long view calls

SPOT GOLD INTERNATIONAL
LIKELY TO TEST $ 885/877 WITH ANY BREAK & CLOSE BELOW $ 893 AND CLOSE BELOW $ 873/$ 856 & $ 845 TEST $ 830 - 815 UPTO $ 790... ONLY CLOSE ABOVE $ 935/976 & $ 988 BULLISH RALLY AGAIN


SPOT SILVER INTERNATIONAL
LIKELY TO TEST $ 16.45/16.25 WITH ANY BREAK & CLOSE BELOW $ 16.80 AND CLOSE BELOW $ 16.20 & 15.95 TEST $ 15.50 - 15.25 ATLEAST UPTO $ 14.80... ONLY CLOSE ABOVE $ 17.95 / 18.70 & 19.5 BULLISH RALLY AGAIN


MCXARUN
9994500540

crude intraday

Crude oil fell for a third day in New York, trading near $118 a barrel as demand may be further eroded by economic slowdowns in the U.S., Europe and China. Now support for the crude is seen at 5001 and below could see a test of 4944. Resistance is now likely to be seen at 5118, a move above could see prices testing 5178.

Trading Ideas

TRADING RANGE IS 4944-5178.
CRUDE BELOW 120$ BEARISH TILL 116.70-112.40$.
CRUDE INVENTORY EXP: 0.1M VS -0.1M
SELL CRUDE ON JUMP @ 5120-5150 SL 5198 TGT 5062-5022-4980-4930-4860. MCX
SELL CRUDE BELOW 4960 SL 4990 TGT 4911-4848-4800-4760. MCX

MCXARUN
9994500540

zinc intraday

Zinc yesterday we have seen that market has moved -1.51%. Market has opened at 75.75 & made a low of 74.25 versus the day high of 76.45. The total volume for the day was at 11842 lots and the open interest was at 10808.Now support for the zinc is seen at 73.95 and below could see a test of 73. Resistance is now likely to be seen at 76.15, a move above could see prices testing 77.4.

Trading Idea

TRADING RANGE IS 73.00-81.00.
SELL ZINC @ 76-77 SL 77.80 TGT 75.20-74.30-72.60.MCX
SELLING PRESSURE STILL MOUNTING IN THE AREA OF 75-76 TARGETING 72-71 LEVEL

MCXARUN
9994500540

nickel intraday

Nickel declined to a two-year low of $17,450 a metric ton and zinc to $1,730 a ton, the weakest since December 2005, as data showed inventories jumped as demand from industry slows. Yesterday the LME nickel stock was 222 against the previous of 264 Nickel has touched a low of Rs 742.6 a kg after opening at Rs .773.1, and last traded at Rs 746.9.For today market is looking for the support at 734.30, a break below could see a test of 721.70 and where as resistance is now likely to be seen at 767.70, a move above could see prices testing 788.50.

Trading Ideas

TRADING RANGE IS 720-780.
HOLD / SELL NICKEL AUG @ 760-765 SL 776 TGT 756-752-745-738-720. MCX
OVERLL NICKLE IS WEAK AND BERISH AND WE LOOK SUPPORT AT 700-680 LEVEL.


MCXARUN
9994500540

copper intraday

Yesterday the LME copper was 2550mt against the previous of 1550mt. Copper has touched a low of Rs 317.55 a kg after opening at Rs 322.55, and last traded at Rs320.05.For today market is looking for the support at 317.20, a break below could see a test of 314.40 and where as resistance is now likely to be seen at 323.20, a move above could see prices testing 326.30.

Trading Ideas

TRADING RANGE IS 314.40-326.30.
SELL COPPER @ 324-325 SL 328.20 TGT 322.50-319.60-317.40. MCX
A JUMP CAN BE SEEN TODAY AFTER YESTERDAY FALL IS GOOD TO SELL


MCXARUN
9994500540

silver intraday

Silver has finally taken out 16.85, the 200 day moving average. The unit extended toward 16.56, opening up a visit to April’s low of 16.01. Bearish price action for silver has it underperforming gold again. The gold silver ratio has moved back to 53.00. Precious metals risk deeper liquidation now that longer term moving averages have been broken. Now support for the silver is seen at 23171 and below could see a test of 22950. Resistance is now likely to be seen at 23757, a move above could see prices testing 24122.

Trading Ideas:

TRADING RANGE IS 22950-24122.
SILVER IS BELOW 16.56$ CAN FIND THE SUPPORT TILL 16.22-15.96$
SELL SILVER @ 23800-900 SL 24056 TGT 23635-23522-23380-23120.MCX
BELOW 23000 IS BEARISH AS 3 TIMES PREVIOUSLY MKT HAD JUMP FROM THIS LEVEL

MCXARUN
9994500540

mcx gold intraday

Gold tumbled down through the 200 day moving average yesterday at 888. The move extended to just shy of our June reactionary low near 875. The technical picture remains negative while gold holds below the down channel top at 908. Downside support is positioned at 857.50. Now support for the gold MCX is seen at 12066 and below could see a test of 11968. Resistance is now likely to be seen at 12320, a move above could see prices testing 12476.

Trading Ideas:

TRADING RANGE IS 11968-12476.
BUY GOLD @ 12150-165 SL 12090 TGT 12200-235-270-310. MCYESTERDAYS BTST)
SELL GOLD @ 12320-350 SL 12390 TGT 12270-12215-12160-12080. MCX
A BREAK OF 12100 IS BEARISH TILL 12000-11860. MCX
CRUDE IS STILL BELOW 120$ CREATING PRESSURE ON BULLION


MCXARUN
9994500540