safe trade calls

GOLD

as US market remain closed on Independence Day Holiday, so trading range seen between 13000 - 13275. for the day buy only abv 13250 & 13275 S/L 13220 and T/p 13300-330/ sustain abv 13330 towards 13500 in coming days OR sell only below 12950 S/L 12975 and T/p 12895-900/12835/ 12790 where strong support seen again (any time close above 13330/13510 bullish while close below 12750/12150/ 11920/11775/11375/11200 bearish for medium term)

SILVER

book profit on buy abv 24975/25925, trading range seen between 25300 - 26150, for the day buy only abv 26100 & 26150 S/L 26020 and T/p 26300-500/ towards 26800 in coming days OR buy ard 25330-40 S/L 25300 and T/p 25425-25550 (any time close below 24340/ 23525/23075/21825 bearish rally while close above 26150/26900/28000 bullish for medium term)

CRUDE

book profit on buy above 5945/6120/ 6150/6220, for the day buy only abv 6300 S/L 6280 and T/p 6330-50/upto 6380 OR buy ard 6060-62 S/L 6050 and T/p 6150-125/upto 6185, anytime sustain below 5990 sharp correction expected (now crude need to close above 6215 for bullish rally while close below 5990/5635/5440/5215/5100/ 4415/3890 bearish for medium term)


COPPER


PRICE TURN EXACT FROM OUR GIVEN SUPPORT LEVEL. for the day buy ard 368.5-369 S/L 368 and T/p 372-374.5 OR sell ard 384-384.5 S/L 385 and T/p 382-81/379 (upside strong rally only on close above 387.5/398 while close below 361/351.5/339/ 331.5-330.5/326/311 bearish for medium term)


MCXARUN
9994500540

zinc intraday

Zinc yesterday we have seen that market has moved -5.9%. Market has opened at 81.5 & made a low of 77.25 versus the day high of 82.35. The total volume for the day was at 10995 lots and the open interest was at 7299.Now support for the zinc is seen at 75.60 and below could see a test of 73.85. Resistance is now likely to be seen at 80.70, a move above could see prices testing 84.10.
Trading Idea
• TRADING RANGE IS 73.00-83.00.
• YESTERDAY ZINC FALL AS PER OUR EXPECTATION
• BUY ZINC ABV 78 SL 76.80 TGT 79.20-80-80.60. MCX
• A CLOSE ABV 80.60 WILL BRING AGAIN THE LEVEL TILL 85.50

MCXARUN
9994500540

nickel intraday

Yesterday the LME nickel stock was 198 against the previous of 168 Nickel has touched a low of Rs 905 a kg after opening at Rs .938, and last traded at Rs 913.For today market is looking for the support at 898, a break below could see a test of 883 and where as resistance is now likely to be seen at 935, a move above could see prices testing 956.
Trading Ideas
• TRADING RANGE IS 883-956.
• TRADING RANGE IS 883-956.
• AS TOLD YESTERDAY NICKEL BELOW 936 WILL TOUCH 908 SAME HAPPENED.
• FOR TODAY BUY NICKEL ABV 915 SL 908 TGT 921-926-932. MCX
• SELL NICKLE @ 945-950 LS 962.50 TGT 936-931.20-926.80-920. MCX

MCXARUN
9994500540

copper intraday

Yesterday the LME copper was 25mt against the previous of 125mt. Copper has touched a low of Rs 374.3 a kg after opening at Rs 382.9, and last traded at Rs375.35.For today market is looking for the support at 371.30, a break below could see a test of 367.20 and where as resistance is now likely to be seen at 382.10, a move above could see prices testing 389.60.
Trading Ideas
• TRADING RANGE IS 367.20-389.60
• COPPER IMP SUP IS AT 372.
• BUY COPPER @ 372-373.50 SL 370 TGT 375.50-378.80-380.20. MCX
• ONLY A BREAK OF 370 CAN BRING SELLING PRESSURE TILL 364.80. MCX

MCXARUN
9994500540

CRUDE intraday

Crude oil was little changed in New York after rising to a record yesterday as investors purchased commodities as an alternative to flagging equities markets. Now support for the crude is seen at 6177 and below could see a test of 6110. Resistance is now likely to be seen at 6305, a move above could see prices testing 6366.
Trading Ideas
• TRADING RANGE IS 6110-6366.
• SELL CRUDE @ 6245-6260 SL 6300 TGT 6220-6190-6145-6080.. MCX
• IMP IS 140$ IN INTERNATIONAL.


MCXARUN
9994500540

silver intraday

Silver opened at 1840/1843 in New York. The metal followed gold and plunged on the back of a weaker Euro. Prices reached a low of 1800/1803 but quickly rallied as oil strengthened, climbing higher most of the morning. Silver slipped near noon as the Euro continued to weaken, but received support around 1826/1829 where it range traded and finally closed. Now support for the silver is seen at 25375 and below could see a test of 25024. Resistance is now likely to be seen at 26114, a move above could see prices testing 26502.

Trading Ideas:
• BUY SILVER SEPT @ 25650-700 SL 25560 TGT 25812-880-980. MCX
• SELL SILVER BELOW 24460 SL 24570 TGT 24345-270-24180-24080. MCX
• BELOW 24000 IMP SUPPORT IS AT 23650-480. MCX
• TRADING RANGE IS 25024-26502.

MCXARUN
9994500540

gold intraday

Gold opened in New York at its high of 944.00/945.00. The dollar rallied on the back of more dovish than expected comments by ECB President Trichet, causing gold to plummet. Prices rallied slightly as oil recovered, but the rally was short lived with the metal spending the rest of the session ticking lower, finally closing at 932.00/933.00. Now support for the gold MCX is seen at 12948 and below could see a test of 12843. Resistance is now likely to be seen at 13213, a move above could see prices testing 13373.


Trading Ideas:

• BUY GOLD @ 13050-13060 SL BELOW 12990 TGT 13090-13128-13156-13180. MCX
• SELL GOLD BELOW 12980 SL 13080 TGT 12925-880-835-760. MCX
• US MARKET CLOSED SO MKT WILL BE EYE CRUDE FOR CLUE AND TRADING FLAT TO NEGATIVE.
• TRADING RANGE IS 12843-13373.


MCXARUN
9994500540