COMMODITY CALLS ON MAY 18, 2010 (TUESDAY)

THOUGHT FOR THE DAY

"Never be afraid to open doors because one of those doors might be the end to all your problems.Good Morning,We wish you a great day."

1. (10:29) : MCX COPPER JUNE - BUY IN RANGE OF 299 - 299.50 WITHA STOPLOSS OF 297.55. TARGETS ARE 320 - 303.70.
2. (10:49) : (TREND) MCX COPPER JUNE - INTRADAY SUPPORTS ARE AT 295.30 / 293.60. RESISTANCE ARE AT 301.80 / 303.60 / 305.40. OVERALL TREND BEARISH.
3. (11:01) : (TREND) MCX LEAD MAY - INTRADAY SUPPORTS ARE AT 79.40 / 77.10 (VERY IMPORTANT SUPPORT). RESISTANCE ARE AT 82.70 / 84.90. INTRADAY TREND NEUTRAL.
4. (11:20) : MCX COPPER JUNE: FIRST TARGET 302 ACHIVED IN BUY CALL GIVEN IN THE RANGE 299-299.50.
5. (11:26) : MCX COPPER CALL JUNE: SECOND TARGET 303.70 COMPLETED IN BUY CALL GIVEN IN THE RANGE 299-299.50.
6. (11:34) : MCX GOLD JUNE: SELL IN THE RANGE 18180-18200, WITH STOP LOSS 18251, TARGETS: 18063.
7. (12:40) : (ALERT) MCX CRUDE OIL MAY - INTRADAY RESISTANCE IS ARE 3275 / 3298 AND SUPPORTS ARE AT 3216 / 3179.
8. (12:42) : MCX GOLD CALL - GOLD SELLING RANGE DID NOT EXECUTE. TARGETS ALREADY COMPLETED, SO PLEASE DO NOT EXECUTE THE CALL.
9. (12:58) : MCX ALUMINIUM MAY - VERY IMPORTANT INTRADAY RESISTANCE AT 92.90. SUPPORTS ARE 89.20 / 88.30.TREND BEARISH.
10. (01:13) : MCX SILVER JULY - SELL SILVER ON RISE. STOPLOSS 29380. TARGETS 28929 AND BELOW. CMP - 29101.
11. (02:01) : MCX ALUMINIUM MAY - BUY AT 91.30 WITH A STOPLOSS OF 90.75. TARGETS - 92.30 - 92.90.
12. (02:09) : (TREND) MCX GOLD JUNE - NOW INTRADAY RESISTANCE IS AT 18119. SUPPORT IS AT 17708. INTRADAY TREND BEARISH IF REMAINS BELOW 18130.
13. (03:38) : (ALERT) MCX NATURAL GAS MAY - INTRADAY RESISTANCE AT 206.30 AND SUPPORTS ARE AT 200.40 - 197.80. TREND BULLISH. BUY ON DECLINE(BEST RANGE - 199 - 201).
14. (03:41) : (RANGE BOUND) - MARKET MOVEMENT IS RANGE BOUND, WAIT FOR CLEAR DIRECTION.
15. (04:38) : MCX SILVER CALL -1ST TARGETS REVISED IN SILVER AT 29062. SELL CALL GIVEN AT 29200 AND ABOVE. MADE A HIGH OF 29244 AFTER CALL WAS GIVEN. CMP - 29083.
16. (04:42) : MCX SILVER JULY - FIRST TARGET 29062 COMPLETED. SELL CALL GIVEN AT 29200 AND ABOVE.
17. (04:45) : MCX SILVER JULY - SECOND TARGET 28932 COMPLETED. SELL CALL GIVEN AT 29240.
18. (04:52) : MCX ALUMINIUM MAY CALL - EXIT AT 91.70 ( IN PROFIT ).AS TREND IS NOT CLEAR. BUY CALL GIVEN AT 91.30. CMP - 91.60.
19. (05:35) : MCX NICKEL MAY - SELL IN THE RANGE OF 985 - 992. WITH A STOPLOSS OF 1001. TARGETS 963.70 - 951.10.
20. (05:57) : US DATA ALERT: Very important US Producer Price Index, Housing starts and Building permits data at 6.00PM today. Expect volatality.
21. (08:11) : MCX NICKEL CALL - STOPLOSS 1001 TRIGGERED. SELL CALL GIVEN IN THE RANGE OF 983 - 990.
22. (08:20) : (ALERT) MCX CRUDE OIL MAY - RESISTANCE GIVEN AT 3299. MADE A HIGH OF 3304. NOW TRADING AT 3267.