Monday, November 28, 2011

Chat Transcript :Gaurav Katariya, Technical Analyst

Gaurav Katariya: Hello,everybody...welcome to the chat
saket.jhalani: and what is tha trading intrady idea for trade in cooper and nickel
Gaurav Katariya: Copper and Nickel are marching towards November contract expiry.Taking clues from Open-interest and volume studies,both the base metals can built-up momentum on the base of strong opening today.But this will mean a VERY DISCIPLINED trading strategy to be applied with strict stop.Ideally,buy copper arnd 382-381 with stop below 377 and expect higher range of 388-390.Buy nickel above 905 with stop below 887 & expect rangea arnd 930-935 to be tested.
saket.jhalani: GM gaurav........... i have an short position in gold @ 28652 and in crued @ 5123 can u suggest me the stop loss and possible tgt for intraday..........
Gaurav Katariya: Keep stop above 28750 in gold and cover short position arnd 28550-28530.Since the opening is strong today in gold,it can built up strong buying to test resistance at 28850.In crude ,keep stop above 5160 and look for anything between 5100-5080 to cover your positions.
shravanmj: Hi gourav, I am short in zinc nov at 99.10 Should i wait or book loss.
Gaurav Katariya: Exit from your short positions.Zinc is looking strong atleast till Nov expiry.
manjil.kmr: hiii gaurav i hv short position on copper feb 1 lot@383.so wht to do sir.
Gaurav Katariya: Keep stop above 392 and look to cover short arnd 384-382 as Nov contract expiry factor can bring some spark in prices.
damacherla: Hi , i have brought lead @103.4 on friday . plz advice
Gaurav Katariya: if you are long in Nov contract than can book profit as your tade is in profit but if your outlook is long term than look to shift in Dec contract before 30th Nov.Overall,lead is looking bullish and may test 106-108 range in Nov contract.
arahan168: Whats your outlook in Cotton, Kapas & Turmeric April.
Gaurav Katariya: Turmeric Dec contract is looking to decline further towards 4450-4400 levels before attempting to move higher.Kapas Feb 2012 contract may find support at 688-685 range and buying with mid-term perspective can be initiated if this levels are tested.
Gaurav Katariya: Thats all for the day...May you all trade with wisdom...Happy trading

Gaurav Katariya: Hello,everybody...welcome to the chat
saket.jhalani: and what is tha trading intrady idea for trade in cooper and nickel
Gaurav Katariya: Copper and Nickel are marching towards November contract expiry.Taking clues from Open-interest and volume studies,both the base metals can built-up momentum on the base of strong opening today.But this will mean a VERY DISCIPLINED trading strategy to be applied with strict stop.Ideally,buy copper arnd 382-381 with stop below 377 and expect higher range of 388-390.Buy nickel above 905 with stop below 887 & expect rangea arnd 930-935 to be tested.
saket.jhalani: GM gaurav........... i have an short position in gold @ 28652 and in crued @ 5123 can u suggest me the stop loss and possible tgt for intraday..........
Gaurav Katariya: Keep stop above 28750 in gold and cover short position arnd 28550-28530.Since the opening is strong today in gold,it can built up strong buying to test resistance at 28850.In crude ,keep stop above 5160 and look for anything between 5100-5080 to cover your positions.
shravanmj: Hi gourav, I am short in zinc nov at 99.10 Should i wait or book loss.
Gaurav Katariya: Exit from your short positions.Zinc is looking strong atleast till Nov expiry.
manjil.kmr: hiii gaurav i hv short position on copper feb 1 lot@383.so wht to do sir.
Gaurav Katariya: Keep stop above 392 and look to cover short arnd 384-382 as Nov contract expiry factor can bring some spark in prices.
damacherla: Hi , i have brought lead @103.4 on friday . plz advice
Gaurav Katariya: if you are long in Nov contract than can book profit as your tade is in profit but if your outlook is long term than look to shift in Dec contract before 30th Nov.Overall,lead is looking bullish and may test 106-108 range in Nov contract.
arahan168: Whats your outlook in Cotton, Kapas & Turmeric April.
Gaurav Katariya: Turmeric Dec contract is looking to decline further towards 4450-4400 levels before attempting to move higher.Kapas Feb 2012 contract may find support at 688-685 range and buying with mid-term perspective can be initiated if this levels are tested.
Gaurav Katariya: Thats all for the day...May you all trade with wisdom...Happy trading

