Saturday, October 23, 2010

COMMODITY CALLS ON OCTOBER 21, 2010 (THURSDAY)

"Even though when you fall the journey becomes longer, the reward to getting up is that you become stronger."


1. (TREND)MCX GOLD DEC: RESISTANCE AT 19592 / 19672 / 19741. SUPPORT AT 19468 / 19347. INTRADAY TREND RANGE BOUND. SELL ON 2ND RESISTANCE OR BUY ON 2ND SUPPORT.
2. (TREND)MCX NATURAL GAS OCT: SUPPORT ARE AT 155.6 / 154.3.RESISTANCE 160.1 / 162.9 / 167.6. TREND BULLISH IF REMAIN ABOVE 160. (CMP :157.2)
3. (ALERT)MCX ZINC OCT:AS WE ARE SAYING REGULARLY THAT BUY ON EVERY GOOD DIP FOR THE POSITIONAL TGT 113 AROUND.VERY STRONG SUPPORT 104 AROUND.TREND BULLISH.
4. (TREND)MCX NICKEL OCT: RESISTANCE ARE AT 1064-1079. FROM LAST 3 DAYS TAKING SUPPORT AROUND 1036.INTRADAY TREND BULLISH IF IT REMAINS ABOVE 1065. (CMP :1058)
5. (ALERT) NCDEX CHANA AND PEPPER: STILL GOING VERY STRONG AS WE ARE SAYING REGULARLY TO HOLD BUY POSITIONS FOR TGTS OF 2461 AND 19376 RESPECTIVELY.
6. (POSITIONAL CALL) MCX NICKEL OCT: BUY AT CMP 1057, WITH STOP LOSS OF 1051, TARGETS: 1072 - 1084.(CMP:1057.3).
7. (ALERT)MCX ALUMINIUM OCT: WE ARE EXPECTING 116 AND ABOVE LEVELS INCOMING WEEKS.SO KEEP CLOSE WATCH AND BUY ON ANY GOOD DIP. OVERALL TREND IS BULLISH.SUPPORT 98.
8. (TREND)MCX COPPER NOV: SUPPORTS ARE AT 370.6-367.8. RESISTANCE ARE AT 374.2-376.5-382.TREND BULLISH TILL THE TIME IT REMAINS ABOVE 368.5.(CMP :372.9)
9. (POSITIONAL CALL) MCX LEAD OCT: SECOND TARGET 108.9 ACHIEVED IN BUY CALL GIVEN ON 13 OCT IN THE RANGE OF 104.8-104.6.NEXT TGT IS 112.3(CMP:109.55).
10. (TREND)MCX SILVER DEC:WE R ASSUMING THAT 37000 LEVEL COULD ACT AS A IMP RESISTANCE IN COMING WEEKS.FURTHER HIGH COULD BE SEEN IF REMAINS ABOVE 37200 REGULARLY
11. (ALERT)MCX NICKEL OCT: RISKY PLAYER CAN ADD SOME MORE POSITION AT CMP 1065 FOR THE REVISED TGT OF 1072-1085. (CMP :1065.1).
(ALERT)MCX SILVER DEC: DOWNTREND COULD CONTINUE TOMORROW ALSO TILL THE LEVEL OF 34700 . RESISTANCE 35330. (CMP :35040).

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