UPDATES FOR DEC 31 2010

DEC 31 FRIDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 4015 , S2 SR 3985 , S3 RS 3965

R1 RS 4065 , R2 RS 4095 , R3 RS 4125

WAIT FOR CONFIRMATION .

GM DEC 31,7.30AM; CRUDE $89.72 LTP4033 SUPP 4020 RES 4080 TRADING FLAT/NAT GAS TRADING FLAT LTP 193.30 SUPP 190 ES 195-197/GOLD$1408, SILVER $30.60 SILVER LTP 45920 SUPP 45700 RES 46250/BASE METALS TRADING FALT TO MILD POSITVE COPPER CLOSED AT NEW HIGH 435.85 RES 437 SUPP 434/

MRKT ALERT 9.33 PM

crude inv down 1.2 mb

MRKT ALERT 9.33

crude inv down 1.2 mb

MRKT ALERT 7.52 PM

MCX JAN CRUDEOIL T2 ACH AT 4070, SELL GIVEN AT 4120 TRADERS CAN BOOK FULL PROFITS.

MRKT ALERT 7.21 PM

MCX JAN CRUDEOIL T1 ACH AT 4090, SELL GIVEN AT 4120.

MRKT ALERT 5.58 PM

MCX JAN CRUDEOIL AS NEXT SUP AT 4090-4084 AND IMM RES 4110/ COULD TEST SUP GIVEN.

MRKT ALERT 5.16 PM

MCX JAN CRUDEOIL CMP 4097 APP OUR T1 AT 4090/ HIGH RISK SELL ADIVSED UPTO 4120/ BOOK MAXIMUM PROFIT.

MRKT ALERT 2.57 PM

MCX JAN CRUDEOIL TRADING AT STRONG SUP 4100-4110 LOW 4108 HIGH RISK TRADERS HOLDING SELLS UPTO 4120 BOOK PART PROFITS UPTO THESE LEVELS. CMP 4109.

MCX JAN CRUDE OIL: WEAK BELOW 4115-4120 WITH RES ABV 4145 AND CLD TEST SUPP 4090-4070/ LEVELS FOR HIGH RISK TRADERS FOR SELLS.

MCX JAN CRUDE OIL HAS SUPPORT AT 4080 AND CLD TEST RES 4150-4165/MILD POSITIVE IF SUSTAINS ABV 4115/

TECHNICALS FOR DEC 30

MCX JAN CRUD EOIL

SUPP:4110/4100/4090

RES: 4150/4165/4178

DATA TONITE: 7PM UNEMPLYMENT CLAIMS PREV 420K SURVEY 416K/8.30PM PENDING HOME SALES PREV 10.4% SURVEY 1.8%/9PM NAT GAS STORAGE PREV -184BCF SURVERY-171BCF/9.30PM CRUD EINVENTPRY PREV-5.3M SURVER -2.8M.

GM DEC 30,8.15AM: 91.13 LTP 4122 SUPP 4090 RES 4140-4160-4180 TRADES FLAT/NAT GAS$4.30 LTP 193.70 RES 196.50 SUPP 190 TRADES FLAT/ GOLD$1413, SILVER$30.60 BULLIONS TRADE FLAT, SILVER LTP 46024 SUPP 45650 RES 46200-46400 OVERALL POSITIVE//BASE METALS TRADING FLAT COPPER LTP 429.50 SUPP 427.50 RES 432.

MCX JAN CRUDEOIL TRADING RANGE BOUND WITH SUPP AT 4115-4108 RES AT 4150/PREFER WAIT FOR FRESH ENTRY.

technicals for dec 29

mcx jan crude oil

supp; 4120/4105/4090

res: 4148/4164/4180

GM DEC 29,7.45AM; CRUDE$91.33,CRUDE LTP 4137 RES 4148-4164 SUPP 4115/ NAT GAS$4.26 TRADING FLAT, CRUDE INVENTORY EXP ON DEC 30 AT 9.30PM EXP DOWN 2.8MB VS -5.3MB// BULLIONS TRADING FIRM GOLD$1404, SILVER$30.19 LTP 45586,SILVER TRADING ABV STRONG RES$30 IF SUSTAINS CLD TEST $30.50-31-31.50, MCX RES ARD 45700-45750//BASE METALS OPEN MARGINALLY LOWER COPPER DN ARD 0.50%/

MCX JAN CRUDE OIL UPDATE: MARGINALLY WEAK BELOW 4136 WITH RES AY 4148 AND CLD TEST SUPP 4125-4122// LEVELS ONLY.

