Thursday, 29 May 2014

Base metal trend today, buy sell nickel calls


base metal look in red sign as well as rupee made pressure today, crude oil invetory today and storage capacity increase in US so crude oil fail mere than 100 point now traded at 6080 level, made low of day is 6055.

LME inventory data today: 
aluminium -9150, copper +2675, Lead -1100, Nickel +3138, Tin +50, Zinc -1075
as look trend of mcx copper down ,evening moment
sell above 413.50 target 411,409,407 stoploss 415.50
sell nickel above 1118/20 target 1110,1100 stoploss 1127
buy Lead above 122.30 target 123,123.50,124 stoploss 121.50



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