MCX Tips By 23-02-2011

Daily Newsletter23/02/2011

Daily Newsletter-Commodity

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MARKET WRAP

Copper down as Libya tensions

Euro cuts losses against dollar

U.S. consumer confidence at 3-yr high

Gold steadied above $1,400 an ounce on Tuesday

US crude at 2-1/2 year high

Base metals fell on Tuesday, with copper at a three-week low as worries about unrest in

North Africa and the Middle East knocked risk appetite and a higher dollar deterred non-

U.S. investors. The euro extended gains against the dollar as hawkish comments from

European Central Bank officials increased euro zone rate hike expectations. Gold

steadied above $1,400 an ounce on Tuesday as violence in North Africa fuelled interest

in the metal as a haven from risk, though its rise was limited as some investors cashed

in some of the previous session's gains. U.S. crude oil reached a 2-1/2 year high on

Tuesday on concerns the revolt in Libya could spread to other major oil producers

ECONOMIC CALENDAR

Date Time Currency Economic Data Forecast Previous

Wed Feb 23

12:00pm EUR French CPI m/m -0.1% 0.5%

3:30pm EUR Industrial New Orders m/m -0.8% 2.1%

8:30pm USD Existing Home Sales 5.27M 5.28M

10:30pm EUR ECB President Trichet Speaks

10:45pm EUR Buba President Weber Speaks

TECHNICAL

GOLD(APR)

COPPER(FEB)

NATURALGAS(FEB)

ZINC(FEB)

• Consolidate

• Buy on dips

Trend

Strategy• R2 -21120

• R1 -20860Resistance

• S1 -20580

• S2 -20250support

• Consolidate

• Sell on high

Trend

Strategy

• R2 - 451

• R1 - 443Resistance

• S1 - 429

• S2 - 421support

• Consolidate

• Sell on high

Trend

Strategy

•R2 - 187

•R1 - 179Resistance

•S1 - 169

•S2 - 161support

• Consolidate

• Buy on dips

Trend

Strategy

•R2 - 116.5

•R1 - 113.8Resistance

•S1 - 110.8

•S2 - 117.5support

ECHNICAL VIEW

SILVER(MAR

CRUDE(MAR

LEAD(FEB)

NICKEL(FEB

• Bullish

• Buy on dips

Trend

Strategy

• R2 - 50850


• S1 - 48350

• S2 - 47500support

• Consolidate

• Buy on dips

Trend

Strategy• R2 - 4460


• S1 - 4250

• S2 - 4170support

• Consolidate

• Sell on high

Trend

Strategy• R2 - 120.8

• R1 - 118.3Resistance

• S1 - 115.5


• Bullish

• Buy on dips

Trend

Strategy

•R2 - 1355

•R1 - 1328Resistance

•S1 - 1287

•S2 - 1265support


[email protected]

Phone- (0731)4295950

MAR)

CRUDE(MAR)

NICKEL(FEB)

Buy on dips

50850

49950

48350

47500

Consolidate

Buy on dips

4460

4370

4250

4170

Consolidate

Sell on high

120.8

118.3

115.5

111.8

Buy on dips

1355

1328

1287

1265

ALUMINIUM(FEB)

Disclaimer

The information and views in this report, our website & all the service we provide are

accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that sui

them the most.

Sincere efforts have been made to present the right investment perspectiv

analysis and up on sources that we consider reliable.

This material is for personal information and based upon it & takes no responsibility

The information given herein should be treated as only factor, whi

provide individually tailor-made investment advice. Capitalheight recommends that investors independently evaluate

particular investments and strategies, and encourages investors to seek the advice of a fi

not be responsible for any transaction conducted based on the information given in this report, which is in violation of rule

and regulations of MCX and NCDEX.

The metals price projections shown are not necessarily ind

together with all estimates and forecasts, can change without notice. Analyst or any person related to

holding positions in the stocks recommended. It is understood that an

his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyon

can be held responsible for . Any surfing and reading of the information

All Rights Reserved.

Investment in Commodity and equity market has its own risks.

We, however, do not vouch for the accuracy or the completeness thereof.

whatsoever for any financial profits or loss which may arise from the recommendations above.

purport to be an invitation or an offer to buy or sell any financial instrument.

anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone

which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.

• Consolidate

• Sell on high

Trend

Strategy

•R2 - 116.5

•R1 - 114.3Resistance

•S1 - 112.2


The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not

accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that sui

Sincere efforts have been made to present the right investment perspective. The information contained herein is based on

analysis and up on sources that we consider reliable.

This material is for personal information and based upon it & takes no responsibility

The information given herein should be treated as only factor, while making investment decision. The report does not

made investment advice. Capitalheight recommends that investors independently evaluate

particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Capitalheight shall

not be responsible for any transaction conducted based on the information given in this report, which is in violation of rule

price projections shown are not necessarily indicative of future price performance. The information herein,

together with all estimates and forecasts, can change without notice. Analyst or any person related to Capitalheight

holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at

his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyon

can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer.

Investment in Commodity and equity market has its own risks.

We, however, do not vouch for the accuracy or the completeness thereof. we are not responsible for any loss incurred

ny financial profits or loss which may arise from the recommendations above. Capitalheight

purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or

rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone

which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.


[email protected]

Phone- (0731)4295950

believed to be reliable, but we do not

accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits

e. The information contained herein is based on

le making investment decision. The report does not

made investment advice. Capitalheight recommends that investors independently evaluate

nancial adviser. Capitalheight shall

not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules

icative of future price performance. The information herein,

Capitalheight might be

yone who is browsing through the site has done so at

his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone

is the acceptance of this disclaimer.

we are not responsible for any loss incurred

Capitalheight does not

Our Clients (Paid Or Unpaid), Any third party or

rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone

MCX Tips By 23-02-2011

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