CLOSING COMMENTARY FOR JULY 31 FRIDAY

Natural Gas prices seems zig zag movement for the

past three days. Prices trading between its tight

range between 172 - 182. Either break and close

could decide further trend. Traders can enter on

either break. Below 171 prices could test 165 -

160 again.

Caution advised.

MCX AUG NAT GAS IS STRONG IF HOLDS ABV 180.40

AND CLD TEST 182.40/184 LEVELS, SUPPORT SEEN BELOW 178, ( LEVELS ).

CLOSING COMMENTARY FOR JULY 29 THURSDAY

Natural gas prices recovered from its strong sup of

170. Prices went up due to inventories after a two

days down trend. Prices could test 182 - 185 levels

above 178 levels .Strong sup seen around 175 - 172 -

170.

Wait for confirmation.

MARKET ALERT ON JULY 29 THURSDAY 8.10 PM ST

MCX Aug Natural gas now has support at Rs 171.50

and Res can be seen at Rs 178.50

CMP Rs 175

could test Res.

Update: US N.Gas Storage Data: Act:+71Bcf (Exp:+73 Bcf, Prv:+63 Bcf)

MARKET ALERT ON JULY 29 THURSDAY 6.45 PM IST

MCX Aug Natural Gas traders holding multiple lots

book profits up to Rs 171.50.

Sell Natural Gas Aug below 173 SL above 175.50 T1 170 T2 166

NATURAL GAS STORAGE AT 8.00PM: EXP: 71B PREV: 66B.

TECHNICALS FOR JULY 30

MCX AUG NAT GAS

SUPP: 169.80/168/166.30

RES: 173.80/175.30/177.60

WAIT FOR CALLS

CLOSING COMMENTARY FOR JULY 29 WEDNESDAY

Natural Gas as expected came down below its strong sup

of 180 - 175. Prices can take strong sup around 170

and below that could test 165 - 160 also. A close

below 170 is more bearish on weekly basis. A minor

pull back can be expected.

MKT ALERT AT 8.30 PM JULY 29

MCX AUG NAT GAS : TRADERS HOLDING SELLS AS PER

OUR CALL AT 177.50, APPROACHING T1 AT 174, CMP 174.30,

HOLD FOR T2.

MCX AUGUST NAT GAS ; TRADERS HOLDING SELLS AT 177.50

BOOK FURTHER PROFITS UP 175.20 LOW 175.20.

MKT ALERT AT 2.30 PM JULY 29

High Risk - Sell Natural Gas below 177.50

SL above 179.50 T1 174 T2 172

UPDATES FOR JULY 29 2009

JULY 29 WEDNESDAY

S1 RS 175 , S2 RS 172.60, S3 RS 170.30

R1 RS 179.60 , R2 RS 181.30 , R3 RS 183.50

WAIT FOR CONFIRMATION.

CLOSING COMMENTARY FOR JULY 28 TUESDAY 10.15 PM IST

Natural Gas seems bit weak after it unable to break

186 lvels. Selling came around these prices.

A close below 183 levels could take it again to

170 mark on weekly basis. RSI seems in middle indicates

prices neither over bought nor over sold.

Sell on rise advised.

MKT ALERT AT 3.15 PM JULY 28

Buy Mcx Aug N.Gas at 185.60 - 185 SLelow: 183 TGT: 189

UPDATES

TECHNICALS FOR JULY 28

MCX AUGUST NAT.GAS

SUPP: 181.30/179.60/177

RES: 186.70/188/190.60

WAIT FOR CONFIRMATION

CLOSING COMMENTARY FOR JULY 27 MONDAY

Natural Gas prices have a mixed trend. Prices seen

betwen 186 - 180 levels. Strong res is at 186 and

supports seen around 180 - 175.

Buy on dips advised.

MARKET ALERT ON JULY 27 MONDAY 8.15 PM IST

MCX Aug Natural gas is weak below Rs 182.50 and could

test Rs 180/ 179 levels , Res is seen above Rs 185.50.

Traders can sell with these levels .

TECHNICALS FOR AUGUST NAT GAS

MCX AUG NAT GAS

SUPP: 183.60/181.30/179.60

RES: 188.30/190/192.20

WAIT FOR CONFIRMATION

MARKET ALERT ON JULY 24 FRIDAY 4.15 PM IST

MCX Aug Natural gas looks weak below Rs 182 ,

it could test Rs 180 ,

Res is seen above Rs 184.

