OnlineCommodityCalls.com

In an exclusive interview with , Kishore Narne, VP, Anand Rathi Commodities, discusses various commodities and gives his outlook going forward.

BUY JEERA NCDX 11570, SL 11470, TGT 11750

Sell Gold 16680, sl 16750, tgt 16500

TODAYS MARKET CALLS

16685 TGT MET >>MCX BUY GOLD APR 16640-660 SL-BELOW 16610 TGT-16685-700-740 ABV 800 (CMP-16660)

332.10 TGT MET>>MCX BUY COPER ABV 329.50-330.50 S
L-BELOW 327.50 TGT-332.10-333-334.80 (CMP-331.40) nandini-research

MCX BUY NICKEL 927-933 SL-BELOW 922 TGT-936-940-944-950 (CMP-933) http://nandini-research-group.blogspot.com/

MCX BUY ZINC 103.80-104.10 SL-BELOW 103.20 TGT-104.60-105.10-105.60 (CMP-104.05) http://nandini-research-group.blogspot.com/

MCX BUY ZINC 103.80-104.10 SL-BELOW 103.20 TGT-104.60-105.10-105.60 (CMP-104.05) http://nandini-research-group.blogspot.com/

MCX BUY SILVER 24810-860SL-BELOW 24710 TGT-24900-24980-25050 (CMP-24860) http://nandini-research-group.blogspot.com/

MCX BUY COPER ABV 329.50-330.50 SL-BELOW 327.50 TGT-332.10-333-334.80 (CMP-330.50) http://nandini-research-group.blogspot.com/

Spot gold dips again after Fed Discount rate hike. Euro Gold remains firm. It is likely to trade in ranges, mostly in the USD 1,095-1,110 band. Buying interest intact, but seen weaker than previous days. Intraday traders would do well to remain neutral to directions, and look to add positions on the long side, only once above USD 1,130. Fall back below USD 1,095 would have eye USD 1,060, but we have plenty of supports on the lower side; that should slow down such falls, said Anand James, chief analyst, Geojit Comtrade today.
He recommended spot gold may trade within the short term range of USD 1,095/1,125, with negative bias and on a wider range 1,023/1,170.

Mustard April futures are trading weak and have broken the strong support of Rs 485, next support can be seen at Rs 473 and 468 (contract low). Volume and open interest is flat, said Dharmesh Bhatia, technical analyst, Kotak Commodity Services. Selling on rise at Rs 480-482 with stop loss of Rs 488 and target of Rs 468 is advisable.

Oil likely to remain highly volatile

MCX-TREND, SUPPORT & RESISTANCE (19TH FEB 2010)