Find below Trading strategy for the day (11 July'08) or two only.

Format To read
Commodity Exchange Contract S2 S1 Close R1 R2 View

Gold MCX Aug' 08 12750 12900 13076 13150 13275
book profit on buy abv 13070-75, for the day buy only abv 13150 S/L 13120 and T/p 13190/13225/13270/sustain above towards 13450 in coming days OR buy ard 12870-75 S/L 12860 and T/p 12925/ towards 13000 (any time close above 13140/13330/13510 bullish while close below 12750/12150/11920/11775/ 11375/11200 bearish for medium term)

Silver MCX Sep' 08 25000 25350 25624 25825 26150
for the day buy only abv 25800 S/L 25700 and T/p 25900/26075-26150/ uprally OR buy ard 25220-40 S/L 25200 and T/p 25350-425 upto 25550, sustain below 25150 down rally (any time close below 24725/23525/23075/21825 bearish rally while close above 26150/ 26900/28000 bullish for medium term)

Crude Oil MCX July' 08 5770 5830 5911 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 6168-70 S/L 6180 and T/p 6110-6070, as long resistance of 6040 & 6080 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
350 353.55
358

363

for the day sell below 350 S/L 351.5 and T/p 348.5/347/sustain below towards 341 atleast in coming days OR sell ard 360.2-360.5 S/L 361 and T/p 357.5/355 (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 12725 12900 13065 13125 13230 immediate suppt seen at 12900/12725/12600/ 12400/12150/12050/11925/11725/11510/ 11200 sustain close below 11200 bearish for medium term while direct rise above 13125/13230/13400/bullish for medium term

S1=First support S2=second support R1=first resistance and R2=second resistance
S/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