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Friday, January 4, 2013

MCX base metal updates


Today in the morninig session base metal  are worked with the red flag , and  bullion are the worst performrer in the first session of the tarde. If we talking about the base metal currently they  take a positive flag and  continue to walk with it. Nickel are the best performer in the base metal from the starting  of the week. While the movement in the zinc and  copper give some relief to the tarder.

Mentha oil  movement  were  shocked trader  today, in the early tarding session mentha oil in the good position but  from the aternoon it continue to move in the opposite direction and fallen by 33 point . menth oil   break 3 support  today and expected to go more downward direction .

Cotton  continue its direction from starting of the year, it moving with ared flag during this whole week. Volume does not support the cotton due to fallen in the price.

Today calls

Buy nickle(31 jan) above 964  tgt  965 ,967…..sl  960

Buy copper (28 feb) above 451.90 tgt 452, 453……….sl 448

Buy mentha oil (31 jan)above   1394 tgt 1396, 1400………….sl 1385

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