Gaurav Katariya: Hello,everybody...welcome to the chat
saket.jhalani: and what is tha trading intrady idea for trade in cooper and nickel
Gaurav Katariya: Copper and Nickel are marching towards November contract expiry.Taking clues from Open-interest and volume studies,both the base metals can built-up momentum on the base of strong opening today.But this will mean a VERY DISCIPLINED trading strategy to be applied with strict stop.Ideally,buy copper arnd 382-381 with stop below 377 and expect higher range of 388-390.Buy nickel above 905 with stop below 887 & expect rangea arnd 930-935 to be tested.
saket.jhalani: GM gaurav........... i have an short position in gold @ 28652 and in crued @ 5123 can u suggest me the stop loss and possible tgt for intraday..........
Gaurav Katariya: Keep stop above 28750 in gold and cover short position arnd 28550-28530.Since the opening is strong today in gold,it can built up strong buying to test resistance at 28850.In crude ,keep stop above 5160 and look for anything between 5100-5080 to cover your positions.
shravanmj: Hi gourav, I am short in zinc nov at 99.10 Should i wait or book loss.
Gaurav Katariya: Exit from your short positions.Zinc is looking strong atleast till Nov expiry.
manjil.kmr: hiii gaurav i hv short position on copper feb 1 lot@383.so wht to do sir.
Gaurav Katariya: Keep stop above 392 and look to cover short arnd 384-382 as Nov contract expiry factor can bring some spark in prices.
damacherla: Hi , i have brought lead @103.4 on friday . plz advice
Gaurav Katariya: if you are long in Nov contract than can book profit as your tade is in profit but if your outlook is long term than look to shift in Dec contract before 30th Nov.Overall,lead is looking bullish and may test 106-108 range in Nov contract.
arahan168: Whats your outlook in Cotton, Kapas & Turmeric April.
Gaurav Katariya: Turmeric Dec contract is looking to decline further towards 4450-4400 levels before attempting to move higher.Kapas Feb 2012 contract may find support at 688-685 range and buying with mid-term perspective can be initiated if this levels are tested.
Gaurav Katariya: Thats all for the day...May you all trade with wisdom...Happy trading
Gaurav Katariya: Hello,everybody...welcome to the chat
saket.jhalani: and what is tha trading intrady idea for trade in cooper and nickel
Gaurav Katariya: Copper and Nickel are marching towards November contract expiry.Taking clues from Open-interest and volume studies,both the base metals can built-up momentum on the base of strong opening today.But this will mean a VERY DISCIPLINED trading strategy to be applied with strict stop.Ideally,buy copper arnd 382-381 with stop below 377 and expect higher range of 388-390.Buy nickel above 905 with stop below 887 & expect rangea arnd 930-935 to be tested.
saket.jhalani: GM gaurav........... i have an short position in gold @ 28652 and in crued @ 5123 can u suggest me the stop loss and possible tgt for intraday..........
Gaurav Katariya: Keep stop above 28750 in gold and cover short position arnd 28550-28530.Since the opening is strong today in gold,it can built up strong buying to test resistance at 28850.In crude ,keep stop above 5160 and look for anything between 5100-5080 to cover your positions.
shravanmj: Hi gourav, I am short in zinc nov at 99.10 Should i wait or book loss.
Gaurav Katariya: Exit from your short positions.Zinc is looking strong atleast till Nov expiry.
manjil.kmr: hiii gaurav i hv short position on copper feb 1 lot@383.so wht to do sir.
Gaurav Katariya: Keep stop above 392 and look to cover short arnd 384-382 as Nov contract expiry factor can bring some spark in prices.
damacherla: Hi , i have brought lead @103.4 on friday . plz advice
Gaurav Katariya: if you are long in Nov contract than can book profit as your tade is in profit but if your outlook is long term than look to shift in Dec contract before 30th Nov.Overall,lead is looking bullish and may test 106-108 range in Nov contract.
arahan168: Whats your outlook in Cotton, Kapas & Turmeric April.
Gaurav Katariya: Turmeric Dec contract is looking to decline further towards 4450-4400 levels before attempting to move higher.Kapas Feb 2012 contract may find support at 688-685 range and buying with mid-term perspective can be initiated if this levels are tested.
Gaurav Katariya: Thats all for the day...May you all trade with wisdom...Happy trading
Gaurav Katariya: Hello,everybody...welcome to the chat 

saket.jhalani: and what is tha trading intrady idea for trade in cooper and nickel 
Gaurav Katariya: Copper and Nickel are marching towards November contract expiry.Taking clues from Open-interest and volume studies,both the base metals can built-up momentum on the base of strong opening today.But this will mean a VERY DISCIPLINED trading strategy to be applied with strict stop.Ideally,buy copper arnd 382-381 with stop below 377 and expect higher range of 388-390.Buy nickel above 905 with stop below 887 & expect rangea arnd 930-935 to be tested. 

saket.jhalani: GM gaurav........... i have an short position in gold @ 28652 and in crued @ 5123 can u suggest me the stop loss and possible tgt for intraday.......... 
Gaurav Katariya: Keep stop above 28750 in gold and cover short position arnd 28550-28530.Since the opening is strong today in gold,it can built up strong buying to test resistance at 28850.In crude ,keep stop above 5160 and look for anything between 5100-5080 to cover your positions. 

shravanmj: Hi gourav, I am short in zinc nov at 99.10 Should i wait or book loss. 
Gaurav Katariya: Exit from your short positions.Zinc is looking strong atleast till Nov expiry. 

manjil.kmr: hiii gaurav i hv short position on copper feb 1 lot@383.so wht to do sir. 
Gaurav Katariya: Keep stop above 392 and look to cover short arnd 384-382 as Nov contract expiry factor can bring some spark in prices. 

damacherla: Hi , i have brought lead @103.4 on friday . plz advice 
Gaurav Katariya: if you are long in Nov contract than can book profit as your tade is in profit but if your outlook is long term than look to shift in Dec contract before 30th Nov.Overall,lead is looking bullish and may test 106-108 range in Nov contract. 

arahan168: Whats your outlook in Cotton, Kapas & Turmeric April. 
Gaurav Katariya: Turmeric Dec contract is looking to decline further towards 4450-4400 levels before attempting to move higher.Kapas Feb 2012 contract may find support at 688-685 range and buying with mid-term perspective can be initiated if this levels are tested. 

Gaurav Katariya: Thats all for the day...May you all trade with wisdom...Happy trading 

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