correction: Update: Intra day Prediction for commodities,Gold, Silver oil prediction for aug 31,2009

please note the correction in gold futures price. recommended buying price cannot be higher than prevailing price as erroneously given in update few mts back

1. Buy pepper futures ( not sell) at Rs 14400 and 14300(one lot each) now at Rs 14450.

 

2. Buy gold futures ar Rs 15110 and 15115 now Rs 15126.

 

 

3. Buy silver futures at Rs 23550 and rs 23500 now at Rs23650

 

Usual disclaimers apply. protect profits once gain of rs 5000 ismade with trailing stop loss of Rs 500. on both gains and loss

 

Prediction posted in pre market hours:

 

 

all predictions are for futures traded on NCDEX  or MCX. Spot prices  when quoted in $( such as gold,silver,oil) may have different variability.For some of these specific buy or sell calls may be given during the day.

 

Gold: Futures likely to gain after initial correction and may move up in late afternoon. Buy futures on any correction in morning.gold futures can be shorted in morning.

 

silver: short silver futures in morning if it opens with gain. Buy futures in evening-late afternoon.

 

Turmeric: Short turmeric futures on any initial gain. Buy futures after first is profitable by afternoon

 

 

Pepper: volatile trade. If pepper opens with correction, buy future. it can be shorted in afternoon

 

 

 

Crudeoil: Buy oil futures if opens with correction. Oil can be shorted in morning if flat or positive.

 

$ vs Re: dollar futures may gain after initial correction.buy futures in morning after any rupee depreciation

 

disclaimer: usual risk disclaimers apply