SELL COPPER:CAPITAL VIA.COM
SELL COPPER FEB BELOW 337, TG- 335.8,334.3,332.3, SL339.5
SELL COPPER FEB BELOW 337, TG- 335.8,334.3,332.3, SL339.5
“Gold prices traded a volatile session seesawing to test both the sides as dollar fluctuated. Gold prices touched its months high as dollar took a breather from the recent rally against Euro on the talk of about a quick bailout for Greece. Euro denominated gold touched a new high lending a support to London Gold prices. Traders are eyeing the Fed`s chief Ben Bernanke`s testimony in Congress on Wednesday and Thursday as investors will be looking for clues on rates after the Fed surprised many by raising the discount rate last week. The world`s largest gold backed exchange traded fund, SPDR holdings stood at 1,107.596 tons down 0.2% as on February 19. Spot gold was seen trading at USD 1,119.1,“ said a report by Geojit Comtrade today.
Goldman Sachs said on Monday that benchmark oil prices will rise to USD 85-USD 95 a barrel this year as global economic growth accelerates, up from the low- USD 70 to low – USD 80 range since October last year.
SELL LEAD FEB BELOW 106.95, TG-106.45,105.90,105.25,SL 107.70
Last week, gold prices opened the week at Rs 16,509 initially moved lower, but found strong support at Rs 16,473 levels. Later prices moved sharply higher breaking the key resistance of Rs 16,850, made a high of Rs 16,880 and finally ended the week with a gain of Rs.316 to close at Rs 16,825, said senior technical analyst, Abhishek Chauhan, Angel Broking today.
NANDINI RESEARCH ( nandini.research@ymail.com )
NANDINI RESEARCH
NANDINI RESEARCH
Hem Securities has come out with its commodity report. According to the research firm support for Gold remains at Rs 16806-16795 per 10 gram it has resistance at Rs 16828-16839 per 10 gram.
TODAYS MARKET CALLS
BUY GOLD APR @ 16800-825 SL 16760 TGT 16856-16890-16922.MCX
NANDINI RESEARCH ( nandini.research@ymail.com )
NANDINI RESEARCH ( nandini.research@ymail.com )
NANDINI RESEARCH ( nandini.research@ymail.com )
Zinc likely to show positive trends
NANDINI RESEARCH ( nandini.research@ymail.com )
NANDINI RESEARCH
NANDINI RESEARCH ( nandini.research@ymail.com )
NANDINI RESEARCH ( nandini.research@ymail.com )
MCX SELL COPPER 338.50-339.50 SL-ABV 341.80 TGT-337.30-335.80-334.40 (CMP-338.50)
MCX-TODAY TREND, SUPPORT & RESISTANCE (22ND FEB 2010)
MCX-WEEKLY TREND, SUPPORT & RESISTANCE (22-27 FEB 2010)