Market view for 12th Aug

Yes we can see a price reversal in some of the base metals now however volume and open interest are still not supporting strongly. Trade accordingly.

crude behavior is still same. Highly volatile. After making day's high yesterday it made a new day low. Looks somewhat on negative side.

Gold & Silver are also showing the same behavior. No change at all.

Same is the case with Natural Gas. Weak but volatile.

Market view for 11th August

After yesterday's sessions some sort of weakness is witnessed in all the base metals except Nickel. It could be a possible reversal but not confirmed yet. One thing is sure that sentiments are changing, more sellers are coming and buyers are exiting & booking profits. Confirmation of reversal is yet to come.

Crude also shows some sort of change in behavior. Still highly volatile & non directional so better avoid.

Gold & Silver also displayed some selling pressure on higher levels & are not able to sustain there. Yesterday huge profit booking is seen in both the counters. Some more correction can be seen in them but overall they are still good for longs.

Natural Gas is still weak but non trending & volatile.

Market view for 10th August

Base metals have shown some correction & again went up swiftly. As I said they are in a very strong uptrend so any correction in them can be used to enter longs with strict SL. We had initiated shorts and booked some profits but later trailing SL got hit as there was a sharp bounce.

Crude has been extremely volatile in last few sessions. Its behaving like a wild cat which cant be controlled. As I said that 3327 was support and 3482 was resistance, so far it has managed to obey that range but was highly volatile. Trend is still up & dips can be used to buy.

Gold & Silver still looks strong. As mentioned quite early Silver is going great & already given more than 1000 points from the entry point. Gold is also following it & getting stronger. The day Gold will close above 15025 will make it even more stronger for new highs...Keep an eye

Natural Gas is another counter which is not getting stable from last 2-3 months. It has been giving both side movements & a proper up or downtrend is not getting established. When it goes up it goes up like a rocket and when it falls down it falls like a knife. Mostly on its inventory days it shows such movements. Right now it is on a little weaker side but a very nice support is yet to be broken before any major downfall can be seen. I expect a nice bounce from that support.

Market view for 6th Aug

Base metals as mentioned are making new highs everyday and killing bears badly. I am sure most of the small investors who have initiated shorts when metals started rising must have booked huge losses by now & some may be about to book. The interesting part in this rally is that open interest is not getting increased which means that new positions are not building up so it can be a fake rally and profit booking can take place anytime. Ideally any rise or fall should be accompanied by an increase in the open interest which is not the case here. Another interesting factor is that in $ Copper is almost reached the level from where the real fall has started in September 2008 so that level will act as a stiff resistance. Again I am not saying that you short here because trend is still up but the chances & probability is that Copper wont cross 301.65 and should fall from here. Also some more metals like Zinc is also at a decent resistance of 91.65 on weekly charts. Lets see what we have in bucket hereafter.

Crude as mentioned has taken a beautiful support at 3327 and bounced back sharply for 3415. It is still up...

Gold & Silver are also up and can be bought on dips.

Natural Gas is looking somewhat positive so we made some money intraday in it by going long at 188.70 for target of 197 intraday. Met 3rd target of 195 and settled down at 2nd target. It is somewhat positive but the real strength will be on a close above 200. Keep an eye...

Market view for 5th Aug

Base metals are still going strong. Although all of them are in the overbought zone but so far there is no sign of reversal. Also the very important part is trend is getting stronger so until trend gets change we should remain long. All efforts to pick up the top would go in vain. So be with the trend and enjoy !!!!

Crude still looks good and is in positive zone. 3327 is the support and 3482 is the range to move.

As mentioned yesterday Silver was looking very strong so we traded a positional long call in Silver and 3 targets met intraday only. Gold itself was not so strong but was pulled up by Silver. Now after yesterday's rise Gold also looks good for longs. Exact levels only for clients.

Natural Gas is still non trending and below lots of resistances. Now it has made a nice support in 184-186 zone so any further weakness will come only below it. Short term looks good to buy near support but until it closes above 200 the real strength wont come. Lets see when it happens.

Market view for 4th Aug

As mentioned base metals are going very strong. Everyday they are making new highs. Any dip in them can be used to go long.

Crude is also looking positive. 3491 seems to be next target in it.

Gold is not showing as good strength as Silver. There is an important level and a close above that would make GOLD strong for longs. Silver looks good for longs..

Natural Gas inspite of being negative has risen with a strong momemtum and volume. Trend is still not clear so we would avoid until it breaks out clearly.

Market View for 3rd August

Base metals still looks good & all of them are in super uptrend. They are buy on dips items.

Crude also looks good for longs and can be bought on dips.

Gold & Silver would remain volatile so trade accordingly.

Natural Gas looks negative and can be a short on rise.

Market view for 31st July

Yesterday base metals have shown a decent recovery. The volatile move was expected but it was for both the sides however we have seen it only for upside. It tells that they are still in a decent uptrend and weakness is not visible soon. Every dip should be used to buy until some long term supports are broken. Let the expiry day go by and we will start fresh positions from tomorrow.

Crude was also weak however it has bounced back unexpectedly and has ditched up all the bears. Only short term intraday positions can be taken based on intraday signals.

Gold & Silver have shown some sort of recovery after huge profit booking day before yesterday. I would still like to short them at resistances.

Natural Gas also bounced back unexpectedly inspite of being in a decent downtrend. It was weak till inventory and a sudden spurt was seen after inventory and it was consistent till the end. The long term momemtum is still down but short term its up. So better to avoid it till both matches.

Market View for 30th July

We have seen more some correction yesterday in base metals. Book partial profits as well. We can see some more downside from here. Being the expiry tomorrow we can see some volatility today and tomorrow.

Crude Oil as expected fell badly and even it broke the important support of 3115. We have booked profits in Crude as well. It is still weak and we can see more downfall. Exact levels only for clients.

We have booked profits in Gold & Silver as well and we have entered shorted on the very first sign. Some important levels are on the way so we need to see if they take support there or will break them this time.

Natural Gas as expected fell and met all targets intraday. This is power of picking up commodity at the start of a new trend. Its still weak for more downside. Exact levels only for clients...

What I believe in is - Trade less but trade good. There is no need to do 10-15 trades a day or trade everyday but when you trade you should make money. What matters is quality and not quantity. We are here to earn ourselves and we are not here to make our brokers rich..so join us and be on the right side of the market...Always !!!!

Market view for 29th July

As I said that its time to stay cautious in base metals because all of them were in overbought zone and a correction was due. We have seen some sign of correction/profit booking yesterday in all the counters. We can still see more downside now. Also expiry is coming near so we may see some volatile moves so trade cautiously.

Crude also can show some more short term selling. We may see it coming down to 3115 levels.

Gold & Silver also in short term sell more. Yesterday informed clients on the very first sign and intraday got decent profits in both the counters.

Natural Gas seems to have entered a new downtrend. More fall to be witnessed.

Market view for 27th July

Base metals still looks good. Copper is taking stiff resistance in 270 zone & Aluminium is doing wonders as expected. Rest 3 have also joined the rally but I would say its time to stay cautious and not to be trapped. We have already taken maximum profits from them by entering timely into them. Trade accordindly.

Crude is still looking nice to go long and can be bought on dips.

In Gold & Silver also we have booked nice profits by catching the trend in early stage. Although they still looks good and can be bought on dips.

Natural Gas will continue to be volatile and will be range bound (levels only for clients). Only above or below those levels it will start a new trend..Keep a check !!!!

Market View for 24th July

Base metals stil looks strong and Copper & Aluminium are still rocking. Aluminium has made a new high yesterday. Zinc also inching up slowly & catching the pace...Buy on dips..

Crude has achieved my target of 3257 given to the clients yesterday. Sometime back also I have written here that above 3194 it will head for 3268 however the actual target was 3257 which is met yesterday.

Gold & Silver both have met my both targets. Gold almost touched 15000 (high made 14993) and Silver 22520. Some profit book took place after that which have dragged them down. Momemtum is still for upside..

Natural Gas as mentioned could not breach my level of 199.2 and fell down badly..See the power of technical levels. It can be good for longs only above this...but what is the downside level to initiate longs and what should be the SL to reverse your positions? levels only for clients..

Market View for 23rd July

Base metals specially Copper was so strong that it didnt correct much & went up like a rocket & pulled mostly all others along with it. I have informed my client well in advance that its heading for 270.80 the moment it broke 249 on closing basis. Yesterday it could not break that level and fell few points. Above 270.80 what level it can show..ask me...Apart from Copper Aluminium was strong & is still very strong. Zinc is also showing a decent strength & can break its previous highs soon. Lead & Nickel are yet to join the party...Exact levels only for clients..

Crude is also non trending so yesterday we picked up short at 3152 levels for targets of 3130/3100 and it went down till 3112 and shot up. Now how to trade it further is another good question...The most difficult thing in trading is to handle a non trading stock or commoditiy. Crude is one of them now.

