COMMODITY UP DATED :  9TH July 2018

COMMODITY UP DATED :  9TH  July 2018

Gold  : August

Over all trading range with consider decent support 3000-30200 range and as long as hold these level upside open towards 31000  in coming days so any dip to buying opportunity.

Some Technical Indicators :

Last Week High Low Close 50 DMA 200 DMA
  30737 30244 30560 30959 30163

Silver : Sept –

As last week it was mentioned that decent support 39000  and to buy side and finally it was made a high during week 4000 above with closed positive bias with consider support nearly 39500 to 39000 range, once closed above 40000 sharp move cannot be ruled. Out

Some Technical Indicators :

Last Week High Low Close 50 DMA 200 DMA
  40050 38560 39766 39847 39147

 

Crude Oil 19th July 

Overall trend is extremely bullish and likely to test 5500 mark in coming days with consider decent support 4600-4700 range and holding these level  any dip to buy side.  Once sustained above 5170, strong up move on card.

Some Technical Indicators :

Last Week High Low Close 50 DMA 200 DMA
  5173 4971 5075 4691 4072


Copper August 

We are bearish from the level of 490 and finally it was made a low 428.  Strong bear grip and any rise to sell side, do not try to bottom fishing in this commodity, more lower level expected in coming days.

Some Technical Indicators:

Last Week High Low Close 50 DMA 200 DMA
  453 428 432 461 451


Nickel July

We are bearish below 1000 and finally it was made a low 954 and closed nearly a weekly low. So trend is continue bearish and any rise to sell.

Some Technical Indicators :

Last Week High Low Close 50 DMA 200 DMA
  1021 954 959 995 859

 

Natural Gas 26th July

Hot sell and break down support level, consider resistance near 201-202 range and remain below to sell side.

Some Technical Indicators :

Last Week High Low Close 50 DMA 200 DMA
  200.80 194.70 196.70 195.65 188


Aluminum July

Yesterday major support broken   145 and made a low 143.50. Wait for more confirmation before any  trading call. Support broken to sell side.

Some Technical Indicators :

Last Week High Low Close 50 DMA 200 DMA
  147.50 143.10 143.85 153.20 142.60

 

ZINC –  July  144.70

We are bearish below 200  and almost made a low 185 and our projected target 181.  As long as trading below 50 and 200 DMA sellside.

Some Technical Indicators :

Last Week High Low Close 50 DMA 200 DMA
  199.85 185.35 190.60 206.70 211.85


LEAD July

Break down in trading range looks more down side with consider resistance 163    164 range, break down 160   more panic likely in this commodity.

Some Technical Indicators:

Last Week High Low Close 50 DMA 200 DMA
  166.75 159.08 161.55 162.85 16135

 

For Feedback/clarification/querry, simply drop us a mail at : backoffice.3mteam@gmail.com. Cell No.  9630466296 (also available on whatasapp

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Daily Market trend dated 9th July 2018

Daily Market trend dated 9th  July   2018

  Bullish Candle but upper side Threats Continue.

Trade War China and USA continue

On last week market continue in trading range which is almost 150 points and some were up side and down side but higher level market threats continue and number of times slipped near to 10800 mark. We have seen almost 150 points trading range for the last 25 sessions and likely to be it will take some more time thereafter it will breakout in either side for another 200 to 250 points in sharp side. However, in next week, first quarter of result going to start which will give good momentum in market. Tariffs war between USA and China likely to to affect global markets. The FIIs continued to remain sellers in the cash segment were seen hedging their portfolio by remains buyers in the derivatives market. On the other INR trading near to 69 is a cause of concern of our market.

Nifty Spot :

Market are continue in trading range more than 20 trading sessions,  However, trading above 50, 100 200 DMA of long term moving average indicate bullish view and short it will break out their trading range of upside. However, lack of follow support by bulls, failed hold at higher level and slipped. Consider support near 10700-10710 range and intraday any dip to buy side, higher level resistance nearly 10800-10810 10830 and at that level selling opportunity with tight stop loss.

Last week Trend High Low Close
Nifty Spot 10816 10604 10772

 

Bank Nifty Future :

Bank Nifty continues in trading range but hold above 26400 level are positive bias continue.   We may consider support nearly 26300-26350 and resistance 26500 trade and sustained above up side open towards 26700 26750.  Buy dip is good strategy.