TECHNICALS FOR DEC 28

MCX JAN CRUDE OIL

SUPP: 4125/4110/4090

RES: 4165/4185/4210

UPDATE AT 8.30AM: CRUDE FLAT FLAT, NAT GAS MARGINALLY DOWN//GOLD CLD OPEN HIGHER ARD RS 60-RS70; SILVER CLD OPEN HIGHER ARD 44500-44600, HOLD CARRYOVER BUYS AT 44300 FOR TGTS 44600/44850;// COPPER TRADING HIGHER ARD 0.50% CLD OPEN ARD 431//

GM DEC 28,7.25AM:CRUDE$91.18 LTP4141 RES 4160 SUPP 4115 TRADES FLAT/NAT GAS44.08 trading flat at lows/GOLD$1388 SILVER$29.43 BULLIONS TRADING HIGHER , HOLD CARRYOVER LONGS MARCH SILVER MINI AT 44300//BASE METALS TRADING FIRM COMEX COPPER LTP 429.85 RES 431.70 SUPP 426 EXP POSITIVE OPEN.

MRKT ALERT 8.56 PM

MCX JAN CRUDEOIL TESTED OUR T1 AT 4125, SELL GIVEN AS LEVELS WEAK BELOW 4140.

MRKT ALERT 6.08 PM

CORRECTION : MCX JAN CRUDE WEAK BELOW 4140 WITH RES 4160 AND COULD TEST 4125/4115 LEVELS.

MRKT ALERT 6.06 PM

MCX JAN CRUDE SELL BELOW 4140 WITH RES 4160 AND COULD TEST 4125/4115 LEVELS.

Crudeoil looks positive above 4150 and could test 4170 - 4190 levels strong sup seen below 4135 levels.

UPDATES FOR DEC 27 2010

DEC 27 MONDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 4140 , S2 RS 4121 , S3 RS 4095

R1 RS 4183 , 2 RS 4202 , R3 RS 4229

WAIT FOR CONFIRMATION .

GM DEC 27,7.40AM;XCRUDE$91.20 OPEN MARGINALLY DOWN ARD 0.30 CENTS LTP 4161 RES 4175 SUPP 4115, CLD OPEN ARD 4150/NAT GAS OPENS LOWER ARD 1% LTP 183.60 SUPP 180 RES 187 CLD TEST SUPP/GOLD$1382,SILVER429.20 BULLIONS TRADING FLAT/BASE METALS TRADING MARGINALLY HIGHER(0.25%) AFTER TRADING DOWN UPTO 1% IN EARLY TRADES /LME CLOSEDTODAY AND TOMNORROW/ CHINA INCREASES INT RATES BY 0.25%/

China Raises Interest Rates by 25 Basis Points in Bid to Curb Inflation

MCX JAN CRUDE OIL UPDATE: REMAINS POSITIVE ABV 4145 WITH SUPP AT 4110 AND CLD TEST RES 4170-4185-4195/LEVELS FOR TRADERS.

MCX JAN CRUD EOIL; RESET BUY TRIGGERED AT 4096/BOOK PART PROFITS AT CMP 4106.

Buy Crudeoil Jan between 4095 - 4098 SL below SL below 4078 T1 4120 T2 4140. Medium Risk.

UPDATES FOR DEC 23 2010

DEC 23 THURSDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 4078 , S 2RS 4057 , S3 RS 4035

R1 RS 4125 , R2 RS 4145 , R3 RS 4165

WAIT FOR CONFIRMATION .

