Wednesday 14 November 2012
CARDAMOM INTRADAY LEVELS
Buy is advised only above 822.4 with a stop at 791.4 Below 782 go for sell and put stop at 813.3
Intraday Resistance of CARDAMOM are 808.7/815.2/825.9
Intraday Support of CARDAMOM are 795.9/789.4/778.7/761.9
CARDAMOM TREND
Currently Cardamom is moving sideways The Cardamom is now trading in oversold level.In last 3 weeks Cardamom is trading in low volatality Buy the Cardamom above 856 or buy with strict stop at 757.Positionally Support for the Cardamom is 790.Resistance for the Cardamom is 842-897-924.
ZINC INTRADAY LEVELS
Currently Zinc is in BUY position In short term Zinc is in strong up trend so hold with stop at 103.
Intraday Resistance of ZINC are 104.9/105.6/109.2/112.2
Intraday Support of ZINC are 103.2/102.5/99.4/96.6
ZINC TREND
Currently Zinc is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend.Positionally Support for the Zinc is 103-101-100-. Immediate resistance for Zinc is 105
SILVER INTRADAY LEVELS
Currently Silver is in BUY position In short term Silver is in strong up trend so hold with stop at 60650.
Intraday Resistance of SILVER are 61233/61589/61415/61538
Intraday Support of SILVER are 60374/60018/60427/60304
SILVER TREND
Currently Silver is in strong uptrend with good momentum and the trend is supported with good volume.Positionally Support for the Silver is 60305-59457-59398-59391.Resistance for the Silver is 61383
NICKEL INTRADAY LEVELS
Buy nickel above 889.2 with a stop at 876.8 Below 873.8 go for sell with stop at 886.2
Intraday Resistance of NICKEL are 883.6/885.3/896.2
Intraday Support of NICKEL are 879.4/877.7/867.7
NICKEL TREND
Nickel is bearish for medium-long term .Currently Nickel is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend .Positionally Support for the Nickel is 872-871-.Resistance for the Nickel is 886-909-915
NATURALGAS INTRADAY LEVELS
Buy is advised only above 207.9 with a stop at 200.9 Below 198.9 go for sell and put stop at 205.9
Intraday Resistance of NATURALGAS are 205.3/207.3/210.5/212.6
Intraday Support of NATURALGAS are 201.5/199.5/196.3/194.9
NATURALGAS TREND
The Naturalgas is in perfect uptrend cmp-204.Currently Naturalgas is showing some down move and trend is strong momentum is also showing strength and supported with good volume The open interest is not increasing with trend .SELL signal For short term Naturalgas is in SELL position.Positionally Support for the Naturalgas is 197-194.
GOLD INTRADAY LEVELS
Buy gold above 31975 with a stop at 31559 Below 31463 go for sell with stop at 31879
Intraday Resistance of GOLD are 31817/31899/32103/32193
Intraday Support of GOLD are 31620/31538/31391/31302
GOLD TREND
Currently Gold is in strong uptrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend.Positionally Support for the Gold is 31137-31115-31108-31052-31020-30735.Immediate resistance for Gold is 32065
CRUDEOIL INTRADAY LEVELS
Buy is advised above 4760 with a stop at 4634 Below 4601 go for sell with stop at 4724
Intraday Resistance of CRUDEOIL are 4704/4724/4775
Intraday Support of CRUDEOIL are 4655/4634/4606
CRUDEOIL TREND
Crudeoil is bearish for medium-long term .Currently Crudeoil is moving sideways.BUY Signal and Crudeoil is recovering from oversold level .In last 1 month volatality is very less Buy the Crudeoil 18dec2012 above 4842 or buy with strict stop at 4575.Positionally Support for the Crudeoil 15nov2012 is 4660-4657.
resistance for the Crudeoil is 4738-4845.
LEAD INTRADAY LEVELS
Buy is advised above 121.1 with a stop at 117.5 Below 116.5 go for sell
Intraday Resistance of LEAD are 119.5/120.1/124.3
Intraday Support of LEAD are 118/117.4/113.8/110.9
LEAD TREND
The Lead is in perfect uptrend cmp-119.Currently Lead is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing.BUY signal For short term The current position.Positionally Support for the Lead is 118-117-116.Immediate resistance for Lead is 122
COPPER INTRADAY LEVELS
Buy is advised above 423.4 with a stop at 416
Below 414.1 go for sell
Intraday Resistance of COPPER are 420.8/422.6/429.1/435
Intraday Support of COPPER are 416.7/414.9/409.5/403.8
COPPER TREND
Overall trend of the Copper is bearish for medium-long term .Currently Copper is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing.BUY signal For short term Copper is in HOLD SHORT position.Positionally Support for the Copper is 416-.Resistance for the Copper is 426-431.
ALUMINIUM INTRADAY LEVELS
Buy is advised above 109.8 with a stop at 106.3
Below 105.3 go for sell with stop at 108.8
Intraday Resistance of ALUMINIUM are 107.9/108.2/112.6/115.6
Intraday Support of ALUMINIUM are 107.2/106.9/102.6/99.8
ALUMINIUM TREND
The Aluminium is in perfect uptrend CMP 108 .Currently Aluminium is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing.BUY signal For short term The current position is BUY .Positionally Support for the Aluminium is 107-106-105-104-. Immediate resistance for Aluminium is 108
Bull mkt on; see strong reformist govt in '14: Jhunjhunwala
The market is gradually revving up for a bull run that could take off in about 14-15 months time, feels Big Bull Rakesh Jhunjhunwala. He is betting on inflation, and commodity and interest rates to ease hereon. And contrary to popular opinion, Jhunjhunwala expects the 2014 general elections to throw up a strong reformist government.
"We will get a far better government in 2014 or whenever the elections are held, than what people are anticipating," he said in an interview with CNBC-TV18.
"Whichever government comes in, will have to take right decisions even if it is fragmented. I feel we will get BJP-led government and if Mr Modi is made the Prime Minister, I am told he is going to be BJP's prime ministerial candidate, we can have some good work very soon," he said.
On the stocks in his portfolio, Jhunjhunwala is bullish on the long term prospects of Lupin , Praj Industries and Nagarjuna Constructions. And while there have a few disappointments like A2Z and Hindustan Oil Exploration, Jhunjhunwala says he has no regrets since the outperformers have more than made up for the laggards.
Oct Inflation falls to 7.45%, slowest in 8 months.....
Government data showed on Wednesday.
India's wholesale price index (WPI) rose a slower-than-expected 7.45 percent in October from a year earlier.Analysts on average had expected an annual WPI rise of 7.96 percent. The annual reading for August was revised up to 8.01 percent.
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