Gold & Silver as expected has shown decent rise yesterday & we booked partial profits in Gold at 14920 (actual target was 14940) & Silver at 22300 (actual target was 22430 which is completed today). Still more to come..

Natural Gas is again non trending but it has broken a nice resistance of 192 yesterday and went up with nice volume. We might see some more upside till 199.2

Market View for 22nd July

Base metals are still prone to show some sort of correction. Yesterday also all of them struggled to made new highs and were unable to do so. We should see similar behaviour today as well before they can shoot up.

Crude still looks good to buy on dips for target of 3268. What level to buy & what should be SL??? Only for clients...

Gold is still in strong uptrend & can show us some more gains..Silver to follow Gold.

Natural Gas is non trending and can show some volatile moves before a decent trend gets developed. I would suggest sell on rise and buy on dips but with strict SL. Levels only for clients..

Base metals still looks positive however some of them have entered overbot zone and might show some small correction but overall they are positive. Yesterday Copper has made its new recent high & others are trying to break those recent highs. Lets see if they can!!!

Crude is almost reached its next level of resistance on an upside. 3194 is the resistance for it. Above this it can show you 3268.

Gold & Silver as expected gave handsome returns on the long side. Both still looks good and can give more returns from here as well. As I had mentioned yesterday Gold was strong buy above 14823 for a target of 14940/15k and it has almost touched 1st target. Silver was also a good buy above 22100 & it also gave nice 300 points gain intraday...More to come...

Natural Gas as expected showed a nice volatile session. In the 1st half it was up and then fell badly till lower circuit and then gave a sharp bounced of 7-8 points..What should be the next strategy???? Go long or initiate shorts???

Market view for 20th July

Base metals are looking positive as the king of metals Copper is dragging others up. As mentioned Copper and ALuminium are looking very strong so they have risen well and other metals like Lead and Zinc followed them like a baby. The equation still seems to be the same. After a minor correction we are still going to see an upside.

Crude also seems to be good to go longs on dips. 3030-3065 range seems to be a decent support for it.

Gold & Silver are still looking positive and we can see some more rise in them. Gold above what level will zoom for 14940-15000 ask me...

Natural Gas has broken hearts of many shorters and they are trapped badly in their short positions. I have been shouting like anything to go long from 159-160 levels for a sharp bounce from there...Today is its expiry so we might see a volatile session.

See how I predicted the target of 159-160 in Natural Gas

If you check my older posts you will see that I had clearly mentioned that there was a nice support at 189 zone and below that 185.3 and 178 were clearly seen. But it was just for blog viewers. For clients the moment 189 was breached I had clearly mentioned the target of 159-160 range and expected a sharp bounce from there & same thing has happened. Attached is the chart for your review....Its called Head & Shoulders in technical analysis terms...

Market View for 17th July

Last few days were pretty hectic so I didnt get time to update the blog..here is today's view -

Base metals especially Copper and Aluminium looks good to buy. Nickel also seems to be ok but Lead & Zinc still doesnt have much strength. Trade accordingly.

Crude Oil there is no trend but the recovery was fast. Initially it took a very strong resistance at 3016 level as mentioned earlier and once its broken convincingly its trading above it ever since. 3128 seems to be the next hurdle for it.

Gold looks good for longs however silver still doesnt have enough strength and will be strong above a specific level. What is that level????

Wow what a lovely way Natural Gas has behaved. It has performed exactly the way I predicted. First predicted a clean short below 189.1 for a target of 30 points for 159 and then told clients that a sharp V shape recovery will be seen from those levels. You all can see how beautifully it has taken support at 159 so many times and bounced back from there...What next???

Market View for 13th July

No change in base metals view. Please refer view for 10th July.

Crude Oil is still weak however a technical bounce can be seen till 2993-3016 levels and it should again fall from there.

Same view is maintained in Gold & Silver. No change at all.

Natural Gas as mentioned earlier is heading for 159-160. Although the trend is still down but we might see some recovery from these levels. Keep an eye..

Market View for 10th July

Base metals appears to lose momentum for upside and are ready to fall down. However some important support levels are still intact. Nickel seems weakest...The moment those levels will be broken they will fall badly. Watch out for those levels....

Crude as I said has entered a new downtrend and is going to fall more.

Gold & Silver are still weak and going weaker day by day. Especially Gold has consolidated for quite sometime and is ready for a breakout, most probably on the downside...keep an eye..Silver to follow...

Natural Gas is still weak and is falling badly from everyday high. Its not sustaining on top levels. Looks like its going to complete my target of 160 in coming days :)

Market View for 9th July

Whatever happened yesterday and day before yesterday in base metals refers to a beginning of a new downtrend. Day before yesterday they rose but fell down and closed almost at days low and yesterday that selling continued and it has dragged all of them down further. As I said on 7th July that short positions are building up you can see their effect clearly now. Now what should be the next strategy, where to short and where should be the SL is a big question...levels only for clients ...

Crude is consistently exceeding my expectations. My last target of 3046 was also met yesterday and it even fell down further. Looks like a new downtrend has started in it...more to come...keep checking..

Gold & Silver has given their technical bounces as expected and now ready for a new downside...Hope to see some more correction in them. Gold below 14380 can show some significant fall and same way Silver below 21480.

Natural Gas is consistently falling from last few days. It has almost reached my target of 160 given to the clients when it breached 189 levels. Now a technical bounce is expected in this counter as well. Today is its inventory and we may see some spikes for sure. It may either touch 159-160 and then bounce sharply from there or it should bounce from these levels only. Till what level it should bounce?????

Market View for 7th July

All the base metals are on the verge of some new happening. May be good may be bad. Yesterday most of them fell due to the weakness but they smartly bounced back from their good support levels. However there is no change in sentiment. Still short positions are building up. Lets see which side move we see in coming days. My call is to avoid them for the time being.

Crude also has taken nice support at 3092 levels and still holding it well. What next???? Fall or rise? Do you think its over or just started??? Big question....check it out...

In Gold & Silver as mentioned yesterday we have seen a nice technical bounce. Those who went long in Gold with SL 14380 and in Silver below 21480 must have made decent money intraday.

Natural Gas is still weak and might be heading for my last target of 159-160. Yesterday 166.1 has already been achieved.

Market View for 6th July

Base metals are still non trending so I would advise to wait until trend become clearer. Although the direction seems to be on a little -ve side but still I would not initiate any trade. Yes only risky trades with strict SLs can be picked.

Crude is still falling ever since it was unable to breach 3510. It has given almost 350 points so far..The next very recent support is 3135-3141 and after that it may lead for 3092-3046. The last support for bulls is ?????

Gold and Silver are still weak but a technical bounce can be seen any moment. They are still sell on rise items.

Natural Gas is still weak & is prone for more fall. My final target has already been communiated to the clients long time back when it has broken its support of 189 range. We have already reached 60% of the target and 40% is yet to get..Lets see when it comes...

Silver Technical View

The same way Silver has broken its long term trendline and price is closed below it. It might be an expiry affect but technically it looks very weak and is prone to more fall in coming days.

Have a look at the chart....

Gold Technical View

Hello Viewers, As mentioned in my posts Gold has taken a very nice support at its trendline which is 14385-90 range. Attached is the chart for the same for your review. Once it will break this range its prone to fall to 14115-14145 range.

Market View for 3rd July

As mentioned Lead and Nickel were strong yesterday whereas other base metals could not match them. They are still non trending and yet to find a proper directional move. Yesterday short positions are built up in every base metal except Nickel. Infact huge number of long positions were built in Nickel but its also approaching its resistance area. Lets see if it wud be able to sustain and break that. Overall a confusing state so better avoid trading or trade with strict SL. Trade in those where trend is clear like Crude, Silver, Gas as you all know by now that I am a trend player and pick big positional calls..... :)

Crude is still falling as I said. This is how we book profits at the top. Hope you remember we have booked profits at 3480-3500 levels. Now it has broken its long term trendline on daily charts and is prone for more fall. Ask for support and resistance....

Wow...Gold consecutively taken a decent support 3rd day on its trendline so you can imagine once it will be broken it should give 150-250 points easily. I will post the chart for more clear picture.Silver as expected fell more and it broke and close below its super support of 21490. Do you guys think its heading for 20000????? Let me know :)

Natural Gas as mentioned is making new lows everyday. I had warned everyone that once it will break 189-190 zone it will become very weak and the same thing is happening here. Although its still weak but what level will act as a nice support?????

Market View for 2nd July

All base metals are although non trending however still trading with positive bias. Most of them are trading with high volatility. Among all Lead and Nickel seems to be better than all others to go long.

Crude is losing its momentum and as I said its due for correction, it fell yesterday. What is the next support from where it should bounce? check it out!!!

As I said Gold & Silver are weak however Gold has taken support on its trendline and any more weakness wud be below that. Silver is still weak & heading for 21490 which is a nice support. A close below it wud not be good for bulls.

Natural Gas is still weak & can show some more fall but upto what level? Check it out...