GM DEC 24,7.45AM:CRUDE$90.68 LTP4099 RES 4120-4130 SUPP 4070 EXP MILD POSITIVE OPEN/NAT GAS LTP185.40 RES 190 SUPP 183 EXP OPEN NEGATIVE//GOLD41387 SILVER$29.29 BULLIONS TRADING FLAT//BASEMETALS TRADING FLAT COPPER LTP 427 RES 430 SUPP 425, NICKEL LTP1089 SUPP 1080 RES 1102//

MCX JAN CRUDE POSITVE ABV 4090 WITH SUPP AT 4070 AND CLD TEST RES 4110 CMP 4083.

UPDTAES FOR DEC 22 2010

DEC 22 WEDNESDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 4060 , S2 RS 4030 , S3 RS 4007

R1 RS 4110 , R2 RS 4135 , R3 RS 4156

WAIT FOR CONFIRMATION .

GM DEC 22,7.45AM; CRUDE $89.95 LTP 4085 SUPP 4060 RES 4110 EXP FLAT TO MILD POSITIVE OPEN/NAT GAS LTP 186.50 SUPP 185 RES 190/GOLD$1389, SILVER$29.32 LTP 44529 BULLIONS RANGEBOUND SIL RES 44800 SUPP 44100// BASE METALS OPEN FLAT LME COPPER $9320 SAW SHARP UPMOVE YESTERDAY AFTER RECORD CHINA IMPORTS AND SUPPLY DISRUPTIONS IN CHINA COPPER RES 430 SUPP 425//

MRKT ALERT 8.45 PM

Expected Crude Oil Inventories Forecast -1.1M Previous -9.9M (Actual to be released tomorrow 9:00pm

MRKT ALERT 6.57 PM

MCX Jan Crude oil positive above Rs 4072 , with support at Rs 4064 and could test Res at Rs 4090 / 4100 / 4110 . Levels for High Risk Traders

UPDATES FOR DEC 21 2010

DEC 21 TUESDAY

TARDING LEVELS FOR MORNING SESSION

S1 RS 4031 , S2 RS 4007 , S3 RS 3985

R1 RS 4080 , R2 RS 4105 , R3 RS 4130

WAIT FOR CONFIRMATION .

GM DEC 21.7.50AM; CRUDE$89.65 LTP 4058 SUPP 4025 RES 4075 EXP OPEN MILD POSITIVE/NAT GAS LTP189.40 SUPP 184.80 RES 192.50/195 EXP POSITIVE MOMENTUM ABV 190 CLD TEST RES// GOLD$1387/ SILVER$29.33 LTP44552 SUPP 44060 RES 44800-44850 EXP BULLIONS OPEN SAME LEVELS/ BASE METALS OPEN MILD POSIITIVE COP LTP 422.90 SUPP 420.50 RES 425 LME COPPER AT$9220// HOLD LONGS IN COPPER, ZINC AS PER LEVELS YESTERDAY/

UPDATES FOR DEC 20 2010

DEC 20 MONDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 4038 , S2 RS 4019 , S3 RS 3993

R1 RS 4081 , R2 RS 4100 , R3 RS 4127

WAIT FOR CONFIRMATION .

MKTS UNCERTAIN AFTER EARLY POSITIVE START AS NORTH KOREA AND SOUTH KOREA ENTER INTO NEW WAR OF WORDS!!!!

INR WEAKNENS SHARPLY BY 27 PAISE AT OPEN/ CLD PUSH UP OR HOLD COMM HIGHER!!CMP 45.61.

GM DEC 20,7.10AM: CRUDE$88.36 OPENS MARGINALLY HIGHER EXP OPEN HIGHER//NAT GAS OPENB SLOWER ARD 1% RES 190 SUPP 183/ BULLIONS OPEN SSHARPLY HIGHER GOLD$1384 HIGHER BY ARD RS 80; SILVER $29.37 HIGHER ARD RS 200-250 AS PER CURRENT LEVELS/BASE METALS OPEN SHARPLY HIGHER, LME COPPER$9221 UP OVER 1%, ZINC AND LEAD OPEN HIGHER OVER 1.5%/COPPER LTP 419.20 RES 421-423-425 SUPP 416, CLD OPEN AT RES/NICKEL LTP 1131.80 RES 1135-1140 SUPP 1120//

MARKET ALERT ON DEC 17 FRIDAY 7.10 PM IST

MCX Jan Crude looks positive above Rs 4035 .

