Daily News Letter – 8 th Oct 2018 Commodity Market

Gold  : Oct. 31645

 AS prices in gold comex would face major resistance at 1207$(approx) and in Indian market we would face resistance at 31800-31850 once we would cross this levels we could see much higher levels, below that we could expect consolidation or correction

Silver : Dec –  39271

Last two weeks after made a low 36000 almost gained more than 3000 points and made a high 39360.  Over all trend is bullish and intra day decline to buy side.

Crude Oil – Sept    5542

Crude Mcx was in bull run from last almost 70 days and as we are facing resistance at the range from 5650-5700 and the exception is towards the lower side as we could see the rising WEDGE pattern in STOCHASTICS ,As a result of rising wedge we could see a fall in crude prices in near future and on the other side if it crosses the range of 5700 decisively and on closing basis there could be fresh bull run.

Copper —Sept   456

Copper Mcx- As comex copper is showing that the prices for copper should move towards lower side and it is expected that the movement  in copper mcx would also be similar. And 470 would act as a major resistance for Mcx Copper.

Nickel –Sept  940

Over all trend is bearish with consider support 900-8880 range and upper side resistance 865-870, once stay above real blast on card.

Natural Gas –Sept.  233

As we were continue writing a bullish and any decline to good buy side.  We are bullish above 200 mark and any decline to buy side. Trading above 50-100-200 DMA only bullish view.  Up move continue.  Now time to book profit at home is a best strategy.

Aluminum –Sept.  157.20

Some recovery seen from a lower level and almost made a low last week 144 mark.  Now higher level resistance and supply zone is 150-152 range once successfully stay above, it will move like rocket. Above 152   any short will be danger.  Very hot and see what happened and in a one trading session made a high 166. Avoid fresh trade and book profit

ZINC –  Sept.  198

Bullish trend continue with consider support 190 once break first sign of weakness, higher level resistance 200-205 watch out and stay above do not think any short sell.

LEAD – Sept.  148

Overall trading range and time for  consolidation side. Wait for break out in either side.  Ready for big blast  at any time.  Above 152 it will show real power and think to buy above only.

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Daily Morning News Letter – 8th OCT 2018 EQUITY – FO –CASH-OPTION MARKET

Market Trend   :

 Big Sell off by FIIS   —  Net Sellers

Nifty Crash 1496 points (from 11760 to 10294 – Earlier down 1220) points

Maximum correction likely 15% from High 11760 which is 9996  (50 points in either side )

Major Support –  Nifty  9900-9952   –  Bank Nifty   23605-23800

Last bull market support of Nifty 9800  – thereafter towards 8000   +

At these level market will go extreme over sold and RSI below  20 

Strong Pull Back and V Shap Rally cannot be ruled out.

 IT STOCKS – Ready to fall  – Play short side +

Market Out Look :

On Friday after RBI policy market finally crashed and almost 700 points down of Nifty in last three trading sessions whereas Bank Nifty down more than 3500 points from a high.  Strong bearish zone but some more down side and likely test 10000 mark whereas a extremely oversold market and strong bull back also possible.  On Over all rising of crude prices and depreciate of rupee also a big problem of Indian economy.  On the Sect oral Indices, major sell off seen like Nifty Auto and trading b below 52 weeks low, Nifty PSU Bank almost near to 52 week low, FMCG heavy selling seen, Media, Rality  also trading below 52 week low. Only IT are outperformer in market and trading near to all time higher but it  will not sustainable and any time selling imminent.

On Monday if market open with down side gap, do not play short sell and wait for opportunity to rise then play short sell, best way to avoid trading in Index and stock specify is a best and safe strategy.

Remember we are bearish below 11171 and advised to exit long  all positions,  sell  all delivery and sell all mutual fund investment and all money convert into Liquid assets and wait decline in market and around 10000  + any where start investing.  

Nifty Spot  :  10316

Last 3 trading sessions major sell off seen and almost 700 points wipe out. However, trend is bearish. Consider resistance nearly  10500 and remain below down side open towards 10200-10000-9950 likely. TREND REVERSAL LEVEL 10538 .

