Metals - Gold, Silver, Copper & Steel

Ashish Gupta · #1 20th March 2006, 05:45 PM

Dear All,

Apart from Gold & Silver, Copper and Steel also offer good trading opportunity and returns.

Presently Copper is looking quite bullish. I advise a buy on dips.

Trading Strategy :

MCX : Copper (April) : Buy at dips towards 224 - 225 .

Target 1 at 232, Tgt 2 at 237 & tgt 3 at 240.

S/loss at 220.50

hardikbarchha · #2 20th March 2006, 11:32 PM

Hi,
I appreciate you spot out Copper for Buy on Dips..
But if you could please mention the Contact which you are suggesting to Buy on Dips.. Jun-06, or Aug-06. Plz specify..
Coz as I see the Bhav Copy of AugContract, Todays closing rate was 223.65, which is under the price target mentioned by you..
so, plz specify the contract which you are suggesting to buy on dips..
thanx..
waiting for your prompt reply..

kaushal · #3 21st March 2006, 01:26 PM

Hi
I agree both of them,mcx copper has good resistance level at 231.50, being the copper has declined from records in London and New York on sales by producers locking in high prices.
Stockpiles monitored by the LME fell 400 tons, or 0.3 percent, to 131,050 tons today. Inventories have dropped for three consecutive sessions and are equal to less than three days of global consumption.

Buy Mcx Copper April 226 T1:229 T2:231,238 SL:223

Ashish Gupta · #4 22nd March 2006, 01:06 PM

Trade in most active contract i.e, April 2006.

By the way, i had already mentioned that in the trading call.

Ashish Gupta · #5 24th March 2006, 05:18 PM

MCX Copper April met its First target of 232, just inches away from its second tgt of 237.

Tgt 3 at 240 also hold good. Any breakout from the resistance of 236 would lead to the third target.

Ashish Gupta · #6 24th March 2006, 05:23 PM

MCX is launching ZINC from Monday, March 27th, 2006.

Being an industrial metal, it should draw interest of the investing community.

Some important facts to be considered about ZINC futures trading at MCX:

Symbol - ZINC

Quotation - Rs. / kg

Trading Unit - 5000 kg

Tick - 5 paise

Profit / Loss per Rupee movement - Rs. 5000/-

Price Limit - 4 % followed by a further 2 %

Looking forward for the Commodity IPO of ZINC...................

Happy Trading

KishoreBG · #7 22nd April 2006, 11:52 AM

I purchased 1 lot of Copper (June futures ) at 302.05 on 20th Apr and then sold it on 22nd Apr. I have been told by my broker to reenter into copper at level less than 310. They say Copper is very bullish and can touch 335 within a week. Will this be a good move..

Seniors please comment..

KishoreBG · #8 22nd April 2006, 12:03 PM

I purchased 1 lot of Copper (June futures ) at 302.05 on 20th Apr and then sold it on 22nd Apr at 320.

Can i purchase Zinc below 160 levels....this is the other commodity thats very bullish.

Seniors please comment..

pdsr_s · #9 12th May 2006, 12:43 PM

Gold targer 13000 1 month
silver 25000 1 month

why r u waiting go and buy

deepakmashru · #10 13th May 2006, 08:49 PM

Hi Everyone !

Agreed Gold is very bullish. Still, dont you think its overdue for a immediate correction?
We could see on Monday (15-05-06) around $ 702. Let me have your views.
Thank You and Regards-Deepak

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