Copper

 

We had initiated copper at Rs. 425.20. It has breached descending trend line and has formed rounding bottom now at cmp Rs.433.20 we have booked profit of Rs.8,000 per lot.

Nickel

 

 

Long in Nickel was initiated at Rs.899 before few days partial profit was booked at Rs.915 and now since it has reached Rs.927 which is its key resistance level we have booked profit and re entry will be done in later stages.

 

Performance of commodity calls in the month of November

 

Recommendation	Buy Price	Sell Price	Qty	Profit /Loss
Zinc	100.2	102.5	5000	11500
Lead	111.2	114	5000	14000
Crude Oil	4710	4650	100	-6000
Zinc	104.8	105.7	5000	4500
Copper	425.3	433.2	1000	7900
Nickel	899	927	250	7000
Total				38900

 

 

6 recommendations , 5 success , 1 failure , Rs.38900 profit and lot of information sharing for a throw away price of Rs.1500 per month. What else you want??

 

Nifty medium term trend

 

Trend	DOWN
Initiation Date	16-11-12
Initiated at	5574
Low since change	5549
Reversal if closes below	5800

 

 

Thought for the day

 

I know where I am going and I know the truth , and I don't have to be what you want me to be. I am free to be what I want. - Muhammed Ali.