Trend is Down – Loss 5.6% last week – Major support of bull market 9800 + (thereafter start bear market)

Major support on monthly chart at 10000 +   

 

Last week High Low Close 52 High 52-Low
Trend 11036 10262 10316 11760 9906

 

 

5 DMA 10 DMA 50 DMA 100 DMA 200 DMA
10742 10892 11321 11040 10780
On Weekly Chart 9962 9081

 

Nifty Future  :  10347

NIFTY 50  FUTURE – As the graph of nifty future shows that the next major support level for nifty would be 9950 – 10000 and most probably it could either bounce back or break out after consolidation at this levels. BE CAUTIOUS decisive close below the level of 9950 next target could be 8000 towards the lower side which is not looking possible unless and until some extreme negative news in the market

Last week Trend High Low Clos
Nifty Future 11090 10292 10347

Bank Nifty Spot  :  24443

After RBI policy maket finally break down and heavy selling seen across the sector and Bank Nifty Future finally made a low 24272.   Bearish trend continue with consider resistance 24500-24600 remain below down side open towards 24000-23600 easily. Weekly and monthly support 23600 and likely test in coming days.   

Bank Nifty on Weekly Chart  –   Trend is down – Support 23600 +

Last week High Low Close 52-W High 52-W LOW
Trend 25470 24251 24443 28388 23604
5 DMA

 

10 DMA 50  DMA 100 DMA 200 DMA  
24702 24747 26445 26792 26105  
On weekly chart 23946 20873  

FO QUES   :

 

  NIFTY            BANK NIFTY
Highest Put 10500-10700 24000
Highest Calls 11000-11200 25000
Put Writing  
Call Writing 11000-10600-10700  
Long Side TCS, TITAN  
Short Side HPCL  BPCL  ONGC
Short Covering  
Long Exit  
  FIIS STATISTIC  
FIIS    
DIIS    
STOCK Future  

CNX PSU BANKS     : 2656

Last week it was made a bottom 2634 and finally break down support level.  Now in this week major resistance 2750-2760 watch out.  Over all selling pressure continue.

Last week High Low Close 52W-High 52-W Low
 Trend 2862 2634 2656 4335 2634
5 DMA 10 DMA 50 DMA 100 DM 200 DMA  
2743 2758 3081 2977 3107  
On Weekly Chart 3275 3190  
Basket of PSU Banks :   SBI –BOB-Can Bank- Indian Bank_ Syndicate Bank, Union Bank, Andhra Bank, IDBI, All Bank, Bank of India.

CNX IT    :     15592

After made a all time high some selling pressure seen but still holding positive bias.  As the market conditions, advised to book profit long side and any time big sell off likely.

Trend is down – CNX IT was the best performing of 2018 – closed below support level-

Last week High Low Close 52W-High 52-W Low
Trend 16282 15266 15592 16361 10527
5 DMA 10 DMA 50 DMA 100 DMA 200 DMA  
15798 15918 15385 14644 13636  
On weekly Chart 11842 11547  
Basket of IT Stocks  –  TCS-Infosys,Wipro, HCL Tech, Tech Mahindra, Infebeam, OFSS, KPIT  Tata Elexi.

 

CNX Pharma  : 9547

After made a high heavy profit booking seen and finally break down 10000 mark and over all selling seen.  However, it has still holding 200 DMA which is a positive sign and any sharp dip to buy side of front line stocks.

Last week Trend High Low Close 52W-High 52-W Low
Trend 10143 9496 9547 10786 7900
5 DMA 10 DMA 50 DMA 100 DMA 200 DMA  
9827 100006 9316 9315 9188  
On weekly Chart 11842 11547  
Basket of IT Stocks  –  

http://www.3mteam.in

market up and down :-

img_20181005

Daily News Letter – 5 th Oct 2018 Commodity Market

Gold  : Oct.      31416

Now time to book profit and we are long above 30000 mark and our target 31000-31500 have been achieved.     Stop Loss for long 31200.

Silver : Dec –  38994

On Friday heavy buying see at lower  level and almost gained more than 1000 points from a lower level and closed above 39000.  We are long above 38000.   Now time to book profit and money at home is a best strategy

Crude Oil – Sept    5515

 After sharp move in last few trading session it was finally made a high 5644 and closed with profit booking.  Over all exit from market and avoid any buying.  Smart traders can sell on intra day rally with stop loss 5650

Nickel –Sept   929

Ready for big blast with consider support 930-935 and resistance  961-965, thereafter non stop target 1000-1025.  Buy and hold

Natural Gas –Sept.  234

As we were continue writing a bullish and any decline to good buy side.  We are bullish above 200 mark and any decline to buy side. Trading above 50-100-200 DMA only bullish view.  Up move continue.  Now time to book profit at home is a best strategy.

