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| Discuss RE: MCX Calls for 31 July at the Metals within the Traderji.com - Discussion forum for Stocks Commodities & Forex; As forecasted in my previous post: 1.> Silver (Expiry - 5 Dec) contract has hit ... |
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#1
1st August 2007, 02:51 PM
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RE: MCX Calls for 31 July
As forecasted in my previous post:
1.> Silver (Expiry - 5 Dec) contract has hit a low of 17809 (today) which is near recommended target level of 17800. 2.> Crude Oil is steadily climbing from the low of Rs 3065 (on the day of recommendation) to 3125 currently. Hold positions. I re-emphasize our target of near 3200 levels. 3.> As for exporters/ importers, as recommended USD/INR is trading at 40.53 currently in line with our expectation of climbing higher. Happy Trading!! 
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#3
7th August 2007, 10:52 AM
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Re: MCX Calls for 31 July
Quote:
Today Silver - Sep expiry contract is trading near 17600 levels on MCX. Market is in doldrums these days, Sensex/ Dow Jones movements, Currency trend reversals daily (Yen, Euro & INR), Crude Oil falling from record highs to new lows, Copper sinking to 5-week low in 5 days etc. Based on all this, we are presented with contradicting views for market trends daily. So, as of today (strictly today), I see good hope for Gold-Silver rising. Based on past 100 years US history, Gold-Silver should fall. Although, past is not a sure indication of future. I suggest if you have a buy order in your portfolio for above 18000, which is not yet sold at a stop loss already; then you might as well make a stop loss now. Now that the risk is already taken, I suggest a stop loss at 17383. In future, please try to use stop losses for profitable trading! Standard recommendation is to use a 1:4 stop loss ratio. For example, if one buys silver at 20,000 for a target price of 21,000. So, stop loss = 1/4 (21000-20000)= 1/4 * 1000 = 250. Happy Trading! 
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#4
8th August 2007, 08:10 PM
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Re: MCX Calls for 31 July
Dear Sir,
Thanks a lot for your analysis and guidance. And of course, the silver had gone up on yesterday as you have correctly analysed. thanks and regards. Adultvish
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Re: MCX Calls for 31 July
