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Monday, February 2, 2009

UPDATE

MARKET ALERT

MCX MARCH SILVER : EXITS SHORTS AND

WAIT FOR FRESH CALL.

11 comments:

sunny said...

waiting silver to come below 19k is it possible today ?
after opening american mkt?

akshaya said...

ATTENTION MR SUNNY

MCX March Silver has initial suppot at Rs 19580 and then at Rs 19480.
Once these levels are broken you can see some downdside.
AKSHAYA.

raj said...

what is the closeing of copper today should i enter @long position

akshaya said...

RAJ,

COPPER NOW AROUND RS. 156, IS PECTED TO TEST RS. 153.50 TODAY AND RESISTANCE RS.159.6.
WE STILL FEEL THAT YOU GO LONG AT LOWER LEVELS OR IF CUTD RS. 160 AND HOLDS. WILL GIVE CALL ONCE ANY CONFIRMATION IS RECEIVED BUT AS OF NOW SEEMS BEARISH ONLY.
AKSHAYA

akshaya said...

RAJ,
YOUR QUERY ON SILVER, SEEMS BULLISH ONLY.YOU MAY GO LONG AS CLOSE TO A STOP OF RS. 19660 LEVELS,FOR FIRST TARGET RS. 19880.
AKSHAYA

akshaya said...

SUNNY,

SILVER SEEMS TO BE IN BULLISH MODE ONLY, AND CURRENT SUPPORT AT RS. 19660.IT DOES NOT SEEM TO BE MAKING ANY BIG DOWN CORRECTION TODAY.
AKSHAYA

akshaya said...

RAJ

YOUR QUERY ON COPPER, IT SEEMS AS YOU MENTIONED IT IS CONSOLIDATING AND UNABLE TO BREAK DOWN, HOWEVER CRUCIAL RESISTANCES AROUND RS. 159.60 IS THERE AND IF CUTS THESE LEVELS AND HOLDS ABOVE RS.160 ONLY CAN BUY CALLS BE INITIATED.
AKSHAYA

Anonymous said...

long or short at 19800?

akshaya said...

JUNAID

GOOD EVENING, SILVER SEEMS VERY RANGE BOUND AND CURRENT IMMEDIATE SUPPORT IS AT RS. 19660 AND RESISTANCE AT RS. 19890. BETER TO BE ON BUY SIDE AT LOWER LEVELS.
AKSHAYA

Anonymous said...

Hi, Good evening akshaya.I have short on Feb silver, can i go long on April silver to hedge

akshaya said...

juaid,
wait for a better price to go long at lower level.
akshaya