UPDATES FOR MAY 31 2010

MAY 31 MONDAY

TRADING LEVELS FOR MORNING SESSION


S1 RS 198 , S2 RS 196 , S3 RS 194

R1 RS 204.80 , R2 RS 207.80 , R3 RS 209.10

WAIT FOR CONFIRMATION .

MARKET ALERT ON MAY 28 FRIDAY 7.20 PM IST

MCX June Natural gas now has support at Rs 200

Res csn be seen at Rs 206.50

CMP Rs 202.50

These are trading levels only.

Has a positive bias at this moment of time .

UPDATES FOR MAY 28 2010

MAY 28 FRIDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 198 , S2 RS 196 , 194

R1 RS 202 , R2 RS 204 , R3 RS 206

WAIT FOR CONFIRMATION .

UPDATES FOR MAY 26 2010

MAY 26 WEDNESDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 187,30 , S2 RS 185.40 , S3 RS 183.20

R1 RS 192.70 , R2 RS 194.50 , R3 RS 196

WAIT FOR CONFIRMATION .

UPDATES FOR MAY 24 2010

MAY 24 MONDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 188.20 , S2 RS 184.30 , S3 RS 181.10

R1 RS 194.20 , R2 RS 197.60 , R3 RS 201

WAIT FOR CONFIRMATION .

MARKET ALERT ON MAY 21 FRIDAY 6.15 PM IST

MCX MAY Natural gas now has support at Rs 192

Res is seen at Rs 200

cmp Rs 194.80 .

Has a positive bias at this moment .

UPDATES FOR MAY 21 2010

MAY 21 FRIDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 190.70 , S2 RS 189.40 , S3 RS 186

R1 RS 195.40 , R2 RS 198.40 , R3 RS 200

WAIT FOR CONFIRMATION .

UPDATES FOR MAY 18 2010

MAY 18 TUESDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 197.40 , S2 RS 194.20 , S3 RS 191.70

R1 RS 202 , R2 RS 205 , R3 RS 207.40

WAIT FOR CONFIRMATION .

UPDATES FOR MAY 14 2010

MAY 14 FRIDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 195.20 , S2 RS 193.40 , S3 RS 191.80

R1 RS 191.20 , R2 RS 202 , R3 RS 205.40

WAIT FOR CONFIRMATION .

CLOSING COMMENTARY FOR MAY 13 THURSDAY

Gas looks positive and could face strong Res around Rs 198 to 200.

A close above could be more positive .

EXP NAT GAS INVENTORY UP 101BCF/ACTUALS AT 8 PM.

Buy Crudeoil may above 3430 SL below 3414 T1 3460 T2 3480

MARKET ALERT ON MAY 11 TUESDAY 9.00 PM IST


MCX May Natural gas target 1 achieved at Rs 190.50.

Buy was at Rs 187 .

Hold for levels given .

MCX MAY NAT GASl ; BOOK PART PROFITS AT 189/BUY RECO AT 186.50 TO 187.50/OTHERS HOLD FOR LEVELS.

Buy Natural Gas May between 186.50 - 187.50 SL below 184 T1 190.50 T2 193 (BC)

TECHNICALS FOR MAY 11

MCX MAY NAT GAS

SUPP:`186.50/184/181

RES: 191.40/193/196

TECHNICALS FOR MAY 10

MCX MAY NAT GAS

SUPP: 179.50/176/174

RES: 183.80/186.30/189.40

U.S Naturalgas storage data Actual83 bcf Forecost 79 BCF Previous 83 BCF prices may trade sideways

UPDATES FOR MAY 6 2010

MAY 6 THURSDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 178.40 , S2 RS 176.60 , S3 RS 174.30

R1 RS 182.20 , R2 RS 184.30 , R3 RS 186

WAIT FOR CONFIRMATION .

UPDATES FOR MAY 5 2010

MAY 5 WEDNESDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 179.70 , S2 RS 176,60 , S3 RS 174.30

R1 RS 182.20 , R2 RS 184.30 , R RS 186

WAIT FOR CONFIRMATION .

MARKET ALERT ON MAY 4 6.30 PM IST

MCX May Natural gas traders holding longs as per our call gven

at Rs 179.50 to 180 can book part profits at CMP Rs 181.30 ,

Others hold with levels given .

MARKET ALERT ON MAY 4 TUESDAY 6.00 PM IST

Buy Natural Gas between 179.50 - 180

SL below 177.50

T1 182.50

T2 184.80

MCX Natural Gas looks again positive above 180 and could test 184 - 188 - 192 with strong sup seen below 176...Very strong sup is seen around 172 - 174 levels.

UPDATES FOR MAY 4 2010

MAY 4 TUESDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 176 , S2 RS 174.20 , S3 RS 171.80

R1 RS 180.40 , R2 RS 181.60 , R3 RS 184.80

WAIT FOR CONFIRMATION .

MRKT ALERT 6.30 PM

Sell Natural Gas May below 175 SL above 177.30 T1 172 T2 170.40 (BC)

UPDATES FOR MAY 3 2010

MAY 3 MONDAY

TRADING LEVELS FOR MORNING SESSION

S1 RS 174.20 , S2 RS 171.10 , S3 RS 168

R1 RS 179.20 , R2 RS 181.90 , R3 RS 184.90

WAIT FOR CONFIRMATION .