Market View for 1st July

As expected base metals have shown huge volatility. In initial session they were trading flat to little up & in evening session they fell like a knife. June is over now we got to look out for July. I am yet to analyze the July month data. Will post this during daytime today.

Wow...Crude behaved exactly how I predicted. 3500-3508 was resistance zone thats why I had mentioned that Crude should touch 3500 and more strongness will come only above 3510 and see how it fell after making a high of 3503 in the early session. Ever since its falling..So far its in uptrend but some more correction is due...Till what level????? Levels only for clients.

Gold & Silver both have shown a decent downside yesterday. A much awaited single day fall. Gold has taken support beautifully on its lower trendline and more fall will come only if it breaches that trendline successfully. Silver seems to be more weak & trending compare to Gold. Consider 21490 as the last support before bears will take over bulls. The same level for Gold is 14102.

Natural Gas also behaved the same way. It was entering negative zone and as predicted once it has broken 189 zone it fell down to 184.7 and my support area was 185.3It is still weak and can show some more downfall..What is the next support, from where it can bounce..What else can prevent from more fall...check it out !!!!

Market View for 30th June

Today is Base metals expiry so we might see volatility due to settlement so please avoid trading today in metals. Will see tomorrow how to move forward in them.

Crude still looks good for targets of 3475/3500 and above 3510 it will become more stronger.

Gold and Silver are consolidating for quite sometime and a clear directional movement is yet to come. Till then just sell on rise and buy back at support.

Natural Gas trend is also not clear however sentiment looks negative. 189-190 is a nice support and below that we can see 185.5-186.2 and on the upside 198-199 range is acting as resistance and above 200 it should fly..

Gold chart Head & Shoulders in $

Hi All,

On one of the viewers request I am hereby attaching the chart of Gold in $ in which H&S pattern is clearly visible. See the neckline breach which is marked in yellow colour. After breaching the neckline how it went up to kiss the neckline again and fell badly till $911.

Market View for 26th June

Yesterday again we have seen a decent buying seen in all base metals which indicates that some more upside is on the cards. Although volume is increasing but open interest is being split within this month and next month due to expiry approaching. That might be the reason why we dont see the OI bumping up for this month. As mentioned yesterday Lead data was strong so it rose well, also suggested buy position in Zinc above 75.85 for 2 Rs gain which we got intraday. Also suggested Aluminium to go long above 79.8 for targets of 82/84. Copper inspite of the rise advised clients to do a short at 249 levels and which gave 2-3 points intraday.

As mentioned Crude also has taken stiff resistance at 3392 entire day and fell down 25-30 rs a couple of times and finally broke out above this level. Given long call for 3440/3480. Closed almost at days high.

Although Silver is not supporting but Gold is almost at its resistance of $943. Above $945 we can see some good upside for $12-16. In INR as long as Gold is trading above 14521 its good for longs. Head & Shoulder pattern has given $32 as profits but could not gave entire $43 as profits. Silver is yet to show some strength. The real strength is above 22800-22900 zone.

Yesterday some buying emerged in Natural Gas on lower levels which has pulled it up. However the overall momentum is still down and strength is not there. Also trend is not clear so it would trade volatile.

Market View on 25th June

This is where all technicals fail when something rises or falls without any reason. Till yesterday there was no strength at all in any of these base metals data and even today after such an unexpected rise the strength in terms of volume along with open interest is still not there in any of these except Lead. Honestly I have no clue why base metals have risen yesterday. I myself dont see any reason to this. Copper had breached its long term TL so beautifully that any technical analyst would be surprised to see it bouncing right from that point.

Crude as expected has taken stiff resistance between 3366-3392 region and fell down 50+ points after that. It is weak as long as its trading below this range.

The same incident has happened in Gold. Gold has shown a beautiful Head & Shoulders pattern on daily charts in US $ which went active on the breach of $943 for targets of $896. It has fallen till $911 but has shown a sudden spurt yesterday and went up till $941.25 and still managed to close and still trading below $943. The speed with which Gold has spurted up, it came down with almost same speed. One can keep an eye on the close above $945 as SL in Gold shorts. Above a close $945 we can expect a target of $956/$966. Silver didnt manage to match the speed of rise in Gold and still looks weak. It will be strong only on a close above 22900.

Natural Gas also behaved well on expectation. The moment it breached 193.6 it fell down till 189.6 and again kissed 193.6 and fell down till 189.1. My support was 188. Now it has entered weak zone and 188/185.3 is next on cards.

Market View for 24th June

Base metals have seen some recovery however they are still weak and should fall again. But what should be the final level to hold your shorts and what should be the SL???? Exact levels and SL only for clients.

Crude is still weak and should fall again. My 3rd target of 3232 is missed by few points. Now 3366-3392 will act as a resistance wall before it can move up. It should retest the yesterday's low again if it holds these levels.

Gold & Silver are still weak. Yesterday advised clients to book 100 Rs profit in Gold & Silver also almost touched the 1st target of 22050. If US $ is going to support we should see some more fall in these counters.

Natural Gas has taken a decent support at 194 levels (the trendline) yesterday and bounced back 2-3 Rs from there. Now as long as yesterday's low is intact we are in upside otherwise it will be beaten down to 186/178. Keep an eye.........

Technical View on Natural Gas

You can clearly see that Natural Gas has a decent support around 194 levels. If it closes below 194 then it should invite bears to rule it and they will drive it for 186/178.

Market View for 23rd June

As expected base metals crashed yesterday but weakness was seen in the entire pack. Copper was leading the fall and it has breached its long term trendline intraday only so advised clients to go short for targets of 223/217. More fall to come in all of them. Momentum is shifting from +ve to -ve and Copper & Zinc looks weakest.

Crude also gone weak and fell badly below 3360 so advised clients to go short below 3360 for the targets of 3320/3280/3240. 2 targets met intraday and 3rd and more is yet to come. We should see 3232 and 3180 soon.

Gold & Silver are also witnessing weakness. We are short in Gold since 14540 levels (when it was trading at $934) for targets of $896. Yesterday it has broken its another important support of $924 so more fall should be seen today in it. It should head for 14391/14234. Silver also has broken its very important support of 22400 so it should follow Gold blindly. 22050 and 21700 coming...

Natural Gas momentum is also changing and it should take support in 194-195 range. Below this it will head for 186/178.

Market View for 22nd June

Base metals are still looking in uptrend although a short term downside is expected. Those dips should be used for long term buying. Most of them are trading above their long term trend line which is acting as a very important support. As long as that long term trendline is intact we can use it for buying.

Crude Oil is also in uptrend but is prone to a correction. 3360 is a nice support. Below that we can see 3318/3232/3180/3141.

Gold & Silver are non trending however Gold is consolidating in a triangle and either side trendline breach will decide the further direction.

Natural Gas has a decent support at 194. Use dips to buy this.

Good News

Hello All,
On Monday 15th June I am blessed with a sweet little baby girl so I am on break for few days. Will be back to the business starting 22nd June.
Thanks
Abhinav

Market View for 12th June

Base metals as mentioned earlier are rocking and daily making new highs. First Aluminium started the rally, then Copper & Lead joined the party and now Nickel and Zinc also came in form. Overall a decent run has seen and so far everything still looks good for more gains.

Gold & Silver are taking extreme support at lower levels & are bouncing back sharply from there. Now Gold can show more weakness only below 14460 & Silver below 23160. We might see some upside from here.

Crude oil is breaking all barriers & yesterday crossed its huge resistance of 3449. Now the doors are opened for further upside of 200-300 rs but remember the overbought condition is still the same so trade with strict SL. If it starts cracking we may see 200-300 points correction as well.

Natural Gas has shown a nice upmove after its inventory. Huge buying positions have seen in this counter which makes it a better choice for long term upmove. Although its still non trending but momentum is getting shifted from downside to upside so we might see some more upside today as well.

Market View for 11th June

No change from yesterday in any of these counters.

Base metals still positive. Buy on dips.

Crude Oil still in positive trend but overbought so prone to a correction. Above 3320 next target was 3400 which it has achieved yesterday. Now 3419-3449 is very major resistance for this. If it has to crack it will take stiff resistance there otherwise above 3450 it will head for 3764. Watch out....

Natural Gas is still weak and ready for more fall. This week resistance is at 185 which is intact and its not able to break that...

Gold & Silver are still weak and prone to more fall. This week important level for Gold is 14731 and Silver 23945. Yesterday both tried to kiss them but could not break them and fell badly which means upside is only possible only after breach of these levels.

Market View for 10th June

In Base metals only Copper & Lead has risen with full strength & rest others just followed them. These 2 counters looks very strong now. Buy on dips. Nickel & Zinc also positive but not as promising as Copper & lead.

Crude still looks overbought & has taken stiff resistance at 3320 yesterday. In international market $71.75 is huge resistance. Keep an eye on this level. A close above this will take it to new highs.

Natural Gas was weak and as expected fallen from its intraday resistance of 182. It is still weak and can be shorted on rise.

Gold & Silver are still under pressure & are prone to fall. More to come...

