Market out look dated 30TH April 2018

Market Trend Break out in Nifty  - Above 10750  - New High Only Buy    - Market are finally up side break out with decent volume and closed above 10650 mark Remain long side, Intra day dip to buy side, Pharma sector looks good and ready to up move and likely test 9500-10000 mark.  Private Bank stocks also loking very hot and buy side. PSU bank some up side seen but higher level to sell side. Nifty  Spot Market finally break out at upper level .  Now consider support 10650-10638  and up side crossover 10737-10750, up side towards 10800 and above.  Intra Day Scaneario :     Trend bullish,  10650……… Weekly Scaneario :    Best : 10900  Worst case : 10550 3month Scaneario :  Best Case –11200 Worst case 9145. Nifty Future  Trend is bullish   - Buy around 10690-10695 stop loss 10650 target 10750-10780-1800   Bank Nifty Bank Nifty Future  :                   After correction, firt day of new series, heavy buying and short covering seen and resulted finally it was closed above 25250 with successfully  with decent volume and major long seen in market.  As long as above 25250 upside towards towards 25750 – taken out successfully likely test new high. Intra Day Scaneario :     Trend bullish, support   25000 Weekly Scaneario :    Best : 26000 – Worst case :  24800 3month Scaneario :  Best Case – 27500  Worst case 24500   Now time to buy around 25350 + stop loss 25200 target 25500-25600-25750

Market out look dated 26th April 2018

Market out look dated   25^th   April  2018

Nifty Trading Range 10500  to 10640  (Ready for Break out)

Bank Nifty Below 25000  - bearish

  Market out Look   :              Market are continue in trading zone of last 13 sessions and fighting of bulls and bears are continue but we expect that today or tomorrow, break out this range either side and market will take direction which will be added another 100 to 150 points sharply.   As today expiry of FO series so high volatility and wide range in market.  As today Axis Bank and Yes Bank will delivery their numbers so it must watch and will decide the Bank Nifty trend.  As long as holding these range time to avoid any trade in Index and concentrate stock specify, however, professional traders may trade on sell on resistance and buy on support level with tight stop loss.

Nifty   :                Yesterday again Nifty reverse from their resistance level 10630 and made a low 10536 but some support it was closed at 10570.   Over all trend is side ways with consider resistance 10630-10650 and support is 10500 watch out. Once crossover 10640   non stop target 10705 and above.

 Intra Day Scaneario :     Trend bullish, support   10500

Weekly Scaneario :    Best : 10705 – Worst case : 10400.

3month Scaneario :  Best Case – 10600-11000 Worst case 9145.

Bank Nifty Future  :                 Once Bank Nifty break down their support level 25250 , weakness continue and finally it was made a low 24705.  After 1800  points sharp up move correction are imminent.   Now down side support 24500-24550  whereas resistance at    24900-25000   mark.

Intra Day Scaneario :     Trend bullish, support   24800

Weekly Scaneario :    Best : 25700 – Worst case :  24650

3month Scaneario :  Best Case – 25750  Worst case 24500  

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Market out look dated 25th April 2018

Market out look dated   25th   April  2018 Break out in Nifty  Above 10650   Market out Look   :             Market are finally closed above 10600 mark and lower level decent strength seen in market  and smart bounce back seen.  However, USA Bond Yield are continue pressure in market and coming days it will attract selling pressure at higher level.   Pharma, Pvt. Sector Banking looking good and buy side.   Any dip to buying opportunity in market. Nifty   :               Consider support 10550-10510-10500, resistance 10640-10650, trade and sustained above big short covering in market.  Intra Day Scaneario :     Trend bullish, support   10515 Weekly Scaneario :    Best : 10705 – Worst case : 10400. 3month Scaneario :  Best Case – 10600-11000 Worst case 9145. Bank Nifty Future  :                Bank  Nifty are continue in selling pressure at higher level with consider resistance 25200-25250  and support 24800  break down these level, over all selling in market.    Intra Day Scaneario :     Trend bullish, support   24800 Weekly Scaneario :    Best : 25700 – Worst case :  24650 3month Scaneario :  Best Case – 25750  Worst case 24500   Results on 24th  April  :      M&M Finance, Stretch, Ultratec, IBREAL, Wipro. www.3mteam.in More details call 9630466296  /9301302732

