buy copper

buy copper @ cmp 399 for the tgt of 409, positional call. sl should be 394, wish you best luck.

Update 25 jan 2017 -- Tgt  nearly achived, enjoy profits. thank you. Profit Rs 10000 on single lot. Enjoy.

Natural Gas

Enter new short position in NG. Positional trade. Expected tgt 190.
Update 1 -- 23 jan 2017, 11.42 am , cmp is 217, wait for the given tgt of 190.
Update 2 -- 31 jan 2017, 03.44 pm , 

After so many up & downs, finally we are in profit. As shown in the chart with blue color arrow, we enter in short position between Rs 228 -- 224. Now we are in new contract & latest price of NG is 216. If we take Rs 224 as shorting price, ( which is lowest price of the day on which we enter the trade ) we have 6 points of profit in our hand. But I suggest you to wait for tgt. Thank you. I am predicting that after breaking 212 on downside, NG will touch our tgt of 190 within few hours. 

update 3 --  see the chart below. NG is @ 213. Our shorting price is between 228 -- 224. we are in more than 10 points profit, that means if we sold a single lot, then we have more than Rs 12,500 in our hand now. I suggest to wait for tgt of Rs 190. After breaching 212 mark NG should tumble down to Rs 190 in no time. 

Update 4 - 3/2/2017,  01.57 pm

See the magic of dow theory. Lower tops & lower highs. If the price go below 2nd low of 210.50 and stay there for a while , then it will tumble down very very fast. I suggest to hold the short position for the prior mentioned tgt of 190. Jay shriram.

Update 5, 8th Feb 2017, 05.02 pm

NG Price should go to touch 202. It has support there, otherwise it is in downtrend. Yes we are in a short position since last 20 days, but we are in a good profit also. Look @ the chart study.

update 6, 10/02/2017, 06.27 pm,

Look @ the chart given below, NG price is trading on support line of 202, if it break it, then its good for us. But if it take support then it will bounce back, so keep the sl of 206 for our profitmaking short position. thank you.

Update 7 -- 13th Feb 2017, 12.27 pm

Cmp of NG is Rs 200 around. We entered short 24 days ago. Now we have 24 to 28 points profit in hand, that means more than Rs 30000 profit in single lot.

Book all the profit & exit the trade. Jay Shriram. Trade closed.