Market View for 9th June

Base metals mix mood continues. As mentioned earlier that something is cooking in Aluminium thats why it rising consistently. What is its next resistance...ask me?The same way Copper, Lead has similar behavior as neutral and Nickel, Zinc has similar behavior towards bearish...check it out for exact levels for short or long...

Crude is still overbought & can crash badly from here. But at which level to short & what should be the SL? Check it out...

Gold & Silver were neutral to bearish & we have seen some downside selling in these counters. They still remain on bearish side specially Silver. The worrying part is that both of these counters are trading with low volumes as if they are waiting for some event or news to happen. It means they might show some drastic moves either side. So trade with strict SL.

Natural Gas can fall more from here. Looks somewhat bearish side.

Market View for 8th June

Base metals after being highly volatile last week still shows sign of indecision. A mix mood is seen in them. Better to avoid.

Crude has risen much is last few days. Now it seems to be overbought and should take some correction from here. Till what level it should come? Ask me......

Gold & Silver also seems to be on neutral to negative side.

Natural Gas is also non trending & is on a volatile side.

Overall I would advise traders to sit aside & wait for the clear trend to develop. Till then we can only trade based on the good support & resistances.............

Market View for 5th June

Base metals seems to be very volatile. Something was cooking in Aluminium that is why when entire base metal pack was down day before yesterday Aluminium was standing as it is. Yesterday when other metals rose some Aluminium rose handsomely 5+ points. Overall I wud say the picture is still not clear so wait until it becomes clearer.

Gold expiry was done yesterday & as I said day before we have seen huge volatility & Silver was also influenced with this. Yesterday Silver fell from the resistance I had given of 24600 & had taken support at 23655 mentioned clearly.

Crude Oil still looks good & should rise more.

Natural Gas is non trending and will continue to be volatile. Yesterday due to the inventory up is fell badly but we have seen a sharp bounce from its extreme support levels of 169.2 & again given intraday gains of more than 10+ points.

Market View for 3rd June

Yesterday some profit booking was seen in base metals which pulled them down & almost all of them except Nickel and Lead closed around their days low. Although there is no change in the trend but need to see if the same behaviour is seen today as well.

Crude is still positive and consistently moving up. Heading for 3400????? or will it crack from here?

Gold expiry is near so some unexpected moves can be seen. Should be highly volatile. Silver trend is still up & 24600 will act as a stiff resistance. On the other side 23655 is support for this week.

Natural Gas started looking positive and yesterday it has broken it resistance of 197 however could not manage to close above it. A nice trend has started developing and most probably for upside.

Market View for 2nd June

Another wonderful day. As I mentioned that base metals are looking strong and specially Copper, Lead & Nickel so all 3 base metals rose very well with good volumes. The best part is even Aluminium & Zinc have joined the party. Now entire pack looks good and can be bought on dips.

Gold & Silver made new highs yesterday & they might see a little consolidation now. Although both the counters looks bullish but $ is not supporting & consistently getting weaker. If $ will support these counters will have additional strength.

Crude Oil still positive & met my last target/resistance of 3175 yesterday. Since it has closed above 3175 it is even more stronger now. A perfect bull trend is in place.

In Natural Gas short term momentum seems to be up but the long term is still not favoring longs.So far 197 seems to be a huge resistance and below that even 195.8 is a good one. Lets see what unfolds before us. Till the things become clearer we will wait. As always we will pick it at the correct time :)

Stay tuned...keep visiting for regular updates on these commodities & join us to be on the right side of the market...Always !!!!!

Market View for 1st June

Some base metals like Copper, Lead & Nickel are moving into positive zone whereas Aluminium & Zinc are not yet so strong to buy. We can buy Copper, Lead & Nickel with strict SL because the real strength is still yet to come.

Gold & Silver are still bullish and can be bought on dips.

Crude is also bullish & might test 3175 soon.

Natural Gas looks weak & can be shorted on rise. Strength will be only above 197.

Trade summary for 29th May

Base metals expiry was done yesterday so we will start trading in them from Monday depending on the trend.

Crude reverse position against the trend was initiated to short between 3132-3142 for intraday targets of 3100/3070 & low made 3075 after that.

Natural Gas resistance was 192.7 so Natural Gas fresh shorts were made at 192.6 SL 195 for intraday targets till 186 and all target met intraday only. Infact the new day low 181.1 made after my call & closed almost at day's low.

As mentioned earlier that Silver is in uptrend and in Silver we were long since 22960 & yesterday also as I mentioned 23681 was resistance so bought above 23681 for 23840 & 24000. Both the targets met intraday.

Market View for 29th May

Base metals expiry game is on thats why we are seeing both side movements. So avoid trading today being the last day of expiry. Will have the clear picture on coming Monday.

Crude Oil still rocking & is heading for 3145/3176 in coming days.

As mentioned yesterday I clearly said avoid shorts in Natural Gas at these levels, see what has happened. Natural Gas has bounced rose sharply with good volumes. I would say abnormal volumes more than double were seen in this. Next halting stations are 192.7 and 197.

Gold & Silver as mentioned are still positive & trending upside now. See how Silver just dipped 100 points from its previous close and rose sharply to kiss its resistance level of 23681. A close 23681 above can get more strength in it.

Market View for 28th May

See what happened yesterday. Exactly the same as I mentioned that base metals are not very strong from a technical point of view. Just because of the expiry effect huge short covering was seen and due to which they have risen. As I said that out of all base metals Aluminium was the weakest you can see that Aluminium has given full Rs. 3 from its days high and closed almost at its days low. The same thing happened with Nickel which fell 30 Rs. from its days high.

Crude as I said has shown a decent strength yesterday. What next?????

Natural Gas although is in downtrend but some consolidation can be seen before you see the next move. Some buying is seen on these lower levels so avoid shorts on these levels.

Gold & Silver has shown some strength but Silver charts seems more positive than Gold. One can buy on dips in Silver now.

Market View for 27th May

Yesterday some momentum shift was seen in the base metals and it could possibly be the expiry effect. Some counters like Nickel rose unexpectedly high whereas some were bounced from their days low. I would again say that the real strength is still not there so we may see them falling again. Right now the condition is wait & watch.

Crude seems positive now to go long so one can initiate long positions in it.

Gold & Silver no change in sentiment & still non trending.

Natural Gas no change in the mood.

Market View for 26th May

Market view on all the commodities remains the same today as well because US was off yesterday and markets were flat without movement. Nothing got changed.

Crude Technical View

Crude is trading in a rising wedge now so a trading band is getting developed. Buy near its support & sell near its trendline resistance. Break of the lower trendline will invite bears to rule it.

Watch out !!!!

Market View for 25th May

Base metals fell badly last week & recovered some from their extreme supports. Some bounced from their long term trendline & some made double bottom hence taken support at previous support area. However there is no strength in the bounce back & trend is still down. We might see some retracement but overall trend is still down. Although all are weak but Aluminium seems weakest.

Although Gold & Silver has risen but there is no strength, no volume, no increase in Open interest. Moreover trend is not clear so I advised clients not to trade in it until things become clear. Will wait and watch.

Natural Gas as mentioned last week has entered a new downtrend. Even on weekly charts its pretty weak. Any bounce can be used to initiate shorts.

Crude is also losing its strength & a trading range is being developed. So until it regain its strength buy near support & short near resistance.

Market View for 22nd May

See how beautifully base metals crashed as expected. This is the power of trend analysis. Always trade with the trend and be on the right side of the markets. I have clearly mentioned on 19th May that base metals have entered a bear trend and we will only look for short opportunities. All my targets have met in base metals. Ever since we picked up the trend (19th May) see the gains in points in the following commodities and multiply by their lot size -

Aluminium = 4.9
Copper = 12
Lead = 8
Nickel = 37
Zinc = 7
They are still weak & more to come. Exact support & resistance levels are only for clients.

Crude still looks positive and we can go long with strict SL. Levels to be followed with discipline. Yesterday inspite of huge selling my SL was sustained & it bounced back sharply to the upside.

Gold & Silver are non trending and so far I dont see any reason to buy them so better to avoid trading in them until they close above the specific levels. So wait until trend becomes more clearer. So far Gold taking my 2nd resistance of 14546 & Silver 22535 & closed below them.

Natural Gas as mentioned yesterday fell badly and closed almost at days low. I have mentioned clearly that it has entered a new downtrend and it followed my words :) More to come...Stay tuned..............

Contact me for such powerful trend analysis & to make the most out of the commodities market !!!!

Market View for 21st May

Base metals as mentioned very clearly on 19th May are falling since then. They are still in downtrend and can be shorted on rise.

Crude seems to be positive & long positions can be build into it. Exact entry and exit levels are for clients.

Gold & Silver are still weak & should fall more. Gold upside resistance is limited to 14400/14546 & Silver resistance 22535/22716.

Natural Gas seems to have entered a new downtrend and can be shorted on rise. Remain short below a specific level and above that go long.

