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Monday, August 17, 2009

TECHNICALS FOR AUGUST 17

MCX AUG NAT GAS

SUPP: 158/156/154.30

RES: 164.30/166/168.30

WAIT FOR SHORTS

4 comments:

Anonymous said...

sir, can we expect any short covering before this contract ends ? the price diff between both the contracts -aug n sept is increasing i have 5 lots at an average of 208 where should i book loss? please advice

akshaya said...

ATTENTION MR WILLIAM
Immediete support seen at Rs 152 since overall generl sentiment is bearish both equties and commdities chances of a major come back remote as time very limited.
AKSHAYA

Anonymous said...

so what prices can i expect say around 180 before contract end

akshaya said...

williams, tough call to make contract close rate, but now support is 153 and res 160 to 165 at this time.
akshaya