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3M TEAM
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COMMODITY
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DAILY NEWS LETTER
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19th 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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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 prices in the intraday may trade in sideways to up manner due to buying by the local stockists. Prices may recover in short term if domestic buying from stockists is present in good quantity. In the long to medium term (April onwards) prices may take cues from the turmeric arrivals and demand from the domestic and overseas market. Turmeric prices in short term may remain firm due to better offtakes by the local stockists. Demand from the local stockists ahead of wedding season and lower availability of turmeric in the domestic market may control the prices from falling sharply down in the short term
TMC AS TRADING ABOVE 10750 CAN JUMP TILL 11000 MARK CORRECTION DUE TODAY.
Short Term Trend- Up
Next Target- extremely bullish
Trend Reversel-7350
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Chana (MARCH)
Chana futures are likely to trade in the sideways to down manner due to fresh arrivals from Rajasthan and Madhya Pradesh. The output of other Pulses is estimated to remain unchanged and thus prices of these Pulses like Tur, Urad and Moong which had declined in the last few weeks will not fall much now onwards. Thus, tracking the other Pulses, we don't expect much downside in the Chana prices till mid March. In the long term (April onwards),Chana prices are likely to trade with bearish sentiments once prices consistently trade below Rs.2000 levels as fresh arrivals from Rajasthan and MP coupled with estimates of higher production may pressurize the prices. Stockists buying may be initiated as the prices are quoting at lower levels. If, significant demand from the domestic market is there Chana prices may find support and strengthen. However, better production estimates of chana may cap the upside.
SELL CHANA APR AT 2200-2210 SL 2234 TGT 2182-2160-2136.NCDEX
Short Term Trend - Down
Next Target- Neutral
Trend reversal -2685
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SOYABEAN (MARCH)
Soybean prices are expected to bounce back due to short coverings and firm international prices in the intraday but bearish fundamentals may cap the upside. Further, in the long term perspective, soybean prices are expected to trade lower on poor export demand of domestic soy meal and favorable weather in Argentina for soy bean crop. Globally soybean production is estimated higher as compared to last year also in favour of bears in the market. April soybean futures ended higher on account of short covering and firm overseas market on Wednesday.
Better global production of Soybean and lower exports of Soy meal may pressurize the prices of Soybean complex in the short term
BUY SOYABEAN APR AT 1970-1980 SL 1956 TGT 2000-2025.NCDEX
Short Term Trend - Shortly up
Next Target- Neutral
Trend Reversal- 2260
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GURSEED(FEB)
Guar seed futures are likely to trade in sideways to up manner due to improved buying at lower levels. The market has already discounted the fact of drop in guar seed output by gaining almost 58% during the last year. The prices will find support to gain further only if the overseas demand from US and China emerges in coming days. Demand from the overseas is slow but is expected to improve from the end of March. Prices may find support only if significant demand is present from the overseas buyers. Demand from millers is expected to improve gradually in the coming weeks. Good demand for its by-products like Churi and Korma is also supporting the prices of Guar seed
BUY GUAR APR ABV 2305 SL 2280 TGT 2325-2340-2356.NCDEX
Short Term Trend - Shortly up
Next Target- Neutral
Trend Reversal - Neutral
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JEERA(MARCH)
Jeera prices in the intraday may trade in sideways to up manner due to buying by the stockists at the domestic market. In the short term (till March) trend may be determined by the demand from the domestic and overseas market and price parity of the different origins in the international market. In the medium to long term (April onwards) prices may be determined from the Jeera sowing estimates of India and demand from the overseas market. Improved buying at lower levels by the stockists and anticipation of overseas demand led prices to strengthen. In the short term (till March) prices may be determined by stocks of jeera with Syria and Turkey, price quotes of jeera in the international market and demand from the domestic and overseas market.
SELL JEERA APR BELOW 12000 SL 12090 TGT 11935-11860-11780.NCDEX
Short Term Trend- Up
Next Target- 11300 above 11550 then 11750.
Trend Reversal- 11725
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PEEPER (MARCH)
Pepper prices in the intraday may trade in sideways to up manner due to buying by the domestic stockists. In the short term (till March) Pepper prices may be determined by demand from the domestic and overseas buyers and fresh pepper arrivals in Vietnam. In the medium to long term (April onwards) prices may be determined by the demand from the overseas and domestic market, pepper production in Vietnam, pepper price parity of the major origins such as Brazil, Indonesia, India and Vietnam. This may pressurize the prices in the short term. Pepper prices are quoting at lower levels. Fresh buying from the domestic buyers may be initiated in the short term. Demand from the overseas buyers is silent over a couple of days. Buyers are waiting in anticipation that the pepper prices in the international market may ease further due to fresh pepper arrivals from Vietnam. This may pressurize the prices in the short term.
