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Bank Nifty Future is holding the upper levels & looking technically strong to make fresh up moves from the current levels. The next resistance zone for bank nifty future seems to be in the zone of 11100 to 11110. Decisive closing above this resistance zone may take up it till the level of 11500 in near run. In the downside the crucial short term support seems to be at the levels of 10500 to 10525. Closing below this support zone may drag it till the lower level of 10100 in near run.

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Mcx Ncdex Commodity Trading Tips

BUY GOLD @ 19050-19065 SL 19018 TGT 19100-19134-19160.MCX

BUY SILVER DEC @ 31000-31060 SL 30880 TGT 31140-31205-31360.MCX

BUY CRUDE @ 3470-3480 SL 3456 TGT 3499-3518-3535.MCX

COPPER BELOW 361 LOOK TO TEST SUPPORT AT 354.80 LEVEL. WAIT FOR ENTRY.

BUY ZINC SEPT @ 99.80 SL 98.70 TGT 100.40-101.50-102.20.MCX

BUY NICKEL SEPT @ 1005-1009 SL 998 TGT 1015-1021-1028.MCX

SELL GUAR SEPT @ 2080-2090 SL 2106 TGT 2064-2045-2026.NCDEX

SELL PEPPER SEPT @ 19600-680 SL 19780 TGT 19470-19360.NCDEX

PROFIT BOOKING CAN BE SEEN. SELL MENTHOL @ 784 SL 789 TGT 780-776-772.80.MCX

SELL SOYABEAN SEPT @ 2020-2025 SL ABV 2042 TGT 2003-1990.NCDEX

SELL CHANA SEPT @ 2195 SL 2216 TGT 2178-2156.NCDEX

SELL TMC SEPT @ 12180 SL 12300 TGT 12020-11960-11840.NCDEX

SELL JEERA SEPT @ 13380 SL 13480 TGT 13270-13210-13140.NCDEX

BUY ALUMINIUM SEPT @ 98.80 SL 97.80 TGT 99.40-100.50.MCX

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Mcx Ncdex Commodity Trading Tips

Gold prices were mixed in Asian trade Friday ahead of a key US jobs data while ETF gold eased.Gold for immediate delivery was seen trading at $1249.64 an ounce at 12.00 noon Singapore time while US gold futures for December delivery was at $1251.7 an ounce at the same time.

Analysts said the US jobs data are likely to show negative trends that may dampen safe haven appeal of the bullion.However some analyst said a weak US labour market report could trigger a new round of safe-haven gold buying.Investors tend to favor physically backed bullion products as a haven from risk in times of economic or financial market uncertainty, they said.

Meanwhile, holdings in the world’s largest gold-backed exchange-traded fund, SPDR Gold Trust, fell for the first time in a week on Thursday with a sizable decline of 9.12 tons, the largest one-day drop since late July.Gold futures on Thursday closed less than half a percentage point away from their record high, resuming their climb as investors continued to use the metal as a means of safeguarding wealth.Gold futures for December delivery rose $5.30, or 0.4 per cent, to settle at $1253.40 on the Comex in New York. The price reached $1256.60, the highest level for a most-active contract since June 28.

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MARKET STOCK SPECIFIC
NIFTY RANGE 5450-5540
BUY DHAMPUR SUGAR CMP 67 STOP 64 TARGET 73/78
VISIT
WWW.ASHOKSHARMA.CO.CC

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TRADING STRATEGY FOR 3RD SEPTEMBER 2010
(Based on technical by O P AGARWAL)

Markets close flat on profit taking

The market opened gap up yesterday on strong global cues but witnessed selling pressure at higher levels whereby it came off its high in early trades and moved sideway till noon and failed to show strength in subsequent hours too but managed to close the session in the positive with marginal gain. Market participants remained cautious and preferred to book profit in select front line stocks. The Sensex, after making a high of 18,355 in early trade, ended the day at 18,238 with marginal gain of 32 points whereas the Nifty closed at 5486, well off the day’s high of 5513, recording a gain of 14 points. The prominent gainers yesterday were the stocks belonging to the Consumer durables, FMCG, bank and auto components. The market trend remains uncertain and therefore, readers are advised to trade with caution and keep stock specific approach.

