This is what we mentioned on 29th October 2011.
Within these 2 months barely initiated a sell call.
On 2nd Jan, we recommend a sell as the Nymex was closed due to New Year and even in that trade our stoploss got triggerred.
Still, the pain is not over for the short-sellers.
Our previous post - refer archieves
Crudeoil
This commodity is expected to be on Fire in coming year.
This does not mean that Monday morning as soon as the MCX opens, you a buy a few lots of Crude Oil. Remember, this expiry it has already zoomed up to 4677 (Refer to my previous posts on this blog. We had given this target before 15 days.) from 4240. As of now, immediate resistances are placed at 4572 and 4627. Downside major support comes at 4417.
This does not mean that Monday morning as soon as the MCX opens, you a buy a few lots of Crude Oil. Remember, this expiry it has already zoomed up to 4677 (Refer to my previous posts on this blog. We had given this target before 15 days.) from 4240. As of now, immediate resistances are placed at 4572 and 4627. Downside major support comes at 4417.
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