MARKET ALERT ON FEB 27 FRIDAY 8.40 PM IST

MCX March natural gas could test Rs 198 if

it sustains below Rs 205.

TECHNICALS FOR EVENING NYMEX TARDE FOR FEB 27 2009

FEB 27 FRIDAY

TRADING LEVELS FOR EVENING NYMEX TRADE

SHORT TERM TREND : BULLISH

LONG TERM TREND : BEARISH

S1 RS 205 , S2 RS 202 , S3 R S198

R1 RS 209 , R2 RS 211 , R3 RS 215

STAY LONG AT SUPPORT

UPDATE

TECHNICALS FOR FEB 27

MCX MARCH NAT GAS

TREND ; POSITIVE INTRADAY

SUPPORTS ; 205, 202, 198

RESISTANCES ; 208, 211, 215

HOLD LONGS FOR INTRADAY

UPDATES

TECHNICALS FOR NYMEX TRADING FEB 26

MCX MARCH NAT GAS

TREND ; SIDEWAYS

SUPPORTS ; 200, 203, 196

RESISTANCES ; 208, 211, 215

WAIT FOR FRESH ENTRY

UPDATE

MARKET ALERT AT 2 .15 PM

HIGH RISK TRADE

BUY NAT GAS 204.50 , TGTS 208.9, 210.6

213, 217, 221 SL 201 STRICTLY.

UPDATES

TECHNICALS FOR FEB 26

MCX MARCH NAT GAS


TREND ; SIDEWAYS

SUPPORTS :201, 198,195

RESISTANCES : 206, 209, 211


WIAT FOR FRESH CALL.

UPDATES

MARKET ALERT AT 10.45AM

MCX MARCH NAT GAS CMP 208,HAS SUPPORT

AT 204.80, AND LIKELY TO TEST 211.40, 213.30.

update

TECHNICALS FOR FEB 25

MCX MARCH NAT GAS

TREND : SIDEWAYS

SUPPORTS : 202, 200.30, 197

RESISTANCES : 207, 210, 213

WAIT FRO CONFIRMATION

TECHNICALS FOR EVENING NYMEX TRADE FOR FEB 24 2009

FEB 24 TUESDAY

TRADING LEVELS FOR EVENING NYMEX TRADE

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 201 , S2 RS 197 , S3 RS 194

R1 RS 205 , R2 RS 209 , R3 RS 213

STAY SHORT AT RESISTANCE.

market alert

Natural Gas Strong support seen at 195...

risky traders can buy below 200, with

SL below 195.. targeting 206, 212

UPDATE FOR FEB 24

A MOST LOOKED FORWARD EVENT TO NITE IN THE US

IS THE SPEECH BY PRESIDENT OBAMA AS TO HOW HE

PLANS TO TAKE STEPS TO REWAMP AND RESCUE THE ECONOMY.

THE MARKET WOULD TAKE NEXT DIRECTION AFTER THIS.

UPDATES ON FEB 24 2009

FEB 24 TUESDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 201 , S2 RS 197 , S3 RS 194

R1 RS 205 , R2 RS 209 , R3 RS 213

STAY SHORT AT RESISTANCE.

TECHNICALS FOR EVENING NYMEX TRADE FOR FEB 20 2009

FEB 20 FRIDAY

TRADING LEVELS FOR EVENING NYMEX TRADE

TREND : BEARISH

SUPPORT : 202 , 198.60 , 196

RESISTANCE : 208 , 212 , 216

REMAIN SHORT AT RESISTANCE.

UPDATES ON FEB 20 2009

FEB 20 FRIDAY

SHORT TERM TREND ; BEARISH

LONG TERM TREND : BEARISH

S1 RS 202 , S2 RS 198.60 , S3 RS 196

R1 RS 208 , R2 RS 21 , R3 RS 216

STAY SHORT AT RESISTANCE.

MARKET ALERT ON FEB 19 THURSDAY 9.05 PM

As forecasted esrlier target of RS 204 achieved.

Sell recommended at Rs 209.50.

update

MARKET ALERT AT 8.30 PM FEB 19

MCX MARCH NAT GAS : SELL AT 209, SL211

TGT204.

UPDATES ON FEB 19 2009

FEB 19 THURSDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 206 , S2 RS 205 , S3 RS 202

R1 R S210.30 , R2 RS 213 , R3 RS 216

STAY SHORT AT RESISTANCE.

UPDATES ON FEB 18 2009

FEB 18 WEDNESDAY

SHORT TERM TREND ; BEARISH

LONG TERM TREND : BEARISH

S1 RS 210 , S2 RS 208 , S3 RS 205

R1 RS 215 , R2 RS 218 , R3 RS 221

STAY SHORT AT RESISTANCE.

UPDATES

TECHNICALS FOR FEB 17

MCX MARCH NAT GAS

SHORTTERM : BEARISH

LONG TERM : BEARISH

SUPPORTS ; 210, 207.50, 205

RES : 215, 218, 221

UPDATES

TECHNICALS FOR FEB NAT GAS

SHORT TERM : BEARISH

LONG TERM : BEARISH

SUPPORTS ; 215, 212,208

RESISTANCES : 218, 222, 226

STAYSHORT AT RESISTANCES

UPDATE

TECHNICALS FOR NYMEX TRADING FEB 13

MCX FEB NAT GAS

SHORT TERM ; BEARISH

LONG TERM ; BEARISH

SUPPORTS ; 217, 215, 212

RESISTANCES : 221. 223.50, 226

STAY SHORT AT RESISTANCES

UPDATES ON FEB 13 2009

FEB 13 FRIDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 217 , S2 RS 215 , S3 RS 212

R1 RS 221 , R2 RS 223.50 , R3 RS 226

STAY SHORT AT RESISTANCE.

