MCX Tips By 24-02-2011
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Transcript of MCX Tips By 24-02-2011
Daily Newsletter24/02/2011
Daily Newsletter-Commodity
www.capitalheight.com
www.capitalheight.com
www.capitalheight.com
Phone- (0731)4295950
MARKET WRAP
Gold rises above $1,410/oz
Copper dips as unrest spurs inflation worries
Base metals down second consecutive day
Crude oil climbs above $99 on Libya unrest
25 percent of Libyan oil output shut
Gold topped $1,400 an ounce in Europe on Wednesday as tensions in Libya increased
interest in the metal as a haven from risk and the dollar fell, but gains were limited by
concerns its run higher may have been overdone. Copper prices fell to their lowest
levels in nearly a month on Wednesday as worries over unrest in North Africa boosted
oil prices.
ECONOMIC CALENDAR
Date Time Currency Economic Data Forecast Previous
Thu Feb 24
12:00am USD FOMC Member Plosser Speaks
12:30pm EUR German Final GDP q/q 0.4% 0.4%
7:00pm USD Core Durable Goods Orders m/m 0.4% 0.8%
7:00pm USD Unemployment Claims 403K 410K
7:00pm USD Durable Goods Orders m/m 2.5% -2.3%
8:30pm USD New Home Sales 330K 329K
8:30pm USD OFHEO HPI m/m -0.2% 0.0%
9:00pm USD Natural Gas Storage -73B -233B
9:30pm USD Crude Oil Inventories 1.1M 0.9M
TECHNICAL
GOLD(APR)
COPPER(FEB)
NATURALGAS(FEB)
ZINC(FEB)
• Consolidate
• Buy on dips
Trend
Strategy• R2 -21120
• R1 -20980Resistance
• S1 -20780
• S2 -20650support
• Consolidate
• Sell on high
Trend
Strategy
• R2 - 441
• R1 - 433Resistance
• S1 - 423
• S2 - 415support
• 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 - 110.2
•S2 - 107.5support
ECHNICAL VIEW
SILVER(MAR
CRUDE(MAR
LEAD(FEB)
NICKEL(FEB
• Bullish
• Buy on dips
Trend
Strategy
• R2 - 51850
• R1 - 50850Resistance
• S1 - 49750
• S2 - 48800support
• Consolidate
• Buy on dips
Trend
Strategy• R2 - 4650
• R1 - 4560Resistance
• S1 - 4420
• S2 - 4340support
• Consolidate
• Sell on high
Trend
Strategy• R2 - 120.8
• R1 - 116.6Resistance
• S1 - 113.5
•S2 - 109.8support
• Bullish
• Buy on dips
Trend
Strategy
•R2 - 1335
•R1 - 1311Resistance
•S1 - 1266
•S2 - 1233support
www.capitalheight.com
Phone- (0731)4295950
MAR)
CRUDE(MAR)
NICKEL(FEB)
Buy on dips
51850
50850
49750
48800
Consolidate
Buy on dips
4650
4560
4420
4340
Consolidate
Sell on high
120.8
116.6
113.5
109.8
Buy on dips
1335
1311
1266
1233
ALUMINIUM(FEB)
Disclaimer
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.
them the most.
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
provide individually tailor-made investment advice. Capitalhe
particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Capitalheight shal
not be responsible for any transaction conducted based on the information g
and regulations of MCX and NCDEX.
The metals price projections shown are not necessarily indicative of future price performance. The information herein,
together with all estimates and forecasts, can chan
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 r
can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer.
All Rights Reserved.
Investment in Commodity and equity market has its ow
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 - 113.6Resistance
•S1 - 111.2
•S2 - 108.6support
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 suits
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.
rial 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 shal
not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules
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 anyone
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
whatsoever for any financial profits or loss which may arise from the recommendations above. Capitalheight
rt to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or
anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone
received directly or indirectly by them. If found so then Serious Legal Actions can be taken.
www.capitalheight.com
Phone- (0731)4295950
The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not
Users have the right to choose the product/s that suits
Sincere efforts have been made to present the right investment perspective. The information contained herein is based on
The information given herein should be treated as only factor, while making investment decision. The report does not
ight recommends that investors independently evaluate
particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Capitalheight shall
iven in this report, which is in violation of rules
price projections shown are not necessarily indicative of future price performance. The information herein,
Capitalheight might be
holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at
ecommendation for which either the site or its owners or anyone
can be held responsible for . Any surfing and reading of the information 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
anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone