MCX CRUD EOIL SEPT T2 ACH AT 4095 AVERAGE BUYS AT 4038-2 LOTS BOOK FULL PROFITS/

MCX CRUDE OIL SEPT APP T1 AT 4064 BUYS AT 4038 AVERAGE 2 LOTS..//

MCX CRUD EOIL SEPT BUY AT 4044-48 AND AT 4030 SL BELOW 4015 TGTS 4076-96 HIGH RISK..

UPDATE AT 2PM; GOLD $1829 HIGH $1837 LOW$1824//SILVER$41.35 HIGH$41.48 LOW $41.16//CRUDE $88.84//COPPER TRADES HIGHER ARD 0.70% MCX NOV ARD 426.50

CRUDE OIL $88.41 LTP 4085 RES 4100 SUPP 4015 INVENTORIES EXP THIS EVENING EXP UP0.9MB(PREVIOUS -2.2MB)/BASE METALS CAME OFF HIGHS LAST NIGHT AFTER BAD DATAS FROM US COPPER TRADES FLAT LTP 423.80 SUPP 423-420 RES 427/NICKEL LTP 1011 SUPP 1001 RES 1018-1025/LEADM ALUM HOLDING AT HIGHS RES 118-111.80/ZINCM MORE POSITIVE BV 105.50 SUPP103.80 RES 106-107//

MRKT ALERT

MCX Crudeoil at our 2nd level of 4100 exact high....

MCX Sep Crudeoil looks mils positive above 4040 till 4070 - 4090 levels with sup seen at 4000..Levels only.

GM AUG 30,8.10AM: GOLD$1795 SILVER$40.70 LTP 61180 RES 62100 CLD TEST SUPP 61000-60750-60500/CRUDE$87.55 LTP 4021 POSITIVE ABV 4035 SUPP 4010 RES 4055/BASE METALS TRADE HIGHER COPPER UP ARD 0.70% MCX UP ARD 3RS/CONTRACT EXPIRIES TODAY//

GM AUG29,7.30AM;BULLIONS OPEN LOWER GOLD$1811(LAST CLOSE $1827) SILVER$41.10( LAST CLOSE $41.65)/COPPER OPENS LOWER ARD 0.50% MCX ARD 414.50-415 SUPP 413 RES 418//CRUDE$85.15 TRADES FLAT AFTER HURRICANE IRENE POUNDS NEW YORK CITY IMPACT NOT KNOWN YET.//PLS NOTE LME HOLIDAY TODAY..NOT MUCH MOVEMENT CLD BE SEEN MORNING SESSION//

MCX CRUD EOIL SEPT LOW 3885 OUR SECOND LEVEL ALMOST HITS AT 3880/RECO AT 3925//BREAK BELOW 3880 CLD TGT 3865//

MARKET ALERT ON AUG 26 FRIDAY 1.05 PM IST


MCX Crude Oil Sept trades with mild negative bias


below Rs 3925


with Res above Rs 3955 and


cld test support 3900 / 3880 /


LEVELS ONLY .

GM AUG 26,7.45AM;FED ANNOUNCEMENTS EXP TONITE AFTER MKT CLOSE AT MEET WHERE ALL WORLD BANKERS MEET.. TRADE LESSS TODAY AND DONT CARRY POSITIONS/GOLD$1763 SILVER$40.70 RECOVERS FORM LOWS AFTER POOR EMPLOYMENT DATAS LAST NIGHT LTP 61900 WAIT FOR FRESH ENTRIES/COPPER CLOSES ARD HIGHS LTP 415.85 RES 417 SUPP 412.50 NICKEL LTP 968 SUPP 854 RES 980 ZINCM CLOSES ARD HIGHS 101.75 RES 103 SUPP 99.80 LEADM POSITIVE ALUM HOLDING//

UPDATES FOR AUG 25 2011

AUG 25 THURSDAY


TRADING LEVELS FOR MORNING SESSION


S1 RS 3920 , S2 RS 3860 , S3 RS 3818


R1 RS 4005 , R2 RS 4052 , R3 RS 4095


WAIT FOR CONFIRMATION .