Market View for 19th May

As we were waiting for any trend to develop in base metals and finally after yesterday's selling now I can say that base metals have entered into a weak zone & looks like a bear trend has started. Now we would look for short opportunities.

Gold & Silver also also witnessed the same selling due to rupee getting stronger as mentioned yesterday. Although the downtrend is not confirmed but some indicators shows heavy weakness.

In Natural Gas also shorts were build and its losing momentum as of now. Although it will take some time to form a new trend.

Only Crude is the one counter in which we didnt see any selling and it has bounced back from its day low but strength will come only above 2890 levels.

Important Support & Resistances for this week

ALUMINIUM 74.4
COPPER 224.3
CRUDEOIL 2890
GOLD 14723
LEAD 72.2
NATURALGAS 211
NICKEL 627
SILVER 22699
ZINC 73.7

Market View for 18th May

As I said earlier that not all base metals are weak. Some are still strong. Although all base metals fell but the weakest fell the most & the strongest didnt fell much. Amongst all Lead & Nickel are strongest. The trend is still not clear so we will trade in them. We will buy near support & sell near resistances. Exact levels to buy or short are only for clients.

Crude oil after giving a nice dream run is suffering from some selling pressure & also the expiry forced some selling in it. Although its not weak but a trading range is getting developed. Will trade accordingly. Watch out for 2890 levels this week as an important resistance as long as Crude is trade below it.

Natural Gas also after running a lot is consolidating in a trading range now. We have already taken the best advantage of the trend. So let is consolidate till we see something interesting to pick.

Gold & Silver also has the same story. Although both brokeout last week but Silver seems a little weaker than Gold. Moreover a strengthening rupee is also a concern which might pull them down. Stay cautious in your long positions & trade with strict SL.

Market View for 15th May

Base metals started melting from day before yesterday but they were non trending so advised clients not to buy any fresh positions in them. Yesterday gave them so nice support levels of base metals and all base metals bounced back sharply from those levels.

In Crude Oil first we picked up the breakout from the bottom above 2585 levels. I had written clearly on 29th April market view that until Crude closes above 2585 levels it is not strong. Day before yesterday we shorted Crude on top around 2955 levels & that was almost the top & it fell 130 Rs from there. We have Crude expiry today so stay cautious.

In Natural Gas also we traded both sides. First long from 197 till 226 and then short from 226 till 212. It fell even more.

Gold & Silver also big breakout above my levels. Now Gold seems a little more stronger than Silver. In Silver huge short positions are building up so at these levels stay cautious in longs.

For paid clients exact levels are given well in advance with proper trend guidance. Check in to know more......

What a wonderful day today!!!

Natural Gas hit my final target of 226 & there I have asked to initiate shorts at 226.5 SL 229.5 TGT 222/218/212 => 2 targets met & then trailing SL hit. Booked full profits in longs already.

Gold & Silver as expected broke out badly...Made huge money in them...Were long in Gold above 14600 & in silver above 22855 for targets of 14800 in gold and 23680 in silver...watch out...

Crude intraday shorts initiated at the top below 2955 SL 2977 TGT 2930/2900/2875 => 1st target met & then trailing SL at cost hit

Base metals are melting today so asked clients to avoid any fresh long positions...waiting for the trend to be clear...

More to come...stay tuned for such wonderful calls...

Cheers

MCXPERT

Market View for 13th May

Wow...What an excellent day..Gold & Silver much awaited Breakout happened yesterday. I was shouting since long that a breakout is on the cards & it happened yesterday. Now get ready for some decent gains in coming days...

Natural Gas has made a new high yesterday and my positional buy 3rd target of 218 is also achieved & 4th target is just 5 Rs. away..After that whether to initiate shorts or stay long? Ask me...

Base metals are also awaiting for a nice breakout. A clear picture would be unfolded soon.Out of 5 which one to go long and which one to short...check it out!!!

Crude is still touching new highs and yesterday my final target of 2913 also came. What next????

Stay tuned for more updates....................

Market View for 12th May

No change in anything except Copper looks a little weaker. Please follow the same rules mentioned yesterday.....Hope you are enjoying !!!!

Market View for 11th May

Although the bias is positive I would say the real trend is not there in some of the metals. Out of all Nickel seems to be the best to go long followed by Zinc & Lead. Keep strict SL for all the trades.

Crude Oil as expected has risen a lot in last one week ever since it broke out above 2585. Clients have enjoyed the early entry & booked the profits on time. It is still strong but where to get the next entry????? Ask for it..

There is not significant change in Gold & Silver. Bias is still positive. Buy on dips.

My lovely baby Natural Gas has given huge profits ever since we have picked the bottom. As mentioned very clearly that the real strength will come only above 197 so we are long since 197 levels & booked 2 targets already. It is still strong & buy on dips item. In my opinion heading for 218/226 in coming time...keep an eye..

Important Support & Resistances for week starting 11th May

I hope you all have enjoyed last week's levels. Here are the important support & resistance levels for this week.
ALUMINIUM 75.4
COPPER 234.0
CRUDEOIL 2789
GOLD 14479
LEAD 71.8
NATURALGAS 198.2
NICKEL 629.4
SILVER 22027
ZINC 76.4

Technical View on Silver

Silver has already given a big breakout on the breach of upper trendline. As I said earlier that 21800 (if you see) would be a nice level to enter fresh longs. Keep an eye...more fireworks in coming days...

Technical View on Gold

Gold has been consolidating in a triangle for quite sometime now & is ready to blast most probably on the upside. Bulls are taking control slowly & a close above 14495 will take it to higher levels convincingly. Yesterday it breached intraday but heavy selling was seen after that but as it was strong it bounced back sharply from its weekly support of 14430.

Market View for 8th May

All base metals looks positive. Zinc & Nickel made new highs..But a solid trend is yet to develop..Nickel looks more promising amongst all..

As I said Crude was positive & ready for a blast above 2585 levels & ever since it didnt see back & daily touching new highs. Yesterday made a new high of 2880. My target was 2849 & 2913 which is missed by Rs. 33. Although it is still positive but profit booking cant be ruled out so finding re-entry is a challenging question......

Gold & Silver are still positive and both made new highs yesterdays. Although huge volatility was witnessed in them but both bounced back sharply from their support levels. Gold again has taken a decent support at my weekly level of 14430. More to come in coming days.....

Natural Gas...No doubt this counter is performing excellent from last few days & yesterday also it has broken its important support of 197 and managed to close above it. I feel the bulls are in charge now & should take this counter to upside...Watch out !!!

Market View for 7th May

As mentioned on 5th May base metals bounced back swiftly from their recent low & are all set to make new highs. Buy on dips.

Crude also moving as per the expectations..yesterday my positional buy target of 2800 almost achieved. high made 2795. Now 2849/2913 are on the cards...

Natural Gas is also doing wonders..Remember we have picked Natural Gas from the bottom...So far going good but real buy strength will come only above 197 so keep a close eye.

As I said earlier Gold & Silver trend is being developed & my gut feeling is that it will breakout on the upside. Gold should give minimum 200-400 Rs & Silver 1000-1500. What are the levels...Check it out !!!!

A little background/results on my weekly levels given on 4th May -

ALUMINIUM 72.9 => So far made a low of 73.9 & still moving up
COPPER 227.45 => Has taken decent support at this so far and breached this intraday but didnt close below it & bounced back
sharply from there
CRUDEOIL 2587 => Didnt even dare to touch that becoz of the strong uptrend
GOLD 14430 => Gave nice moves above & below it..You all have witnessed yourself
LEAD 68.55 => Has taken nice support on it & low made 69.25 & ever since its up
NATURALGAS 174.4 => Kissed 174.6 1st day & rest is history. Yesterday high is 192.3NICKEL 574.1 => Again taken decent support at this level & yesterday made a low of 578.3 & shot back up
SILVER 20953 => Ever since it has broken this level it never seen it back.
ZINC 72.3 => This also hasnt broken & from 73.15 its rising & rising

Calls for 5th May

Buy Zinc on fall above 72.50 SL 71.80 TGT 73/73.5/74/74.5 CMP 73.9 => Didnt trigger but all target met

Crude positional buy 2nd target of 2700 also met.....

Market View for 6th May

Nothing got changed except some heavy selling seen in the base metals & huge volatility witnessed in precious metals. All these are moving in trading range and a nice trend is yet to form....Will see some good breakouts in coming days...

Calls for 4th May

Buy Natural Gas above 174.4 SL 171 TGT 177.3/181.8/184.2 => All target met intraday
Buy Crude intraday above 2625 SL 2590 TGT 2670/2700/2730 => 2nd target of 2700 missed. High made 2693. Still trailing at cost.
Short Silver below 20950 SL 21050 TGT 20875/800/700 => 1st target met & then trailing SL at cost hit.

Market View for 5th May

Base metals momentum has turned positive and looks like they are all set to make new highs now. Zinc seems more attractive amongst all.

Crude as expected showed great momentum & still looks good for longs. Yesterday missed my 2nd target of 2700 by 7 rs and made a high of 2693. More to come...

