MARKET ALERT ON MAY 31 MONDAY 5.00 PM IST

MCX June Crude now has support at Rs 3445

Res is seen above Rs 3486.

CMP Rs 3467.

Ha a negative bias .

These are levels for trading .

UPDATES FOR MAY 31 2010

MAY 31 MONDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 3441 , S2 RS 3405 , S3 RS 3385

R1 RS 3478 , R2 RS 3501 , R3 RS 3533

WAIT FOR CONFIRMATION .

MKT ALERT AT 6.30PM

REMINDER: CRUDE NOT SUSTAINING AT HIGHER LEVELS HAS RES ABV 3515 AND CLD TEST SUPP 3450//WEAK BELOW 3450!!!

TECHNICALS FOR NYMEX TRADE FOR MAY 28 2010

MAY 28 FRIDAY

TRADING LEVELS FOR EVENING SESSION

S1 RS 3490 , S2 RS 3465 , S 3 RS 3430

R1 RS 3520 , R2 RS 3545 , R3 RS 3560

WAIT FOR CONFIRMATION .

MARKET ALERT ON MAY 28 FRIDAY 2.10 PM IST

MCX June Crude traders holding buys as per our call above Rs 3490

can book part profits at CMP Rs 3510.

Others can hold with same levels as given .

MCX Jun Crudeoil Looks firm above 3490 and could test 3530 - 3550 - 3570 with sup seen below 3450 (Levels for High Risk Traders ))

UPDATES FOR MAY 28 2010

MAY 28 FRIDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 3441 , S2 RS 3405 , S3 RS 3385

R1 RS 3498 , R2 RS 3525 , R3 RS 3560

WAIT FOR CONFIRMATION .

MARKET ALERT ON MAY 26 WEDNESDAY 8.00 PM IST

EIA Crude inventories

Crude up 2.4 mnbrl

Distillate down 0.3 mnbrl

Gasoline down 0.2 mnbrl

UPDATES FOR MAY 26 2010

MAY 26 WEDNESDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 3231 , S2 RS 3205 , S3 RS 3185

R1 RS 3285 , R2 RS 3305 , R3 RS 3325

WAIT FOR CONFIRMATION .

MKT ALERT AT 2.10PM

MCX JUNE CRUDE : HIGH RISK TRADERS HOLDING SELLS AT 3270 BOOK PROFITS AT 3235.

MRKT ALERT 12.30 PM

MCX Jun Crudeoil high risk traders holding sells below 3270 can book part profits upto 3252, others can hold for further levels given.

MCX JUNE CRUDE OIL:STRONG SUPP AT 3270 , A BREAK OF WHICH CLD TEST 3250/3240 LEVELS RES NOW AT 3310( LEVELS)

TECHNICALS FOR MAY 25

MCX JUNE CRUD EOIL

SUPP:3280/3260/3240

RES: 3335/3360/3390

MCX JUNE CRUDE: LOW RISK TRADERS BOOK PART PROFITS UPTO 3318/BUY GIVEN AT 3300 TO 3305 LEVELS/OTHERS HOLD FOR LEVELS GIVEN.

mkt alert at 8.15 pm

Buy Crudeoil Jun between 3300 - 3305 SL below 3270 T1 3348 T2 3360

TECHNICALS FOR NYMEX TRADE FOR MAY 24 2010

MAY 24 MONDAY

TRADING LEVELS FOR EVENING SESSION

S1 RS 3275 , S2 RS 3261 , S 3 RS 3240

R1 RS 3305 , R2 RS 3324 , R3 RS 3340

WAIT FOR CONFIRMATION .

MARKET ALERT ON MAY 24 MONDAY 4.45 PM IST

: MCX JUNE CRUDEOIL UPDATE:

WEAK BELOW 3300 WITH RES AT 3330 AND CLD

TEST SUPP 3270

GIVEN AS LEVELS .

UPDATES FOR MAY 24 2010

MAY 24 MONDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 3304 , S2 RS 3282 , S3 RS 3256

R1 RS 3349 , R2 RS 3373 , R3 RS 3395

WAIT FOR CONFIRMATION .

