Thursday, 5 September 2013

CNBC AWAAZ COMMODITY TIPS 05 Sept

Evening Calls  

Copper  ( Nov )           :  Cmp   484.90         :     High   487.50          : Low  477.20        02:31 pm
Buy  at   481               :    Sl       476             :      Target  490        ( India Infoline )
Closed at 483.70
Profit - Rs.2700     

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Mid- Day Calls by Edelweiss

Crude( Mar )               :  Cmp  7202              :   High 7219              : Low 7079            02:41  pm
Sell  at  7200             :      Sl     7300              :   Target 7000             ( Edeilweis  )
9 th Sept will decide the Attack on Syria
Closed at 7201  
Loss - 100 Rs.
Copper  ( Nov )           :  Cmp   484.90         :     High   487.50          : Low  477.20        02:31 pm
Sell  at   485               :    Sl       491             :      Target  475           Closed at  483.70 
Profit  -  1300


Nickel  ( Mar )             : Cmp  913                     High   916.90           : Low  899            02:47 pm
Sell  at   915              :     Sl       930                    Target  880           Closed at 919.30
Loss  - Rs. 1150        

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OPENING MARKET CALLS by Moneylicious Capital 

Gold  ( Oct )              :  Cmp 32640             :   High  32785            : Low 32215          02:26  pm
Sell  at 32500           :      Sl   32900            :    Target 31800            Closed at 32218
Profit  - Rs.28200

Copper  ( Nov )           :  Cmp   484.90         :  High   487.50          : Low  477.20        02:31 pm
Sell  at   485               :    Sl       494             :   Target  472              Closed at 483.70
Profit  - 1300
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View on Bullions : ( Nirmal Bang Commodities )

 Gold and Silver are adsvised to be sell on rallies and dont buy now .No spike is sustained
On 18th & 19 th Sep US Federal reserve will paper their Bond purchase program. Considering that NO BUYING SHOULD BE INITIATED IN GOLD AND SILVER . Rumour in the market is that till Diwali gold will reach 40,000 and so on. Dont get trapped in these news. On the other hand , if you have buy positions in bullions then exit on spikes . Gold outlook looks bearish .

Tomorrow non - farm payroll data .
If data comes positive then heavy selling pressure can be seen in Bullions.
Silver view to Sell around 55,000 for target of 48000 ( 3 months time )

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