Commodity Outlook & Intraday Trading Strategy Today 7th May 2015

Commodity Outlook & Intraday Trading Strategy For Today 7th May 2015-

Exchange	Commodity	Expiry	S1	S2	Last Trade	R1	R2	Intraday Trend	Recommendation
MCX	Gold	05'June	26790	26675	26911	27025	27130	Bullish	Buy at S1 TGT R1 SL 26750
MCX	Silver	05'July	37565	37110	37992	38450	38870	Sideways	Wait for call
MCX	Copper	30'June	411.4	407	414.95	418	422	Sideways	Wait for call
MCX	Nickel	30'May	872	851	892.4	908	1013	Bearish	Sell at R1 TGT S1 SL 1013
MCX	Zinc	30'May	150.3	149.2	151.5	152.5	154	Bearish	Sell at Cmp TGT S1 SL 152.50
MCX								Sell at R1 TGT S1 SL 135.35
MCX	Lead	30'May	132.4	131.15	133.15	134	135.35	Bearish	Sell at R1 TGT S1 SL 135.35
MCX	Aluminum	30'May	120.8	119.7	121.85	122.7	124	Bearish	Sell at R1 TGT S1 SL 124
MCX	Crude Oil	18'May	3832	3765	3882	3955	4016	Sideways	Expecting some intraday corrections.
MCX	Mentha Oil	30'May	963	947	978.5	983	1005	Bearish	Sell at R1 TGT S2 SL 1005
NCDEX	Cotton	30'May	16510	16370	16640	16730	16860	Bearish	Sell at R1 TGT S1 SL 16860
NCDEX	Chana	20'May	4432	4370	4477	4530	4587	Bullish	Buy at S1 TGT R1 SL 4403
NCDEX	Soya Bean	20'June	4165	4123	4211	4276	4325	Bullish	Buy at S1 TGT R1 SL 4186
NCDEX	Soya Oil	20'June	586	582	592.9	597	603	Sideways	Wait for call
NCDEX	RM Seed	20'May	3866	3823	3902	3965	4011	Bullish	Buy at S1 TGT R1 SL 3823
NCDEX	Cocud cake	20'May	1825	1803	1843	1887	1912	Bullish	Buy at S1 TGT R1 SL 1803
NCDEX	Jeera	20'May	17245	17110	17395	17525	17660	Bearish	Sell at R1 TGT S1 SL 17660
NCDEX	Turmeric	20'May	8187	8075	8312	8390	8500	Bearish	Sell at R1 TGT S1 SL 8500
NCDEX	Dhaniya	20'May	10540	10470	10625	10710	10835	Bullish	Buy at S1 TGT R1 SL 10470
NCDEX	Castor seed	20'May	3692	3625	3722	3800	3885	Bullish	Buy at S1 TGT R1 SL 362

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