Aluminum –Sept.  161

Some recovery seen from a lower level and almost made a low last week 144 mark.  Now higher level resistance and supply zone is 150-152 range once successfully stay above, it will move like rocket. Above 152   any short will be danger.  Very hot and see what happened and in a one trading session made a high 166. Avoid fresh trade and book profit.

ZINC –  Sept.  196

Very bullish trend   and it was mentioned in this column that above 180 some positive bias and once stay and crossover 185 strong move towards 195 to 200 and almost made a high 195 on Friday sessions.    Strong bullish favour, now stay above 202-205 real move will start and do not think any short sell of this commodity.  As reversal seen from the supply zone so intra day rise to sell side  198-200 with stop loss 205 above….

LEAD – Sept.  148

Overall trading range and time for  consolidation side. Wait for break out in either side.  Ready for big blast  at any time.  Above 152 it will show real power and think to buy above only.

www.3mteam.in

Daily News Letter – 4th Oct 2018 Commodity Market

Gold  : Oct.      31150

Bullish trend  with consider decent support 30000-30100 range in near term and any dip to buy side.   Trading above 30800  positive bias continue.

R A N G E

High

Low

Close

5 DMA

10 DMA

50 DMA

100 DMA

200 DMA

 
Last Week Range – MCX 30892 30220 30508            
52 Week Range – MCX 31963 29268    
52 Week Range COMEX 1365 1161 1196 1200 1201 1234 1234 1281  
Trend –Strategy-MCX Time for Consolidation  

Silver : Dec –  39115

On Friday heavy buying see at lower  level and almost gained more than 1000 points from a lower level and closed above 39000.  We are long above 38000.  Keep a trailing stop loss  39000 and hold long side

 

Some Technical Indicators :

R A N G E

High

Low

Close

5 DMA

10 DMA

50 DMA

100 DMA

200 DMA

Last Week Range – MCX                
52 Week Range – MCX 42304 36423  
52 Week Range COMEX 17.625 13.91 14.690 14.369 14.290 14.591 15.327 15.908
Trend –Strategy-MCX Sharp decline to buy side

Crude Oil – Sept    5655

After Profit booking again it has been started up ward move and finally able to closed above 5300 mark.  All target have been achieved.  Now move above 5500 more up side.  Up move continue and do not think short sell….   As Brent Crude oil  trading above 85 more up side.

Some Technical Indicators:

 

 

R A N G E

High

Low

Close

5 DMA

10 DMA

50 DMA

100 DMA

200 DMA

Last Week Range – MCX 5195 4962 5146 5086 5034 4816 4770 4427
52 Week Range – MCX 4947 4097    
52 Week Range COMEX 82.87 55.06 82.88 81.80 80.30 79.12 76.18 72.50
Trend –Strategy-MCX Bullish Trend

Copper —Sept   465  

After sharp rise it was expected that it will take some profit booking at resistance level and finally it was closed at 453 Mark.    Ready to blast above 465…..

Some Technical Indicators:

R A N G E

High

Low

Close

5 DMA

10 DMA

50 DMA

100 DMA

200 DMA

Last Week Range – MCX                
52 Week Range – MCX 499 402.55    
52 Week Range COMEX 3.297 2.562 2.803 2.799 2.761 2.691 2.850 2.989
Trend –Strategy-MCX Bullish Trend

Nickel –Sept   953

Ready for big blast with consider support 930-935 and resistance  961-965, thereafter non stop target 1000-1025.  Buy and hold

Some Technical Indicators:

R A N G E

High

Low

Close

5 DMA

10 DMA

50 DMA

100 DMA

200 DMA

Last Week Range – MCX                
52 Week Range – MCX 1066 900    
52 Week Range COMEX 16687 10215 12547 12736 12673 13163 13927 13625
Trend –Strategy-MCX Bullish Trend

Natural Gas –Sept.  239  

As we were continue writing a bullish and any decline to good buy side.  We are bullish above 200 mark and any decline to buy side. Trading above 50-100-200 DMA only bullish view.  Up move continue.