UPDATE AT 9.10AM: BULLIONS EXP TO OPEN HIGHER, GOLD $1185 MCX AROUND 18100//SILVER$17.90 MCX AROUND MCX 28700//CRUCE EXP OPEN 3340 LEVELS RES STRONG AT 3355//COPPER UP AROUND 1%, MCX EXP OPEN AROUND 324 TO 325, LTP 322.40 RES AT 326 SUPP 319//ASIAN MKTS UP ON SPECULATION THAT CHINESE BANKS TIGHTENING MEASURES WILL BE DELAYED TILL EUROZONE PROBLEMS RESOLVED!!!

MARKET ALERT ON MAY 21 FRIDAY 8.50 PM IST

MCX June crude now has support at Rs 3290

Res is seen at Rs 3360

cmp Rs 3320.

Has a positive bias at this moment .

MRKT ALERT 5.50 PM

MCX JUN CRUDEOIL T1 ACHIEVED AT 3280.

MRKT ALERT 5.05 PM

MCX JUN CRUDEOIL APPROACHING OUR T1AT
3280, TRADERS BOOK FURTHER PROFITS,
OTHERS HOLD FOR T2 GIVEN.

MRKT ALERT 1.35 PM

MCX Jun Traders can book further profits between 3295 - 3300,others can hold for given targets...

MRKT ALERT 12.30 PM

MCX Jun Crudeoil Traders can book part profits upto 3310, Sell given upto 3325, others can hold for given targets...

UPDATES FOR MAY 21 2010

MAY 21 FRIDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 3272 , S2 SR 3250 , S3 RS 3220

R1 RS 3345 , R2 RS 3368 , R3 RS 3398

WAIT FOR CONFIRMATION .

Sell Crudeoil Jun between 3320 - 3325 SL above 3352 T1 3280 T2 3255 (High Risk )

MARKET ALERT ON MAY 20 THURSDAY 10.00 PM ISY

MCX June crude now has Res above Rs 3221

Support is seen at Rs 3261

CMP Rs 3297 .

Seems to have a negative bias at this moment .

MRKT ALERT 5.19 PM

Crude NYMEX contract expiry in US tonight. further weakness could be seen 3240.

TECHNICALS FOR MAY 19

MCX JUNE CRUDE OIL

SUPP:3320/3290/3265

RES:3376/3405/3425

UPDATE; CRUDE$68.22(LTP3199),NAT GAS$4.30(LTP199.50),GOLD$1217(LTP18008),SILVER$18.75(LTP29255)//COPPER LME $6556(LTP305.20)DOWN 1.50% IN EARLY TRADES,EXP MCX AROUND 301 TO 302//NICKEL LTP995!!!!

mkt alert at 2 pm

MCX JUNE CRUDE OIL: TGT ACH AT 3422//LONGS RECO ABV 3392/BOOK FULL PROFITS.
MCX JUNE CRUDE OIL: TGT ACH AT 3422//LONGS RECO ABV 3392/BOOK FULL PROFITS.

MRKT ALERT 1.15 PM

MCX Jun Crudeoil traders can book part profits upto 3410, buy given as levels above 3390.Others can hold for targets given.

MCX JUNE CRUDE UPDATE: POSITVE ABV 3390 WITH SUPP AT 3370 AND CLD TEST RES 3422//TRADERS CLD BUY AT 3390 TO 3392 LEVELS!

UPDATES FOR MAY 18 2010

MAY 18 TUESDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 3180 , S2 RS 3158 , S3 RS 3130

R1 RS 3241 , R2 RS 3260 , R3 RS 3285

WAIT FOR CONFIRMATION .

GM, MAY 18,8AM:CRUDE$70.70(HIT LOE 69.70 LAST NIGHT, COULD OPEN HIGHER MCX 3240,LTP 3220,RES 3275 SUPP 3190),NAT GAS HOLDING HIGHER AT $4.42,LTP 201.10//GOLD$1225,TRADING AT CRUCIAL SUPP $1227,LTP 18254;SILVER$18.90 LTP 29400 SUPP 29250 RES 29650///BASE METALS OPEN SHARPLY HIGHER OVER 1.50% IN EARLY TRADES, LTP COPPER 298.60,NICKEL 951.

