Wednesday, October 29, 2008

safe trade calls

GOLD

US FED Interest Rate decision schedule today at 11.45 PM. Continue to view, as long support of 11900 & 11725, some bounce back expected towards 12300-12400 in coming days. for the day buy only abv 12100 S/L 12050 and T/p 12150-160/ towards 12250 OR buy ard 11735-40 S/L 11725 and T/p 11790-840 (any time close above 12100/12325/12850/13600/14325 bullish while close below 11575/11290-250 bearish for medium term)

SILVER

Continue to view as long Resist 17150 & 17750 down trend likely to continue. book profit on sell below 17500/17075/ 16950/16500, for the day sell only below 16125-100 S/L 16230 and T/p 16000/ 15850 OR sell ard 16620-30 S/L 16650 and T/p 16500-425 (any time close below 16100-15975 bearish rally while close above 17750/19000/20550/21400/ 22150/25250/26350/27475/28000 bullish for medium term)

CRUDE

Continue to view, as long Resist 3340 & 3475, down trend likely to continue. book profit on sell below 3450/3250, for the day sell below 3230/3200 & more below 3175 S/L 3250 and T/p 3140/3100 OR sell ard 3370-75 S/L 3380 and T/p 3340-20 (now crude need to close above 3765/4120/4400/4800/5000/5290 for bullish rally while close below 3175 bearish for medium term)

COPPER

for the day buy only abv 215 S/L 213.5 and T/p 216/218.5/towards 222 OR sell below 209 S/L 210.5 and T/p 207/205 Max upto 201 where good support seen again (upside strong rally only on close above 214/225/248/270/305/316/327/ 339/351.25/360.5/387/398 while close below 188.5 bearish for medium term)


MCXARUN
9994500540

long view calls

COPPER
LIKELY TO TEST 175 ATLEAST / TOWARDS 168 WITH ANY BREAK & CLOSE BELOW 188.5, ONLY CLOSE ABOVE 248.5/270 SOME UPSIDE AGAIN(NOV)


ZINC
LIKELY TO TEST 52/UPTO 49 WITH ANY BREAK & CLOSE BELOW 55,(NOV)

LEAD
LIKELY TO TEST 54-50 WITH ANY BREAK & CLOSE BELOW 58 (NOV)

ALUMINUM
LIKELY TO TEST 91-190 WITH ANY BREAK & CLOSE BELOW 95.5, ONLY CLOSE ABOVE 112 SOME UPSIDE AGAIN(NOV)

NICKEL
LIKELY TO TEST 430 / TOWARDS 400 WITH ANY BREAK & CLOSE BELOW 465, ONLY CLOSE ABOVE 672 SOME UPSIDE AGAIN(NOV)

MCXARUN
9994500540