Copper Update : As We Mentioned in yesterdays base Metal Update,Hold Short Position with SL of 415,Expected to see prices to resume its downtrend if it fails to breach the resistance at 415 levelsand will come Down at 405 Support Levels was Achieved  as Predicted.,Made Low of 403.60

BASE METALS NOON UPDATE:

Base metal futures are trading down by 0.4 to 1.3 percent apart from Aluminum at our domestic market. Increased physical premiums in Asia have restricted downside for the light metal. The Asian equities have retreated 1 to 2 percent while the European markets have also paired in gains by almost a percent.

LME Inventory Data:

  • Copper  UP      375
  • Zinc    UP      10025
  • Lead    DOWN    -425
  • Nickel  DOWN    -798
  • Aluminum        DOWN    -11175

Cancelled warrant ratio:

  • Copper  UP       0.41
  • Zinc    DOWN     (0.30)
  • Lead    DOWN     (0.20)
  • Nickel  UP       1.96

IMPACT: Metal inventories witnessed drawdown apart from Copper and Zinc while cancelled warrants increased for Nickel and may provide slight gain. Overall inventory may continue to have a negative impact on base metals

Free Strategy Recommendation (HIGH RISK): Sell Zinc at Cmp:104.40,Buy Aluminium at Cmp:108.30,Hold the Positions Without SL,Till Next Update ,@ 08.06.12, 03:36 PM

Copper Update : Copper 3M LME: Prices have breached the support at $7301 ( previous weeks low) and currently hovering at 7278 levels. Intraday view remain downside and the potential is seen until  $7200-7180 levels. Key resistance level to watch for intraday is at $7390 levels.

At MCX prices are at 404 levels and likely to test 402/400 levels if the resistance at 408 remains intact.

@08.06.12, 04:24 PM

  • Free Strategy Call Update1

Zinc : Position initiated at 104.40. ,Low Made:104.05, CMp 104.50,Recommended to Hold with  SL above 105 ,

Aluminium :  Positions Initiated at 108.30,High Made:108.75  Cmp:108.65 , Recommended to Hold with  SL below 108

  • Free Strategy Call Update2

Zinc : Position initiated at 104.40. CMp 104.30, Profit: Rs.500

Aluminium :  Positions Initiated at 108.30,Cmp:108.70 Profit: Rs.2000

Small traders can Book Profit of Rs.2500/- per lot,

High Risk Traders can Still Hold the Call for Profit of Rs.5000+ per lot

@08.06.12, 07:24 PM

  • Another Free Call for you (HIGH RISK)

Sell Copper 1st Lot at Cmp:404.50-405,2nd Lot @ 410.50, T1:402.50,T2:400.50,SL above : 415 @08.06.12, 08:44 PM

  • Free Strategy Call Update 3

Zinc : Position initiated at 104.40. CMp 103.80, Profit: Rs.3000+ per lot

Aluminium:Positions Initiated at 108.30,Cmp:108.70 Profit: Rs.2000+ per lot

One Book Profit of Rs.5000+ per lot

@08.06.12, 09:18 PM

Free Strategy Call Update ( Final )

Zinc : Position initiated at 104.40. CMp 103.70, Profit: Rs.3500+ per lot

Aluminium:Positions Initiated at 108.30,Cmp:108.95 Profit: Rs.3250+ per lot

Every One Book Profit of Rs.6750+ per lot

@08.06.12, 10:16 PM

Want Daily Stratagy Calls Like this on your Mobile ? Subscribe to Our Premium Pack..

Earn with Lowest Risk, Strategy Call Success Ratio is More than 96%

[button link=”http://qoop.in/shop/premium-membership-bullion-base-metals-energy-commodities-for-medium-investors/” style=”alert” text=”grey” window=”yes”]Subscribe now for Safe Trade Premium Pack[/button]
1 reply
  1. Harpreet Singh
    Harpreet Singh says:

    Unique Call, Good Stratagy Sir ji..I watch todays call, not traded, it was very good..i m waiting for Next This Type Call…Thnaks

    Reply

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *