Manish Damani

[neerav thakkar]

Crude could give more correction in nymex. But i would like watch today its behavior in day time as rs/$ behavior could make our equation debalanced show friends wait for evening dont trade in day time in crude atleast for today. Those who are looking this thread and trading. It has fallen in nymex but due to rs/$ not showing his effect. I am posting on supp/resis only better trade after 5. Today is inventory too. Api data is not very negative for crude.
Crude
pv-$94.11
r1/2/3- $94.58/95.34/95.81
s1/2/3-$93.35/92.88/92.12

yes vl wait for evening session..

 

[MANISH_DAMANI]

Do ppl here trade metals too? if yes, what are your views ? I am short Aluminium and zinc , what others think

Ok I will try but my suggestion in metals trade- copper, silver, gold.Other base metals could be risky as many times it goes against expectation and I am also feeling helpless many times.If you want to trade in base metals then go for copper. I have given a cal few days earlier in it and my target already achived of rs 10-15. it gives approx rs12.
MCX
almunium-
pv-110.77 , R1/2/3-111.83/112.52/113.58, s1-110.08. for positional as per charts stay with stoploss 115. target dont 105-106 possible only when 20-50 ma crosssover in daily chart . Work with strict stoploss as you have shorted at wrong level if shorted at these level. But if shorted at rs 114-113 then better stay in trade with sl 115.
ZInc-
pv-108.3, r1/2/3-109/109.40/110.10. s1-107.90. same with zinc. keep SL of 111 for positional. target 104-105 if crossover -20-50ma happens.
But I am not expert for these two commodities as I am not trading them. Its my just view it may or may not be correct.
when ever I see any major is happening possible in my view in copper I will post it. Right now I am able to post only for crude Intraday. Give some time I will give you my view on other commodities soon.

 

[trade2411]

Ok I will try but my suggestion in metals trade- copper, silver, gold.Other base metals could be risky as many times it goes against expectation and I am also feeling helpless many times.If you want to trade in base metals then go for copper. I have given a cal few days earlier in it and my target already achived of rs 10-15. it gives approx rs12.
MCX
almunium-
pv-110.77 , R1/2/3-111.83/112.52/113.58, s1-110.08. for positional as per charts stay with stoploss 115. target dont 105-106 possible only when 20-50 ma crosssover in daily chart . Work with strict stoploss as you have shorted at wrong level if shorted at these level. But if shorted at rs 114-113 then better stay in trade with sl 115.
ZInc-
pv-108.3, r1/2/3-109/109.40/110.10. s1-107.90. same with zinc. keep SL of 111 for positional. target 104-105 if crossover -20-50ma happens.
But I am not expert for these two commodities as I am not trading them. Its my just view it may or may not be correct.
when ever I see any major is happening possible in my view in copper I will post it. Right now I am able to post only for crude Intraday. Give some time I will give you my view on other commodities soon.

Yes sir, Am short Aluminium with Sl 111.8 to 112 and zinc with SL more than 109.5 . I trade them positionaly, and i mostly scalp in crude for about 7-10 pts

 

[trade1111]

Yes sir ,will wait till evening .

 

[MANISH_DAMANI]

CRUDE MADE A LOW OF 5102. I was having trust on me but scared for you guys as I dont what is ur risk appetite.Yesterday I have told it will come to 5100 or below but due to rs/$ day wont favored my calls.Actually when ever enI am doing any trade I am 80to 90% sure. Even it go against me then also I wait for some time if chart shows me chances of reversal. Scalping is different thing.But positional trading whether intraday or swing or short term in that we have to infuse common sense many time after hitting stoploss price reversed why bec that is not a real place to put stoploss. Stoploss should be kept at R1/2/3 and some other way also for safe stoploss but all not possible to discuss.So for safe trading use support resistance to decide safety of trade then Indicators, then patterns because they could work in exceptions. Only knowing tools is not enough something more is required .So frds keep these small things in your trading techniques could help you hope.

 

[MANISH_DAMANI]

For next 6-7 days gold could trade witd negative bias. It could give some $20-30 correction anytime. so you can use rally to shorts.Same thing going to happen in silver after tomorrow.So buyer be cautious and trade with stoploss. copper also have probability to fall so use an rally for sell .Stoploss 455.

 

[TraderRavi]

inventory data is low, than expected, as per API..chances are of spike....in the evening...

 

[MANISH_DAMANI]

inventory data is low, than expected, as per API..chances are of spike....in the evening...

Ya you are correct that's why waiting for correct opportunity from our side as by yesterday I decide to give live calls on evening so that more perfection eveolved. Secondly use API data as reference. As you seen fall as it is discounting it. Thirdly some time market also ignores data as it is necessary to give technically correction or bounce. So better more concentrate on charts. Some big issue like war,stimulus etc. is different thing. So be cautious and sure then trade instead of speculation this will happen or that will happen because exact report always come late to us. So take care. :thumb:

 

[MANISH_DAMANI]

Sorry friends actually slept but now i am available.

 

[MANISH_DAMANI]

sell at 5122 stoploss 5126 for 10-15 points