TECHNICALS FOR MAY 17

MCX MAY CRUDE OIL

SUPP:3230/3200/3170

RES: 3285/3320/3345

UPDATE AT 8.30AM:CRUDE DOWN BY OVER2% AROUND $70, AVOID FRESH SHORTS HERE AS CLD EXP SHORT COVERING RALLY//COPPER SHARPLY DOWN OVER 2%MCX AROUND 308, STRATEGY BEST TO SELL ON RISES ONLY, RES ABV 318.50 SUPP 308/305/302.

GM,MAY 17.7.40 AM: CRUDE$70.20(DONW OVER 1%,LTP 3268,EXP OPEN AROUND 3230 AT CURREMT LEVELS), NAT HAS$4.33//GOLD$1237,MCX LTP18153, EXP OPEN MARGINALLY POSITIVE/SILVER$19.33MCX LRP 29660, EXP OPEN MARGINALLY POSITVE//COPPER SHARPLY DOWN LME AT $6815( DOWN OVER 1%)MCX LTP 312.85, AT CURRENT LEVELS OPEN AROUND MCX 310!!!!

MKT ALERT AT 3.05 PM

MCX MAY CRUDE OIL; HIGH RISK TRADRS HOLDING SELLS BELOW 3330,T1 ACH AT 3305.

MCX MAY CRUDE WEAK BELOW 3330 WITH RES ABV 3348 AND CLD TEST SUPPORTS 3305/3290( HIGH RISK TRADERS CLD SELL ON RISES AT 3330)

UPDATES FOR MAY 14 2010

MAY 14 FRIDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 3375 , S2 RS 3330 , S3 RS3310

R1 RS 3438 , R2 RS 3475 , R3 RS 3498

WAIT FOR CONFIRMATION .

CLOSING COMMENTARY FOR MAY 13 THURSDAY

Crude oil came down after breaking its strong support

of Rs 3415 .

A close either could decide further movement .

If closes above Rs 3415 need to watch as downside is limited .

TECHNICALS FOR MAY 13

MCX MAY CRUDE OIL

SUPP:3365/3340/3315

RES; 3418/3445/3465

MCX MAY CRUDE: HIGH RISK TRADERS HOLDING SELLS BELOW 3415 BOOK PART PROFITS AT CMP3390.

MCX MAY CRUDE OIL UPDATE: BROKEN CRUCIAL SUPPORT 3415 , NOW CLD TEST NEXT SUPPORTS 3380/3360 WITH RES SEEN ABV 3440( LEVLS, HIGH RISKS TRADERS CLD SELL AT 3415 TO 3420 WITH SL ABV 3440)

MRKT ALERT 1.30 PM

MCX May Crudeoil T1 Achieved at 3460...!!

MRKT ALERT 1.25 PM

MCX May Crudeoil approaching our T1 @ 3460, CMP 3455 Traders can book further profits, others can hold for given targets. Buy given at 3430.

MKT ALT AT 11.50 AM

MCX MAY CRUDE OIL: LOW RISK TRADERS BOOK PART PROFITS AT 3440 TO 3443/BUY RECO AT 3430/OTHERS HOLD AS PER LEVELS.

MAKET ALERT ON MAY 11 TUESDAY 7.20 PM IST

MCX May Crude oil hits high Rs 3495 , approaching

Res 1 at Rs 3500

/ Recommended high risk traders at Rs 3475 levels .

MCX MAY CRUD EOIL IS POSITIVE ABV 3470 WITH SUPP AT 3445 AND CLD TEST 3500/3525(LEVLS FOR HIGH RISK TRADERS)

MCX MAY CRUDE : APPROACHING T1 AT 3420 CMP 3422/BOOK FURTHER PROFITS/SELL RECO AT 3450.