Last week Trend High Low Close
Bank Nifty Future 26596 26065 26500

FO Ques :

 Highest Put at  10600-10700

Highest call seen at 10800-11000

Pur writing seen at 10700-10800

Call Writing seen at –  10800-110600

Long Side:    Bajaj Auto, M&M, HCL Tech, Tata Motor, Hero Motor Berger Pains

Short side :      Apollo Tyres,  NIIT Tech,  Tech Mahindra, Titan.

Short Covering  :  Apollo Tyre

Long Unwinding   :   Cola India, DHFL

Pharma Index :

Some profit booking seen on Friday at higher level. Short term major resistance and triple top formation which is placed around 9450-9460 range and successfully crossover looks major upside which will move towards 10000 mark, on the lower side support continue 9000-9100 range whereas a decent buying opportunity.

PSU  Bank Index :

On Friday at lower level some support seen.  Over all decent support nearly   2690-2700 range and upper side resistance 2800-2860 range

Happy Trading Hrs.

For Feedback/clarification/querry, simply drop us a mail at : backoffice.3mteam@gmail.com. Cell No.  9630466296 (also available on whatasapp

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3M TEAM Research

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COMMODITY UP DATED :  6H July 2018

COMMODITY UP DATED :  6H July 2018

Gold  : August (30650)-

Trading range continue, however, strength in dollar weakness continue but decent support range nearly 30000 and resistance 30700. Wait for further direction till that best way to avoid.

Silver : Sept -39881

Lower level some support seen with consider trading range 39000 to 40000   and once crossover resistance strong up side cannot be ruled out in near term. Buy on dip with tight stop loss.  As our first target have been achieved, now sustained  above 40000, it will show real power and buy side and big move cannot be ruled out. Lower level good support 39500 to buy side.

Crude Oil 19th July  5039

We are bullish above 4600  and our first target 5000 have been achieved, however, trading above 4 years high looks major momentum in this commodity and more upside left in coming days.  Intraday any dip to buy side with consider long support range 4700-4750 and as long as these level up side open towards 5500 mark. Today support 4990-5000 watch out on screen.

Copper August   433.50

Short term support have been broken and trading below 7 months low so any rise to sell side.   Consider resistance 450-453 and remain below any rise to sell side. We are in selling mode below 450  and made a low 434  once break more down side. Any rise to intraday to sell side.

Nickel July- 977

Looks bearish and break down long trading range and  closed below with added open interest. Resistance 1000-1010 range and major break down on the card in coming days.  Only sell side. No buy please. Resistance 1000-1020 lower level support nearly 950.

Natural Gas 26th July 196.20

Hot sell and break down support level, consider resistance near 201-202 range and remain below to sell side. Lower level likely test 190.

Aluminum July  143.70

Over all trading range with consider resistance 144-145 and support observed at 140 range. Higher level to selling opportunity.

ZINC July  187.30

We are bearish below 200   and holding short position with trailing stop loss.   Any intra day rise to sell side.

LEAD July 163.15

Break down in trading range looks more down side with consider resistance 163    164 range, break down 160   more panic likely in this commodity.

Happy Trading Hrs.

For Feedback/clarification/querry, simply drop us a mail at : backoffice.3mteam@gmail.com. Cell No.  9630466296 (also available on whatasapp

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Daily Market trend dated 6th July 2018

Daily Market trend dated 6th July   2018

 Bullish Candel but upper side Threats Continue.

RELIANCE – Classic example – Sell on News  (All channels andso called analyst recommending to buy due to vested interest and every one trapped and loose money)

As expected after sharp recovery from the last few sessions, higher level profit booking supply by FIIS continue and up side remain under pressure.  During the  market hrs number of times Index was moved in positive terriority but failed to sustained and finally  win Bear and closed with a loss of 20 points on the eve of weekly expiry of Bank Nifty.  However, due to short covering Bank Nifty showed a good performance and able to closed above 26500 mark which is first sign of more upside in coming days.  However, trend is still positive and any short position should be taken on intraday basis and do not carry  over.   Intraday dip to buy side whereas every one sellers and once   market in exburance stage to avoid buy and sell side. On the other Reliance was culprit of Thursday day as profit booking seen over all on the day of AGM

Nifty Spot :

Nifty are continue in small trading range and looks that prepare for bigger move in either side. However, at lower level chances of big down is remote.  Now for the day purpose Nifty has good support 10700-10710 range and break down these level only further down side towards 10650,  higher level resistance around 10790-10810-10830 watch out.. On the other hand some put writing seen at 10800 call so short term resistance likely continue

Bank Nifty Future :

As yesterday we are bullish and advise to long with stop loss 26000 mark for target 26500 which have been achieved on Thursday trading.  Bank Nifty are continue looks promising which is evident that yesterday fresh long seen of 1.74 lacs contract.  In terms of technical level, holding above 26500 upper side open towards 26700 26750, whereas down side support 26250-26100-26000 and major support at 25900.   Any sharp dip to buy side

FO Ques :

 Highest Put at  10600-10500

Highest call seen at 10600-10800

Pur writing seen at 10700

Call Writing seen at –  10800-10900

Long Side:    Grasim Ind, Yes Bank, Asian Paints, HDFC Bank, HCL Tech and Kotak Bank

Short side :      UBL, PC Jewellers, VEDL, Titan, Hexaware, Sun TV .

