN FURTHER USD( THIS IS AN ANTICIPATION????)//DOW CROSES 11000 LAST NIGHT!!

GM OCT 9,7.45AM: CRUDE$82.66 REBOUNDED STRONGLY AFTER TESTING SUPP 3580, LOOKS POSITVE ABV 3650 WITH SUPP 3625 AND CLD TEST RES 3690/3720//NAT GAS$3.65 SUPP 59 RES 165//GOLD$1345, SILVER$23.10 SILVER LOOKS POSITVE WITH IMM RES 34650 AND SUPP 34000//BASE METALS RALKLIED SHARPLY LME COPPER ABV $8300 COMMEX COPPER $3.77 MCX RES AT 372 AND SUPP 365.50, NICKEL SUPP 1068 RES 1100//

mcx oct crude oil: reset sell at 3620 to 3625 book part profits at 3598//high came 3625!!!!!!!!!

MCX NOV SILVER MINI APP T1 AT 33510 CURRENT LOW 33591/BOOK FURTHER PROFITS./SELL AT 33760.

MCX OCT CRUDE OIL: T2 ALMOST ACH AT 3580, CMP 3583. /TRADERS HOLDING SELLS BOOK FULL PROFITS.

MCX OCT CRUDE OIL: APP T2 AT 3580 CMP 3590/BOOK FURTHER PROFITS IN SELL CALL GIVEN.

EXP VOLATILE MOVES IN BASE METALS FROM NOW /TRADE SAFE WTH SL GIVEN ALWAYS AND LESS VOLUMES.

MCX OCT CRUDE : T1 ACH AT 3600.

MCX OCT CRUDE OIL: T1 ALMOST ACH AT 3600 LOW 3602/TRAIL SL TO AROUND COST. AND BOOK FURHER PROFITS.

MCX OCT CRUUDE OIL: TRADERS HOLDING IN SELLS APP T1 AT 3600 CMP 3604, BOOK PART PROFITS//

Sell Crudeoil Oct between 3620 - 3625 SL above 3645 T1 3600 T2 3580 ( High Risk)

LME: COPPER DOWN 1450/NICKEL UP 228/ LEAD DOWN 900/ZINC DOWN 875/ALU DOWN 5075.

UPDATES FOR OCT 8 2010

OCT 8 FRIDAY

TRADING LEVELS FOR MORNING SESSION


S1 RS 3605 , S2 RS 3578 , S3 RS 3545

R1 RS 3648 , R2 RS 3685 , R3 RS 3715

WAIT FOR CONFIRMATION .

INTERESTING FACT ABT OCTOBER 2010/THIS HAS 5 FRIDAYS/5 SATURDAYS/5 SUBDAYS IN SAME MONTH/IT HAPPENS ONCE IN 823 YEARS/THSES ARE MONEY BAGS BASED ON CNINESE FENGSUI/TODAY IS ALSO AUSPICIOUS BEGINNING OF NAVRATRI, GREETINGS AND BEST WISHES!!!

UPDATE AT 8.15 AM:CRUDE$81.57, COMMES COPPER ABV $3.70, TRADING HIGHER ABOUT 0.80% EXP BASE METALS OPEN HIGHER AS PER CURRENT TREND!!!

IMPACT OF JOBS DATA THIS EVENING:WEAK EMPLOYMENT DATA WLD PUT PRESSURE TO RETAIN STIMULUS MEASURES AND EASING FINANCIAL NORMS WHICH WLD WEAKEN THE USD AND SUPPORT BULLIONS// GOOD DATA WOULD STRENGTHEN USD, WEAKEN BULLIONS AND SUPP BASE METALS//ADVICE: TRADE LESS OR LOW RISK TRADERS KEEP AWAY MORNING SESSION, PLS NOTE YESTERDAYS COPPER CALL WAS GIVEN AS HIGH RISK CALL//

METALS UPDATE: ACROSS THE BOARD SELLING LAST NIGHT DUE SMALL RECOVERY IN USD, MKTS EXP WEAK US NON FARM PAYROLL DATA FROM US TONITE, AND PROFIT BOOKING//LME COPPER $8080, COMMEX COPPER$3.69 TRADES MARGINALLY HIGHER AT OPEN MHIS MORNING RES 366 SUPP 359, SEE RANGE BOUND MOVES THIS MORNING, AVOID BIG VOLUME TRADES TILL DATA COMES IN!!!

