Vijay Kumar

date_rangeJoined Jan 2019
people_outline4 followers
Today 12:09 PM
Vishal B in mcx-copper
I think no more ppl interested in copper
But still there is scope for upside movement
Today 4:37 AM
Today 3:47 AM
● Nifty index opened flattish and remained under pressure throughout the trading session to settle below 10650 zones. It formed an Inside Bar as it traded in the previous day’s range but supply pressure is intact at higher levels ● Now till it holds below 10750 zones it can slip towards 10580 then 10500 zones while hurdle is seen at 10777 then 10800 ● Max Put OI is at 10700 then 10400 strike while Max Call OI is at 11000 then 10800 strike. Put unwinding is seen at 10600 then 10500 strike while Call writing is seen at 10700 then 10800 strike. Option band signifies a lower shift in the trading range in between 10550 to 10850 zones ● India VIX moved up sharply by 10.40% at 18.17 levels. Sudden upside in the VIX restricts immediate upside in the near term ● Bank Nifty has broken is crucial support of 26666 zones and making lower highs - lower lows from last 7 trading sessions. It failed to surpass above 26850 zones and formed a Bearish Candle on daily scale as supply pressure is visible at higher levels ● Now till it holds below 26850 zones it could drag towards 26400 then 26250 zones while on the upside hurdle is seen at 26850 then 27000 zones ● Longs in IGL, Bharti Infratel, Jubilant Food and NiitTech ● Shorts in KPIT, Ambuja Cement, ITC and Engineers India
Feb 13 3:19 PM
344515 in mcx-copper
430 target
Feb 13 12:14 PM
Feb 12 3:20 PM
Gani Bhai in mcx-nickel
Positional traders Start Nickel selling from cmp 935 & upto 955/70 for 100 to 150 points 🤘🏻 Date : 5th feb Time : 8:47 pm (night) 👍
Any chances of reversal
Feb 12 12:21 PM
Vairamuthu-MCX in mcx-crudeoil
SELL CRUDEOIL 3780 - 3870TARGET 3720 - 3601 SL 3815
Is that 3770
Feb 12 4:10 AM
● Nifty index opened negative and slipped towards 10857 mark, however it traded in a smaller trading range of 50 points for most part of the session. It formed a Bearish Candle on a daily scale and forming lower highs - lower lows from last 2 trading sessions ● Now it has to hold above 10850 zones which is the 50% retracement from 10583 to 11118 levels while on the upside hurdles are seen at 10985 zones. If index fails to hold 10850 then profit booking could continue towards next support at 10777 ● Max Put OI is at 10400 then 10700 and 10500 strike while Max Call OI is at 11000 then 11200 strike. Put unwinding is seen at all the immediate strikes from 11100 to 10700 strikes while Call writing is seen at 10900 to 11100 strikes. Option band signifies a lower shift in the trading range in between 10800 to 11000 zones ● India VIX moved up by 1.73% at 15.84 levels. VIX needs to hold below 16 zones to extend its positive momentum towards 10985 ● Bank Nifty managed to hold 27150 zones but follow up buying was missing at higher levels to surpass 27350 zones. It has formed Dojis candle in last two sessions and forming lower lows on daily scale which suggests selling pressure is intact at higher levels ● Now it has to cross and hold above 27350 zones to extend its move towards 27500 then 27750 zones while support exists at 27000 then 26850 ● Longs in SunTV, UBL, NMDC and Concor ● Shorts were seen in Apollo Hospital, Nalco, IGL and L&T
 in MCX
Feb 5 5:24 AM
*Commodities in news:* - China's financial markets are closed all week for the Lunar New Year holiday. - For the day, market participants will be keeping an eye on the services PMI number that will be released from the US and Euro zone and better-than-expected number could extend gains for the greenback and weigh on the precious metal pack. - Whole basemetal pack soars during Chinese Lunar holidays. - Zinc commodity prices soars to six weeks high as on concerns over shortages due to falling stocks and delays to new capacity in China. Zinc output drops in 2018 in China according to survey of smelters by Antaike, Zinc output drops 4.6% with difference of 218000 tonnes. The Zinc 2018 output came actual at 4.53 million tonnes. - Copper rose for second session as expectations of a trade agreement between Washington and Beijing underpinned the market. - MCX Crudeoil reached to six weeks higher levels on supply concerns. - Russian Minister reported that Russia has been in full compliance with its pledge to gradually cut its oil production and production fell by 47,000 bpd. - Saudi Arabia is planning to cut crude exports to 7.1M bbl/day by the end of January.
Feb 2 5:12 AM
HIGHLIGHTS OF BUDGET 2019 Tax 1. Within 2 years, Tax assessment will be done electronically 2. IT returns processing in just 24 hours 3. Minimum 14% revenue of GST to states by Central Govt. 4. Custom duty has abolished from 36 Capital Goods 5. Recommendations to GST council for reducing GST rates for home buyers 6. Full Tax rebate upto 5 lakh annual income after all deductions. 7. Standard deduction has increase from 40000 to 50000 8. Exempt on tax on second self-occupied house 9. Ceiling Limit of TDS u/s 194A has increased from 10000 to 40000 10. Ceiling Limit of TDS u/s 194I has increased from 180000 to 240000 11. Capital tax Benefit u/s 54 has increased from investment in one residential house to two residential houses. 12. Benefit u/s 80IB has increased to one more year i.e. 2020 13. Benefit has given to unsold inventory has increased to one year to two years. Other Areas 14. State share has increased to 42% 15. PCA restriction has abolished from 3 major banks 16. 2 lakhs seats will increase for the reservation of 10% 17. 60000 crores for manrega 18. 1.7 Lakh crore to ensure food for all 19. 22nd AIIMS has to be opened in Haryana 20. Approval has to be given to PM Kisan Yojana 21. Rs. 6000 per annum has to be given to every farmer having upto 2 hectare land. Applicable from Sept 2018. Amount will be transferred in 3 installments 22. National kamdhenu ayog for cows. Rs. 750 crores for National Gokul Mission 23. 2% interest subvention for farmers pursuing animal husbandry and also create separate department for fisheries. 24. 2% interest subvention for farmers affected by natural calamities and additional 3% interest subvention for timely payment. 25. Tax free Gratuity limit increase to 20 Lakhs from 10 Lakhs 26. Bonus will be applicable for workers earning 21000 monthly 27. The scheme, called Pradhan Mantri Shram Yogi Mandhan, will provide assured monthly pension of Rs. 3,000 with contribution of Rs. 100 per month for workers in unorganized sector after 60 years of age. 28. Our government delivered 6 crores free LPG connections under Ujjawala scheme 29. 2% interest relief for MSME GST registered person 30. 26 weeks of Maternity Leaves to empower the women 31. More than 3 Lakhs crores for defence 32. One lakh digital villages in next 5 years 33. Single window for approval of India film makers
Feb 1 3:28 AM
Any views about copper today