Kiran

Find below Trading strategy for the day (10 July'08) or two only. Commodity Exchange

Format to read data :Contract S2 S1 Close R1 R2 View

Gold MCX Aug' 08 12750 12850 12941 13075 13230 for the day buy only abv 13070-75 S/L 13040 and T/p 13120-130/13190 upto 13225 OR sell below 12850 S/L 12880 and T/p 12800-12760/down rally towards 12625 in coming days (any time close above 13100/13330/13510 bullish while close below 12750/12150/11920/11775/ 11375/11200 bearish for medium term)

Silver MCX Sep' 08 24975 25225 25499 25600 25825 for the day buy only abv 25600 S/L 25540 and T/p 25670-800/towards 26050 OR sell below 25225 S/L 25320 and T/p 25100-25000/towards 24800(any time close below 24340/23525/ 23075/21825 bearish rally while close above 26150/26900/28000 bullish for medium term)

Crude Oil MCX July' 08 5770 5830 5885 5970 6020 for the day sell only below 5825 S/L 5850 and T/p 5800-5770/towards 5710/ 5635 incoming days OR sell ard 6008-10 S/L 6020 and T/p 5970-5940, as long resistance of 6040 & 6075 down rally likely to continue (now crude need to close above 6220/6300 for bullish rally while close below 5830/5635/5440/ 5215/5100/4415/3890 bearish for medium term)

Copper MCX / NCDEX Aug' 08 347 351 355.95 358 363 we book profit on sell below 366.5/364/ 351, for the day buy ard 348.5-349 S/L 347 and T/p 351.5/354.5 OR sell ard 362-362.5 S/L 363 and T/p 357.5/355.5 (upside strong rally only on close above 371/387.5/398 while close below 347/ 339/331.5-330.5/326/311 bearish for medium term)
Gold NCDEX July' 08 12600 12725 12915 13060 13230 immediate suppt seen at 12725/12600/ 12400/12150/12050/11925/11725/11510/ 11200 sustain close below 11200 bearish for medium term while direct rise above 13060/13230/13400/bullish for medium term S1=First support S2=second support R1=first resistance and R2=second resistanceS/L= Stop Loss and T/P= Target Price and Ard=around. Always prefer to short below S2 with S/L of S1 and buy above R2 with S/L of R1