GM OCT 8,7.30AM: CRUDE$81.26,NAT GAS$3.60( BOTH TRADING MARGINALLY DOWN)//GOLD$1330( CORRECTED SHARPLY FROM HIGH$1366 THURSDAY)SILVER$22.41; BULLIONS CORRECTED SHARPLY DUE: a. profit booking ahead of weekeend b.ahead of US employment data on friday c.currency interventions.

MRKT ALERT 10.55 AM

Crudeoil still trading in positive zone and looks positive above 3690 could test 3740 - 3760 levels.

UPDATES FOR OCT 7 2010

OCT 7 THURSDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 3667 , S2 RS 3647 , S3 RS 3621

R1 RS 3730 , R2 RS 3758 , R3 RS 3790

WAIT FOR CONFIRMATION .

UPDATE AT 8.45 AM; CRUDE , GAS HOLDING AT SAME LEVELS/ BASE METALS TRADING MARGINALLY HIGHER , EXP HIGHER OPEN//GOLD AND SILVER ZOOMIN...... GOLD$1352, SILVER $23.33 SILVER OPENS 1% HIGHER OUR TGTS 34500/34700 BOOK ONCE AT SAID LEVELS /WATCH OUT INR OEPN!!

BASE METALS UPDATE:MILD NEGATIVE NON FARM PAYROLL DATA FROM US LAST NIGHT CHECKED THE RALLY IN METALS/US DOLLAR TRADING AT 27 MONTH LOWS /LME COPPER$8270 HIT $8300 YESTERDAY HIGH COMMEX COPPER OPENS MILD HIGHER AT $3.76, SUPP 366 RES 369.10/372/ NICKEL WEEKLY SUPP 1088 RES 1125/TODAYS DATA WEEKLY JOBLESS CLAIMS.

GM OCT7,7.30AM: CRUDE$83.30 LTP 3701, CUPP 3685 RES 3730 LOOKS POSITVE DEPENDS ON INR MOVES TODAY, INVENTORY LAST NIGHT WAS POSITVE WITH DROP IN GASOLINE AND DISTILLATE STOCKS/ NAT GAS$3.86 LTP 172.60 LOOKS POSITVE RES 175 SUPP 171//GOLD$1347, SILVER$23.23 BOTH HOLDING AT HIGHER LEVELS HOLD LONG MINIS AS PER TGTS GIVEN GOLDMINI TGTS 19520/19590, SILVER MINI TGTS 34500/34700.

MARKET ALERT ON OCT 6 WEDNESDAY 9.00 PM IST


MCX Oct Crude oil Target 1 Achieved at Rs 3720 ,

Book further profits , Buy given at Rs 3685 , Trail Sl

to cost and hold for levels given .

Current High Rs 3721 .

MRKT ALERT 8.02 PM

U.S Crude Oil Inventories Act3.1M Fore 0.5M Prev -0.5M Prices may trade lower.

mcx oct crude oil may see small pull back before us opens ( data tonite) below 3685 cld test 3675/3660 with res now at 3710//levels for traders holding positons.

MRKT ALERT 12.15 PM

MCX Oct Crudeoil looks positive above 3685 and could test 3710 - 3730 - 3750. Sup seen below 3655. High risk traders could initiate trades as per levels given.

UPDTAES FOR OCT 6 2010

OCT 6 WEDNESDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 3650 , S2 RS 3620 , S3 RS 3590

R1 RS 3710 , R2 RS 3728 , R3 RS 3755

WAIT FOR CONFIRMATION .

