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3M TEAM
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COMMODITY
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DAILY NEWS LETTER
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12th March 2010
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E Mail: - commodity_3mteam@yahoo.co.in
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For Any Query Or Information Call Contact at 09300921135 , 0731 - 4098347 ,2527890
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For One Day Free Trial
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3mteam BUMPER CALL
99% Return Guarantee Plan
.......More details read below
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Call or send SMS with your Name, City 09300921135
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Action speaks louder than Words
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Call speaks better than Promises
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Timely and live call
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During the market hours
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AGRI MARKET
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TMC (APR)
Turmeric ended up on strong demand and as investors pounced on the near-term contract, which had slipped below spot rates. Turmeric ended up on strong demand which had slipped below spot rates Support for turmeric is at 8576 below that could see a test of 8378. Resistance is now seen at 8874 above that could see a resistance of 8974.
Short Term Trend- Up
Next Target- extremely bullish
Trend Reversel-7350
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Chana (MARCH)
Chana closed Saturday session higher posting smart profit on concerns high temperature in a key growing region may hurt yields. Buying activities kept its momentum going as chana throughout the entire week witnessed supportive lower level buying that aided prices to recover from long recent bearish trade. Fundamentals are however reported to be weak.
Short Term Trend - Sideway moment
Next Target- Neutral
Trend reversal -2685
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SOYABEAN (MARCH)
Soybean closed up Saturday on technical buying but weak soymeal export demand weighed on prices. India February soymeal exports at 220,552 metric tons against year earlier 375,098 tons. The soybean harvest in Brazil hit 33% from the estimated area in the week ended on March 5, according to the SAFRAS & Mercado report. Soybean provisionally settled down on weak soymeal export demand
Short Term Trend - Down 2130 below
Next Target- Neutral
Trend Reversal- 2260
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GURSEED(FEB)
Guar edged higher boosted by hopes of lower production, thin arrivals and on likely improvement in domestic demand. In the Jodhpur spot market, guar price fell 3 rupees to end at 2,388 rupees per 100 kg. Guar yesterday we have seen that market has moved 0.3%. Market has opened at 2345 & made a low of 2330 versus the day high of 2360. Guar dropped yesterday tracking a weak spot market
Short Term Trend - Down
Next Target- 2330 below down tar 2110
Trend Reversal -
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JEERA(MARCH)
Jeera ended weak as investors booked profit and higher arrivals weighed on sentiment. Arrivals at Unjha were at 22,000-23,000 bags compared with 17,000 bags on Thursday. Jeera ended weak as investors booked profit and due to higher arrivals Yesterday we have seen that open interest at 5616 and volume at 5109 lots.
Short Term Trend- Down
Next Target- 10850
Trend Reversal- 11725
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PEEPER (MARCH)
Pepper ended higher on buying interest boosted by dwindling stocks. Indian pepper January 2010 exports stood at 1,500 tonnes, down 28.57 percent on year, the Spices Board said. Spot pepper fell by 38 rupees to end at 13,096 rupees per 100 kg in Kochi. Pepper ended steady on some profit-booking and less arrivals
Short Term Trend - Down
Next Target- 12400.
Trend Reversal- 16150.
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METAL MARKET
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GOLD
( 5th APRIL. 2010)
Over all trend is Bullish, last week it was made a high of 17100 which is near to major resistance level and slipped back and almost closed with a loss of 113 points at 16902. We may consider support are 16500-16600 are a strong support and decline to buy side. Higher level resistance are 17050-17100, decisively crossover will move another 300-500 points easily. Close below 16500 do not remain long gold.
Today Resistance are 16560 and stay above 10 to 20 minutes will test 16610-16650-16700.. but higher level cautious approach, down side below 16400 further weakness.
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SILVER
(May -2010)
High volatile counter compare to gold. It was high on 27250 and low was 25420 and finally closed at 27035. Over all trend is still Bullish. We may consider support are 26400-26500 range and buying opportunity above 27200 it can move up to 27700 or even higher level. Over all decline to buy side.
Today resistance are 26900-27000 and selling opportunity.
. Major support 25800 to be watch out.
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LEAD
(31st March -2010)
Small Trading Range 98.70 to 103.50. Time being we may consider support are 100 and resistance are 105. Close above looks more up side. Trading range 100-103....
Trend side ways.
Trading range 100 to 105...
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COPPER
(30th April - 2010)
Looks very hot and CHINA playing a big role in Copper segment. Last week it was high was 350 and after a test of low 335 finally closed at 345. We may consider resistance 355-356, thereafter real move which will take further up to 375-380 mark, down side support are 335, Close below no need to long side and it will test 320 mark.
Trend Very Bullish.
Today resistance are 345-350 and support 335 decisively trade with volume likely sharp down side can not be ruled out.
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NICKEL
(March 2010)
Very Volatile counter and strong move were saw in the last one month from 800 to 1057. We may consider Trend Decider of this week are 1015....which is also consider support . Time being entered in overbought zone and advise to book profit if you have long and re enter only on substantial decline.
Trend Bullish but over bought.
Lion Heart can sell this commodity with tight stop loss above 1055. On rise to sell side. Below 1000 more selling opportunity.....do not think to buy.
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ALUMINIUM
( March - 2010 )
Small trading range and less volatile counter with consider support are 100 as hold likely test 104-105 mark. Higher level to sell side.
Trend side ways.
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CRUDE
(19th March-2010)
Still showing bullish and over all positive. Last week it was a high was 3743 and low was 3599, finally closed with a gain of 55 points at closed at 3724 mark. We may consider support are 3700-3600 range .. below 3650 further weakness and likely test 3500 mark, higher level resistance are 3800 and hold above looks non stop target 4000 mark easily.