MCX MAY CRUDE OIL: BOOK PART PROFITS AT 3435 TO 3438, /SELL RECO AT 3450 TO 3455

Sell Crudeoil May between 3450 - 3455 SL above 3475 T1 3420 T2 3400

TECHNICALS FOR MAY 11

MCX MAY CRUDE OIL

SUPP; 3420/3400/3380

RES: 3465/3490/3520

technicals for may 10

MCX MAY CRUDE OIL

SUPP: 3421/3400/3380

RES: 3465/3490/3520

EXP GAP UP OPEN AROUND RS3490 TO 3500!!!

TECHNICALS FOR MAY 10

MCX JUNE COPPER

SUPP:314.60/311.50/309.60

RES:319.80/323/327

EXP GAP UP OPEN AROUND 320!

UPDATE AT 7.55 AM; CRUDE$76.58( EXP GAP UP OPEN ABOUT RS.50, MCX 3500 TO 3510 LEVELS),NAT GAS$4.04(UP0.75%)//GOLD$1203,SILVER$18.40( FLAT WITH MARGINAL NEGATIVE BIAS)//LME COPPER$7079, UP OVER 1%. MCX AROUND 320 LEVELS//DOW FUT UP SHARPLY OVER 2%//EURO GAINS DOLLAR INDEX DOWN !!!

MCX Crudeoil May weak below 3530 and could test 3500 - 3470 - 3450 with Res seen above 3560. High Risk traders can operate with these levels

GM MAY 7,7AM: BREAKING NEWS: DOW CRASHES IN US TRADE LAST NIGHT BY 350PTS( AT ONE PT OF TIME WAS DOWN 980POINTS)BIGGEST CRASH SINCE 1987//UD DOLLAR INDEX ABV 85//ASIAN STOCKS CRASH EARLY TRADES//GOLD HITS HIGH $1202//CRUDE CRASHS BELOW $77//BASE METALS EXP GAP DOWN MORNING!!!!

MCX MAY CRUDE : T1 ACH AT 3590/SELL RECO AT 3617.

MCX MAY CRUDE APP T1 AT 3590/CMP 3598/TRADERS BOOK FURTHER PROFITS/SELL RECO AT 3617

Sell Crudeoil May between 3615 - 3620 SL above 3640 T1 3590 T2 3570

UPDATES FOR MAY 6 2010

MAY 6 THURSDAY

TRADING LEVELS FOR MORNING SESSION


S1 RS 3600 , S2 RS 3585 , S3 RS 3550

R1 RS 3660 , R2 RS 3685 , R3 RS 3705

WAIT FOR CONFIRMATION .

Crude Oil Inventories Actual 2.8M Forecast 0.6M Previous 1.9M

TECHNICALS FOR MAY 5

MCX MAY CRUDE

SUPP:3710/3685/3665

RES: 3760/3790/3815

PREFER SELLS ON RISES

MARKET ALERT ON MAY 4 TUESDAY 9.40 PM IST

MCX May Crude update : Weak below Rs 3740 ,

With Res is seen above Rs 3765 and cld test support

at Rs 3705 .

These are for levels only .

MKT ALT AT 12.35PM

MCX MAY CRUDE: T1 ACH AT 3840/BUY RECO AT 3822/.

mkt alt at 12 noon

mcx may crude: low risk traders book part profits at 3835/others hold for levels/ buy reco at 3822.

Momentum Call -- Buy Crudeoil May between 3822 - 3824 SL below 3805 T1 3840 T2 3860

UPDATES: MCX JUNE COPPER WEAK BELOW 327.20 WITH RES SEEN ABV 329.20 AND CLD TEST SUPP 325/323 LEVELS///MCX MAY CRUDE WEAK BELOW 3820 WITH RES SEEN ABV3845 AND CLD TEST SUPP 3805/3790 LEVELS

UPDATES FOR MAY 4 2010

MAY 4 TUESDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 3830 , S2 RS 3805 , S3 RS 3785

R1 RS 3880 , R2 RS 3910 , R3 RS 3940

WAIT FOR CONFIRMATION .

UPDATES FOR MAY 3 2010

MAY 3 MONDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 3792 , S2 RS 3768 , S3 RS 3745

R1 RS 3826 , R2 RS 3845 , R3 RS 3864

WAIT FOR CONFIRMATION .