CLOSING COMMENTARY FOR SEPT 30 WEDNESDAY

Natural gas prices had a zig zag movement between

230 - 238. Prices have strong res of aorund 238

and only a close above looks bullish again. If prices

break below 230 and close could have negative

impact upto 223 - 220 levels.

Watch for 230 - 238 levels.

TECHNICALS FOR NYMEX TRADE FOR SEPT 30 2009

SEPT 30 WEDNESDAY

TRADING LEVELS FOR EVENING SESSION .

S1 RS 231.30 , S2 RS 229 , S3 RS 226.40

R1 RS 238 , R2 RS 240.60 , R3 RS 243

WAIT FOR CONFIRMATION.

MARKET ALERT ON SEPT 30 WEDNESDAY 5.15 PM IMT

MCX Oct Natural gas looks bullish above Rs 235.30 ,

it could test Rs 239 .40 , Support is seen below

Rs 233 .

UPDATES FOR SEPT 30 2009

SEPT 30 WEDNESDAY

TRADING LEVELS FOR MORNING SESSION .

S1 RS 235.30 , S2 RS 233.60 , S3 RS 230.70

R1 RS 240.10 , R2 RS 242.60 , R3 RS 245

WAIT FOR CONFIRMATION .

CLOSING COMMENTARY FOR SEPT 29 TUESDAY

Natural Gas prices initially had a correction and

went up on the same day. Prices looks bullish above

240 levels and test more highs. Prices have very

strong res of 240 and should be noted.

MARKET ALERT ON SEPT 29 TUESDAY 4.40 PM IST

MCX Oct Natural gas now has support at Rs 225,50 levels

Res can be seen at Rs 233.50

CMP Rs 229.70.

could test support .

UPDATES FOR SEPT 29 2009

SEPT 29 TUESDAY

TRADING LEVELS FOR MORNING SESSION .

S1 RS 228.60 , S2 RS 225.50 , S3 RS 222

R1 RS 233.60 , R2 RS 237 , R3 RS 240.60

WAIT FOR CONFIRMATION .

TECHNICALS FOR NYMEX TRADE FOR SEPT 28 2009

SEPT 28 MONDAY

TRADING LEVELS FOR EVENING SESSION .

S1 RS 235 , S2 RS 233.40 , S3 RS 230.60

R1 RS 240.30 , R2 RS 242.20 , R3 RS 245

WAIT FOR CONFIRMATION .

Aluminium prices dropped after it break its strong sup of

around 88.Prices came down till 86.60 levels. Very strong

sup seen around 86 - 86.50 levels. Below that could test

more lows till 84 - 82 levels. Overall looks weak

Natural gas prices tested sup of 180 and went up nearly

to 190 levels. Now trading range seen around 180 - 190

levels. Prices above 190 could be positive any way caution

advised on buying. 180 levels should be watched.

TECVHNICALS FOR NYMEX TRADE FOR SEPT 24 2009

SEPT 24 THURSDAY

TRADING LEVELS FOR EVENING SESSION .

S1 RS 183.20 , S2 RS 180.60 , S3 RS 178

R1 RS 187.30 , R2 RS 191 , R3 RS 193.20

WAIT FOR CONFIRMATION .

UPDATES FOPR SEPT 24 2009

SEPT 24 THURSDAY

TRADING LEVELS FOR MORNING SESSION .

S1 RS 185 , S2 RS 182.60 , S3 RS 180.20

R1 RS 189 , R2 RS 191.20 , R3 RS 193.60

WAIT FOR CONFIRMATION .

CLOSING COMMENTARY FOR SEPT 23 WEDNESDAY

Natural Gas prices went up sharply as we continuosly

telling it could go up. prices test 185 levels as

predicted. Prices broken strong res of 180 and could

test more highs till 190 - 195 levels above 180. Prices

looks firm and buy on dips advised. Strong sup seen

around 170 levels. A break below this could have some

correction.

Overall bullsih.

TECHNICALS FOR NYMEX TRADE FOR SEPT 23 2009

SE[T 23 WEDNESDAY

TRADING LEVELS FOR EVENING SESSION .