UPDATES

TECHNICALS FOR JULY 24

MCX AUGUST NAT GAS

SUPP: 179.40/176.50/174

RES: 183.60/185.60/188

WAIT FOR CALLS

TECHNICALS FOR NYMEX TRADE FOR JULY 23 2009

JULY 23 THURSDAY

TRADING LEVELS FOR NYMEX TRADE

S1 RS 192.60 , S2 RS 190 , S3 RS 188

R1 RS 197.50 , R2 RS 200.60 , R3 RS 204

WAIT FOR CONFIRMATION.

MKT ALERT AT 5.40 PM JULY 23

Buy Natural Gas Aug between 194.50 - 195 SL

below 191.50 T1 198 T2 202 HIGH RISK

Natural Gas Storage: EXP: 63B PREV:90B AT 8.00PM

UPDATES FOR JULY 23 2009

JULY 23 THURSDAY

S1 RS 192.10 , S2 RS 189.60 , S3 RS 188

R1 RS 197.20 , R2 RS 200.60 , R3 RS 204

WAIT FOR CONFIRMATION.

CLOSING COMMENTS FOR JULY 22

Natural Gas went up sharply after it break

its strng res of 192. A close above this could

take it till 200 - 205 - 210 in coming days. Can

have stops below 185...Be on buy side.

mkt alert at 9 pm july 22

mcx aug nat gas: a close above 192 is

positive for tgts 198/205, support 185.

UPDATES FOR JULY 22 2009

JULY 22 WEDNESDAY

S1 RS 183.20 , S2 RS 181 , S3 RS 178.60

R1 RS 188.30 , R2 RS 190.40 , R3 RS 193

WAIT FOR CONFIRMATION.

CLOSING COMMENTARY FOR JULY 21 TUESDAY

Natural Gas prices are not clear in trend. Mixed

movemnt seen in ng..Yet to settle for its clear movemnt.

NG Aug strong res seen at 192. A break and close above

this Could take prices testing 200 - 210 levels. Strong

sup seen 185 - 183 levels. The price of 192 is 100 days

moving avg...So Seems as a strong res...

TECHNICALS FOR JULY 21

MCXAUG NAT GAS

SUPP; 183.60/180.30/178

RES: 188.60/190/192.30

PREFER LONGS AT SUPPORTS

TECHNICALS FOR NYMEX TRADING JULY 20

MCX AUG NAT GAS

SUPP: 188.30/186/183.60

RES: 192/195.60/198

PREFER LONGS AT SUPPORTS

MCX AUG NAT GAS CMP 189, HAS SUPPORTAT 186 AND CLD

TEST 192/194 LEVELS, AS JULY CONTRACTS CLD SHIFT TO

AUGUST AND SUPPORT PRICES.

UPDATES FOR \JULY 20 2009

JULY 20 MONDAY

S1 RS 186.30 , S2 RS 184 , S3 RS 182

R1 RS 190.60 , R2 RS 193 , R3 RS 195.60

WAIT FOR CONFIRMATION.

MARKET ALERT ON JULY 18 FRIDAY 8.00 PM IST

MCX July Natuals Gas cld test Rs 185

Support is seen at Rs 176.85

CMP Rs 180.

MARKET ALERT ON JULY 17 FRIDAY 11.25 AM IST

MCX Aug Natural gas has strong Res at Rs 185

if it breaks above willgo up to Rs 188 /190

otherwisecan expect till 180 / 177.

UPDATES FOR JULY 17 2009

JULY 17 FRIDAY

S1 RS 173.70 , S2 RS 171 , S3 RS 168.30

R1 RS 179.20 , R2 RS 181 , R3 RS 183.60

WAITF FOR CONFIRMATION.

TECHNICALS FOR NYMEX TRADE FOR JULY 16 2009

JULY 16 THURSDAY

TRADING LEVELS FOR NYMEX TRADE

S1 RS 158 , S2 RS 155.60 , S3 RS 153

R1 RS 162 , R2 RS 164.50 , R3 RS 167

WAIT FOR CONFIRMATION.

mkt alert at 5.45 pm july 16

Sell Natural Gas betwen 159.50 - 160 SL above 162.50

T1 156 T2 153

MARKET ALERT ON JULY 16 THURSDAY 3.00 PM IST

MCX July natural gas is weak below Rs 160 and could

test life low around Rs 158 / 157. Current Res seen

above Rs 162.10 .

