14 July 2006  
 
GOLD

MCX Gold (Aug) settled at 9802 levels, gaining Rs.81 from previous close. Yesterday gold continued to trade on upper side and touched an intra day high of 9832 levels but could not sustain it. Charts are also showing bullish trend and it may touch 10000 levels in days to come. For the day it is expected to continue its rally. Look for support at 9577 and 9488 levels and resistances at 9935 and 10037 levels.
SILVER

MCX Silver (Sep) futures also followed gold move and closed in green yesterday. However, it didn't gain much. Silver for September expiry closed at 17843 levels, marginally up by Rs.1 from previous close. However, it had touched intraday high of 18189 levels. Charts are also showing somewhat sideways trend and it may touch 18500 levels in days to come. Look for resistances at 18300, 19054 and support at 17433, 16982 levels.
CRUDE OIL

MCX Crude oil (Jul) futures touched all time high of 3609 and gained Rs. 545 yesterday to close at 3600 levels .In yesterday's trading session, crude traded in upside throughout the day. Charts are also favoring this bullish trend. In short term we expect crude to touch 3680 levels. For the day it is suggested to buy on dips. Supports can be seen at 3480 and 3443 levels and resistances at 3600 levels.
SOY OIL

NCDEX Soy oil (Jul) futures showed slight uptrend yesterday and touched intraday high of 424.6 levels and lost Rs 3 to close at 421. In previous trading session it had continued its recovery after continuous fall. Technically charts are showing slight upward trend and it is expected to touch 428 levels in short term. Strong resistances can be seen at 424.5 and 429 levels and supports at 419 and 415 levels.
Intraday Levels

Commodity

Supp2

Supp1

Prev
Close

Res 1

Res 2

Recommendation*

MCX Gold Aug

9621

9711

9802

9862

9923

Buy at 9802 SL 9761 TP 10000

MCX Silver Sept

17355

17599

17843

18138

18433

Buy at 17843 SL 17640 TP 18270

MCX Copper Aug

364.8

369.4

373.9

377.7

381.5

Buy at 372.5 SL 370.4 TP 383

MCX Crude oil Aug

3445

3522

3600

3643

3687

Buy at 3600 SL 3575 TP 3685

NCDEX Guar seed Aug

1926

1956

1985

2031

2076

Sell at 2000 SL 2021 TP 1950

NCDEX Urad Aug

2714

2751

2789

2838

2888

Sell at 2801 SL 2835 TP 2750

NCDEX Chana Aug

2272

2290

2307

2332

2356

Sell at 2315 SL 2339 TP 2272

NCDEX Sugar Aug

1881

1889

1896

1901

1905

Buy at 1890 SL 1880 TP 1905

NCDEX Soy oil Aug

418.2

419.6

421.05

423.6

426.1

Sell at 422.2 SL 424.5 TP 418

NCDEX Soybean Aug

1297

1305

1312.6

1321

1329

-

*NOTE: The calls shown above are purely INTRA-DAY and should NOT be Carried-forward.
 
Positional calls Open

Date

Recc

Particulars

Initiation price

Stop Loss/ reversal

Targets

CMP

MTM P/L

               



Calls Update

Fresh Calls


Nil



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Disclaimer
The report contains the opinions of the author, which are not to be construed as investment advices. The author, directors and other employees of Karvy and its affiliates cannot be held responsible for the accuracy of the information presented herein or for the results of the positions taken based on the opinions expressed above. The above mentioned opinions are based on the information which is believed to be accurate and no assurance can be given for the accuracy of these information. There is risk of loss in trading in derivatives. The author, directors and other employees of Karvy and its affiliates cannot be held responsible for any losses in trading.