COMMODITY CALLS ON OCTOBER 20, 2010 (WEDNESDAY)

"Life may not always be as good as it should be, but it's never as bad as it could be."

1. (TREND)MCX ZINC OCT: STRONG SUPPORT AT 103.5 FOR INTRADAY. IF HOLD THIS LEVEL THAN STRONG BOUNCE BACK IS EXPECTED. RESISTANCE 106.1.BUY ON DIPS IS RECOMMENEDED
2. NCDEX PEPPER OCT: BUY AROUND 19850 TODAY WITH STOPLOSS OF 18650. TARGETS 19234 - 19453. CMP: 19970.

3. MCX COPPER NOV: RESISTANCE AT 373 AROUND FOR INTRADAY. SUPPORT AT 365 AROUND. SELL AT RESISTANCE OR BUY AT SUPPORT IS RECOMMENDED WITH SL DIFFERENCE OF 2 POINTS
4. MCX NATURAL GAS OCT: BUY IN THE RANGE OF 155.8-155.3. WITH STOPLOSS OF 153.6. TARGETS 159.7 - 161.3. CMP: 156.6.
5. MCX NICKEL OCT: INTRADAY ONLY STRONG ABOVE 1051. BUY IS RECOMMENDED ABOVE 1051. SELLING PRESSURE WILL BE ON TILL THE TIME REMAINS BELOW 1063.
6. (TREND)MCX GOLD: THIS WEEK STRONG SUPPORT IS 19360-19231. RESISTANCE IS 19660-19798.OVERALL TREND IS BULLISH. SO BUY IS RECOMMENDED NEAR SUPPORTS.
7. NCDEX CHANNA NOV:NOW TRADING AT 2417 IN BUY CALL GIVEN AT 2317 ON 13 OCT.BOOK PARTIAL PROFIT AT CMP.FURTHER TARGETS ARE 2530.CMP:2470.
8. MCX CRUDE OIL NOV: SELL IN THE RANGE OF 3620 - 3625, WITH STOP LOSS OF 3652, TARGETS: 3580 - 3560. (CMP:3611).
9. MCX SILVER DEC: SELL IN THE RANGE OF 35480 - 35490, WITH STOP LOSS OF 35675, TARGETS: 35261 - 35139 - 35053.(CMP:35430).
10. MCX NICKEL OCT: BUY IN THE RANGE OF 1052 - 1050, WITH STOP LOSS OF 1042.9, TARGET: 1067 AND ABOVE. (CMP:1053.2).