Market out look dated 24th April 2018

Market out look dated   24th  April  2018 Nifty Ready to Break above 10640 Decent support 1500.   Market out Look   :            Market are continue in trading range and intra day it was made a high but supply pressure at higher level and finally it was closed below 10600 mark. However, over all heavy buying and support seen in across the sector and short covering in PSU banks resulted it was closed with a green note.  Over all trend is as long as Nifty hold 10480 mark. Nifty   :               Consider support 10550-10500 and 10480, resistance at higher 10610-10640 watch out crossover heavy short covering towards 10705 without any pause likely. On option front  :     Highest put seen at 10500 and 10400 and Highest call at 10700 and 10600 mark.  Intra Day Scaneario :     Trend bullish, support   10536 Weekly Scaneario :    Best : 10705 – Worst case : 10400. 3month Scaneario :  Best Case – 10600-11000 Worst case 9145. Bank Nifty Future  :                Bank Nifty are continue in weakness and against it was made a previous low 24800 .  Over all short term trend is bearish as long as below 25250 as remain below down wise open 24750-24500.  Higher level once crossover 25250 with volumeand stay one day up side gate open towards 25750. Intra Day Scaneario :     Trend bullish, support   24800 Weekly Scaneario :    Best : 25700 – Worst case :  24650 3month Scaneario :  Best Case – 25750  Worst case 24500   Results on 24th  April  :     Bharti AirTel, TV 18 Broadcast, Persistent, IDFC Bank, GIC Housing, ICICIPruli. www.3mteam.in More details call 9630466296 /9301302732

Market out look dated 23RD April 2018

Market out look dated   23RD  April  2018 Nifty trading range 10490 to 10600-10632   Swing Trading – Buy – Sell – Hold   Market out Look   :          Last week market trade in narrow range and it was made a low  10394 and made a high 10594  and almost 200 points and point out that lower level strong buying forces in market and higher level selling opportunity.  However, on Friday smart buying seen at lower level and next week market likely full bull grip and fresh break out likely.  Last week, IT stocks outperform and TCS join a 6 lacs crore club due to excellent result.   Over all trend is bullish  with consider support 10400  and once crossover resistance zone, smart buying and fresh short covering likely.   On the other side, HDFC Bank delivered a better than excellent result, so all banking stocks in a good note opening.  Nifty   :              Nifty  continue in positive side and almost on weekly basis closed with the highest level.  On the other hand on weekly chart higher high and higher low formation made resulted more up side in coming days.  Now we may consider support 10400-10410  and crossover today 10600, first target 10632, thereafter big short covering likely which will go towards 10705.   Buy on decline or panic, short is not a good Idea. On option front Highest  call stood at 10700 and 10600 call. Call from 10500 to shifted at higher level and bulls in upper hand. On the put side highest put stood at 10500 and 10400 which indicate bears group  consider support 10500-10400 in this series and do not think market will go down below that level.          Intra Day Scaneario :     Trend bullish, support   10550 Weekly Scaneario :    Best : 10705 – Worst case : 10400. 3month Scaneario :  Best Case – 10600-11000 Worst case 9145. Bank Nifty Future  :                On Friday major break down seen in Bank Nifty and finally break down support level but bounce back from lower level but closed with a loss of 150 points.  On the other side , major short seen in Private Sector Banks like, Axis Bank, Yes Bank, and ICICI Banks and with added substantial open interest.  On the flip side some PSU bank also participated to drag down in Bank Nifty which is Can Bank,  Bank of India, Union Bank, OBC, SBI and some short covering seen in BOB.   On the positive side, HDFC Bank closed with a green note with decent break out and added open interest and finally delivered a excellent result and likely on Monday this will be a supreme of Banking stocks on Monday trading  and likely some short covering we will see in banking stocks.   So time being we may consider Friday low is support and till not break up side towards 25250-25500-25750. Intra Day Scaneario :     Trend bullish, support   24950 Weekly Scaneario :    Best : 25700 – Worst case :  24800 3month Scaneario :  Best Case – 25750  Worst case 24500   Some FO Ques   :   Long Side   :      Mind Tree  Bata India, SRF, Apollo Tyres, Infosys, TCS Short  Side  :   Can Bank, Yes Bank, Bank of India, PNB, Biocom. Results on 23rd April  :  Bharat Finance, LIC Housing, Reliance Infra, Infra Tel, GNFC, Delta Corporation www.3mteam.in More details call 9630466296  / 9301302732