BUY PEPPER APRIL ABV 13800 SL 13680 TGT 13880-13940-14000. NCDEX
Short Term Trend - Neutral
Next Target- Neutral
Trend Reversal- 16150.
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METAL MARKET
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US DOLLAR INDEX
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GOLD
( 5th APRIL. 2010)
Short term support established time being 16400 and below further weakness... In coming few session if hold this level and sustained above will move further from the over sold zone.
As mentioned yesterday above 16550 will some show strength and almost 200 point move and test 16766 level. Technically lower level some support were saw at lower level.
Today resistance are 16800-16810 and support are 16600, below it will come down up to 16550.. Small trading range and avoid to big tickit trading please.
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SILVER
(May -2010)
Its showing tremendous strength compare to gold. Lower level major support 26000-25500 range and decline to buy side. Higher level trend will be reversal only above 27000.
Higher level stiff resistance 28400-27500 must watch on reversal to sell side.. today support exit 26900.
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LEAD
(31st March -2010)
Some selling pressure at higher level... Keep a stop loss 103 and sell side.....today support are 100.
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COPPER
(30th April - 2010)
Today resistance are 340 and remain below 335 further weakness will test 329 or below in due course...... Clear path for bull if close above 350.. otherwise to sell side. Lower level strong support were saw in this commodity at 335.
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NICKEL
(March 2010)
Profit booking continue but lower level some support and bounce back were saw. Today hold 1020 it will test again previous high 1056...... Your stop loss 1015 for long position.
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ALUMINIUM
( March - 2010 )
Close below 102 target 100-97, thereafter steep fall can not be ruled out.
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CRUDE
(19th March-2010)
On rise to sell side.... with consider resistance are 3780-3800 with tight stop loss. Today support are 3700.
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ZINC
(31st MARCH -2010 )
On rise to sell stop loss 108-110. Target are 100 mark.
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OUR Performance - Commodity Intra day Call - Previous Week
Commodity Intra Day calls dated {8 MARCH 2010 to 13 MARCH 2010}
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8/3/2010
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MCX MARCH ZINC
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buy at 107.35-107.45 SL 106.45 TAR 108.50-109.05 SL revised 107.00
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5750/-
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1ST TARGET ACHIVED HIT 108.80
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8/3/2010
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MCX MARCH CRUDEOIL
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sell at 3730-3733 SL 3745 TAR 3712-3695 stricly stop loss mantain
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2000/-
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1ST TARGET ACHIVED ACHIVED
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8/3/2010
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MCX MARCH LEAD
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sell at 102.50 SL 102.95 TAR 101.80-101.50 momentum sell call stricly SL mantain
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-2250/-
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SL REACH
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8/3/2010
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MCX MAY SILVER
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sell at 27085 SL 27180 TAR 26935-26860 stricly SL mantain
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6750/-
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1ST TARGET ACHIVED
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8/3/2010
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MCX APRIL GOLD
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sell at 16865-16873 SL 16920 TAR 16810-16780
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9000/-
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1ST TARGET ACHIVED
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8/3/2010
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MCX
MARCH LEAD
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buy at 103.50 SL 102.30 TAR 104.70-105.50
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0000
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EXIT SAME COST
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8/3/2010
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NCDEX MARCH CHANA
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buy at 2146-2148 SL 2135 TAR 2160-2173 momentum buy call
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1300/-
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1ST TARGET ACHIVED
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8/3/2010
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NCDEX MARCH SOYASEED
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sell at 2108-2111 SL 2140 TAR 2080-2060 position sell call 1-3 days
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5000/-
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1ST TARGET ACHIVED
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9/3/2010
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MCX APRIL GOLD
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buy at 16685 SL 16655 TAR 16740-16770 stricly SL mantain
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4500/-
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BOOK PROFIT 16728
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9/3/2010
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MCX MARCH ALUMINIUM
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sell at 100.90-101.00 SL 101.45 TAR 100.35-99.90 momentum sell call
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3000/-
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1ST TARGET ACHIVED
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9/3/2010
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MCX MARCH CRUDEOIL
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sell at 3712-3716 SL 3752 TAR 3678-3655 momentum sell call
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3400/-
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1ST TARGET ACHIVED
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9/3/2010
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MCX MARCH ZINC
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sell at 106.20-106.30 SL 106.75 TAR 105.70-105.30 momentum sell call
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4500/-
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1ST TARGET ACHIVED
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9/3/2010
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MCX MARCH LEAD
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buy at 101.50 SL 100.80 TAR 102.20-102.50 momentum buy call
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0000