BASE METALS UPDATE: BASE METALS RALLIED SHARPLY ON JAPANS DECISION TO BRING DOWN INTEREST RATES AND FED STATEMENTS ON INCREASING LIQUIDITY IN MKTS/LME COPPER$8176 COMMEX COPPER$3.72 MCX SUPP 363.50 RES 369/NICKEL SUPP 1088 RES 1115, ALU SUPP 104.50 RES 106.50/ZINC AND LEAD POSITVE/HOLD LONGS AS PER LEVELS GIVEN/COPPER A WEEKLY CLOSE ABV 369 CLD SEE HIGHER LEVELS/BASE METALS TO OPEN HIGHER ABOUT 0.40%, FURTHER WEAKNESS IF SEEN IN USD CLD PUSH UP ALL COMMODITIES!!!

GM, OCT 6,7.15AM: CRUDE$82.69 SUPP AT 3660 RES 3730,3745 LOOKS POSITVE IF HOLDS ABV 3700//NAT GAS$3.78 OPENS HIGHER RES 172 SUPP 166//GOLD$1344 OPENS HIGHER TO NEW RECORD RES 19550 SUPP 19280 HOLD LONGS GOLD MINI AS PER BUY YESTERDAY AT 19280 EXP GAPUP OPEN/SILVER$22.91 RES 34250SUPP33750 EXP GAP UP DEPENDS ON INR!!!!!!!!!

MRKT ALERT 11.20 PM

MCX OCT CRUDEOIL T2 ACH AT 3700, BUY GIVEN AT 3650-3655.

MRKT ALERT 6.48 PM

MCX NOV COPPER APP OUR T3 AT 366.80, BUY GIVEN AT YESTERDAY CARRY OVER CALL. CURRENT HIGH 366.50

MRKT ALERT 4.40 PM

MCX OCT CRUDEOIL T1 ACH AT 3680, BUY GIVEN AT 3650-3655.

MARKET ALERT ON OCT 5 TUESDAY 3.55 PM IST


MCX Oct Crude approaching Target 1 at Rs 3680 ,

CMP Rs 3675 , Book further profits.

Buy given at Rs 3650 to 3655.

MCX OCT CRUDE OIL: LOW RISK TRADERS BOOK APRT PROFITS UPTO 3664,OTHERS HOLD FOR LEVELS GIVEN.

MRKT ALERT 1.20 PM

MCX Oct Crudeoil low risk traders can book part profits upto 3664, others can hold for given targets. Buy given at 3650 - 3655.

TRADING CALL FOR OCT 5 TUESDAY 11,10 AM IST

Buy Crudeoil Oct between 3650 - 3655

SL below 3628

T1 3680

T2 3700 .

BASE METALS TRADING MARGINALLY LOWER DUE STRENGTHENING IN US DOLLAR AND EURO CONCERNS//LME COPPER$8040 COMMEX COPPER $3.65 MCX SUPP 359 RES 364 NICKEL SUPP 1060 RES 1078//CLD EXP OPEN WITH MILD WEAKNESS/CHINA OPENS ON OCT 8.

MRKT ALERT 7.14 PM

MCX OCT CRUDEOIL T3 ACH AT 3675, BUY GIVEN UPTO 3622.

MCX OCT CRUDE HIGH 3672, OUR T3 IS 3675/BUY GIVEN UIPTO 3622/BOOK MAX PROFITS.

MRKT ALERT 6.53 PM

MCX OCT CRUDE HIGH 3672 T3 ALMOST ACH AT 3675/ BUY GIVEN UPTO 3622.

MCX OCT CRUDE OIL HIGH RISK TRADERS HOLDING LONGS AT 3622 HOLD FO EXT TGT 3675 AND TRAIL SL TO 3625.

MCX OCT CRUDE APP T2 AT 3665 CMP 3655 BOOK FURTHER PROFITS.

MCX OCT CRUDE OIL: T1 ALMOST ACH AT 3645. HIGH 3644.

MCX OCT CRUDE OIL APP T1 AR 3645, BUY GIVEN AT 3622/CMP 3639/BOOK FURTHER PROFITS

MCX OCT CRUDE OIL: BOOK PART PROFITS UPTO 3633/ BUY GIVEN UPTO 3622/OTHERS HOLD FOR LEVELS.