It could test Res at Rs 4065 ,

Support is seen below Rs 4017 .

LEVELS ONLY .

4,15PM

MCX EXCHANGE LOGGED OFF DUE TECHNICAL ISSUES.

UPDATES FOR DEC 17 2010

DEC 17 FRIDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 4048 , S2 RS 4015 , S3 RS 3985

R1 RS 4095 , R2 RS 4120 ,R3 RS 4150

WAIT FOR CONFIRMATION .

UPDATE AT 9AM; EXP OPENING; GOLD UP RS 70RS, SILVER HIGHER ARD 44400/CRUDE4015, NAT GAS ARD 184/COPPER ARD 418-418.50//

GM DEC 17,7.45AM; CRUDE$88.24 LTP 4002 RES 4030 SUPP 3980 FLAT OPEN/NAT GAS$LTP 185.20 SUPP 183 RES 190 EXP OPEN MILD DOWN/ GOLD$1374 SILVER$29.10 EXP BULLIONS MUILD POSITVE OPEN SILVER ARD 44200-44250 RES 44500 SUPP 43770/ BASE METALS OPEN SHARPLY HIGHER COPPER OPEN HIGHER ARD 0.80% LTP 414.90 CLD OPEN ARD 417/NICKEL LTP 1121 RES 1128 SUPP 1112/ZINC AN DLEAD HIGHER OVER 1%.

MARKET ALERT ON DEC 16 THURSDAY 9.20 PM IST

MCX Dec Crude oil update :

Mild positive above Rs 3995 ,

with support at Rs 3978 and

Res at Rs 4025 / 4040 .

Levels only .

UPDATES FOR DEC 16 2010

DEC 16 THURSDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 4048 , S2 RS 4015 , S3 RS 3985

R1 RS 4095 , R2 RS 4120 , R3 RS 4150

WAIT FOR CONFIRMATION .

UPDATE T 9 AM: EXP BASE METALS OPEN WITH MILD NEGATIVE BIAS COPPER CLD OPEN ARD 415.30-415.50/BULLIONS OPEN DOWN/CRUDE SAME AS CLOSE LEVELS, NAT GAS MARGINALLY HIGHER/INR OPENS HIGHER 15 PAISE AT 45.56/ CLD HOLD COMM LEVELS.

GM DEC 16,7.30AM:CRUDE$88.51 LTP 4019 WEEKLY SUPP AT 3970 RES 4040-4065 EXP OPEN FLAT/NAT GAS$4.24 TRADES FLAT LTP192.60 SUPP 190 RES 196 INV TONITE EXP POSITVE FOR PRICES/BULLIONS LOWER GOLD$1380 SUPP$1372, SILVER$29 EXP WEAK OPEN SILVER WEEKLY SUPP 44000-43800 RES 44680 PROFIT BOOKING FOR YEAREND COMING/BASE METALS TRADES FLAT COP LTP 416 SUPP 414-412.50 RES 419.50, NICK LTP 1115 SUPP 1097 RES 1025.50 LOOKS POSITIVE/

Crude Oil Inventories Act -9.9M Fore -2.7M Prev -3.8M Prices may trade higher

MCX JAN CRUDE OIL UPDATE; POSITVE ABV 4033 WITH SUPP AT 4017 AND CLD TEST RES 4045/4055/./ LEVELS FOR TRADERS/

Copper looks positive but facing strong res levels around 420 levels. More buying could come on a strong break above this or around 416 levels. Nickel trading bit weak if sustains below 1100 levels. Lead again caught around 108 - 110 levels. Zinc around 104 - 105. Both cant able to break resistance levels.
: Crudeoil trading range bound between 3970 - 4000. No trading opportunity seen. Gas buying could come around low 193 levels. Weak below this.