Above 3800 bull will upper hand otherwise sell side...on rise.
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ZINC
(31st MARHC -2010 )
Trend is bullish and consider resistance are 107-109-110, down side support are 100-102 range. Decline to buy side. Near to major resistance 110.
Trend Bullish.
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OUR Performance - Commodity Intra day Call - Previous Week
Commodity Intra Day calls dated { 22 feb 2010 to 27 feb 2010}
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22/02/2010
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MCX FEB ZINC
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Buy at 107-107.05 sl 106.15 tar 108.1-108.4
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5000
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1ST TAR ACHIVED
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22/02/2010
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MCX MARCH SILVER
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Buy at 25600-25610 sl 25480 tar 25780-25880
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-3600
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SL REACH
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22/02/2010
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NCDEX MARCH SOYASEED
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Buy at 2100 sl 2080 tar 2130-2148 positional buy call
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3000
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1ST TAR ACHIVED
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23/02/2010
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MCX FEB LEAD
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Sell at 106-106.1 sl 107 tar 105.1-104.85 momentum sell call
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-4500
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SL REACH
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23/02/2010
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MCX FEB ZINC
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Sell at 104.65- sl 106.2 tar 103.45-102.45
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11000
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ALL TAR ACHIVED
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23/02/2010
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MCX FEB CRUDOIL
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Sell at 3690-3695 sl 3740 tar 3650-3625
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6500
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All TAR ACHIVED
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23/02/2010
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MCX FEB COPPER
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Sell at 336.5-336.7 sl 339.5 tar 333.5-331.5
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5000
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ALL TAR ACHIVED
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23/02/2010
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MCX MARCH SILVER
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Sell at 25365-25375 sl 25450 tar 25280-25230 momentum sell call
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4050
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ALL TAR ACHIVED
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23/02/2010
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MCX FEB NICKEL
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Sell at 941-943 sl 954 tar 928-923 small quantity trade
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5000
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ALL TAR ACHIVED
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23/02/2010
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MCX FEB ZINC
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Sell at 103 sl 104 tar 102-101.5
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7500
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ALL TAR ACHIVED
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23/02/2010
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MCX FEB COPPER
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Sell at 334 sl 337 tar 331.2-330.5 small quantity trade
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3500
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ALL TAR ACHIVED
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24/02/2010
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NCDEX MARCH SOYASEED
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Sell at 2100 sl 2120 tar 2075-2055-2030 positional sell call
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4500
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2nd TAR ACHIVED
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24/02/2010
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NCDEX MARCH JEERA
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Sell at 11400 sl 11550 tar 11220- 11120 positional sell call
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5400
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POSITION HOLD
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24/02/2010
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MCX FEB NICKEL
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Sell at 929-930 sl 939 tar 920-913 momentum sell call
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2500
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1ST TAR ACHIVED
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24/02/2010
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MCX FEB COPPER
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Sell at 330.5-331 sl 334.5 tar 326-323.5 small quantity trade strictly sl maintain
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4500
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1ST TAR ACHIVED
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24/02/2010
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MCX FEB ZINC
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Sell at 101.4 sl 102.4 tar 100.2-99.95 small quantity trade strictly sl maintain
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7250
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ALL TAR ACHIVED
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24/02/2010
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MCX FEB ZINC
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Sell at 99.85 sl 101 tar 98.7-98.3 strictly sl maintain
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-5500
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Sl reached
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25/02/2010
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MCX MARCH SILVER
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Sell at 24710-24725 sl 24900 tar 24550-24385 strictly sl maintain small quantity trade
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0000
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POSITION EXIT SAME COST
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25/02/2010
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MCX FEB NICKEL
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Buy at 937-938 sl 910 tar 970-985 position buy call strictly sl maintain
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8250
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1ST TAR ACHIVED
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25/02/2010
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MCX FEB ZINC
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Buy at 100.6-100.7 sl 99.5 tar 101.9-102.5 break above 104 tar
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-5500
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Sl REACHED
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25/02/2010
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MCX FEB LEAD
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Buy at 99.85-99.9 sl 99.45 tar 100.5-100.8 momentum buy call
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3000
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1ST TAR ACHIVED
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25/02/2010
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MCX APRIL GOLD
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Sell at 16520-16530 sl 16565 tar 16472-16452
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5500
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1ST TAR ACHIVED
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25/02/2010
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MCX FEB LEAD
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Sell at 100-100.15 sl 101.5 tar 98.8-98.35
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9000
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ALL TAR ACHIVED
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26/02/2010
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MCX APRIL GOLD
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Buy at 16680 sl 16620 tar 16785-16815
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13500
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ALL TAR ACHIVED
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26/02/2010
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MCX MARCH SILVER
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Buy at 25350 sl 25100 tar 25700-25880
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15900
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ALL TAR ACHIVED
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26/02/2010
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MCX MARCH CRUDEOIL
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Sell at 3635 SL 3685 tar 3580-3550
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3000
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BOOK PROFIT AT 3605
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26/02/2010
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MCX FEB LEAD
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Sell at 100.05-100.15 sl 101.10 tar 98.80
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6750
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ALL TAR ACHIVED
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26/02/2010
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MCX FEB ALUMINIUM
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Sell at 95.00 - 95.15 sl 96.10 tar 94.10-93.70
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0000
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EXIT SAME COST AROUND
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= = = = = ==
Total Profit:-
Total loss :-
= = = = = ==
Net Profit :-
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= = = = =
139600/-
-19100/-
= = = = =
120500/-
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