BASE METALS OPEN FLAT.. COPPER LTP 402.50 RES 405.90 SUPP 400 WEAK BELOW THIS TILL 397/LTP 949 SUPP 940 RES 965.//MKTS EXP TO BE CHOPPY TILL FED SPEECH FRIDAY NIGHT AND ANY FORTHCOMING ANNOUNCE MENTS OF STIMULUS//CRUDE$85.50 LTP 3900 RES 3950 SUPP 3850 TRADES POSITIVE ON ISSUES OF LIBYAN CRISIS.

GM AUG 23,7.10AM; MKTS VOLATILE GOLD SCALES NEW HIGH $1912 AND THEN COMES DOWN CMP $1895 LTP 28095 RES 28200/SILVER$43.50 HIGH $44.20 LTP 65583 SUPP 64700 RES 66000-66200-66400/CRUDE$84.12 LTP 3835 RES 3875 SUPP 3790/ COPPER TRADES FLAT LTP 399 RES 402 SUPP 396/ALL EYES ON FED ANNOUNCEMENTS THIS FRIDAY NIGHT ON ANY NEW MEASURES,MKTS EXP PROBABLY FRESH STIMILUS ANNOUNCEMENTS/GERMAN CONFIDENCE AND MFG DATAS TODAY CLD DECIDE NEXT MOVE OF EURO/

GM AUG22: GOLD$1870 FRIDAY NIGHT CLOSE $1854 MCX MKTS SATURDAY HAS DISCOUNTED SOME INCREASES.. SILVER$43.36 HIGH 43.93 FRIDAY NIGHT CLOSE 42.85..WATCH OUT INR OPEN FOR MCX OPEN RATES/CRUDE ARD $83 TRADES MILD POSITIVE/COPPER OPENS HIGHER ARD 0.50% MCX ARD 404.50-405 SUPP STRONG 400 RES 407//

WEAK ECONOMIC DATS FROM US LAST EVENING DRAGGED DOWN BASE METALS; AS ALSO REPORTS OF MORGAN STANLEY DOWNGRADING US ECONOMY/COPPER FLAT LTP 401.80 RES 405.40 SUPP 399.80-398/NICKEL LTP 980 RES 995 SUPP 970-965//

MCX CRUDE OIL SEPT YESTERDAY NIGHT SELLS AT 3840-45 LEVELS FOR TGTS 3825-3810 TGTS ACH (GIVEN AS LEVELS)//CMP $80.99 EXP LOWER OPEN

GM AUG19,7.30AM; GOLD ZOOMS TO HIGH $1837 CMP 1835 EXP GAP UP OPEN ARD RS 150-200RS DEPENDS ON INR OPEN HOLD BUYS GOLDM YESTERDAY FOR TGT 27180-27250 SECOND BUY AT 26800//SILVER$40.65 LTP 61690 RES 61800-62000 SUPP 61000 EXP POSITIVE OPEN/

MARKET ALERT ON AUG 18 THURSDAY 9.45 PM IST


MCX Sept crude low risk traders holding sells


below Rs 3848 can book part profits at cmp Rs 3835 .


LEVELS GIVEN FOR HIGH RISK TRADERS .

MARKET ALERT ON AIG 18 THURSDAY 8.50 PM IST


MCX Sept Crude LOOK weak below Rs 3848 with


Res seen at Rs 3880 and cld Rs 3825 / 3810 .


Levels for High risk Traders .

MCX GOLDM SEPT AT HIGH 26605 BUYS AT 25470-250//BOOK FURTHER/

BUY CRUD EOIL AUG ARD 3968-72 SL BELOW 3946 TGT 3999-4022/HIGH RISK/

UPDATES FOR AUG 18 2011

AUG 18 THURSDAY


TRADING LEVELS FOR MORNING SESSION


S1 RS 3960 , S2 RS 3918 , S3 RS 3880


R1 RS 4040 , R2 RS 4090 , R3 RS 4130


WAIT FOR CONFIRMATION .

