nifty closes above crucial 4600 and 4693 is on cards.
quick update on commodities(follow up short term view):
mcx crude: mcx crude reversed again into short term bullishness, closing above say 3350 can extend gains upto 3500. nymex crude is already looking bullish after brkout toward 73-74 lvls.
gold: gold showing some signs of recovery, but confirmation of short term uptrend closing above resis of $959/oz, if brkout happens can rub the bullishness on domestic prices.
copper: no better commodity than copper which is maintaining its strong uptrend, 265 held very well and bounced off.
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past short term calls follow-up/performance***(stocks to watch)
date,stock,reco price,high,% gain at high
***all analysis are based on self chart study only, actual trading gains may vary.
disclaimer:
Twitter nifty intraday trading Updates
Monday, August 3, 2009
some updates...
Posted by
abhay r somkuwar
at
10:59 AM
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2 comments:
Well said...
No better commodity than copper...
Thanks for your views
thanks sujatha:), ya copper upmove is more clear taking position easier, whereas gold etc volatile in a range.
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