MCX TECH CALLS
ALERTS:
1.MCX NICKEL DEC: BUY CALL IS STILL ACTIVATED GIVEN AT 1065 AROUND. REVISED TARGETS ARE 1116-1143. TRAIL SL TO 1050.BUY MORE ON DIPS. CMP:1098.
2.MCX NICKEL DEC: RISKY PLAYERS CAN ADD MORE POSITIONS AT CMP ALSO: 1098 AND OTHERS BUY IN THE RANGE 1092-1088. TARGETS ARE 1116-1144. CMP: 1098.
3.MCX NG DEC: AS RECOMMENDING REGULARLY THAT AT THE END OF DEC WE COULD SEE AROUND 250 LEVEL FROM AROUND 191. NOW TRADING AT 209.6, TARGETS 215-228-250.
4.MCX ALU DEC: FROM LAST 10 WEEKS TAKING STRONG SUPPORT AROUND 102 AND RESISTANCE AT 109.ONCE IT COME OUT OF THIS RANGE,WE CUD SEE 115.TREND BULLISH.
5.(IMP) MARKET REPORT:SHARE MARKET DOWN 2%, WE COULD SEE SOME CORRECTION IN COMMODITY MARKET. SO TRADE ON CAUTIOUS SIDE AND MAINTAIN STRICT STOPLOSS.THANKS6.MCX GOLD FEB: NOW TRADING AT 20550. MADE A HIGH OF 20644. OUR RESISTANCE WAS AT 20640 AROUND. AND MENTIONED TREND DOWN.
7.MCX SILVER FEB: NOW TRADING AT 43480. MENTIONED RESISTANCE AROUND 43850. MADE AHIGH OF 43895.
TRENDS:
1.MCX LEAD DEC: SUPPORTS ARE AROUND 107.7-106.1. RESISTANCE AROUND 112. TREND VERY BULLISH. BUY ON DIPS IS STRONGLY RECOMMENDED. CMP:109.
2.MCX ZINC DEC: SUPPORT AROUND 102-100.9. RESISTANCE AROUND 107. TREND BULLISH. BUY ON DIPS. CMP: 103.2. 3.MCX GOLD FEB: RESISTANCE AROUND 20630-20650. SUPPORT AROUND 20280. TREND DOWN. CMP: 20553.
4.MCX SILVER FEB: RESISTANCE AT 43843. SUPPORT ARE AROUND 42898-42391. TREND FLAT TO DOWN. CMP: 43260.
INTRADAY CALLS:
1.MCX CRUDE OIL DEC: BUY IN THE RANGE OF 4014-4010. AND MORE AT 3990. WITH STOPLOSS OF 3978. TARGETS 4053-4079. CMP:4020.
2.MCX NATURAL GAS DEC: BUY IN THE RANGE OF 204.5-204 AND MORE AROUND 202. WITH STOPLOSS OF 200.8. TARGETS 213 AROUND. CMP: 207.1.
3.MCX ZINC DEC: BOOK PARTIAL PROFIT AT 103.2 IN BUY CALL RECOMMENDED ON DIPS. MADE A LOW OF 102.05 AND SUPPORT GIVEN AT 102.
FUNDAMENTAL NEWS
1.MCX CPO: Hitting fresh 29-month high at MYR3,640/ton early in session, but tight global vegetable oils supply outlook is the main catalyst.