GM AUG18,8AM:BULLIONS HOLDING AT HIGHS GOLD$1790 LTP 26394 RES 26480 SUPP 26100 SILVER$40.22 LTP60468 RES 60850-61000 SUPP 59800/CRUDE$87.16/COPPER OPENS MARGINALLY DOWN ARD 0.20% LTP 404.35 RES 407-408 SUPP 400/US DOLLAR INDEX AT 73.90//

MKT ALART

Crude Oil Inventories Act 4.2M Fore -0.4M prev -5.2M prices may trade low

UPDATES FOR AUG 17 2011

AUG 17 WEDNESDAY


TRADING LEVELS FOR MORNING SESSION


S1 RS 3910 , S2 RS 3865 , S3 RS 3831


R1 RS 4020 , R2 RS 4060 , R3 RS 4098


WAIT FOR CONFIRMATION .

UPDATE AT 8.30AM;GOLD$1785 SILVER$39.95/CRUDE $87/COPPER OPENS POSITIVE UP ARD 0.30%//

GM AUG17,7.30AM:BULLIONS HOLDING AT HIGHS GOLD$1785 GOLDM SUPP 26000 RES 26190-280/SILVER$39.85 RES 60200 SUPP 59300/CRUDE$86.78 RES 3980-4000 SUPP 3890-70/BASE METALS TRADE FLAT COPPER RES 404 SUPP 396

mrkt alert

As we said earlier that Crude weak to test 3900 - 3870, if sustains below 3950, now low 3886...Msg given at 1.53 PM.

mrkt alert

Crudeoil looks weak if sustains below 3950 to test 3900 - 3870 levels. Levels Only...

UPDATES FOR AUG 16 2011

AUG 16 TUESDAY


TRADING LEVELS FOR MORNING SESSION


S1 RS 3860 , S2 RS 3811 , S3 RS 3769


R1 RS 3924 , R2 RS 3966 , R3 RS 4024


WAIT FOR CONFIRMATION .

CRUDE$87.50 TRADES HIGHER FROM FRIDAY NIGHTS CLOSE MCX EXP OPEN HIGHER RES 3940-3970 SUPP 3830/COPPER TRADES FLAT LTP 402.25 RES 404.50-406 SUPP 398/

AUG 15; TEAM AKSHAYA WISHES ALL MEMBERS A HAPPY INDEPENDANCE DAY/BULLION STRADING FLAT GOLD$1741 MCX ARD 25620/SILVER$39.06 TRADES FLAT MCX ARD 58700/CRUDE ARD $85 TRADES FLAT/NAT GAS DOWN ARD 1%/BASE METALS TRADING MARGINALLY DOWN COPPER DN ARD 0.20% MCX ARD 402,NICKEL ALU LEAD TRADES LOWER ARD 0.50%//

MARKET ALERT ON AUG 12 FRIDAY 2.00 PM IST


MCX Aug Crude Oil Approaching Target 2 at Rs 3870 ,


cmp Rs 3867 ,


Given as levels for traders above Rs 3838 ,


High risk traders can hold for Tgt 3 Rs 3880


and trail sl to cost .

MARKET ALERT ON AUG 12 FRIDAY 1.45 PM IST


MCX Aug Crude Target 1 Achieved at Rs 3860 ,


Buy was given as levels above Rs 3838 ,


Current high Rs 3863 .

MARKET ALERT ON AUG 12 FRIDAY 1.30 PM IST


MCX Aug Crude Oil Positive aboe Rs 3838 with


support below Rs 3815 and cld Tgt 3860 / 3870 /


LEVELS FOR TRADERS

UPDATES FOR AUG 12 2011

AUG 12 FRIDAY


TRADING LEVELS FOR MORNING SESSION


S1 RS 3735 , S2 RS 3705 , S3 RS 3680


R1 RS 3820 , R2 RS 3855 , R3 RS 3895


WAIT FOR CONFIRMATION .

