Wednesday, December 22, 2010

Sure Shot Silver Tips, Natural Gas Tips, Lead Tips

Currently commodities markets in India are trading positively. At MCX, all the ndexes are showing an upward trend. At MCX futures, MCXCOMDEX is trading at 3,231.05, up by 0.24%, MCXMETAL is trading at 4,163.46, up by 0.04% and MCXAGRI is currently trading at 2,884.13, up by 0.46% and MCXENERGY is trading at 2,705.52, up by 0.36% (At 3:19 P.M today)

Sure Shot Silver Tips:
Over all trend is very bullish and any decline to buy side. Week to week basis it was gained more than 950 points and closed at 44340 range. Time being consider resistance 45070 -46000-46300, downside support is 43000-42500-42000. Strong resistance 44800-45000 and sell side.....with tight stop loss.

Silver Tips for March contract is trading at Rs 44,511.00 against Previous close price of Rs 44,552.00 (down by 0.09%) (At 3:09 P.M today)

Sure Shot Lead Tips:
Trend is bullish.... And any decline to buy side... with consider support 104 no problem for bulls and may test 124 mark, closed below negate the views. Trend Decider of this week is 109.50. Very hot and buy.

Sure Shot Natural Gas
Natural gas Trading Tips for December contract is trading at Rs 191.50 against Previous close price of Rs 189.40(up by 1.11%), Natural gas for January contract is trading at Rs 189.40 against Previous close price of Rs 192.80(up by 1.09%). (At 3:08 P.M today)

Some Sectors Snapshot :

The overall market added 1.56% in open interest with a decline in average cost of carry from 12.7% to 12.53%.

Metals and Sugar sector witnessed the highest addition in open interest at 5.56% and 3.2% while the Energy space shed 0.61% in open interest.

In the Metals space, GMDC and Hindustan Zinc saw the highest addition in open interest at 10.29% and 9.3% while SAIL and Bhushan Steel shed 5.68% and 2.57% in open interest due to closure of long positions.

In the Sugar space, Bajaj Hindustan and Renuka Sugars saw an addition of 6.94% and 5.8% on the back of accumulation of longs while Balrampur Chini and Triveni Engineering shed 2.8% and 2.13% in open interest respectively.

In Energy space, Petronet saw the highest addition at 6.08% in open interest on the back of long accumulation while GAIL and ONGC shed 12.7% and 6.15% in open interest respectively.

Tata Steel December series OTM put options strikes saw fresh addition of short positions in the last session, indicating that the stock is likely to trade with a positive bias in the near term.

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