Natural Gas blasted once again..If you remember we are long since 170+ levels. I have placed my support of Natural Gas as 174.4 & it bouced sharply from the same levels & given 10+ rs intraday.

We have seen a sudden spurt in Gold & Silver yesterday. Some good buying was seen in both the counters. A new trend is developing in them so till then wait n watch....Silver seems more attractive for longs as per current charts.

Important Support & Resistances for the week starting 4th May

ALUMINIUM 72.9
COPPER 227.45
CRUDEOIL 2587
GOLD 14430
LEAD 68.55
NATURALGAS 174.4
NICKEL 574.1
SILVER 20953
ZINC 72.3

Market View for 4th May

Base metals are bounced back sharply from their previous breakout ranges. We will see some trading range being developed before we can see the next round of trend. Till then trade as per day levels....

Crude as expected showed great bullishness above 2585 levels & is still in the positive zone..More to come...keep an eye...

Natural Gas also as expected bounced back sharply from the levels given & already given 10+ rs gains from our buy levels...What next?

Gold & Silver fell sharply below the levels given last week. There is still no sign of buying in them so we will look for short oportunities in them...

Calls for 1st May

Got 100 Rs. in Crude long and 8 Rs. in Natural Gas long intraday trades....
As per my message for 29th April we bought -

Buy Crude above 2585 SL 2540 TGT 2620/2660/2695 => 2 target met intraday & 3rd missed by 8 Rs......Now we are trailing with 2600 as SL

Buy Natural Gas above 171.20 SL 168 TGT 174/176.4/179.1 => All target met.....

Market View for 29th April

Base metals showed some more weakness yesterday. Lead & Zinc were already very weak and yesterday Copper & Nickel also participated. I had given hint & asked a simple question on 21st April -
"Now the question arises is it a retracement or correction???? Is it time to build shorts or buy on dips??? Guess !!!!!"
We have picked up this reversal on its initial phase......Remember we have expiry of these base metals tomorrow....

Gold & Silver as mentioned yesterday have witnessed some profit booking..So again the upside is over or its just a simple profit booking???? Keep guessing...

Crude is still weak until it closes above 2585-2610 range.....so short on rise...

Natural Gas has shown some positive sign in yesterday's trading...Although its weak but risky players can enter longs on dips with the SL below 164....

Market View for 28th April

As mentioned yesterday we have seen heavy selling in few metals like Lead, Zinc but Copper & Nickel didnt fall much and Aluminium was neutral. Thats why I said that we have mixed behavior in base metals...

Gold & Silver also risen as per the expectations...Some profit booking is expected today so stay cautious...

Natural Gas also fallen more & made a life time low of 165.5

Crude didnt cross the magic level where bull will come into power and fell badly...its still weak until trades or closes above 2585-2610 range...

Market View for 27th April

First of all I would like to apologize guys as I was not able to update the blog regularly in the last week as I was not getting enough time to update.....Few other very important things kept me busy last week....I am back now...

As mentioned on 21st April regarding base metals whether the fall was retracement or correction? Some more fall after that you all have seen but now as far as trend is concern we have to be scrip specific because not all the base metals are showing the same behaviour. Some are turning into a new downtrend whereas some are expected to bounce back from these levels. Watch out more this week ...

Crude has already given nice returns in last week ever since it has broken its lower TL. We can see some good buying above a specific level this week. Only buy above that...But whats the level...ask for it!!!!

Natural Gas is still extremely weak and we are short ever since it has broken 196 levels. Remain short until it manages to close above 196 with good volumes..Till then sell on rise..

Gold & Silver have shown some good upmove last week. We can still see some more upside. Remain long in Gold as long as its trading above 14430 & Silver above 20740

Market view 21st April

Base metals after running up for quite sometime has shown some decent selling yesterday. Now the question arises is it a retracement or correction???? Is it time to build shorts or buy on dips??? Guess !!!!!

Crude as mentioned earlier had broken the lower trendline last week and was unable to break 2670 which was a huge resistance hence fell badly yesterday. Already given 150+ from the trendline break...What next????

Gold & Silver has seen a nice recovery yesterday. Although the charts doesnt looks very positive so lets see whether this recovery sustains or not...Interesting game ahead..

17th April Calls

Short Crude below 2644 SL 2670 TGT 2615/2590 => TGT1 met intrday and exited there at 2622 before closing

Short Natural Gas between 181.3-182 SL 184.4 TGT 180/178/176/174 => In the morning it opened down so didnt trigger & after making a low of 176.8 it bounced back sharply & SL hit.
After that made a high of 188.4 & closed at 187.8

16th April Calls

Short Crude between 2615-2625 SL 2660 TGT 2590/2555/2540 => TGT1 met & trailing SL hit. Then again shorted at 2640 with same SL & booked at 2611.
Buy Copper above 238 SL 235.5 TGT 239.5/241.5/243 => TGT1 & TGT2 met & then trailing SL hit
Short Zinc at 76.2 SL 77.2 TGT 75.4/74.6/74 => All target met intraday
Short Gold below 14230 SL 14285 TGT 14180/14130 => Both target met intraday.

Market view 17th April

Profit booking is seen in base metals on higher levels. A little sentiment is also changed in some of them. Time to be a little more cautious for bulls & bears both. Is it a retracement or a new trend is forming? Ask me !!!!

Gold & Silver trend is changing now & its heading down...more to come in coming days...

Natural Gas also looks more weak & should fall more.

No change in Crude Oil formation.

Market View for 16th April

All base metals as per the expectation are rocking..As I said stay cautious and buy on dips so its working the same way...In Copper short at 238 the target was 228 and it made a low of 229.4 so missed the final target with 1.4 Rs. and on the upmove we are long above 235.35 once it has broken the 14th April high.

Zinc finally broke out with huge volumes & my positional target of 74 met yesterday. Buy call given above 66 on cup and handle breakout.

Lead & Nickel also continued their bullish behavior.....

Crude seems to have entered a little bearish zone as the lower trendline of the triangle is broken. Exact levels to short with SL are only for clients.

Gold & Silver are still non trending and are in trading range....Will wait for the next trend to develop to have another set of huge gains.....

Market View 14th April

Base metals are still positive but as mentioned stay cautious & keep booking profits on important levels. They have been running for so long so might take some rest before starting again. Trade with strict SL.

Gold & Silver showed nice recovery. As long as we are holding levels mentioned yesterday we are good.

Crude again showed huge volatility and from days high fell down to days low and then bounced back sharply to upside. Tomorrow is expiry of Crude so this behaviour is expected. Trade cautiously.

Views on rest is same. Keep watching this space for more updates.....

Calls for 13th April

Short Copper at 238 SL 239.60 TGT 236/234/232/230/228 => TGT1 and TGT2 met intraday only. Holding overnight shorts. Next support at 227.1

Buy Zinc above 69.7 SL 68.6 TGT 70.2/70.7/71.4 => TGT1 and TGT2 met intraday & then trailing SL hit

Buy GOLD above 14280 SL 14225 TGT 14350/14410/14465 => All target met

Update on Copper Buy call

My final target of 237 in Copper buy also achieved today. Now 238.1-239.2 is resistance zone. Watch out !!!

Market View 13th April

All base metals seems to be in strong uptrend & can be bought on dips. But at the same time we need to be a little cautious so trade with strict SL.

Crude Oil is consolidating in a triangle and can breakout in either direction depending on which side TL is breached.

Natural Gas is still weak and can be shorted on rise.

Gold & Silver although are in downtrend but for Gold 14017 & Silver 19794 levels are very important support. More weakness can be seen only below them. Till these levels hold we can see some recovery from here.

Outlook on Crude Oil

Hi All,

Crude oil after being highly volatile in last couple of weeks is now consolidating in a triangle. So a breakout is expected on either side break of the TL. So keep an eye.

Update on Copper Call given on 3rd April

Hello Viewers,
I have given the positional buy call in Copper (kindly see below under the heading 3rd April calls) on 3rd April -
==========================================
3rd April Calls
Positional Buy Copper abv 211.50 SL 204 TGT 216/221/226/232/237 => TGT1 and TGT2 met intraday only.
=======================================
Its 3rd target of 232 met today and high made 234.80 ...... Final target about to reach...hope you all have enjoyed !!!!

Zinc update

Hello Viewers,
On 6th April I have posted the chart of Zinc which had given Cup n Handle BO. This week it had taken support on its long term Trendline as mentioned earlier and shot up like a rocket. Touched today 69.4 as high..Another wonderful pick...Right on time !!!

Attached is the updated chart....

Aluminium Update

Hello Viewers,

On 6th April I have posted the chart of Aluminium which had given Flag n Pole BO. This week it had retraced back to MA20 and shot up like anything. Touched today high of 77.35. Wow what a wonderful pick...Right on time !!!

Here is the updated chart .............

Update on 7th April Call

Final target of 2525 also met in Crude overnight short. Hope all enjoyed!!!

Market View for 8th April

Gold & Silver are still weak but after some consistent selling in last few days they might show slight recovery. They are still sell on rise.