CRUD EOPENS LOWER $34.86 LTP 3794 SUPP 3760 RES 3830//BASE METALS OPEN HIGHER COPPER UP ARD 0.50% LTP401.30 EXP MCX OPEN ARD 403.50 RES 405 SUPP 396/NICKEL LTP 981 RES 985-988 SUPP 965/LEADM ZINCM OPEN HIGHER MCX POSITIVE LEADM RES 109 ZINCM RES 99-100-101/POSITIVE DATAS LAST NIGHT FROM US LIFTED BASE METALS AS ALSO DOW SHARPLY HIGHER/LONG WEEKEND IN MCX TRADE LESS AND DONT CARRYOVER POSITIONS TONITE/DATA TONITE VERY IMP NONFARM PAYROLLS/

UPDATES FOR AUG 11 2011

AUG 11 THURSDAY


TRADING LEVELS FOR MORNING SESSION


S1 RS 3655 , S2 RS 3615 , S3 RS 3580


R1 RS 3730 , R2 RS 3765 , R3 RS 3805


WAIT FOR CONFIRMATION .

update at 8.15am; gold high $1815 came low $1778 cmp $1785 highly volatile trades marginally lower from last night after hitting record high early morning/silver ard $39 supp 58500-300 res 59500/crude$82.67/copper holds at highs up ard 2.50$ mcx ard 400,highly volatile as was seen yesterday swing rs 17 intraday now upswing rs 10 from last night...trade less till clarity comes//

GM AUG11,7.55AM; DOW CRASHES LAST NIGHT DOWN OVER4%;GOLD HITS RECORD $1815 IN EARLY MORNING TRADES NOW SLIDES DOWN SHARPLY TO $1785/SILVER$39.02 EXP MCX ARD 59000 HIGHLY RANGE BOUND/CRUDE$82.70 LTP 3707 RES 3765 SUPP 3660//BASE METALS OPEN SHARPLY HIGHER COPPER UP OVER 2% LTP 391.50 MCX CMP ARD 398-400//

MARKET ALERT ON AUG 10 WEDNESDAY 8.10 PM IST


Crude Oil Inventory Deta >>>


Act -5.2M


Fore 1.7M


Prev 1.0M


Prices may trade higher

mcx crudeoil aug book part profits upto 3748 buys at 3730//given as levels for high risk traders/

MARKET ALERT ON AUG 10 WEDNESDAY 4.15 PM IST



MCX Aug Crude Oil Trading positive above Rs 3730


with support at Rs 3702 and cld Tgt 3760 / 3770 .


LEVELS FOR HIGH RISK TRADERS .

MARKET ALERT ON AUG 10 WEDNESDAY 12.35 PM IST


MCX CRUDEOIL TRADES POSITIVE ABV 3705


WITH SUPPORT AT 3675

AND CLD TEST 3740-3750


LEVELS//

UPDATES FOR AUG 10 2011

AUG 10 WEDNESDAY


TRADING LEVELS FOR MORNING SESSION


S1 RS 3625 , S2 RS 3590 , S3 RS 3565


R1 RS 3730 , R2 RS 3765 , R3 RS 3805


WAIT FOR CONFIRMATION .