S1 RS 171 , S2 RS 169 , S3 RS 167.30

R1 RS 175.20 , R2 RS 177.60 , R3 RS 180 .20

WAIT FOR CONFIRMATION .

MARKET ALERT ON SEPT 23 WEDNESDAY 3.25 PM IST

MCX Sept Natural gas looks weak below Rs 173.70 ,

Res is seen above RS 175.70 ,

Support at Rs 170.70 .

UPDATES FOR SEPT 23 2009

SEPT 23 WEDNESDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 167 , S2 RS 164.60 , S3 RS 162

R1 RS 171.60 , R2 RS 174 , R3 RS 176.30

WAIT FOR CONIRMATION .

EXIT SELLS IN NATURAL GAS.

MCX SEPT NAT GAS UPDATE: HAS STRONG RES AT 180/MULTIPLE

LOT HOLDERS HAVING SELLS AS PER OUR CALL AT 176 TO 177

BOOK PART PROFITS UPTO 175/OTHERS HOLD FOR LEVELS GIVEN.

Sell Natural Gas betwn 176 - 177 SL above 180 T1 173

T1 169

CLOSING COMMENTARY FOR SEPT 18 FRIDAY

Natural gas prices trading around the high levels

between 170 - 180 with huge volatality. Prices looks

bullish above 170 and coudl test 185 - 190 levels.

Caution advised on buying as its highly volatile.

Overall looks firm and can buy at possible dips

for target of 200 again.

UPDATES ROR SEPT 18 2009

SEPT 18 FRIDAY

TRADING LEVELS FOR MORNING SESSION.

S1 RS 171 , S2 RS 168 , S3 RS 165

R1 RS 176.30 , R2 RS 179 , R3 RS 182

WAIT FOR CONFIRMATION .

CLOSING COMMENTARY FOR SEPT 17 THURSDAY

Natural Gas prices went up as expected and came down

may be due to inventories. Prices have strong sup of

around 172 - 170 levels. A positive close above these

levels could be again positive till 180 - 185 levels.

Need to watch for prices below 170 levels.

Natural Gas Inventory : Expected +74 BCF, Previous :

69 BCF. Actual will come at 8.00 PM.

TECHNICALS FOR SEPT 17

MCX SEPT NAT GAS

SUPP: 170.10/167.40/165

RES: 176.20/177/178.60

UPDATES FOR SEPT 16 2009

SEPT 16 WEDNESDAY

TRADING LEVELS FOR MORNING SESSION .

S1 RS 165.20 , S2 RS 162.50 , S3 RS 160

R1 RS 169.70 , R2 RS 173 , R3 RS 175.30

WAIT FOR CONFIRMATION .

CLOSING COMMENTARY FOR SEPT 15 TUESDAY

Natural gas as we saying continuosly buying it testing

all the upside prices. Prices above 165 tested 175

levels now prices could target 180 levels. Strong

sup seen around 165 - 160 levels.

UPDATES FOR SEPT 15 2009

SEPT 15 TUESDAY

TRADING LEVELS FOR MORNING SESSION .

S1 RS 156.30 , S2 RS 153.80 , S3 RS 150.60

R1 RS 162 , R2 RS 164.20 , R3 RS 168

WAIT FOR CONFIRMATION .

CLOSING COMMENTARY FOR SEPT 14 MONDAY

Natural Gas as expected weekly gain continuous its up

side trend. Prices went up sharply upto previous high

of 163 levels. 160 seems very strong level and a

positive close above these levels could be more positive

till 166 - 170 levels. A strong close above 165 levels

on weekly basis can see 180 - 185 levels.

UPDATES FOR SEPT 14 2009

SEPT 14 MONDAY

TRADING LEVELS FOR MORNING SESSION :

S1 RS 143 , S2 RS 141.20 , S3 RS 139

R1 RS 148.90 , R2 RS 152.30 , R3 RS 155.60

WAIT FOR CONFIRMATION .

technicals for sept 11

MCX SEPT NAT GAS

SUPP; 147.80/145.20/142.50

RES; 152.60/155.30/158

MARKET ALERT ON SEPT 10 THURSDAY 9.15 PM IST

Traders holding long as per our buy call given at

Rs 142 can book profits at CMP Rs 144.