Buy crudeoil oct Between 3618-3622 SL Below 3588 T1 3645 T2 3665 (High Risk)

UPDATES FOR OCT 4 2010

OCT 4 MONDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 3588 , S2 RS 3562 , S 3RS 3538

R1 RS 3639 , R2 RS 3661 , R3 RS 3688

WAIT FOR CONFIRMATION .

GM, OCT4,7.30AM: CRUDE$81.55,TRADING FLAT EARLY,NAT GAS$3.75 OPENS LOWER ABOUT 1%//BULLIONS OPEN HIGHER GOLD HITS HIGH $1320 CMP$1318, SILVER HITS HIGH$22.21, CMP $22.13 MCX OPEN DEPOENDS ON INR OPEN// BASE METALS OPEN MARGINALLY POSITIVE OPENS HIGHER ABOUT 0.40%!!!

BASE METALS RALLIED SHARPLY LME COPPER HIT HIGH$8170 AFTER VERY GOOD CHINA PPI DATA RELEASED YESTERDAY MORNING BEFORE THEIR HOLIDAYS, MCX RAPICES RALLIED SHARPLY BUT WERE MUTES AFTER MIXED DATA FROM US LAST EVENING AS ALSO SHARP APPRECIATION IN INR/./EASING OF STIMILUS MEASURES BY FED CLD WEAKEN THE DOLLAR FURTHER AND PUSH UP COMMODITIES FURTHER, BUT IF DATAS IN COMING WEEK ARE ALSO GOOD WOULD THE FED VENTURE IN TO ANY FURTHER EASING??? COPPER SUPP 358.50 RES 366, NICKEL SUPP 1058 RES 1078, ALUMINIUM SUPP 103.90 RES 106///

GM OCT 2, 9 AM: CRUDE $81.70, SUPP NOW AT 3600 CLD TEST NEXT RES 3650, SHARP RALLY IN INR OVER LAST 3 DAYS HAS HELD BACK PRICES IN MCX//NAT GAS $3.79//GOLD$1317, NEXT RES AT 1325 TO 1330 SUPP NOW AT 1305; SILVER$22.05 RES 22.22 SUPP 21.85 MCX RES 33350 SUPP 32900, BULLIONS MCX PEGGED DOWN DUE SHARP RALLY IN INR, INR NEXT SUPP AT 44 AND 43.60, BULLIONS IN MILD OVER BOUGHT ZONE TECHNICALLY BUT DEPENDS ON NEXT FED MOVE ON EASING STIMULUS MEASURES OR NOT FOR NEXT MOVE, GOLD RALLY IN TACT SO LONG AS @1280 NOT BROKEN!!!!

MRKT ALERT 5.53 PM

MCX OCT CRUDEOIL TRADERS HOLDING LONGS CAN BOOK PART PROFITS UPTO 3630, BUY GIVEN ABOVE 3600.

TRADING CALL FOR OCT 1 FRIDAY 10.30 AM IST


MCX OCT Crude oil positive above Rs 3600 with support

at Rs 3585 and cld tgt Rs 3636 / 3650 .

( High risk traders could operate with levels given )

GM OCT1,7.40AM: CRUDE$80.14, LTP 3590 CLD TEST RES 3610 SUPP AT 3570/NAT GAS$3.84//GOLD$1309,SILVER$21.83 SUPP 32800 RES 33350//LME COPPER TRADING AROUND$8020 COMMEX COPPER$3.67 OPENS POSITVE SUPP 359 RES 363.50 RANGE BOUND TILL THEN, NICKEL RES 1060 SUPP 1046, ZINC AND LEAD LACKING CLEAR DIRECTION, ALU BULLISG RES 105.30 SUPP 104//CHINA CLOSED FROM TODAY FOR 8 DAYS//DATA TONITE : CONSUMER CONFIDENCE ,ISM MANU DATS EXP TO BE MIXED AND NEUTRAL FO DOLLAR