INR OPENS WEAKER BY 25 PAISE AT 45.21// CLD HOLD BULLIONS//

TECHNICALS FOR DEC 15

MCX DEC CRUD EOIL

SUPP:3970/3958/3945

RES: 4010/4028/4040

GM DEC 15, 7.45AM; CRUDE$88 LTP 3990, WEEKLY BASIS POSITVE ONLY ON CLOSE ABV $90 RES NOW AT 4030 SUPP 3960/ NAT GAS$4.24 SUPP 191 RES 198/GOLD$1395, SILVER429.48 TRADING FLAT//BASE METALS TRADES FLAT TO MILD POSITVE COPPER OVERALL POSITVE WEEKLY BASIS SUPP 415 RES 421-424-426 ; NICKEL SUPP 1100 RES 1120-1125//COPPER ETF'S BEING LAUNCHED SHORTLY OVERSEAS, COPPER FUT SEEING STEADY ACCUMULATION/

FED KEEPS INTEREST RATES UNCHANGED AT 0.25%/COMMENTS ECONOMIC RECOVERY STILL SLOW/ COMMITS TO RECOVERY STIMULUS PACKAGE /US DOLLAR INDEX AT 79.58.

EXP CRUDE OIL INVENTORY FORECAST -2.9 MB PREVIOUS -3.8 M/TO BE RELEASED TOMORROW AT 9 PM.

MCX DEC CRUDEOIL LOW 3963 /HAD GIVEN LEVELS WEAK BELOW 3982 CLD TEST 3970-3962-3955//

MCX DEC CRUDE OIL: LOW 3971/ GIVEN LEVELS WEAK BELOW 3982 FOR TESTING SUPP 3970-3962-3955.!!

MCX DEC CRUDEOIL UPDATE; MARGINALLY WEAK BELOW 3982 WITH RES ABV 4006 AND CLD TEST SUPP 3970-3962-3955// LEVELS //

UPDATES FOR DEC 14 2010

DEC 14 TUESDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 3961 , S2 SR 3930 , S3 RS 3900

R1 RS 3998 , R2 RS 4021 , R3 RS 4045

WAIT FOR CONFIRMATION .

UPDATE AT 8.15 AM; BULLIONS TRADING HIGHER GOLD$1402( LD OPEN HIGHER ARD RS 70)SILVER 429.72 CLD OPEN HIGHER ARD 44600-44650 DEPENDS ON INR OPEN SILVER NEXT RES $30-$30.50/ FOMC DECISION IMPACT MORE ON BULLIONS/COPPER NICKEL TRADING MARGINALLY LOWER ARD 0.205, ZINC HIGHER ARD 0.50%.

GM DEC 14,7.45AM; ALL COMM TRADING FLAT AHEAD OF FED MEET IN US TONITE/ CRUDE$88.40 LTP3972 SUPP 3960 RES 4030/NAT GAS$4.41// GOLD$1400, SILVER$29.68 EXP OPEN MILD POSITVE LTP 44400 RES 44780 SUPP 44300/COPPER LTP 420 RES 421-423 SUPP 415 TRADING FLAT/ NICKEL LTP1112.30 RES 1121 SUPP 1002//

MCX DEC CRUD EOIL UPDATE; WEEKLY BASIS SUPP AT 3975 AND CLD TEST RES 4040-4050-4060// COPPER UPDAYE; POSITVE WITH WEEKLY SUPP NOW AT 414 AND CLD TEST RE 421-422-423

Copper breaks life high and looks positive above 415 till 420 - 422 levels. Strong sup seen at 413.Crudeoil trading range bound still between 3970 - 4030. Etiher break and close could decide further opportunity.

UPDATES FOR DEC 13 2010

DEC 13 MONDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 3945 , S2 RS 3926 , S3 RS 3900

R1 RS 3988, R2 RS 4007 , R3 RS 4034

WAIT FOR CONFIRMATION .

UPDATE AT 8.20AM; CRUDE TRADING MARGINALLY HIGHER ARD $88, NAT GAS UP OVER1%//SILVER UP ARD 25 CENTS CLD OPEN ARD 43600//GOLD FLAT//COPPER UP ARD 0.80% CLD OPEN ARD414-414.50/ ZINC UP ARD 2%, LEAD, ALU UP OVER 1%/NICKEL MARGINALLY HIGHER CLD OEPN ARD 1090-1092// COMM REACTING POSITIVE AFTER CHINA DID NOT INCRESE INTEREST RATE AS EXP BT MKTS//CAUTION: FOMC MEET IN US TOMORROW!! INTEREST RATES EXP TO BE KEPT UNCHANGED//

gm dec 13,7.30am: crude trading flat$87.78 ltp 3968 supp 3940 res 3910; nat gas $4.48 opens higher 1 %/ gold $1385( tardes flat), silver 28.81 opens higher marginally ltp 43415 supp 43000 res 43650 cld test res at open/ base metals open higher copper up ard 0.80% lme copper$9060 /china inflation at alltime high even as china does not raise inteerest rates//

