Wednesday, August 20, 2008

safe trade calls

GOLD

PRICE TURN EXACT FROM OUR GIVEN RESISTANCE=11750 AS DAYS HIGH=11744. Now good Resistance seen at 11750 & 11950 from where again correction expected. book profit on buy abv 11550, fresh buy only abv 11750 S/L 11720 and T/p 11800-810 upto 11900 OR sell below 11625 S/L 11655 and T/p 11585-530 upto 11450 where support seen again (any time close above 11750-11950/12680/12950/ 13550/13850 bullish while close below 11125 bearish for medium term)


SILVER


we book profit on buy abv 20000. continue to view as long Resistance of 20500 & 21725, down rally likely to continue. for the day buy only abv 20350 S/L 20300 and T/p 20425-500/ only sustain abv 20500 more upside expected OR sell below 20050 S/L 20140 and T/p 19975-900 upto 19775(any time close below 18900 bearish rally while close above 21900/22850/ 25000/26100/27250/28000 bullish for medium term)


CRUDE

Crude oil inventory schedule to release today PRICE TURN EXACT FROM OUR LEVEL ON BOTH SIDE. book profit on buy abv 5035, buy only abv 5120 S/L 5100 and T/p 5150/5210 OR sell below 4900 S/L 4925 and T/p 4865-45/20/ 4780-60/close below 4760 test 4630-50 atleast in coming days (now crude need to close above 5130/5475/ 5710/6375 for bullish rally while close below 4865/4760 bearish for medium term)

COPPER

for the day sell ard 332.2-332.5 S/L 333 and T/p 330.5/328.5 towards 323 in coming days OR sell below 328.5 S/L 330 and T/p 326/323-22 where support seen for today (upside strong rally only on close above 336.5/351/360.5/371/ 387.5/398 while close below 312/302/ 289/265/251.5/235 bearish for medium term)


MCXARUN
9994500540

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