Daily outlook, strategies & recommendations on metals, energy, agricultural commodities & currencies

1. DAILY TECH PICK
| Commodities |
After a mild back jump MCX Nov Copper futures
have resumed its privileged bearish trend breakout
through the “descending triangle” chart pattern in
intraday charts. Now the bias remains weak and
further decline is expecting towards 406 & 403
levels. However, any rise can be limited at 412.90
and bring some selling pressure from the same.
Action Entry Target Stop
SELL Around 412-413 406/403 416.8
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19 Nov 14
MCX Dec Nickel futures have broken trend-line
resistance at 974.50 levels, but couldn’t sustain
above the same and a sharp decline through the
primary trend-line support at 970 levels has kept the
prices in a negative zone. Further fall is possible to
test 948 levels; slips below the same 935 will be the
next target.
Action Entry Target Stop
SELL Around 970 948 980
MCX Dec Dhaniya futures surged 300 points on
Tuesday’s session by given a breakout through the
“bullish flag” on daily charts at 12667 levels.
According to chart pattern the poll length would be
the immediate upside target i.e. around 13345
levels. However, any dips can be respects at 12760
and add some fresh buying pressure from the same.
Action Entry Target Stop
BUY
Around
12780
13045 12640

2. DAILY TECH PICK
I EQUITIES I
I Commodities I
Outlook & Intraday Strategy
R1 R2 Intraday Recommendation
Gold 5'Dec 26450 26310 26596 26670 26793 Bearish Sell at R1 TGT S1 SL 26793
Silver 5'Dec 35235 34670 35804 36265 36770 Bearish Sell at R1 TGT S1 SL 36770
Copper 28'Nov 406.00 403.00 409.25 412.40 416.80 Bearish Sell at R1 TGT S1 SL 416.80
Nickel 28'Nov 948 935 962.00 970 981.00 Bearish Sell at R1 TGT S1 SL 981
Zinc 28'Nov 137.40 136.20 128.65 139.30 140.25 Bearish Sell at R1 TGT S1 SL 140.25
Lead 28'Nov 123.90 122.80 124.70 125.45 126.30 Bearish Sell at R1 TGT S1 SL 126.30
Aluminum 28'Nov 124.00 122.80 124.95 125.65 126.40 Bearish Sell at R1 TGT S1 SL126.40
Crude Oil 20'Nov 4561 4527 4607 4623 4657 Bearish Sell at R1 TGT S1 SL 4657
Natural Gas 24' Nov 262.5 259.5 264.2 269.0 272.00 Bullish Buy at S1 TGT R1 SL 259.5
Mentha Oil 28'Nov 683 670.0 694.7 705.0 717.00 Sideways Wait for call
Cotton 28'Nov 15930 15800 15980 16110 16260 Bullish Buy at S1 TGT R1 SL 15800
Chana 19'Dec 3122 3076 3154 3180 3227 Bearish Sell at R1 TGT S1 SL 3227
Soy Bean 19'Dec 3290 3256 3326 3343 3376 Bearish Sell at R1 TGT S1 SL 3376
Soy Oil 19'Dec 582.0 577.0 586.60 590.0 595.0 Bearish Sell at R1 TGT S1 SL 595
RM Seed 19'Dec 3847 3812 3860 3897 3934 Bullish Buy at S1 TGT R1 SL 3812
Cocud cake 19'Dec 1312 1290 1326 1356 1378 Bullish
DISCLAIMER
Commodity Expiry S1 S2
Last
Trade
Buy above 1335 TGT R1 SL
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1312
Jeera 19'Dec 12487 12330 12610 12780 12945 Bullish Buy at S1 TGT R1 SL 12330
Turmeric 19'Dec 6290 6177 6360 6400 6487 Bearish Sell at R1 TGT S1 SL 6487
Dhaniya 19'Dec 12780 12640 12880 12960 13045 Bullish Buy at S1 TGT R2 SL 12760
Castorseed 19'Dec 4723 4665 4784 4812 4856 Bearish Sell at R1 TGT S1 SL 4856