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Thursday, January 6, 2011

TRADER'S MID DAY ALERT & MCX TRADING STRATEGY

Well lets finish with NIFTY FUTURE Todays closing & Next Trading session TREND..As expected Today also NIFTY FUTURE made a new low 6046.30 (Previous day low was 6086.90) & Closed @ 6070.

TREND FROM HERE ON : NIFTY FUT closed @ 6070 which is below our support level 6080 (BEST BUY) & Actual resistance 6100.50 (BEST SHORT LEVEL)..In the next trading session NIFTY FUT may pull till our SUPPORT & RESISTANCE LEVEL...A crack below 6052 the downwads target for NIFTY FUT is 6012.80/5992.10..
***5992.10 is our POSITIONAL SELL CALL 1ST TARGET

MCX TRADING STRATEGY
NATURAL GAS BUY CALL INITIATED YESTERDAY @ 204.20 FOR A TARGET OF 215.20/216.50 IS STILL ACTIVE.NATURAL GAS TODAY'S HIGH IS 207.70 & CMP - 207.20

COPPER &NICKEL POSITIONAL SELL CALL INITIATED YESTERDAY @ 442.75/1130-1136.80 IS ALSO ACTIVE ..IT HAS MADE A DAYS LOW 439.75/1127.50 & DAYS HIGH 443.90/1143.10
CMP - 441/1129

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