UPDATES

TECHNICALS FOR NYMEX TRADING FEB 12

MCX FEB NAT GAS

SHORT TERM ;BEARISH

LONG TERM ; BEARISH

SUPPORTS ; 221, 218, 213

RESISTANCES : 225, 229, 234

STAY SHORT AT RESISTANCES

UPDATE

TECHNICALLS FOR FEB 12

MCX FEB NAT GAS

SHORT TERM ; BEARISH

LONG TERM :BEARISH

SUPPORTS ; 222,219, 216

RESISTANCES ; 228, 231, 234

STAY SHORT AT RESISTANCES

UPDATES

TECHNICALS FOR NYMEX TRADING FEB 11

MCX FEB NAT GAS

SHORT TERM BEARISH

LONG TERM BEARISH

SUPPORTS 220, 216, 213

RESISTANCES 224, 228, 231

SELL AT RESISTANCES

UPDATES

TECHNICAL FOR FEB11

MCX FEB NAT GAS

SHORT TERM : BEARISH

LONG TERM : BEARISH

SUPPORTS :224,221, 218

RESISTANCES : 230, 233,236

STAY SHORT AT RESISTANCES

UPDATE

MARKETALERT AT10.30 AM FEB 10

MCX FEB NAT GAS IS BULLISH ABOBE RS.236

FOR A TARGET RS.245 TO 250,WITH SUPPORT

AT RS. 230. CMP RS, 232.

UPDATES

TECHNICALS FOR FEB 10

MCX FEB NAT GAS

SHORT TERM ;SIDEWAYS

LONG TERM : BEARISH

SUPPORTS :230, 226, 222

RESISTANCES :234, 237,240

WAIT FOR CONFIRMATION

UPDATES ON FEB 9 2009

FEB 9 MONDAY

SHORT TERM TREND : BULLISH

LONG TERM TREND : BEARISH

S1 RS 235 , S2 RS 231 , S3 RS 228

R1 RS 239 , R2 RS 242 , R3 RS 246

STAY LONG AT SUPPORT.

WEEKLY WRAP FOR FEB 8 2009

FEB 8 2009

Natural gas price closed firm in yesterdays session.

Economic data co ntinues to be bearish and indicate recession

which will lead to a lower industrial demand .

US and Europe industrial demand has declined in the recent

past and set to decline further.

DOE inventory data was released .Data was 195 bcf and it was just

what was expected.

Mean while colder weayher in the US might support prices.

With ample stocks available and declining crude prices

seems it difficult for natural gas to sustain at current

prices.

Inventory is higher than last year and the demand is also

going to decline because of recessionary conditions.

We remain bearish on this commodity.

Price of natural gas can test $ 4 in the coming session.

It could test Rs 200 to 210 in MCX Feb contract.

MARKET ALERT ON FEB 6 FRIDAY 7.10 PM

MCX Feb Natural gas is expected to test Rs 218

if it sustains below Rs 227.

CMP Rs 223.80

UPDATES

TECHNICALS FOR FEB 6

MCX FEB NAT GAS

SHORT TERM : SIDEWAYS

LONG TERM : BEARISH

SUPPORTS : 228, 224, 220

RESISTANCES ; 231,234,238

STAYLONG AT SUPPORTS

UPDATES

TECHNICALS FOR NYMEX TRADING FEB 5

MCX FEB NAT GAS

SHORT TERM ; SIDEWAYS

LONG TERM ; BEARISH

SUPPORTS ; 225, 221, 218

RESISTANCES ; 229, 232, 235


STAY LONG AT SUPPORTS

UPDATES

TECHNICALS FOR FEB 5

MCX FEB NAT GAS

SHORT TERM ; SIDEWAYS

LONG TERM : BEARISH

SUPPORTS ; 225, 221, 218

RESISTANCES ; 229, 232, 235

WAIT FOR CONFIRMATION

UPDATES

TECHNICALS FOR NYMEX TRADING FEB 4

MCX FEB NAT GAS

SHORT TERM ; BEARISH

LONG TERM ; BEARIS

SUPPORTS ; 219, 216, 211

RESISTANCES ; 223, 226, 230

STAY SHORT AT RESISTANCES

UPDATES

TECHNICALS FOR FEB 4

MCX FEB NATGAS

SHORT TERM :BEARISH

LONG TERM : BEARISH

SUPPORTS :214, 211, 208

RESISTANCES ; 219, 223,226

STAY SHORT AT RESISTANCES

UPDATES

TECHNICALS FOR NYMEX TRADING FEB 3

MCX FEB NAT GAS

TREND ; SHORT RUN ; DOWN TREND

MEDIUM RUN ; DOWN TREND


SUPPORTS ; 221, 218, 214

RESISTANCES ; 227, 230, 235

WAIT FOR CONFIRMATION

UPDATE

TECHNICALS FOR FEB 3

MCX FEB NAT GAS

SHORT TERM ; BEARISH

LONG TERM : BEARISH

SUPPORTS : 221, 217,213

RESISTANCES : 227, 232, 236

WAIT FOR CONFIRMATION

UPDATES

TCHNICALS FOR NYMEX TRADING FEB 2

MCX FEB NAT GAS

SHORT TERM ; BEARISH

LONG TERM : BEARISH

SUPPORTS ; 210, 206, 203

RESISTANCES ; 215, 218, 222

STAY SHORT AT RESISTANCES

UPDATES

TECHNICALS FOR FEB 2

MCX FEB NAT GAS

SHORT TERM ; BEARISH

LONG TERM;BEARISH

SUPPORTS ; 215, 212, 208

RESISTANCES : 220, 223, 226

STAY SHORT AT RESISTANCES