Update @ 1:30 PM

LME Inventory:

  • Copper    UP      1800
  • Zinc    UP      1325
  • Lead    DOWN    -50
  • Nickel  UP      192
  • Aluminum        DOWN    -11000

Cancelled warrant ratio:

  • Copper  UP       1.11
  • Zinc    DOWN     (0.18)
  • Lead    DOWN     (0.01)
  • Nickel  UP       0.38

INVENTORY IMPACT:

Metal inventories witnessed stockpiling except Aluminum and cancelled warrants have declined for lead and zinc and may continue to have negative impact. Warrants for Copper and Nickel have increased and may restrict much downside, however weak economic releases may continue to restrict gains in today’s session

Free Strategy Positional Call : Sell Zinc @ Cmp:104.30,Buy Aluminium @ Cmp:104.8,Current Different : 0.5 point,Expected :3, StopLoss: -3 points (Look – 15 Days) @ 21.06.12,01:32 PM

Copper June MCX Update @ 3 :00 PM

Support is seen at 415 levels, break below the same it is likely to extend its drop further.Next supports are seen at 412.8/410 levels. Key resistance level to watch for intraday is at 419, which is likely to hold downside view. CMp 416.50

FREE ZINC-ALUMINIUM STRATEGY CALL BOOKED PROFIT OF RS.17,500 + PER LOT ON  @ 27.06.12,09:55 PM

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