MARKET ALERT ON JULY 16 THURSDAY

MCX July Natural gas cld test Rs 163.50

support is seen at Rs 158.70

Buy recommenededin Rs 160.60 levels.

UPDATES FOR JULY 16 2009

JULY 16 THURSDAY

S1 RS 158, S2 RS 156.20 , S3 RS 154

R1 RS 161 , R2 RS 162.50 , R3 RS 165

WAIT FOR CONFIRMATION.

CLOSING COMMENTARY FOR JULY 15 WEDNESDAY

Natural Gas unable to break its key res of 171 to

173 and came down sharply till 160. It now forming

double bottom around 159 - 160 and a bounce from

these levels could take prices again till 170.

A close below 159 by tomo is bearish.

MARKET ALERT AT 3.30 PM JULY 15

MCX JULY NAT GAS IS BULLISH ABOVE 169 AND

CLD TEST 171/173 LEVELS , SUPPORT SEEN AT 166.

UPDATES

TECHNICALS FOR JULY 15

MCX JULY NAT GAS

SUPP: 165/163.20/161.60

RES: 168.50/170/172.50

WAIT FOR CONFIRMATION

MARKET ALERT ON JULY 14 TUESDAY 9.45 PMIST

MCX July natural gas now has support at Rs 163.60

Res is seen at Rs 171.80 levels

CMP Rs 166.70

Could test Res.

UPDATES FOR JULY 14 2009

JULY 14 TUESDAY

S1 RS 162.60 , S2 RS 160.30 , S3 RS 158

R1 RS 165.30 , R2 RS 167 , R3 RS 168.60

WAIT FOR CONFIRMATION.

MARKET ALERT ON JULY 13 MONDAY 7.00 PM IST

MCX July natural gas CMP Rs 160 , T1 Achieved in our

sell natural gas below Rs 163.50.

MKT ALERT AT 5.20 PM JULY 13

MCX JULY NAT GAS;LOW RISK TRADERS BOOK PROFITS

IN OUR SELL BELOW 163.50,UPTO 161.25( CURRENT LOW 160.60).

MARKET ALERT ON JULY 13 MONDAY 12.25 PM IST

MCX July Natural Gas looks weak below Rs 163.50

it could test Rs 160 and then Rs 157

Res is seen above Rs 166.

UPDATES

TECHNICALS FOR JULY13

MCX JULY NAT GAS

SUPP; 164/161.60/159

RES: 168.30/171/172.50

PREFER SELLS AT RES

market alert at 8.15 pm july 9

mcx july nat gas : t1 ach at 170 in our buy at 167 to

167.50, book profits.

UPDATES

TECHNICALS FOR NYMEX TRADING JULY 9

MCX JULY NAT GAS

SUPP; 165.60/164/162

RES; 168.30/170.60/172.50

WAIT FOR CALLS AFTER INVENTORY TONITE

MKT ALERT AT 4.45 PM JULY 9

NATURAL GAS INVENTORY : EXP UP 85BCF, LAST WEEK WAS UP 75 BCF.

MARKET ALERTA T 4 PM JULY 9

MCX JULY NAT GAS: LOW RISK TRADERS BOOK PROFITS UPTO 168.50

( BUY GIVEN AT 167 TO 167.50), OTHERS HOLD FOR TGTS GIVEN;

INVENTORY TONITE AT 8 PM.

MKT ALERT AT 1.45 PM JULY 9

High Risk Call - Buy Natural Gas betwn 167 - 167.50 SL below 165

T1 170 T2 173

UPDATES

TECHNICALS FOR JULY NAT GAS

MCX JULY NAT GAS

SUPP: 165.60/164/162.30

RES; 168.30/170.60/172.50

WAIT FOR CALLS

MARKET ALERT ON JULY 8 WEDNESDAY 10.00 PM IST

Natural Gas prices consolidating betwn 166 - 173 lvels.

NG waiting for tomo inventoires news. That may provide

further direction. Wait for confirmation.

