Commodity Report: MCX Gold, Silver, Guinea, Oil, Mentha Oil, CPO, Castor Seed and more

MCX Silver and Gold have been rising in current weeks. The stock market and commodities have been rising recently in anticipation of a move by the Fed. The economy is still struggling plus most feel this shell game will maintain for a long time. If you watch the stock market, you can see a pattern of a slowly churning higher market. It is almost a 45 degree angle higher climb with a very tight range. This is point that the market will continue higher and you don’t want to fight it. The big players are controlling the market and they know what they’re doing. Crude oil could easily churn higher to the $100 level in the near future. Until sentiment in the market changes, you want to go with the flow. The stock market is the main indicator and the oil market will follow along.

mcx-gold-guinea

Anyway, today I think MCX Gold and Gold Guinea both looking upside. Intraday traders have must eye on Guinea. It’ll kiss 24078-24101. What about Gold? I’ll write soon.

mcx mentha oil

I see good opportunity for small traders in Mentha Oil. Yep, yesterday our subscribers minted money from it but today I think to pass for everyone. Remember, it small piece is unsafe. Targets: 1348-1356

mcx cpo

From past 2 months, MCX CPO is jumping like monkey and everyone know monkey is monkey. That’s why I’m not going to write more about it. Targets: 556.5-558

ncdex-castor-seed-oil

Lion Heart traders, open you heart now and Go with NCDEX Castor Seed flow. Targets: 4345-4366-4382

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Share Tips Updated on 16-08-2012 at 08.30 am

Cairn India

Godd support at 325-327

Crossover 331 with volumes see

blast up to 335-338

Container corp (CONCOR)

Buy around 938-943

Stoploss below 932.

Expect Target= 976-992

Recommended to remain long in

Reliance Ind,Reliance Infra, LT, Ster, REC,PFC,

Kotak Bank, HDFC, HDfc Bank,

cGrasim, Ambuja cement, JIndal steel,Dabur,

Yesterday we said:

to buy LT at 1437

and in minutes it touched 1454.

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Larsen & Toubro updated at 02.30 pm

LT has achieved target of 1454.

Bought at 1437 with stoploss =1431

Still looking bullish and if closes above 1459

for two days then expect 1469-1476

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Share Tips Updated on 14-08-2012 at 08.20 am

Jindal Steel & Power

401-397 strong support zone

2 close above 413 may drive it

to 432-434 levels.

Dabur

Good support at 119-121.

3 close above 123 then expect 128-130.

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We recommended to buy Reliance and Maruti yesterday during last half an hour and see the Result

Yesterday during  last half an hour we bought

Reliance at 778 with sl below 774

for target =792

Maruti at 1145 for target = 1158-1165

with sl below 1140

Now see the Result

Market is sideways and…

Reliance formed high at 788

whereas Maruti Achieved both it target

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Share Tips Updated on 09-08-12 at 08.40 am

ICICI Bank

No worry above 944 for bulls

949-952 intraday support

Crossover 964 will drive it to 968-971.

Target=984

Sterlite Ind

Above 103 bullish

crossover 108 will add more strength.

and touch 111-112

Yesterday we booked nice and hefty

intraday profit in

Reliance Capital, Rel Infra, Nifty Fut (Positional)

Long counters: REC, PFC, Ster, ICICI Bank,

Rel Capital,REl Infra, Siemens, HDFC Bank,

Ambuja, HDfc Ltd.

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