Saturday, July 17, 2010

COMMODITY CALLS ON JULY 16, 2010 (FRIDAY)

"Success is simple. Do what's right, the right way, at the right time."


1.(TREND)MCX GOLD AUG:RESISTANCE AT 18507/18580,SUPPORT AT 18335/18275.OVER ALL TREND RANGE BOUND.CMP :18400.
2. SELL IN TE RANGE OF 18400-18410. WITH STOPLOSS OF 18421. TARGETS ARE AT 18348 AND BELOW. CMP: 18397.
3. MCX GOLD AUG: ALL TARGETS COMPLETED AT 18338 AND ABOVE. SELL GIVEN AT 18400.
4. MCX GOLD AUG: SELL IN THE RANGE OF 18340-18350. WITH STOPLOSS OF 18390. TARGETS 18232 / 18191.
5. MCX CRUDE OIL JUL: SELL AT CMP: 3578. WITH STOPLOSS 3589. TARGET 3559 / 3527.
6. MCX COPPER AUG: SELL AT CMP: 311.60. WITH STOPLOSS OF 312.95. TARGETS ARE 310.10 / 309.20.
7. MCX CRUDE OIL JUL: STOPLOSS TRIGGERED AT 3589. SELL GIVEN AT 3579.
8. MCX COPPER AUG: FIRST TARGET COMPLETED AT 310.10. SELL GIVEN AT 312.60.
9. MCX COPPER AUG: SECOND TARGET 309.2 ACHIEVED IN SELL CALL GIVEN AT 311.6. CMP:308.7.
10. (RISKY)MCX CRUDE OIL JUL: SELL AGAIN AT CMP: 3578. STOPLOSS 3602. TARGETS 3555 / 3529.
11. NCDEX GUAR SEED: SUPPORT ARE AT 2450 / 2410. RESISTANCE AT 2608. TREND BULLISH . BUY ON DIPS IS RECOMMENDED.

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