Friday, December 4, 2009


  1. (1.00) TGT completed in ALUMINIUM. STBT CALL at 96.50. Sell call initiated at 97.50
  2. MONTHLY BONANZA CALL - STEEL is LOOKING very STRONG at these LEVELS also. Above resistance is near 22350 on WEEKLY basis. But once it crosses that level and stays give closing above for some days than LONG term Target will be 26170 and 28312. Our RECOMMENDATION is to BUY on EVERY DIP. LONG TERM STOPLOSS will be 19766 and SHORT TERM will be 20098.
  3. (1.55): GOLD (FEB) immediate TREND is DOWN and SUPPORT is below 17950 and resistance is near 18200. So, please work accordingly. CMP -18078
  4.  INTRADAY - Sell NIFTY on RISE with strict STOPLOSS of 5153. Sell between 5120 - 5130. TGT below 5080. Maintain STOPLOSS STRICTLY
  5. TODAY CPO has GIVEN FRESH BREAKOUT which will help the prices to move to the level of 354.40 for INTRADAY on UPSIDE. CMP - 351.50 
  6. As we TOLD you CPO week on week basis TREND is BULLISH with major SUPPORT at 337. If CPO closes above 354 for 2 days than 368 levels will be next TARGET.
  7. (3.19)LEAD is at GOOD SUPPORT at these LEVEL so wait if LEAD HOLD CURRENT levels than BOUNCE back is EXPECTED in EVENING. TGT 110.10 / 111.30 / 113.10
  8. IF LEAD doesn't HOLD the CURRENT LEVELS than BUY between 106.30 - 106.60. which is VERY IMPORTANT SUPPORT with SL of 105.60
  9. YESTERDAY we have given 205.40 SUPPORT of NATURAL GAS . TODAY it made aLOW of 206.50. This is power of Technical Analysis.
  10. MONTHLY CALL UPDATE - Whole COMMODITY MARKET is in RED accept ALUMINIUM. CMP - 98.15. Buy call initiated at 93. TGT is 103.10


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