Monday, May 23, 2011


Mcx:

ON 19-5-11, WE RECOMMENDED "INTRADAY+POSITIONAL" SELL CALL ON COPPER @409.75,

WE SAID COPPER IS UNABLE TO SUSTAIN ABOVE 413, PRESSURE IS BUILDING BELOW 410 MARK,

ONE CAN GO SHORT FOR INTRADAY & POSITIONAL FROM THE CURRENT LEVEL OF 409.75,

SEE THE IMPACT OF OUR RECOMMENDATION, CURRENTLY COPPER IS TRADING BELOW 405 MARK, OUR FINAL TARGET WAS 396,

WE ARE EXPECTING IF COPPER BREAKS 398-395 MARK, IT MAY DRAG TOWARDS 389-383 MARK IN COMING DAYS.