COMMODITY CALLS ON 03 DECEMBER, 2010 (FRIDAY)

MCX TECH CALLS

INTRADAY CALLS:

1.(DON'T MISS)MCX LEAD DEC: BUY SOME AT MARKET OPENING AND MORE IN THE RANGE OF 105.5-105.2 WITH SL OF 103.8. TARGET 109.2 - 110.9. LAST CLOSE 106.3.
2. MCX CRUDE OIL DEC: FIRST TARGET COMPLETED AT 3972 IN POSITIONAL BUY CALL GIVEN AT 3885 AROUND. CMP: 3973.

3. MCX ZINC DEC: BOOK PATIAL PROFIT AT 101 IN BUY CALL GIVEN AT 100 AROUND. CMP: 100.9.

IMPORTANT ALERTS :
1. MCX N.G DEC: AS WE ARE SAYING REGULARLY THAT 191 IS VERY STRONG SUPPORT. TILL THE TIME 191 IS HOLD TREND WILL REMAIN BULLISH FOR THE LEVEL 215-228-250.
2. COPPER FEB: WE ARE VERY BULLISH IN THIS COUNTER TILL THE LEVEL OF 428. SUPPORT AROUND 375, ANY GOOD DIP IS STRONGLY RECOMMENDED TO BUY.
3. ZINC DEC: AS RECOMMENDED THAT 104 LEVELS COULD BE TOUCH SOON.YESTERDAY MADE A LOW OF 99.9. BUYING RECOMMENDATION ON DIP IS STILL ACTIVATED.CMP: 101.1.

TRENDS : 

1. MCX GOLD FEB: RESISTANCE IN THE RANGE OF 20620-20640. SUPPORT AT 20509-20439. TREND DOWN TILL THE TIME REMAINS BELOW 20640.
2. MCX SILVER MARCH: RESISTANCE AT 43490-43600. SUPPORT AT 43117-42822. TREND DOWN BELOW 43050. CMP:43390.

POSITIONAL CALLS : 
1. (SMALL QUANTITY) MCX ZINC DEC: BUY IN THE RANGE OF 100.2-100 AND MORE AT 99.5. WITH STOPLOSS OF 98.9. TARGET 104 AROUND.

FUNDAMENTAL NEWS

1. MCX CPO : Global crude palm oil output may rise by more than 3.5 million metric tons next year.a leading industry analyst said on Friday.
2. Ref Soy Oil : Futures amid strong export demand, worries about Argentina's soybean crop due to adverse weather, support from crude oil futures.