Short Covering  :   M&M –

Long Unwinding   :   Tata Motor, CAPF

Pharma Index :

As mentioned in this to buy Pharma stocks on dip .Now consider major resistance nearly  9460 which is a double top formation on chart and once taken out sjuccessfully decent up move towards 9710 99000-10000 mark.   Above 9460 on sustainable basis minimum gain of 500 points likely.  This is mentioned on yesterday in our report and it was made a high 9462 and finally come down 200 points from a days high and closed at 9275.   Over all trend is very bullish and lower level decent support range 9100-9150 which is a buying opportunity of front line stocks like,  Lupin, Dr. Readdy Lab, Auro Pharma and Sun Pharma.  Over all Nifty Pharma Index trading above short term and medium term moving average of bullish zone.  Today resistance 9330 above again up move.

PSU Index :

There is no charm in PSU Bank Index and mamy stocks in bearish zone, however, short term some upside likely continue.  Over all consider resistance 2800 and support 2690-2700 watch out.

Happy Trading Hrs.

For Feedback/clarification/querry, simply drop us a mail at : backoffice.3mteam@gmail.com. Cell No.  9630466296 (also available on whatasapp

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Daily Market trend dated 5th July 2018

Daily Market trend dated 5th July   2018

Bullish Candle but upper side Threats Continue.

USA Market closed Today so no problem from Global Market

As  everyone are expecting that market will come down heavily and all TV channels so called analyst are continue recommendation to sell  Nifty and Bank Nifty but they turned down and they are recommending to buying and advising to positive bias in market.    As we are number of times written in this column that, please do not follow so called analysis of channel because they have a vested interest  and mass level they are confusing traders. If you follow closely what they are saying , so you may easily understand the same.  So before taking into consideration of advise of these channels, please exercise at your end is always meaningful.

Now as we are bullish and expecting dip to buy side and finally after made a low 10677 it was come back and finallyclosed above 10750 mark and over all buying seen in market in front line stocks which islead by Reliance, HDFC Ltd and HDFC Bank and some pharma stocks, however, profit booking seen in IT Stocks.  Over all we are still in trading range and best strategy to sell on strength and buy on weakness to get maximum points in your trade.

Nifty Spot :

After made a low 10677 decent bounce back seen and finally it was made a high 10777 and able to closed above 10750 mark.  Time being we may consider support nearly 10699 whereas 50 SMA are placed, upside sustained above 10777,  nifty ready to test 10800-10835-10850.  Higher high and Higher low compared to previous day bullish sign. Intraday resistance 10805-10841 watch out.

Bank Nifty Future :

In early morning on Tuesday every TV channels anchor very bearish and recommending to sell side, but we are bullish and finally it has taken strong support and come back seen in market with addedalmost added substantial open interest due to fresh long and short covering.  Now today consider support 26350-26360 range and buy side, higher level resistance observed 26500 and successfully crossover more up side andshort covering likely.

FO Ques :

Highest Put at  10600-10500

Highest call seen at 11000 and 10800

Pur writing seen at 10600-10800 and 10900

Call Writing seen at –  10800-10900

Long Side:    Baja Auto,  Apollo Hospital, Lupin, Godrej Consumer, Maruti, RBL Bank.

Short side :      Shriram Transport, KPIT, LIC Housing, PC Jewellers, Ujjaivan

Short Covering  :   Bajaj Finserve, Sunpharma, Cadila Pharma

Long Unwinding   :   DHFL, Century Textile, Balrampur Chini

Pharma Index :

As mentioned in this to buy Pharma stocks on dip .Now consider major resistance nearly  9460 which is a double top formation on chart and once taken out sjuccessfully decent up move towards 9710 99000-10000 mark.   Above 9460 on sustainable basis minimum gain of 500 points likely.  Time buy – Sun Pharma, Auropharma, Lupin Lab, Dr. Readdy Lab and Wockhard Pharma

PSU Index :

Lower level decent support around 2690-2700  as long as hold some pull back can not be ruled out, once break down big sell off.     SBI, any dip to buy side.

