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Monday, December 6, 2010

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BSE index: (19967) Consider for this week...20085 a nearest hurdle crossover above which it'll spurt up further to 20186 & 20246-20275 initially. Crossover above 20275 it'll surge up to 20376-20439, book profit into buys around 20376-20439 & go short keeping stop loss of 20439 on a closing basis.
Downward side 19804 a crucial support break below which it'll fall down to 19663-19625 & 19542-19520. In any worst scenario a close below 19520 it'll fall down suddenly to 19100, buy in panic keeping stop loss of 18954.

Nifty DEC Future: (6017) 6039-6054 crucial hurdles to watch out for. Crossover above 6054 it'll spurt up to 6091 & 6139, book profit in to your buys on higher levels & go short keeping stop loss of 6158.
Downward side 5972 & 5956 crucial supports. Break below 5956 it'll fall down to 5932, 5905 & 5883-5863. In any worst scenario a close below 5863 it'll fall down to 5690.
Upward side above 6158 decisive up move towards new high will start.
TATA MOTORS: (1315) 1350 & 1382 crucial resistance.
Crossover above 1382 only it'll sustain on higher levels & spurt up to 1458.
HERO HONDA: (1833) 1876-1889 & 1920 solid resistances where selling will be seen.

GE SHIP:
(366) Keep stop loss of 355 & buy.

ABG SHIP:
(432) 462 a most crucial hurdle closing above which it'll spurt up heavily to 487 & 512.

EXIDE:
(170) A close above 175 it'll spurt up heavily to 193 & 203.

ESCORTS:
(188) 180 a crucial support closing below which it'll fall down to 160.

JET AIR:
(829) Sell considering 842-846 & 864 solid resistances. Break below 804 high unwinding will be seen.

Regards,


Monday, November 29, 2010

Commodity trading tiips

China's iron ore reserves estimated at more than 200 million tons

China has found 112 potential iron ore prospecting areas that are believed to house over 200 billion tons of
iron ore reserves, according to a report on mineral resource surveys in 2009 issued by the China Geological
Survey under the Ministry of Land and Resources. The report shows that there are two potential prospecting
areas each with over 10 billion tons of iron ore reserves, two areas with 5 billion to 10 billion tons, two areas
with 3 billion to 5 billion tons and 16 areas with 1 billion to 3 billion tons.

Regards,

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