Some Technical Indicators:

 

 

R A N G E

High

Low

Close

5 DMA

10 DMA

50 DMA

100 DMA

200 DMA

Last Week Range – MCX                
52 Week Range – MCX 209.40 185.70  
52 Week Range COMEX 3.61 2.53 3.002 3.040 2.981 2.887 2.884 2.850
Trend –Strategy-MCX Strong Bullish Trend

Aluminum –Sept.  166

Some recovery seen from a lower level and almost made a low last week 144 mark.  Now higher level resistance and supply zone is 150-152 range once successfully stay above, it will move like rocket. Above 152   any short will be danger.  Very hot and see what happened and in a one trading session made a high 166.

Some Technical Indicators :

R A N G E

High

Low

Close

5 DMA

10 DMA

50 DMA

100 DMA

200 DMA

Last Week Range – MCX                
52 Week Range – MCX 175.25 136.50  
52 Week Range COMEX 2715 1978 2053 2045 2050 2055 2134 2160
Trend –Strategy-MCX Time for consolidation

ZINC –  Sept.  200

Very bullish trend   and it was mentioned in this column that above 180 some positive bias and once stay and crossover 185 strong move towards 195 to 200 and almost made a high 195 on Friday sessions.    Strong bullish favour, now stay above 202-205 real move will start and do not think any short sell of this commodity.

Some Technical Indicators :

R A N G E

High

Low

Close

5 DMA

10 DMA

50 DMA

100 DMA

200 DMA

Last Week Range – MCX                
52 Week Range – MCX 198 164.60  
52 Week Range COMEX 3595 2285 2596 2534 2477 2432 2714 3015
Trend –Strategy-MCX Ready for Trend Change

LEAD – Sept.  150.25  

Overall trading range and time for consolidation side. Wait for break out in either side.  Ready for big blast  at any time.

Some Technical Indicators:

R A N G E

High

Low

Close

5 DMA

10 DMA

50 DMA

100 DMA

200 DMA

Last Week Range – MCX                
52 Week Range – MCX 170 137.25  
52 Week Range COMEX 2685 1922 2032 2013 2028 2036 2227 2348
Trend –Strategy-MCX Time for consolidation.

 

http://www.3mteam.in

COMMODITY TRADERS :-

FOR HNI……………
COMMODITY TRADERS………….
JUST SEE OUR CALLS….
Gold…………
Above 30000 bullish and hold for target 31000 +
Silver….
Above 38000 strong bullish and go for any qty buy side…………
Crude…………….
We are bullish above 5000….
and initially above 4500…. already gained 1100 points…
Copper…………..
We are long above 400 target 465 500
Nickel………….
Long with stop loss 880
target 1000-1025
Natural Gas…………..
Long above 200 and more added above 210 for target 240 250
Aluminium
Till not break 138 on closing basis buy side…
above 145 go long
and above 152 do not think short in dream and it was made a high 165 in a single trading sessions.
Zinc…..
We are bullish at 175 and more added 180….
Further advised to big break out above 185 and any qty buy for target 200…
Once stay above 205…. real move will be start……………
Lead……………….
Now again cautious
above 152 any short will be danger…
If you want to such types of call can trade qty as you wish…………….
just call 9630466296
Charges very affordable
Rs. 2 lacs per qtr.

Daily News Letter – 3rd Oct 2018 Commodity Market

Gold  : Oct.      30908

Bullish trend  with consider decent support 30000-30100 range in near term and any dip to buy side.  Higher level resistance 31000  once stay it will show real move. Ready to blast/

R A N G E

High

Low

Close

5 DMA

10 DMA

50 DMA

100 DMA

200 DMA

 
Last Week Range – MCX 30892 30220 30508            
52 Week Range – MCX 31963 29268    
52 Week Range COMEX 1365 1161 1196 1200 1201 1234 1234 1281  
Trend –Strategy-MCX Time for Consolidation  

Silver : Dec –  38480

On Friday heavy buying see at lower  level and almost gained more than 1000 points from a lower level and closed above 38200 which was previous resistance.  Short term trend have been changed with consider support 38000 and dip to buy side.  Ready to fly.

