MCX Commodity Market Newsletter for September 26th, 2011 by InvestEarn

INDIAN MCX COMMODITY MARKET NEWS LETTER FOR 2011-09-26

 

 

 

For 2011-09-26

Daily Short Term Sell Calls

High Risk High gain zone with One Day to One Week Time
Index, group a and future based shares

M_CRUDEOIL-I ( C – 4018 ): Daily Chart Looking Weak: Sell around 4069 Target1 – 3954 , Target2 – (Paid) : Ressistance1 – 4133 – Ressistance2 – 4248

M_GOLD-I ( C – 26184 ): Daily Chart Looking Weak: Sell around 26715 Target1 – 25433 , Target2 – (Paid) : Ressistance1 – 27466 – Ressistance2 – 28748

M_LEAD-I ( C – 95.8 ): Daily Chart Looking Weak: Sell around 98.8 Target1 – 92.5 , Target2 – (Paid) : Ressistance1 – 102 – Ressistance2 – 108

M_SILVER-I ( C – 52365 ): Daily Chart Looking Weak: Sell around 55141 Target1 – 48575 , Target2 – (Paid) : Ressistance1 – 58931 – Ressistance2 – 65497

Legends: C-Close, T1- Target one, T2- Target two, R1- Resistance 1, R2-Resistance 2, S1-Support one S2-Support two, Symbol with -I is known as Current Future, -II-Next Month future , -III-Far Month future. As per our level, the trader should take BUY position just around our buy around level and keep the stop of Support1level and the first target would be Target1.If Target1is crossed then Target2becomes the next target with the stop at buy around level .Similarly if price goes around our Sell around level the trader should SELL and keep the Resistance1as Stop and the first target would be Target1. If Target1 is crossed then Target2 becomes the next target with the stop at Sell around level. If any time stop triggered (Buy/Sell) go reverse(buy calls mean go short-Sells call mean go long )- For buy call stop (Support1) triggered- you go short and keep target as Support2and keep stop as Buy around- For sell call stop triggered(Resistance1)-you go long and seep target as Resistance2and keep stop Sell around level

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Disclosure:

The analyst and his dependents hold no positions in the stocks/futures where calls are given.

 

 

DISCLAIMER: The recommendations made herein do not constitute an offer to sell or a solicitation to buy any of the securities mentioned. No representations can be made that the recommendations contained herein will be profitable or that they will not result in losses. Readers using the information contained herein are solely responsible for their actions. Information is obtained from sources deemed to be reliable but is not guaranteed as to accuracy and completeness. The above recommendations are based on the theory of Technical Analysis and do not reflect the fundamental validity of the Scrip.

 

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