Commodity market up dated  20^th  March   2018

Gold  (31598) :  Over all trend is bullish and your stop loss for long….. already gained 350 points.

Silver(40635) :    Trend is bullish with stop loss 30900  hold long position.

Crude Oil (4529) : Time to pause due to ease of tension, however, trend is bullish.  As long as holding 4000  mark up side towards 4500 4800 range in coming days.  Trading level….. Any dip to buy side.  Long already gained 300 points and holding long with trailing stop loss.

Natural Gas(176.70) :    Break down support level and unable to cross resistance level which is placed at 184.  So sell on rise strategy..

Aluminium (165.30) :   Yesterday it was mentioned that above 171  sharp move and made a high 178.85 and intra day advised to sell below 175 with stoop loss 181 target 170 165  and achieved the same and gained a 10 points i.e. 50000  on intra day.   Now what next, after sharp rise avoid buy side and lion heart traders can sell with tight stop loss.

Copper(456.95)  :   From the low 440 our target 461 have been achieved.  Today again decline to buy with stop loss………?  Our long call gained 21 points .

Nickel  (1003) :  As mentioned long above 910 and our first 990 and 1050  and advised to book profit. Yesterday  heavy volatility seen and made a high 1095   and finall big sell off and fresh short resulted it was closed below 1000. Mark.  Yesterday our short call made a profit of 60 points on intra day. From 910 to 1095.  190 points gained in 5 sessions.

Lead  (156):    Yesterday we long above 156 and our target 158   159 have been achieved. Still waiting for break out at upper level.   Now time to  avoid. Once break out at higher level,  big move can not be ruled out.

Zinc (208.05) :    As short term we have long above 208 and our target 216 have been achieved and almost gained 8 points i.e. 40000  in three trading sessions. Now once crossover……….. and stay above……………up side towards 240-250.  More confirmation awaited.

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Market out look dated 20th April 2018

Market out look dated   20^th   April  2018

Nifty trading range 10490 to 10600-10632  

  Market out Look   :          Market open with a good note but whole the day   moving a very narrow range say   30-40 points and closed almost days high.  Over all short term trend is bullish and we are expecting sonner or later, Nifty will cross this range, thereafter time to again long side.  Till not cross trading range, sell on rallies and buy on dips strategy follow.   Over all stocks specify movement in market continue and concentrate result stocks. Heavy buying seen in Metal sector due to  short of all metals resulted big spurt and substantial open interest added in  HIndalco, VEDL, SAIL, Tata Steel, Nalco  along with major delivery buying also seen.  On the flip side, due to strength of crude, big sell of seen in oil marketing companies like, BPCL, HPCL and IOC and almost closed below 85 week low.  So strategy of this segment, any dip or decline to buy front line metal stocks and sell on rally in  oil marketing companies and looks 2018 for a bad year of this sector.   On the positive side,  TCS delivered a good number along with  dividend of Rs.   29 shares and 1: Bonus.

Nifty   :              Nifty  continue in positive bias but near to resistance level 10600 and 10632, once crossover these range, major short covering and fresh buying in market result another 200 to  300 points even new high likely tested once again.  Lower level support   10490-10500  and major support 10400 watch out.  Buy on dips is a best strategy.   

On option front Highest put stood at   110500 followed by  10400  and highest calls stood at 10700 and  10600 mark. 

 Intra Day Scaneario :     Trend bullish, support   10500-10490   

Weekly Scaneario :    Best : 10500--10640 – Worst case : 10350

3month Scaneario :  Best Case – 10600-11000 Worst case 9145.