UPDATES FOR DEC 10 2010

DEC 10 FRIDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 3885 , S 2 RS 3951 , S3 RS 3930

R1 RS 4035 ,. R2 R S4062 , R3 RS 4089

WAIT FOR CONFIRMATION .

UPDATE AT 8.30AM: CRUDE$88.50//BASE METALS TRADING MARGINALLY HIGHER , COPPER UP ARD 0.40%//

GM DEC 10,7.50AM; CRUDE $88.43LTP 4019 RES 4040 SUPP 3990/NAT GAS $4.42 LTP 203.80/GOLD$1390, SILVER$28.91 LTP 43688 RES 44000 SUPP 43300/BASE METALS TRADING FLAT AHEAD OF CHIMESE EXPORT/IMPORT DATA THIS MORNING AND ITS POSSIBLE IMPACT/COPPER 408.70 SUPP 406 RES 410.50/NICKEL 1068 SUPP 1060 RES 1077//

MCX DEC CRUDE POSITVE WITH SUPP AT 3990 AND CLD TEST 4040 LEVELS, POSITVE ABV 4010 /// MCX DEC NAT GAS POSITVE ABV 208 WITH SUPP 205.50 AND CLD TGT 211 // MCX DEC LEAD MINI POSITVE ABV 108.50 AND CLD TGT 109.50/110.50 WITH SUPP 106.70 // COPPER POSITVE ABV 413 WITH SUPP 410 AND CLD TEST RES 415-417-418( HIGH RISK)/// ALL GIVEN AS LEVELS FOR TRADERS TO OPERATE WITH LEVELS GIVEN

TECHNICALS FOR DEC 9

MCX DEC CRUDE

SUPp; 3980/3961/3945

RES: 4028/4040/4062

COPPER TRADING HIGHER ARD 0.70% MCX TERMS ARD 314// DOLLAR INDEX BREAKS BELOW 80 CMP 79.70//CTRUDE$88.90 MCX ARD 4025//

ALERT: TRADE LESS ON INTRADAY BASIS AS MKTS EXP CHINA INTEREST RATE HIKE ANOTHER ROUND BY WEEKEND!!!

ALUMINIUM ROSE SHARPLY YESTERDAY AFTER NEWS THAT SOUTH AFRICAN MINE BHP BHILTON ANNOUNCED A STRIKE//EXP CRUD EOPEN POSITVE ARD 4030/NAT GAS TO TEST RES 208-210/COPPER CLD OPN MILD HIGHER ARD 413/ NICKEL CLD TEST RES 1100-1100 HOLD LONGS AS PER CALL YESTERDAY/SILVER MINI POSITVE OPEN ARD 43300-43350/GOLD HIGHER ARD RS 50// ALL AS PER CURRENT TREND , ALSO DEPENDS ON INR OPEN!!!

GM DEC 9,7.45AM:GOLD$1387,SILVER$28.57 BULLIONS OPEN OFF LOWS OF YESTERDAY SILVER SUPP 42750 RES 43400/43600, EXP MILD POSITVE OPEN//CRUDE$89.02 LTP 4010 SUPP 3990 RES 4030-4040 EXP POSITVE OPEN; NAT GAS$4.60 SHARP RISE YESTERDAY AFTER ESTIMATE SHARP DROP IN INVENTORY RES 208-210 SUPP 203.50/BASE METALS TRADING FLAT COPPER LTP 412 SUPP 408 RES 413.50-414; NICKEL LTP 1097 RES 1105-1110 SUPP 1087 OVERALL BULLISH/

MARKET ALERT ON DEC 8 WEDNESDAY 9.00 PM IST

Crude Oil Inventories Act -3.8M

Fore -1.3M

Prev 1.1M

prices may trade higher

Sell Crudeoil Dec between 3986 - 3990 SL above 4006 T1 3960 T2 3940.