Crude heading down. We shorted yesterday at 2525 and carried shorts overnight & booked today around 2448 levels. Still holding with trailing SL.

Base metals specially Zinc & Copper have slight change in sentiment. Exact levels & direction are for clients :)

I have been shouting for last so many days that Natural Gas is weak and see how it has fallen below 190. Again its a sell on rise item as of now.

Calls for 7th April

Short Natural Gas below 187 SL 189.25 TGT 185.3/183.1/181.4 => All target met intraday only.
Short Crude at 2525 SL 2554 TGT 2500/2475/2450/2425 => TGT1 met intraday and carried shorts overnight for more gains. Expecting a gap down.

Market View for 7th April

Base metals are still positive but some profit booking was seen at higher levels in them.Nothing to worry so far. Bulls are still in control.

Gold & Silver are cracking badly as predicted and they are trying to find support at lower levels but so far unable to find and breaching all supports.

Oh God crude again showed its volatility & bulls were unable to hold at higher levels and was unable to break its previous high of 2698 and fell badly after making a high of 2690.Looks like this time it should crack more....A great battle between bulls & bears going on...Lets see who wins...

Natural Gas still weak & yesterday given nice intraday gains.

Aluminium Flag & Pole Breakout

Please find attached the Flag n Pole Breakout on Aluminium.

It was a BO above 71.5 and today we have seen 74.05 ..more to come...

Zinc Cup & Handle Breakout

Here is the chart of Zinc Cup & Handle Breakout. What a beautiful formation has happened & after the BO it has taken the support at the Handle trendline & blasted as expected. I had given the hint long time back that this BO has happened and it can blast anytime.

Already got 3+ Rs in it and more to come..

Blue line is the long term TL and some selling can be seen only on the breach of this on closing basis............Watch out !!!

Market View 6th April

All base metals looks bullish. Can be bought on dips. We are long in positional buy in Copper & Zinc. 2 targets in Copper & 3 targets in Zinc already met. More to come.

Gold & Silver have entered weak zone and should be sold on every rise.

Crude also after being highly volatile last week looks good to buy now.

Natural Gas so far still looks weak and can be short on rise.

3rd April Calls

Positional Buy Copper abv 211.50 SL 204 TGT 216/221/226/232/237 => TGT1 and TGT2 met intraday only.

Short Crude below 2680 SL 2710 TGT 2650/2620/2590 => All target met

Buy Nickel abv 530.45 SL 522.2 TGT 536/542/548 => TGT3 missed with 10 paisa

Market view 3rd April

Read my comments on 30th March on Gold & Silver -
"Gold & Silver are still weak and can show some more selling this week. Watch out 22250 for Silver and 15200 for Gold as immediate resistances"
They only went above these levels once and ever since they are falling below these levels. Yesterday witnessed huge selling in both these counters.

Nickel after consolidating for long time in a narrow range looks positive now & can show a good up momemtum now.

In Zinc good buying seen at lower levels & as expected showed some momemtum yesterday. A nice BO is on cards.

Natural Gas is still weak and sell on rise.

In Crude some buying emerged from lower levels and it gave handsome profits intraday yerterday above 2471 levels yesterday.

Copper H&S failed as it broke the previous high of 209.45. Its in uptrend so buy on dips & short only on the breach of the lower TL. This week's support is at 204.5

1st April Calls

Short Aluminium below 70.90 SL 71.6 TGT 70.2/69.8/69.3/68.6 = All target met
Short Copper below 209 SL 211.3 TGT 206/203/201 = 2 target met & trailing SL hit
Short Natural Gas between 192-193 SL 196.25 TGT 190/188/186 = All target met
Buy Zinc abv 65.7 SL 65.2 TGT 66.2/66.7/67.2/67.7 = SL hit after making a high of 66.15 :(

Market View for 2nd April

As mentioned yesterday all commodities behaved as expected. Be it Crude, Aluminium, Copper or Natural Gas. There is not major change in any of these so will stick to the same plan for today as well.

Crude Rising Wedge

Crude had a nice support around 2545 levels & once that is broken it has become more prone to fall. It has also broken the lower TL of a rising wedge which makes it more weak. Yesterday also it tried to break 2545 & failed miserably.

Market View for 1st April

Gold & Silver inspite of being highly volatile are losing their strength and are prone to fall more. Sell them near their resistances.

Crude has shown significant weakness in past few days. After breaking the support zone of 2545 its falling more than 100 points in a single day. Also it has broken the lower TL in rising wedge which is even a bearish signal. I would say it has taken a U turn now.

Aluminium also looks a little weak now. A clear picture would be unfolded soon.

Zinc has given a nice CNH BO but it is yet to blast.

In Copper H&S is forming. Although its in strong uptrend but risky players can enter shorts around 209 levels with 211.3 SL otherwise wait for the formation to complete & enter shorts below 200 levels for targets of 196/192.

Natural Gas is still weak and can be sold on rise.

Market view for 31st March

Gold & Silver were highly volatile yesterday however still weak and expected to fall further from these levels. Today we have seen the same weakness so far and more to come..

Base metals have expiry today so will avoid trading in them.

Natural Gas as expected bounced back from its support of 190 zone and given Rs. 6 profit in intraday. Some more weakness will be witnessed below 190 only.

Crude has shown some disappointment. I was expecting for it to take support in 2545-2555 range but it could not hold those levels so below this more weakness was expected and yes we have seen the same weakness in the steep fall today...More to come....

30th March calls update

20.55 Natural Gas 2nd target met of 196....Book 50% & trail SL to 192 now.
=====================================
Gold trailing SL hit at 15310 and re-entered shorts below 15250 again. Booked later at 15150 which was the final target.
==================================

30th March Calls

30-Mar
18:01 Short Crude now at 2610 SL 2625 TGT 2595/2575
18:13 Crude 1st target met of 2595. Get SL to cost.
18:58 Crude 2nd target almost met. CMP 2577 Book full profits.
============================================
18:05 Short Gold below 15110 SL 15140 TGT 15080/15050/15020
18:10 Gold 1st target met at 15080. Get your SL to cost now
18:20 Trailing SL hit at 15110. Call closed
=========================================
18:03 Buy Natural Gas between 190-190.50 SL 188 TGT 193/196/199
18:40 Natural Gas 1st target of 193 met. Trail SL to cost or below days low of 190.20
Call still open...as of 19:58
==========================================
19:15 Sell Gold on rise below 15350 SL 15390 TGT 15300/15250/15200/15150 CMP 15285
19:20 Book some profits at 15316 now
19:27 Gold short 1st target met. now trail SL to cost.
19:43 Gold 2nd target almost met. Low made 15253. Now trail SL 15310 & hold.
Call still open....as of 19:58
=======================================

Market View for 30th March

Aluminium is in positive zone and taking nice support at its trendline. Weakness will only be visible on a close below the trendline.

Other base metals are also looking good and buy on dips items.

Crude can witness some selling and can come down. 2550-2575 is a decent range to go long.Overall its bullish.

Gold & Silver are still weak and can show some more selling this week. Watch out 22250 for Silver and 15200 for Gold as immediate resistances.

Natural Gas fell last week from my resistance of 226.5 which was the channel resistance. It has current support at 190.4 and will show more weakness below 190.. ...Watch out !!!

Update on Silver

Silver has tried several attempts to go and close above 22890 but it failed miserably and fell badly. Silver is good only above 23000 and we can see some new highs if it manages to close above 23000.

27th March Calls

27th March
10:10 Buy Zinc abv 65.4 SL 64.5 TGT 66.5/67.5 CMP 66.8
21:40 Zinc 1st target of 66.5 achieved.
22:40 Zinc 2nd target of 67.5 also met. Call closed.
===============================================
17:19 Short Crude on rise till 2725 SL 2760 TGT 2690/2660/2640
18:55 Crude almost hitting 2nd target of 2660. Book 50% here at 2670 & trail rest at cost.
20:40 Crude 2nd target of 2660 also met. Low made 2654.
21:01 Book full profits at 2640. Call closed.
=============================================
12:20 Short Gold on rise till 15220 SL 15270 TGT 15160/15100/15040 CMP 15185
13:56 Gold short triggered. Keep tight SL.
15:11 Gold 1st target of 15160 met. Book partial profits & trail SL to cost.
18:34 Gold all target met. Book profits in full. Call closed.

Market View for 27th March

Yesterday a nice rally was seen in base metals wherein they bounced back from their support trendlines. Especially Zinc has shown significant recovery and has broken all its previous resistances of 65/65.5 & 65.9 and managed to closed above it with decent volumes and open interest. I expect it to touch further highs in coming days.

Natural Gas has again taken a stiff resistance at its upper trendline and after touching 226.2 again it fell badly till 203.4 levels and closed at days low. Chart is already posted on the blog.

Crude Oil still going good. Getting stronger & we can expect a big breakout anytime in it.

Gold & Silver are highly volatile and are unable to sustain on higher levels.

