commodity updates

GOLDM(mar 5 contract) - turning flat to positive, outlook is positive above 28300 with stops below 28000.

SILVER--  positive. stop for all long positions in silverm(feb) is 55900.  

COPPER- trend-sideways. it is moving between 410 to 427. breaking of either level will give a direction. so stop for long is 410(feb), and for shorts it is 428.

NICKEL(feb)- trend is bullish. it staged a solid rally and went upto 1079. now be cautious or protect your longs with tight stops below 1054. 

ZINCMINI(feb)-    tren - flat to negative. very choppy movement. so wait. 

CRUDE OIL- trend negative. stop for short positions 5045.

LEADMINI(feb)- trend bullish. stop for long positions 109.9

strategy for today

market trend - bullish. overall trend is bullish but yesterday the news on GREECE pulled the europe markets down. at the time of writing US markets are also trading down but have recovered from the opening  lows.  
 fiis are net sellers to the extent of around 200 crores. so be cautious. 
major results- aban, central bank,finantech, icici, idbi,pnb, ptc, siemens,titan and tvs.


no fresh positional calls for the day. 

commodity updates

GOLDM(feb 4 contract) - turning flat to positive, outlook is positive above 28050 with stops at 27550
 
SILVER--  positive. stop for all long positions in silverm(feb) is 54900.  

COPPER- trend-sideways. it is moving between 410 to 427. breaking of either level will give a direction. so stop for long is 410(feb), and for shorts it is 428.

NICKEL- trend is bullish. it staged a solid rally and went upto 1071.4. now be cautious or protect your longs with tight stops below 1059.   stop loss for all long positions is below1049.

ZINCMINI-   it showed two days of losses. so trend turned to sideways from positive. so wait.


CRUDE OIL- trend negative. stop for short positions 5045.

LEADMINI- trend bullish. stop for long positions 107.

equity updates

market trend - bullish.
major results- balramchini, indian bank and obc.

positional trading calls--
1) neyveli lignite-  buy above 89.10 sl 83.90  t1-94.5 t2-96.5
2) ster-                buy above 122.1  sl 114.90   t1-130  t2- 133.
3) tatasteel-         buy above  463 sl 445   t1-483 t2-491

todays strategy

Equity markets

market trend- bullish.  fii s are in a buying mode and they are net buyers to the tune of around 1100crores. so upward trend is intact. as i write this US markets are slightly coming down. pls check it in the morning.
major results- bankindia, canbank, bhel, ntpc and petronet.

positional calls-
1) PATEL ENG-  buy above 105. sl 99.5. t1- 111 t2-114.
2) RANBAXY-    buy above 480 sl 465 t1-496  t2- 505
3) SAIL-              buy above 99.2 sl 94.5 t1- 104.5  t2- 107.5

COMMODITY UPDATES

GOLD-outlook for gold is flat now(earlier negative).

for all other commodities refer my earlier post. it is same. 

commodity updates

GOLD- turning weak, outlook is negative as far as it trades below  27650(goldm feb). so stop for all short positions is above 27650.

SILVER-- flat to positive. stop for all long positions in silverm(feb) is 52900. now after the recent rally it is moving in sideways.

COPPER- trend-sideways. it is moving between 410 to 427. breaking of either level will give a direction. so stop for long is 410(feb), and for shorts it is 428.

NICKEL- trend is bullish. stop loss for all long positions 1009.

ZINCMINI- trend is bullish.  stop for all long positions 101.

CRUDE OIL- trend negative. stop for short positions 5045.

LEADMINI- trend bullish. stop for long positions 107.

todays strategy

yesterday fii s have bought around 800 crores in cash. US markets slightly negative now at midnight at the time of writing. but not any big bearish signal. so we continue to be bullish for today. major results today-bob, rec, sesagoa,union bank and vijaya bank.

coming to picks for the day--
positional/swing trading ideas--

1) DCB-  buy above 43.5   sl 40.3  targets 43.9  46.40
2) VOLTAS-  buy above 96.5  sl 89.5  t1-103.5   t2-105.5
3) IFCI-  buy above 27.30  sl  25.8  t1-28.8   t2- 29.8

For investments one can buy the banks such as dena, uco, central and look at l&t and ptc too.

stock markets- turning bullish

after a year long bear run, the selling pressure is not there in the market. fii s are in a buying mode, today rbi cut crr. so investments can be done now. some of the picks are central bank, uco bank, ptc and lt.