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EXIT SAME COST 101.50
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9/3/2010
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MCX MAY SILVER
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Buy at 26480-26500 SL 26400 TAR 26630-26680 Strictly SL maintain
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6000/-
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1ST TARGET ACHIVED
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9/3/2010
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MCX APRIL GOLD
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buy at 16610-613 SL 16585 TAR 16638-16655 momentum buy call strictly SL maintain
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4500/-
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1ST TARGET ACHIVED
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10/3/2010
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MCX APRIL COPPER
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buy at 343.50 SL 340.00 TAR 347.00
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-3500/-
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SL HIT ONLY AND TARGET ACHIVED 339.85
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10/3/2010
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MCX MARCH LEAD
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buy at 102-102.10 SL 100.8 TAR 103.45-104.2....
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11000/-
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1ST TARGET ACHIVED ACHIVED
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10/3/2010
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MCX MARCH ALUMINIUM
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buy at 101.5-101.55 SL 100.4 TAR 102.45-102.8
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3500/-
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BOOK PROFIT 102.20
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10/3/2010
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MCX APRIL GOLD
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buy at 16690-16700 SL 16645 TAR 16760-16790
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6000/-
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1ST TARGET ACHIVED BOOK PROFIT 16755
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10/3/2010
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MCX MARCHLEAD
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Sell at 104.40 SL 104.70 TAR 103.80 103.50 momentum sell call strictly SL maintain minimum lot trade
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3000/-
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1ST TARGET ACHIVED HIT
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10/3/2010
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MCX MARCH LEAD
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Again buy at 103.30-103.35 SL 102.60 TAR 104.20-104.80
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4500/-
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1ST TARGET ACHIVED
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10/3/2010
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MCX MAY SILVER
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buy at 26965-985 SL 26820 TAR 27130-27220
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4800/-
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All TARGET
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10/3/2010
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MCX APRIL GOLD
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Buy at 16700 SL 16660 TAR 16760-16790
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-4000/-
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SL REACH
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11/3/2010
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MCX MARCH LEAD
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LEAD buy at 102.30 SL 101.50 TAR 103.20-103.40 strictly SL maintain momentum buy call
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5500/-
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ALL TARGET ACHIVED
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11/3/2010
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MCX APRIL COPPER
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buy at 336.70 SL 335.30 TAR 338.30-339.20 momentum buy call strictly SL maintain
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2400/-
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ALL TARGET ACHIVED
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11/3/2010
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MCX APRIL COPPER
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sell at 339 SL 344.50 TAR 334.0-332.0
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0000
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EXIT SELL COST BE 338.50
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11/3/2010
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MCX MARCH ZINC
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Sell at 105.30 SL 106.40 TAR 104.10 103.80
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0000
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POSITION COVER LOW HIT 104.30
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11/3/2010
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MCX MAY SILVER
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Sell at 26760-780 SL 27100 -26430-26300 position sell call
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0000
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POSITION HOLD
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11/3/2010
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MCX APRIL GOLD
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Sell at 16530 SL 16620 TAR 16435-16380
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9000/-
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1ST TARGET ACHIVED
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12/3/2010
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MCX MARCH CRUDEOIL
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buy at 3733-3736 SL 3685 TAR 3778-3805
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4000/-
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1ST TARGET ACHIVED
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12/3/2010
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MCX MARCH ZINC
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buy at 105.50 SL 104.50 TAR 106.50 - 107.15
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5000/-
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1ST TARGET ACHIVED
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12/3/2010
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MCX APRIL COPPER
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buy at 339.00 SL 337.00 TAR 341.50-342.50
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2500/-
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1ST TARGET ACHIVED
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= = = = = = =
Total Profit:-
Total loss :-
= = = = = ==
Net Profit :-
= = = = = ==
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= = = = 116900/-
-9750/-
= = = = =
107150/-
= = = = =
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