INTRA DAY TRADING STRATEGY
GOLD FEBRUARY: Gold needs to hold 13000 to target 13200 and 13300 once again. On the lower side a fall below 12950 will result in 12750.
Jobbers: Buy gold around 12950 and on dips as long as 12880 holds but keep on booking profits till 13100 is not broken.
Day traders: Buy around 13000 and on dips as long as 12940 holds OR sell over 13200 till 13300 is not broken.
SILVER MARCH: Silver needs to hold 16900 to prevent a fall to 16600 and 16300. Intra day we prefer to buy only on a break of 17400.
Jobbers: Sell around 17450 and on rise till 17550 holds stop loss Rs.150 per trade OR buy silver if it does not break 17000.
Day Traders: Buy on dips as long as 17300 holds OR sell if silver does not break 18000 today.
COPPER FEBRUARY: Copper fails to break 152 by Friday then it will fall to 138 and 130
Jobbers :Sell around 146-148 zone stop loss over 151.
Day Traders: Buy around 138 stop loss 135 OR sell on rise till 152 is not broken.
ZINC DECEMBER: For the rest of December the downside/lower side for zinc will remain limited to 45. Day traders buy zinc around 53.50-54.0 stop loss 52.50 target 58.0
NICKEL DECEMBER: Intra day we prefer a sell on rise strategy as long as Nickel does not break 502.
CRUDE OIL (1st Contract): 1974 is the key support and below that 1800 is the key support. Crude oil is bearish below 2140.
LEAD DECEMBER: Till 31st December, I do not expect lead to fall below 37.00. Intra day buy around 41-41.50 stop loss below 39.90.