Natural Gas Chart

As mentioned on 25th March market view Natural Gas has taken stiff resistance in 226.5 range which is the upper TL line of channel. It could not manage to move above it and fell badly from there. Attached is the chart for it.

25th March Calls

We were long in Aluminium overnight.
25-Mar
10:15 Aluminium 1st target achieved 70.50
12:10 Aluminium 2nd target of 71 almost met. High made 70.90. Trail SL to cost now.
SL hit at cost. Call closed.
=======================================
11:26
Short Natural Gas below 226.5 SL 228 TGT 224/222/220 CMP 226
17:23 Natural Gas made a low of 223. Book 50% profits & hold rest with 227 SL.
18:44 Natural Gas 2nd target also met. Low made 221.
Natural Gas all target met at 220.30 book full profits. call closed.
=======================================================

Gold & Silver cracked badly as expected but bounced back from lower levels sharply. Still expect high volatility in these counters. Trade with strict SL.

Natural Gas as mentioned yesterday has taken solid resistance at channel upper trendline and fell from there. We shorted at days high for a target of 200 and it made a low of 220.30. Now strength is only above 227 on this counter for targets of 230.5/233.6/236.4

Metals are melting with selling pressure so keep selling them at their respective resistances & buy them near support to make some intraday money.

Crude oil still looks positive although we have seen a huge volatility on both sides yesterday due to its inventory which came as expected in plus. It has eaten trader's SLs on both sides. For last 3 days it has taken a nice resistance in 2719-2724 zone and yesterday it has taken that resistance as well and after making a high of 2742 fell badly....

Market View 25th March

Gold & Silver have shown some signs on weakness yesterday. Gold seems more bearish than Silver as of now. Silver is yet to match Gold weakness...

Crude Oil is still positive. Bulls are trying to push it hard upside but bears are stopping it in 2720-2725 zone. Bulls will be in full control above 2730 or $ 54.15.

Metals are still non trending & moving in a trading range. Trade with keeping support and resistances in mind.

Natural Gas as expected is positive and managed to close around days high. But right now its around it channel resistance so a break above the TL will take it to higher levels and if not able to breach it then we can expect a fall from here.

24 March Calls

24-Mar
12:13
Buy Gold around 15240 SL 15220 TGT 15300/15350
SL hit so call closed.
==========================================
13:14
Short GOLD on rise below 15240 with SL 15270 TGT 15200/15160/15120
14:15
Gold short 1st tgt of 15200 met. low made 15181.Book some profits.
17:45
Gold all target met. Book full profits at 15120 or trail coz it is still weak and can show more gains.
18:34
Gold low made 15030..Enjoy!!!
=======================================================
13:11
Any rise in Silver till 22550 can be taken as short opportunity. SL 22650 TGT 22450/350/250
14:18
Book some profits in Silver. CMP 22444
20:46
Silver all target met. Book full profits.
================================
18:08
Buy Aluminium abv 69.8 SL 69 TGT 70.50/71/71.5/72 CMP 70.1
Call is still open.

Crude Oil - Breaking all barriers

Yesterday Crude managed to close above its previous strong resistances of 2655 & 2674. It is now in strong uptrend & can be bought on dips for higher gains. I see targets of 2850/3000/3146 in coming weeks. Attaching some charts for the viewers.

Market view 24th March

Wow what a wonderful day!All commodities worked as expected and mentioned in my yesterday's post.

Aluminium we used as swing trading and it worked well for quick gains. I would rather wait now for any new entry in it.

Natural Gas as mentioned showed strength and has risen with increase of bull volume. Still looks good for longs.

Gold & Silver remains in the same volatile category. Trade with strict SL until trend is clear. Right now its being developed.
In base metals on higher levels profit bookings are taking place which is restricting bulls to win unanimously. Keep fighting...we will sell @ resistance & buy at support :)

Last but not least Crude. As mentioned earlier it has shown a significant strength in yesterday's trading and managed to close above previous heavy resistances of 2655 & 2674. In intraday sessions also it tried to break 2674 thrice and fell badly and tested a low of 2611 and has respected the support of 2580-2600 (given to clients to buy abv this) and bounced back sharply. More gains to come in coming weeks. Only concern is $ and if it will show some strength Crude will rise like a rocket.

23 March Calls

23 March
11:30 Short Zinc below 65 SL 66 TGT 64/63/62
14:15 Zinc 1st target achieved of 64. Trail SL to cost.
20:45 Zinc 63.5 book 50% now & trail to 64.25
22:25Trailing SL hit. call closed.
===================================
15:35 Buy Aluminium on dips around 70-70.25 SL 69 TGT 71/72/73
22:22 Aluminium 1st target of 71 achieved.
22:35 Aluminium 71.45 now. Book 50% and hold rest with SL as cost.
========================================
Sure shot buy call in Crude was given in the morning around 11 AM. Already gained 100+ points in it & call is still ON. More to come. Keep watching....

Market View 23rd March

Last week I had given my views on Aluminium and it has given huge returns. It is still in positive zone and can be traded for swing trading and can be bought on pull backs. Given sure shot buy call to clients & huge money was minted.

A mix mood has been seen in base metals. Although Copper & Lead still looks positive, profit booking cant be ruled out.

After a decent amount of selling for quite sometime Natural Gas has shown some strength and looks positive now.

Gold & Silver will remain highly volatile this week as well. They might show some congestion until trend becomes clear in next few days.

Crude has been rising since all time lows & is gaining strength day by day. International Crude closed above $50 mark which was a huge resistance. Hope to see more gains this week. Buy on dips item.

20th March Calls

20th March
10:48
Short Crude on rise below 2655 SL 2695 TGT 2610/2570/2540 CMP 2590
Book some profits in Crude at 2620 & trail SL to cost or 2665 & hold
Advised to exit at 2610 and didnt carry overnight.
===========================================
20 March
16:56
Silver next resistance is 22817/22849 so short between 22800/850 with 100-150 Rs Stop Loss
TGT 22700/22600/22500
21st March 10:15 am
Cover some silver short at 22700 & rest hold with SL as cost or 22800
=====================================
16:58
Gold next resistance is 156650-60 so short below 15640 with 50-60 Rs Stop loss TGT 15500/15450/15400
Gold made a high of 15582 and fell 100 Rs. so this call didnt trigger.

Silver Chart

Silver also broke out from the down channel and showed some strength yesterday after a decent pull back on Thursday, 19th March. Next resistances are 22900/23050 and a close above these levels might take it to the previous highs. Here is the chart for Silver.

Gold Chart Update

Hello Viewers,

As described yesterday Gold has broken out from the falling wedge pattern. In yesterday's trading there was no sign of weakness and bulls were in power throughout the day. Hope to see some more gains next week. Here is the updated chart of Gold -

Gold Chart

Gold was moving in a falling wedge and after touching the lower TL which was also 61.8% fibo retracement of its previous high Gold has bounced back sharply and managed to close above the upper TL which is a bullish sign.

19th March Calls

19th March
9:10 pm
Momentum call: Short Gold below 15475 SL 15515 TGT 15425/15380 CMP 15454
9:34 pm
Gold short target 1 of 15425 achieved. Now trail SL to cost of 15480 & Hold
10:10 pmGold 2nd target met 15380. Book full profits.
========================================
6:49 pm
Buy Silver above 22183 SL 22050 TGT 22300/22400
Silver buy target 1 achieved. Book 50% profits & hold rest with cost as SL
Silver 2nd target also met. Call closed.

Market view for 20th March

As mentioned yesterday a nice recovery infact a decent recovery was seen in Gold & Silver and bears were killed badly. Again change in sentiment was seen. Gold is still trading above $945 & Silver above $13.28 which were Stops for bears. Lets see when we see the sentiment change again.

Aluminium broke all levels and as mentioned on 18th March Aluminium touched 72 yesterday. A close above 72.2 can show a significant move for 73.4/75.4/77 levels soon.

Crude again showed strength and kissed $52 in international market and 2655 (previous resistance in INR) and there some profit booking was seen. It is still positive and buy on dips item.

Bulls & bears are still fighting in base metals and a clear trend is yet to be seen although bulls were seen taking over bears at last.

Due to expiry today Natural Gas has seen an unbelievable spurt from the lower levels to the higher circuit level yesterday. After making a low of 185.1 it has risen up to 210.2 this is what called power of expiry.

Market View for 19th March

As expected Gold, Silver & Natural Gas crashed badly & gave good money intraday. Some recovery is expected today as there was huge selling seen yesterday.

Huge profit booking seen in base metals at higher levels and bear volume has increased significantly. Looks like bulls are losing power & are not able to sustain prices at higher levels. A nice fight between bulls & bears is seen so lets see who wins. Time will tell.

Zinc shows some signs of weakness so we can short on rise till 62.4 with SL as 63.5

Aluminium is still positive and yesterday intraday it has breached its solid resistance of 69.5 & made a high of 69.75 so above 69.85 level we should see more gains.

Natural Gas is looking even weaker. More fall to come.