EXP CRUDE INVENTORIES : CRUDE DOWN 1.3 MB, DISTILLATE DOWN 0.5 MB, GASOLINE UP 0.5MB/ACTUALS AT 9 PM.

TECHNICALS FOR DEC 8

MCX DEC CRUDE OIL

SUPP:3960/3935/3900

RES: 4020/4040/4060

ALL COMM ZOOMED YESTERDAY AFTER US GOVT DECIDED TO EXTEND TAX BREAKS BY ANOTHER 2 YEARS, DECREASE IN MONEY MKT INTEREST RATES IN CHINA, DECREASING INVENTORIES IN LME AND CHINA/ CORRECTION CAME AFTER USD STRENGTHENED LATER EVENING AFTER US ANNOUNCEMENTS AND PROFIT BOOKING SET IN/ EXP SHARP GAPDOWN OPEN BULLIONS , CRUDE DOWN ABT RS 25, BASE METASL COPPER DN ARD 0.60%, ZINC LEAD ABOUT 1%, NICKEL DN ARD0.50%/ SUPPORTS COPPER 398 , NICKEL 1064,ZINC 100.50//

GM DEC 8,7.40AM: BULLIONS CORRECTED SHARPLY AFTER HITTING LIFE HIGHS YESTERDAY; GOLD$1398, SILVER$28.78 WAIT FOR FRESH ENTRY, EXP GAP DOWN OPEN //CRUDE$88 LTP 3992 SUPP 3960 RES 4025 EXP DOWN OPEN/NAT GAS$4.38 LTP 199.30 SUPP 198 RES 205 EXP FLAT OPEN//BASE METALS CORRCET DOWN AFTER HITTING NEW HIGHS, EXP OPEN LOWER COPPER ARD 0.50%LTP 402.15 SUPP 398 RES 406//

MCX DEC CRUD EOIL UPDATE; GAVE BUY YESTERDAY CARRYOVER FOR HIGH RISK TRADERS APP T2 AT 4060( BUY AT 4018)/ HOLD FOR T3 AT 4085 AND TRAIL SL TO 4020.

MCX DEC CRUDEOIL TRADING AT DAYS HIGH 4027/ BUY FROM YESTERDAY AT 4018/ NEXT RES 4031/4040.

TECHNICALS FOR DEC 7

MCX DEC CRUDE OIL

SUPP: 3978/3965/3950

RES: 4020/4040/4060

UPDTAE AT 8.40AM; CRUDE RECOVERING CMP $89.18, BASE METALS TRADING AT SAME LEVELS AS CLOSE LAST NIGHT// EXP BULLIONS TO OPEN GAP UP DEPENDS ON INR OPEN, SILVER CLD TEST RES 45000-45200; GOLDMINI JAN 20820-20860/

GM,DEC 7,7.30AM: CRUDE$88.97 LTP4002 SUPP 3975 RES 4030TRADING MARGINALLY WEAK/NAT GAS LTP 202 OPENS MARGINALLY HIGHER RES 205 SUPP 198//BULIONS ZOOM TO LIFEHIGHS GOLD HITS HIGH LAST NIGHT$1427 CMP $1420,SILVER HIGH$30.24 CMP$30.01 EXP POSITVE OPEN( LONGS IN GOLDMINI AND SILVER MINI AS PER YESTERDAYS BUY CALLS ON, HOLD AS PER LEVELS GIVEN)//BASE METALS TRADING FLAT COPPER LTP 399.30 RES 401 SUPP 396, NICKEL LTP 1066 SUPP 1056 RES 1077/DOLLAR INDEX 79.60.

Copper trading tight between 396-400.A break and close above400.50 could see more upside till 403-405

MCX DEC CRUD EOIL; BOOK PART PROFITS AT 4025-4030/ BUY GIVEN ABV 4015.