NIFTY FUTURE (Last close 5489.85)
The counter opened with modest gap up yesterday on strong global cues and remained range bound throughout the session except profit booking at times. The counter appears positive on charts but to gain further strength needs to trade and remain above 5500.75 whereby it may move up to 5521/5539. Strong support for the NF exists at 5473.25 which if breached decisively with volumes then NF may slide to 5454/5439.

READERS ARE WELCOME TO JOIN FOR EXCLUSIVE INTRA DAY TIPS/CALLS
FOR NIFTY AND F & O STOCKS AT A NOMINAL WEEKLY CHARGE OF 5000/-
OUR REGULAR SERVICE IS ALSO OPEN ON A MONTHLY FEE OF 8000/-
THOSE INTERESTED MAY CALL AT MOBILE NO. 09825029446 TO REGISTER.

DCHL FUTURE (Last close 128.80)
The stock after consolidating during the past three sessions closed yesterday above its weekly buy signal albeit with low volumes. The stock appears positive on charts and may move further up to 132/136 once it trades and remains above 129.25. Strong support for the stock exists at 127.25.

IDFC FUTURE (Last close 182.40)
The stock after steadily rising from its low at 178 early this week closed yesterday above its weekly buy signal with good volumes. The stock appears positive on charts ad may move up to 185/188 once it trades and remains above 183.25. Strong support for the stock exists at 180.25.

DEAR READERS,
PLEASE WATCH THE MARKET TREND AND USE YOUR
OWN DISCRETION BEFORE TAKING A TRADE.
Protect profits with trailing stops and cut losses fast.
Avoid adding contracts in loss making trades
Visit www.bazaarbhavishya.com regularly
Email: opagarwal805@gmail.com
Mobile: 09825029446

Disclosures: At the time of writing this article, author, his clients & dependent family members may have positions in the stocks mentioned above. The author, his firm, his clients or any of his dependent family members may make purchases or sale of the securities mentioned in website. Author may have positions in above stocks so have vested interest obviously in their going up or down as the case may be.
Disclaimer : Investing in any equity is risky. Our recommendations are based on reliable & authenticated sources believed to be true & correct, and also is technical analysis based on & conceived from charts. Investors should take their own decisions. We assume no responsibility for any transactions undertaken by them. The author won’t be liable or responsible for any legal or financial losses made by anybody.

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Buy HSIL SL 132 TG-Rs 148-152

Buy Nilkamal SL 320 TG- 335-338

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Nifty Getting Bogged Down at 5505 … ?

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Crude prices rebounded on Wednesday after two straight days of decline and rose more than 2 percent, on getting strong manufacturing data from US and China, reviving risk appetite, also the dollar weakened against a basket of other currencies. Though the US Energy Information Administration (EIA) data showed crude oil stockpiles rose 3.43 million barrels last week, more than expected, but the US manufacturing sector grew faster than expected in August and relieved the concern about tepid oil demand.

Meanwhile in a survey, it was shown that OPEC crude oil supply fell in August to the lowest since November 2009 as reduced supplies from Nigeria, the United Arab Emirates and Iraq offset increased output in Angola.

Benchmark crude for October delivery rose $1.99, or 2.77 percent, to settle at $73.91, after trading in a range of $71.67 to $74.48 on the New York Mercantile Exchange. In London Brent crude for October rose $1.93 to $73.85 on the ICE.

MCX Commodity daily reviews about Precious metals at http://www.mcx-commodity-tips.blogspot.com/

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Bank nifty future made the strong come back from the lower levels &amp now looking strong for some more upmoves. In the upside it might moves towards the level of 11100 to 11110 which is the short term resistance zone for bank nifty future. decisive closing above this resistance zone may lead the bank nifty future for the level of 11500 in short term.

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