MCX TECH CALLS
INTRADAY CALLS :
1.MCX CRUDE OIL DEC: BUY AT 3950 AND MORE AROUND 3935. WITH STOPLOSS OF 3904. TARGETS 4009-4043. CMP: 3959.
2. MCX SILVER FEB: SELL IF COMES AROUND 43900 AND MORE AT 44200. TARGETS AROUND 43190. STOPLOSS WILL BE INITIATED ONCE PRICES WILL COME IN THE RANGE.
3. MCX GOLD FEB: SELL IF COMES IN THE RANGE OF 20670-20690 IN SMALL QUANTITY AND MORE AT 20740. WITH STOPLOSS 20790. TARGETS 20500-20341. CMP: 20600.
4.MCX GOLD FEB: BOOK PARTIAL PROFIT AT CMP 20635 IN BUY CALL GIVEN IN THE RANGE OF 20670-20690. CMP 20644.
5.MCX CRUDE OIL DEC: BUY AT 3950 AND MORE AROUND 3935. WITH STOPLOSS OF 3904. TARGETS 4009-4043. CMP: 3959.
6. MCX SILVER FEB: BOOK PARTIAL PROFIT AT CMP 43655 IN SELL CALL GIVEN AROUND 43900.
7.MCX SILVER FEB: BOOK FULL PROFIT AT 43500 IN SELL CALL GIVEN AT 43900 AROUND.
8.MCX GOLD FEB: BOOK FULL PROFIT AT 20510 IN SELL CALL GIVEN AT 20690 AROUND. CMP: 20516.
IMPORTANT ALERTS:
1.MCX ZINC DEC: IT MADE A LOW OF 99.75 AND WE MENTIONED THAT 99.6 IS VERY STRONG SUPPORT. NOW TRADING AT 103.05.
2.MCX COPPER FEB: REGULARLY RECOMMENDING BUYING FOR THE TARGET OF 428. SUPPORT AROUND 392. CMP: 408.2.3.MCX CRUDE: TREND IS VERY BULLISH BECAUSE AFTER 14 MONTHS IT HAS GIVEN A BREAKOUT. NOW STRONG SUPPORT AT 3850. WE COULD SEE 4160 VERY SOON.
IMPORTANT TRENDS:
1.MCX COPPER FEB: SUPPORTS ARE AT 400-396.4-393.2. RESISTANCE ARE AT 402.9-405.1. OVERALL TREND IS BULLISH. BUY ON DIPS IS RECOMMENDED. CMP:400.9.
2.MCX ZINC DEC: VERY STRONG SUPPORT IS AROUND 99.6. RESISTANCE 102.4-103.9-106.7. TILL THE TIME REMAIN ABOVE 99.3. TREND IS BULLISH. CMP:101.
3.MCX NG DEC:SUPPORTS AROUND 196.2-194.1-191.5 (MAJOR SUPPORT). OVERALL TREND IS BULLISH.TARGETS AROUND 215-228-250. BUY ON DIPS. CMP: 199.6.
FUNDAMENTAL NEWS
1.CPO:Downside is limited as output will remain weak in December, with availability of oils expected to be tight. Says Kuala Lumpur based broker.