Buy Crudeoil Dec abv 4015 SL below 3990 T1 4045 T2 4060. High Risk

MCX DEC CRUDEOIL AT HIGH 4034/ BUY GIVEN AT 4018-4020/BOOK FURTHER PART PROFITS.//GIVEN AS LEVELS FOR TRADERS.
MCX DEC CRUDEOIL AT HIGH 4034/ BUY GIVEN AT 4018-4020/BOOK FURTHER PART PROFITS.//GIVEN AS LEVELS FOR TRADERS.

MCX DEC CRUDE LOW AFTERPOUR RECOMMENDATION FOR BUY TRADE AT 4019( GIVEN AS LEVELS), BOOK PART PROFITS FOR TRADERS HOLDING LONGS UPTO 4030.

Crudeoil looks positive. Weekly looks more bullish. Res 4030. Sup 4000 - 3980.

MCX DEC CRUDE OIL POSITIVE ABV 4018 WITH SUPP BELOW 4000 AND CLD TEST 4040/4060//LEVELS FOR TRADERS.

TECHNICALS FOR DEC 6

MCX DEC CRUDE OIL

SUPP: 4010/3985/3960

RES: 4060/4078/4095

BULLIONS POSITVE AFTER FED CHAIRMAN STATES STRONG CASE FOR PURCHASE OF MORE TREASURY BONDS AND FOR MORE LIQUIDITY IN MKTS/IMPACT: USD CLD WEAKEN AND BULLIONS CLD BE SOUGHT AS ALTERNATE INVESTMENTS// CRUDEOIL RISES TO 26 MONTH HIGH ON HOPES OF DEMAND RECOVERY/

GM DEC 6,7.10AM: CRUDE$89.30 FLAT TO MILD POSITVE OPEN LTP 4037 RES 4060 SUPP 4000/NAT GAS$4.40 OPENS POSITVE LTP 195.70//GOLD$1412 TRADING FLAT/ SILVER OPENS HIGHER ABOUT 1% AT $29.60( AS ALERTED 8 DAYS BACK AGO IF CLOSES ABV 42200 CLD TGT 45000, 46000!!!)//BASE METALS OPEN FLAT COPPER LTP 400.30 RES 402-403 SUPP 396//US DOLLAR INDEX 79.41//

MARKET ALERT ON DEC 3 FRIDAY 1.00 PM IST

MCX Dec Crude looks positive above Rs 3950

And could test Rs 4000 levels .

These are trading levels only .

MARKET ALERT ON DEC 2 THURSDAY 8.40 PM IST

MCX Dec Crude klooks positive above Rs 3955

Immediete support seen below Rs 3938

Could test Res at Rs 3970 .

These are Trading levels only .

UPDATES FOR DEC 2 2010

DEC 2 THURSDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 3905 , S2 RS 3875 , S3 RS 3840

R1 RS 3954 , R2 RS 3975 , R3 RS 4005

WAIT FOR CONFIRMATION .

GOOD MORNING FOR DEC 2 THURSDAY

Crude oil rallied higher after greater than forecast UD economic

growth .

Chinese manufacturing data also showed an increase

which fyrther added to the momentum .

Cold weather also hits the Northern Hemisphere ,

Crude oil Future now trading at $ 86.49 .

MARKET ALERT ON DEC 1 WEDNESDAY 9.00 PM IST

Crude oil inventories A 1.1M

F-0.8M

P1.0M

MARKET ALERT ON DEC 1 WEDNESDAY 7.55 PM IST

MCX Dec Crude looks positive above Rs 3905

Support seen below Rs 3885

Res is seen above Rs 3940

These are levels only .

TECHNICALS FOR DEC 1

MCX DEC CRUDE OIL

SUPP:3900/3885/3870

RES: 3930/3955/3974

GM DEC 1,7.30AM:CRUDE $84, LTP 3924 SUPP 3890-3900 RES 3950/NAT GAS$4.21 LTP 193.80 RES 198 SUPP 190//GOLD$1388.50 SILVER$28.14, BULLIONS ZOOMED LAST NIGHT AND TRADING ABV RES ON SAFE HAVEN DEMAND/BASE METALS TRADING FLAT TO MARGINALLY DOWN/DOLLARINDEX AT 81.30/EURO CRISIS FEARS OF SPREADING LINGERS PUSHING DOWN CRUDE AND TAKING BULLIONS HIGHER/