COPPER OPENS HIGHER OVER 1% LTP 397.80 EXP MCX OPEN ARD 401-402 RES 404.50 SUPP 396/NICKEL LTP 966 RES 985-998 SUPP 958-951//ALUM POSITIVE ABV 109 RES 110-110.80 SUPP 107.50//US DOLLAR INDEX ARD 74/

GM AUG10.8AM: FED KEEPS INTEREST RATES UNCHANGED, PLEDGES TO KEEP LOW INTEREST RTAES(NEAR ZERO) FOR AT LEAST 2 MORE YEARS TILL MID 2013.. ACKNOWLEDGES SLOW RATE OF ECONOMIC GROWTH,INFLATION ISSUES AND UNEMPLYMENT PROBLEMS.. READY TO INRODUCE NEW MEASURES IN DUE COURSE//DOW RALLIES HIGHER SHARPLY4%/CRUDE$81.36 SHARPLY UP ARD2%LTTP 3663 RES 3730 SUPP 3630/GOLD$1754 EXP OPEN HIGHER ARD 150RSLTP 25730/SILVER$38.27 LTP57411 EXP POSITIVE OPEN ARD 58000/

UPDATE AT 8AM: GOLD HIGH $1748 CMP $1745/CRUDE $76.40 DOWN ARD 5%/COPPER DOWN ARD 2%/SILVER FLAT $38.85/

ALERT GOLD HITS HIGH $1743//CRUDE DOWN 6% AT $76.38//

GM AUG 9,7AM; EQUITIES ACROSS BOARD CRASH/CRUDEOIL CRASHES TO $77.40 DOWN ARD 4% EARLY TRADES LTP 3779/GOLD HITS NEW HIGH $1731 HOLD LONGS GOLDM AS PER OUR BUY YESTERDAY AT 24800/SILVER FLAT AT $38.80 LTP 59190/COPPER OPENS SHARPLY LOWER OVER 2.5% LTP 396 EXP MCX ARD 388//FURTHER DROP IN NIFTY CLD WEAKEN INR FURTHER HOLDING UP BULLIONS//

TRADING CALL FOR AUG 8 MONDAY 11.50 AM IST


Sell Crudeoil Aug below 3765


SL above 3790


T1 3725


T2 3700.


High Risk.

GOLD BREAKS ABV $1700 CMP $1702 SILVER$40.40/CRUDE$83.86//

UPDATE AT 9.10AM ; GOLD$1699 SILVER$40.20 CRUDE SLIDES DOWN $83.86 INR OPENS SHARPLY WEAKER ARD 20 PS AT 44.95 EXP TO PUSH BULLIONS HIGHER//

CRUDE OIL OPENS $84.08 SHARPLY LOWER LTP 3843 SUPP 3730-3680 RES 3930//COPPER LTP 399.35 SUPP 394-389 RES 405//EXP LOWER OPEN CRUDE, BULLIONS TO TEST RES ,WATCH OUT FOR INR OPEN ALSO//DOLLAR INDEX DOWN AT 74.18,BREAK BELOW 74 CLD ARREST SLIDE IN COMMODITIES//G7 FINANCE MINISTERS MEET OVER WEEKEND PLEDGE TO STABILZE MKTS//

GM AUG 8.6.45AM; BULLIONS ZOOMS AT OPEN GOLD NEW HIGH $1692( LAST FRIDAY CLOSE $1663) GOLDM SEPT RES 24680-24800 SUPP 23900/SILVER$40.13(LAST FRIDAY CLOSE 38.24)MCX LTP 58379 RES 59000 SUPP 57800.. MCX RATES ON SATURDAYS TRADES CLD HAVE DISCOUNTED POSSIBLE INCREASES OF TODAY AS ALSO FACTORED IN INR MOVES..//

GM AUG 6:CLOSING FOR AUG 5 FRIDAY..CREDIT AGENCY S AND P DOWNGRADES US FROM AAA TO AA RATING/MKTS OSCILLATE WITH SHARP NEGATIVE BIAS GOLD $1663 HOLDS ABV 23900 LTP 24153/SILVER$38.24 LTP57105 CLOSES WEAK STRONG SUPP ZONE 56500 LEVELS/COPPER LTP409.40 WEAK ON CLOSE BELOW 410-411 SUPP 405/NICKEL LTP 1020 SUPP 1010-1005 RES 1035/HOLD SELLS ALUM AS PER CALL//

UPDATES FOR AUG 5 2011

AUG 5 FRIDAY


TRADING LEVELS FOR MORNING SESSION


S1 RS 3860 , S2 RS 3940 , S3 RS 3805


R1 RS 3935 , R2 RS 3965 , R3 RS 4005


WAIT FOR CONFIRMATION .