MARKET ALERT AT 6 PM JULY 8

MCX JULY NAT GAS IS WEAK BELOW SUPPORTS 166,

AND CLD TEST NEW LIFELOW SUPPORTS 164/162, RES ABOVE 169.

UPDATES FOR JULY 8 2009

JULY 8 WEDNESDAY

S1 RS 166.60 , S2 RS 164 , S3 RS 162.30

R1 RS 170.30 , R2 RS 172.60 , R3 RS 174

WAIT FOR CONFIRMATION.

MARKET ALERT ON JULY 7 TUESDAY 3.00 PM IST

MCX July Natural looks strong above Rs 171.50

it could test Rs 174 / 176

support is seen below Rs 169.50.

UPDATES FOR JULY 7 2009

JULY 7 TUESDAY

S1 RS 167.30 , S2 RS 164 , S3 RS 162

R1 RS 171 , R2 RS 172.50 , R3 RS 175

WAIT FOR CONFIRMATION.

MARKET ALERT AT 7.30 PM JULY 6

Positional Traders can buy July Natural Gas around 170 levels.

SL below 163 levels. NG could bounce as its in Triple Bottom..

market alert at 6.45 pm july 6

mcx july nat gas; traders holding sells protect profits,

sell given at 170 and booked profits at 168/166.50.

market alert at 6.30 pm july 6

mcx july nat gas : low 166.10, our t1 is 166!!

.( sell was below 170.low risk taders book full profits.

UPDATES

TECHNICALS FOR JULY 6 NYMEX TRADING

MCX JULY NAT GAS

SUPP: 166.30 164.00 162.00

RES : 171.00 172.50 175

PREFER SHORTS AT RESISTANCES

MARKET ALERT AT 4 PM JULY 6

MCX JULY NAT GAS : LOW RISK TRADERS BOOK FULL PROFITS AT CMP

168, SELL GIVEN 170.

High Risk Call - Sell Natural Gas below 170 SL 173 T1 166 T2 164

UPDATES

TECHNICALS FORJULY 6

MCX JULY NAT GAS

SUPP: 171.60/169/167

RES: 176.60/179.30/181.50

WAIT FOR CALLS

TECHNICALS FOR EVENING TRADE FOR JULY 3 2009

JULY 3 FRIDAY

TRADING LEVELS FOR EVENING TRADE

S1 RS 175 , S2 RS 173 , S3 RS 171.40

R1 RS 179.60 , R2 RS 182.80 , R3 RS 184.80

WAIT FOR CONFIRMATION.

UOPDATES FOR JULY 3 2009

JULY 3 FRIDAY

S1 RS 179.60 , S2 RS 177 , S3 RS 175

R1 RS 182.40 , R2 RS 184.80 , R3 RS 187.80

WAITF RO CONFIRMATION.

MARKET ALERT ON JULY 2 THURSDAY 8.00PM IST

MCX July Natural gas has support at Rs 178.90

Res is seen at Rs 187

CMP Rs 182

MARKET ALERT ON JULY 2 THURSDAY 8.00 PM IST

Update: US N.Gas Storage data: +70 Bcf (Exp: +74 Bcf)

TECHNICALS FOR NYMEX TRADE FOR JULY 2 2009

JULY 2 THURSDAY

TRADING LEVELS FOR NYMEX TRADE

S1 RS 179.60 , S2 RS 177 , S3 RS 175

R1 RS 182.40 , R2 RS 184.80 , R3 RS 187.80

WAIT FOR CONFIRMATION.

UPDATES FOR JULY 2 2009

JULY 2 THURSDAY

S1 RS 184.50 , S2 RS 182.60 , S3 RS 180

R1 RS 188.30 , R2 RS 190.10 , R3 RS 192.30

WAIT FOR CONFIRMATION.

TECHNICALS FOR NYMEX TRADE FOR JULY 1 2009

JULY 1 WEDNESDAY

TRADING LEVELS FOR NYMEX TRADE

S1 RS 184.50 , S2 RS 182.60 , S3 RS 180

R1 RS 188.30 , R2 R S190.10 , R3 RS 192.30

WAIT FOR CONFIRMATION.

UPDATES FOR JULY 1 2009

JULY 1 WEDNESDAY

S1 RS 184.50 , S2 RS 182.60 , S3 RS 180

R1 RS 188.30 , R2 RS 190.10 , R3 RS 192.30

WAIT FOR CONFIRMATION.