MARKET ALERT ON SEPT 10 THURSDAY 8.40 PM IST

MCX Sept Natural gas now has support at Rs 138.90

and Res can be seen at Rs 145 levels

cmp Rs 142

could test Res .

MARKET ALERT ON SEPT 10 THURSDAY 8.00 PM IST

EIA natural gas storage change –

Exp -- >72B; Prior--> 65B;

Actual - -> 69 B .

EXP NAT GAS INVENTORY UP 73 BCF

UPDATES FOR SEPT 10 2009

SEPT 10 THURSDAY

TRADING LEVELS FOR MORNING SESSION .

S1 RS 139.50 , S2 RS 138.70 , S3 RS 135.50

R1 RS 141.20 , R2 RS 142 , R3 RS 145.30

WAIT FOR CONFIRMATION .

mkt alert at 10 am

buy sept nay has at 138.30 to 138.50. sl 137 tgt 141 to 143.

UPDATES FOR SEPT 9 2009

SEPT 9 WEDNESDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 135.35 , S2 RS 134.30 , S3 RS 130.60

R1 RS 137.25 , R2 RS 138.20 , R3 RS 142.00

WAIT FOR CONFIRMATION .

CLOSING COMMENTARY FOR SEPT 8 TUESDAY

Natural Gas prices seems highly volatile today

between 130 - 140 in a zig zag movement. Prices

above 135 looks firm till 140 - 145 levels. A break

and close below 130 could be negative for prices again

till 125 levels. Overall now range bound with high

volataltiy...Trade on confirmaion.

PROFITS AT 130.20 TO 130.50 ( SELL GIVEN AT 131.50 TO 132)/

OTHERS HOLD FOR LEVELS.

Sell Natural Gas Sep between 131.50 - 132 SL above

134 T1 128 T2 126 HIGH RISKCALL

CLOSING COMMENTARY FOR SEPT 7 MONDAY

Natural gas prices had a upside prof booking from

the low till 135 levels. Very strong res seen at

135 and prices unable to b reak the levels. Hope

prices turning again till 125 levels There buyng

coule come again for upside.

Wait for confirmation .

mkt alert at 2.45 pm sept 7

Buy Natural Gas above 136 SL below 133 T1 139 T2 142

UPDATES FOR SEPT 7 2009

SEPT 7 MONDAY

TRADING LEVELS FOR MORNING SESSION.

S1 RS 135.20 , S2 RS 134.60 , S3 RS 132.20

R1 RS 136.40 , R2 RS 137 , R3 RS 139.30

WAIT FOR CONFIRMATION .

EXIT LONGS IF ANY IN NAT GAS INTRADAY .

MKT ALERT AT 3.15 PM SEPT 4

MCX SEPT NAT GAS CMP 123 HAS SUPPORTS AT 120.80 AND CLD

TEST 125 TO 126.50 LEVELS.

US NATURAL GAS INVENTORY : EXPECTATION +67 MMBTU

VS +54 MMBTU DATA DUE OUT AT 8:00 PM TODAY...

UPDATES FOR SEPT 3 2009

SEPT 3 THURSDAY

S1 RS 134.30 , S2 RS 132 , S3 RS 130

R1 RS 138.60 , R2 RS 140.60 , R3 RS 143

WAIT FOR CONFIRMATION .

technicals for sept 2

mcx sept nat gas

supp; 138.60/135.20/132.30

res: 143.60/145.80/148

prefer sells at res

MARKET ALERT ON SEPT 1 TUESDAY 8.50 PM IST

MCX Sept Natural gas now has support at Rs 140.50 levels

and Res can be seen at Rs 145 levels

CMP Rs 142.70

Looks weak .

TECHNICALS FOR SEPT NAT GAS

SUPP;145.50/143/140.30

RES: 150.30/152.70/155

WAIT FOR CALLS