Friday, December 24, 2010

Commodity Call for the day

Commodity Contract Month LTP S2 S1 R1 R2 Trading Call BULLIONS (Rs.)
Gold  20437 20225 20378 20730 20925
Sell around 20450 stop above 20500 target-20380-20320 ranges.
Silver  44426 43500 44040 44750 45095
Sell around 44500-580 stop loss at 44750 target- 44250-44100 ranges.




ENERGY
Crude Oil Jan. 4143 4005 4080 4160
4240 No trade
Natural Gas Dec. 184.7 172 180 196 208 Buy around 183 stop
below 180.2 target-
191-193 -196 ranges.


BASE
METALS

Copper
Feb 425.6 416 421 429 434 Sell at open market
stop loss above 429
target-424-422 ranges.
Zinc Dec 103.55 101.6 103 105.5 107 Sell around 104 stop
loss above 104.8
target-103.2-102.5
ranges.
Lead Dec 110.2 107.20 109 111.95 113 Sell at open market
stop at 112.3 target-
109.5-108 ranges
Nickel Dec 1076.90 1055 1072 1118 1135 Sell around 1100 stop
above 1112 target-
1072-1066 ranges.


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