UPDATE AT 8.30AM: CRUDE$86.20/GOLD$1651/SILVER$39.30/US DOLLAR INDEX 75.15/EXP CRUDEOPEN MARGINALLY LOWER LTP 3896 SUPP 3870-80/COPPER OPEN ARD 416-417/NICKEL DOWN ARD 1% ZINC DOWN ARD 1%/OPEN DEPENDS INR OPEN//

MKTS GOT INTO PANIC MODE LAST EVENING MORE THAN ANY NEW FUNDAMENTALS!!OF COURSE DATAS EXP TODAY MAY BE NEGATIVE WHICH MKTS ARE EXP/BULLIONS CAME DONW SHARPLY AS TECHNICALS INDICATED OVERBOUGHT ZONE /COPPER RES 424 SUPP 416-415 ,NICKEL RES 1076 SUPP 1045/LEAD RES 112.50 SUPP 110-109/ZINC RES 105.20 SUPP 103.50//

GM AUG5,7.30AM: GLOBAL MKTS SINK AS DOW CRASHES 500 POINTS FOR 9TH STRAIGHT DAY DOWN/MKTS SEEMS DISCOUNTING ALL NEGATIVES, KEY DATAS TONITE NONFARM PAYROLL AND CONSUMER CONFIDENCE EXP DATAS NEGATIVE/MKT TALK PUSHING FOR QE3 STIMULUSAS ONLY WAY OUT/CRUDE$85.63 MCX ARD 3950 WEKLY SUPP 3900-3880/GOLD$1649 HIGH YESTERDAY $1683/SILVER$39.3 HIGH YESTERDAY$42.25 LOW$38.43!!!EXP OPEN MCX ARD 58700-59000/COPPER OPENS DN EXP MCX ARD 416//

MCX CRUD EOIL AUG T2 ACH AT 4035 SELLS ADVISED AS LEVELS FOR TRADERS BELOW 4060//NEXT SUPP 4000 RES NOW 4075/

MCX CRUD EOIL STRONG SUPPORTS AT 4060 BREAK BELOW 4060 CLD TGT 4045-4030 WITH RES ABV 4080//LEVELS FOR TRADERS/

UPDATES FOR AUG 4 2011

AUG 4 THURSDAY


TRADING LEVELS FOR MORNING SESSION


S1 RS 4050 , S2 RS 4015 , S3 RS 3980


R1 RS 4130 , R2 RS 4178 , R3 RS 4205


WAIT FOR CONFIRMATION .

GM AUG 4,7.50AM; GOLD$1663 HIGH YESTERDAY $1673 OPENS FLAT TO MILD POSITIVE,SILVER$41.78 HIGH LAST NIGHT $42.02 LTP 61180 SUPP 61100-60900 RES 61850 EXP OPEN MILD POSITIVE/CRUDE $92.07 supp 4060 res 4150-4170/copper opens marginally up ard 0.30% ltp 425.90 res 427.50 supp 424/nickel ltp 1066 res 1077 supp 1055//mkt already talking abt possible qe3 stimulus package//

MRKT ALET 8.03 PM

Crude Oil Inventories Act 1.0M Fore 1.3M Prev 2.3M Prices may trade sideways

TRADING CALL FOR AUG 3 TUESDAY 12.20 PM IST


Sell Crudeoil Aug between 4145 - 4150


SL above 4165


T1 4122


T2 4105.


High Risk.

Copper trading highly range bound between 429.5 - 432.5. A break above 433 or sustain below 430 could show next movement. Crudeoil looks weak below 4150 till 4100 - 4060, could take strong sup around 4060 - 4100 levels..!