Happy Trading Hrs.

For Feedback/clarification/querry, simply drop us a mail at : backoffice.3mteam@gmail.com. Cell No.  9630466296 (also available on whatasapp

With Regards

3M TEAM Research

+919630466296 / 9301302732 

COMMODITY UP DATED :  5H July 2018

COMMODITY UP DATED :  5H July 2018

Gold  : August (30614)-

Trading range continue, however, strength in dollar weakness continue but decent support range nearly 30000 and resistance 30600, further trading above 30600  some more up side towards 30800-30900 and above.   Lower level to buy side.

Silver : Sept -39919

Lower level some support seen with consider trading range 39000 to 40000   and once crossover resistance strong up side cannot be ruled out in near term. Buy on dip with tight stop loss.  As our first target have been achieved, now sustained  above 40000, it will show real power and buy side and big move can not be ruled out.

Crude Oil 19th July  5126

We are bullish above 4600  and our first target 5000 have been achieved, however, trading above 4 years high looks major momentum in this commodity and more up side left in coming days.  Intra day any dip to buy side with consider long support range 4700-4750 and as long as these level up side open towards 5500 mark. Our target intact.

Copper August   437.85

Short term support have been broken and trading below 7 months low so any rise to sell side.   Consider resistance 450-453 and remain below any rise to sell side. We are in selling mode below 450  and made a low 434  once break more down side.

Nickel July 970

Looks bearish and break down long trading range and  closed below with added open interest. Resistance 1000-1010 range and major break down on the card in coming days.  Only sell side. No buy please. Break down support level and  sell side.

Natural Gas 26th July 196.20

Hot sell and break down support level, consider resistance near 201-202 range and remain below to sell side. Lower level likely test 190.

Aluminum July  144.70

Yesterday major support broken  145 and made a low 143.50. Wait for more confirmation before any  trading call. Support broken to sell side.

ZINC July  187.80

We are bearish below 200  and our first target 191  + almost achieved but remain sell side, more down side in coming days with stop loss. More down side and made a low  186.55.

LEAD July 160.55

Break down in trading range looks more down side with consider resistance 163    164 range, break down 160   more panic likely in this commodity.

Happy Trading Hrs.

For Feedback/clarification/querry, simply drop us a mail at : backoffice.3mteam@gmail.com. Cell No.  9630466296 (also available on whatasapp

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3M TEAM Research

+919630466296 / 9301302732 

 

COMMODITY UP DATED :  4TH July 2018

COMMODITY UP DATED :  4TH July 2018

Gold  : August (30493)-

Trading range continue, however, strength in dollar weakness continue but decent support range nearly 30000 and resistance 30600, crossover and sustained above looking   up side.  Wait for clear direction time being thereafter decide your trading strategy.

Silver : Sept -39710

Lower level some support seen with consider trading range 39000 to 40000   and once crossover resistance strong up side can not be ruled out in near term. Buy on dip with tight stop loss.  We are long in this commodity.

Crude Oil 19th July 5080

We are bullish above 4600  and our first target 5000 have been achieved, however, trading above 4 years high looks major momentum in this commodity and more up side left in coming days.  Intra day any dip to buy side with consider long support range 4700-4750 and as long as these level up side open towards 5500 mark.

Copper August   445.75

Short term support have been broken and trading below 7 months low so any rise to sell side.   Consider resistance 450-453 and remain below any rise to sell side.

Nickel July 984.50

Looks bearish and break down long trading range and  closed below with added open interest. Resistance 1000-1010 range and major break down on the card in coming days.  Only sell side. No buy please.

Natural Gas 26th July 198.40

Hot sell and break down support level, consider resistance near 201-202 range and remain below to sell side.

Aluminum July  144.20

Yesterday major support broken  145 and made a low 143.50. Wait for more confirmation before any  trading call.

 

ZINC July  192.85

We are bearish below 200  and our first target 191  + almost achieved but remain sell side, more down side in coming days with stop loss.

LEAD July 164.35

Small trading range but positive bias likely continue. Resistance observed at 166 and decisively break looks more up side.

 

Happy Trading Hrs.

For Feedback/clarification/querry, simply drop us a mail at : backoffice.3mteam@gmail.com. Cell No.  9630466296 (also available on whatasapp

With Regards

3M TEAM Research

+919630466296 / 9301302732 

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