 

Some Technical Indicators :

R A N G E

High

Low

Close

5 DMA

10 DMA

50 DMA

100 DMA

200 DMA

Last Week Range – MCX                
52 Week Range – MCX 42304 36423  
52 Week Range COMEX 17.625 13.91 14.690 14.369 14.290 14.591 15.327 15.908
Trend –Strategy-MCX Sharp decline to buy side

 

 

Crude Oil – Sept    5508

 After Profit booking again it has been started up ward move and finally able to closed above 5300 mark.  All target have been achieved.  Now move above 5500 more up side.

Some Technical Indicators:

R A N G E

High

Low

Close

5 DMA

10 DMA

50 DMA

100 DMA

200 DMA

Last Week Range – MCX 5195 4962 5146 5086 5034 4816 4770 4427
52 Week Range – MCX 4947 4097    
52 Week Range COMEX 82.87 55.06 82.88 81.80 80.30 79.12 76.18 72.50
Trend –Strategy-MCX Bullish Trend

 Copper —Sept   455

After sharp rise it was expected that it will take some profit booking at resistance level and finally it was closed at 453 Mark.   However, trend is bullish but next move above 465.  Lower level decent support 440 watch out.

Some Technical Indicators:

R A N G E

High

Low

Close

5 DMA

10 DMA

50 DMA

100 DMA

200 DMA

Last Week Range – MCX                
52 Week Range – MCX 499 402.55    
52 Week Range COMEX 3.297 2.562 2.803 2.799 2.761 2.691 2.850 2.989
Trend –Strategy-MCX Bullish Trend

Nickel –Sept   914

After recovery  again selling pressure seen . Now consider support near 880 as long as remain above some dip to buy side, once break down, another 50 points down easily.

Some Technical Indicators:

R A N G E

High

Low

Close

5 DMA

10 DMA

50 DMA

100 DMA

200 DMA

Last Week Range – MCX                
52 Week Range – MCX 1066 900    
52 Week Range COMEX 16687 10215 12547 12736 12673 13163 13927 13625
Trend –Strategy-MCX Bullish Trend

Natural Gas –Sept.  228   

As we were continue writing a bullish and any decline to good buy side.  We are bullish above 200 mark and any decline to buy side. Trading above 50-100-200 DMA only bullish view.

Some Technical Indicators:

 

 

R A N G E

High

Low

Close

5 DMA

10 DMA

50 DMA

100 DMA

200 DMA

Last Week Range – MCX                
52 Week Range – MCX 209.40 185.70  
52 Week Range COMEX 3.61 2.53 3.002 3.040 2.981 2.887 2.884 2.850
Trend –Strategy-MCX Strong Bullish Trend

 

Aluminum –Sept.  153.20

Some recovery seen from a lower level and almost made a low last week 144 mark.  Now higher level resistance and supply zone is 150-152 range once successfully stay above, it will move like rocket. Above 152   any short will be danger.  Very hot.

Some Technical Indicators :

R A N G E

High

Low

Close

5 DMA

10 DMA

50 DMA

100 DMA

200 DMA

Last Week Range – MCX                
52 Week Range – MCX 175.25 136.50  
52 Week Range COMEX 2715 1978 2053 2045 2050 2055 2134 2160
Trend –Strategy-MCX Time for consolidation

ZINC –  Sept.  197

Very bullish trend   and it was mentioned in this column that above 180 some positive bias and once stay and crossover 185 strong move towards 195 to 200 and almost made a high 195 on Friday sessions.    It was clearly written in this column to trade above 180 first sign of bullish and stay above 185 – do not short in dream also, otherwise you will face financial problem and already made a high 197.

Some Technical Indicators :

R A N G E

High

Low

Close

5 DMA

10 DMA

50 DMA

100 DMA

200 DMA

Last Week Range – MCX                
52 Week Range – MCX 198 164.60  
52 Week Range COMEX 3595 2285 2596 2534 2477 2432 2714 3015
Trend –Strategy-MCX Ready for Trend Change

LEAD – Sept. 148.60

Overall trading range and time for consolidation side. Wait for break out in either side.

Some Technical Indicators:

R A N G E

High

Low

Close

5 DMA

10 DMA

50 DMA

100 DMA

200 DMA

Last Week Range – MCX                
52 Week Range – MCX 170 137.25  
52 Week Range COMEX 2685 1922 2032 2013 2028 2036 2227 2348
Trend –Strategy-MCX Time for consolidation.

http://www.3mteam.in