UPDATES FOR AUG 3 2011

AUG 3 TUESDAY


TRADING LEVELS FOR MORNING SESSION


S1 RS 4131 , S2 RS 4105 , S3 RS 4060


R1 RS 4198 , R2 RS 4230 , R3 RS 4278


WAIT FOR CONFIRMATION .

CRUDE $93.34 TRADES WEAK LTP 4164 WEAK BELOW 4150 TILL 4130-4100 RES NOW 4200/COPPER OPENS FLAT LTP 430.75 SUPP 429.30 RES 434/NICKLE LTP 1098 SUPP 1088 RES ABV 1100 IS 1107-1114//SILVER$40.76 HOLDS FIRM RES $41-41.50/GOLD$1654.. US DOLLAR INDEX 74.58//WATCH OUR INR OPEN FOR NEXT MOVES ESP BULLIONS//

GM: GOLD ZOOMS OVERNIGHT HITS HIGH $1661 CMP $1654 EXP GAP UP OPEN ,CARRYOVER OVER BUYS LAST EVENING GOLDM AT 23480 T1 ACH AT 23590 HOLDING LONGS OUR T2 AT 23660 EXP OPEN GAP UP, BOOK MAX PROFITS OR TRAIL SL ARD COST RES 23750-800, WATCH OUT INR OPEN FOR EXACT MCX OPEN//SILVER$40.70 TRADES POSITIVE LTP 59326 EXP OPEN HIGHER RES 60000 SUPP 58900//

MRKT ALERT 7.22 PM

MCX AUG CRUDEOIL TRADES POSITIVE ABOVE 4200 WITH SUP AT 4170 AND COULD TGT 4235-4245...!!!

MARKET ALERT ON AUG 2 TUESDAY 11.30 AM IST


Crudeoil looks weak more selling on sustain below


4190 till 4160 - 4140 levls.


Res seen at 4240 - 4250 levels.

GM AUG 2,8AM:GOLD$1620 TRADES FLAT LTP /SILVER$39.60 LTP 58125 OPENS MILD POSITIVE MCX ARD 58500-600 SUPP 58000 RES 59100/CRUDE$95.17 FLAT//COPPER OPENS FLAT LTP 431.50 SUPP 427 RES 434-436//POOR US MFG DATAS LAST NIGHT DRAGGED DOWN BASE METALS/US CONGRESS PASSES 2.1 TRILLION DOLLAR DEBT INCREASE BUT MKTS UNEASY WITH QUANTUM AS ALSO RECENT DATAS VERY NEGATIVE//DOLLAR INDEX 74.28//PLS TRADELESS BASE METALS TILL CLARITY COMES IN//

UPDATES FOR AUG 1 2011

AUG 1 MONDAY


TRADING LEVELS FOR MORNING SESSION


S1 RS 4205 , S2 RS 4178 , S3 RS 4155


R1 RS 4255 , R2 RS 4278 , R3 RS 4299


WAIT FOR CONFIRMATION .

GM AUG 1,7.40AM:OBAMA ANNOUNCES THAT US DEBT RESTRUCTURING CONSENSUS PLAN HAS BEEN ARRIVED AT/BULLIONS CORRECTS DOWN SHARPLY GOLD$1612 HITS LOW $1607(DOWN ARD $15) EXP OPEN GAP DOWN ARD RS 200 MCX/SILVER$39.35 LTP 58898 EXP OPEN DOWN ARD RS 300//CRUDE AND BASE METALS OPEN HIGHER AFTER NEWS OF US DEAL ARRIVED AT! CRUDE $97 OPENS OVER1% HIGHER EXP MCX OPEN HIGHER ARD RS 40/COPPER OPENS UP ARD 0.505 LTP 436.80 RES 488.50 SUPP 434//NICKEL RES 1112 SUPP 1088//