Bank Nifty Future  :               Bank Nifty are continue in support area, however, Bank Nifty future broken support level 25250 and yesterday whole the day remain below that level.  At the current movement, consider support 24950-25000, hold these level, up side resistance 25250-25300 and crossover get open towards 25500 25750  which is major hurdle of current rally which was started from the level of 23605 and likely around these level this rally will be hault.

Intra Day Scaneario :     Trend bullish, support   25000

Weekly Scaneario :    Best : 25600  – Worst case :  25000-24800

3month Scaneario :  Best Case – 25750  Worst case 23605

Some FO Ques   : 

 Long Side   :     Hindalco,   Trrent Pharma M&M Finance, Dabur, Tata steel, Arvind, Grasim, Nalco

Short  Side  :   Indus Bank – BPCL, ACC,. Bharat Finance HPCL, Balrampur Chini, Axis Bank

Nalco  :Long added 1.22 crore shares, BPCL – short side 38 lacs, HPCL, short side  23 lacs, Indus Bank – Short side 6 lac, IOC – short side 9.30  VEDL  - short covering and fresh long. Axis Bank – short side 31 lacs, Tisco long side 7 lac, Handalco 58 lac shares, BOB – short covering 12 lac, ICICI Ban  - short side 16.58 lacs

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Market out look dated 19th April 2018

Nifty  Resistance   10562-10600 Below 10480  - sellilng pressure   Market out Look   :            Market open with good note and finally it was trading above 10562 and made a high 10594  but intra day major profit booking and broad based selling in market and made a low 10510 but some recovery at lower level closed around 10526 with a loss of 25 points.   As trend is bullish but such types of volatility in market are continue with a good or bad news so any long should be protected with tight stop loss.  Sell on rally and buy on dip strategy should be followed.   PSU Banks stocks looks very weak and ready to free fall. Nifty   :              Nifty are continue in positive bias but near to resistance level 10600 and reversal seen and made a low 10510.   Now  upper side supply zone    10562-10580-10600 range, trade and sustained above will move further but chances are very remote, down side support nearly   10480 and below panic towards 10450-10420 likely. On option front Highest put stood at   10400 followed by  10500. On the call side Highest calls stood at 10700 followed by   10500.  Intra Day Scaneario :     Trend bullish, support   10480-10420  Weekly Scaneario :    Best : 10500--10640 – Worst case : 10350 3month Scaneario :  Best Case – 10600-11000 Worst case 9145. Bank Nifty Future  :               Bank Nifty are continue in trading zone and unable to cross their resistance 25400 and finally closed below  25200 which indicate bearish set up as unable to closed above 25200  mark.    Now consider resistance 25200-25250  and support  25000, break down with volume, over all selling pressure in market.  As a weekly expiry so high volatility likely continue. Intra Day Scaneario :     Trend bullish, support   25000 Weekly Scaneario :    Best : 25600  – Worst case :  25000-24800 3month Scaneario :  Best Case – 25750  Worst case 23605 Some FO Ques   :   Long Side   :   Amar Raja Battery, Hindalco, Dabur, Pidlite Ind Short  Side  :  Bank of Baroda, Hero Motor, Apollo Hospital www.3mteam.in More details call 9630466296

Market out look dated 18th April 2018

Market out look dated   18^th  April  2018

Nifty Above 10562  more bullish

Last and final Resistance 10705 – thereafter smart money will take new high.

  Market out Look   :            Market are continue in rally mode once it was crossover 10450 and almost added 100 points. From the low of 9950 almost gained 600 points without pause and we are near to major supply zone which is placed at 10600-10650 region. Traders are advised to remain buy side and intraday dip to buy side, avoid any short sell.  

Nifty   :              Nifty are continue in positive bias but near to resistance level.   Yesterday it was made a high 10560 which is a 50% retracement of entire rally from 11171 to 9950.  Now trade and sustained above 10560 up side towards 10705 which is a 61.8% of retracement of previous rally.  Once trade and sustained above 10705, likely test new all time high in coming days.   As result season already started so possibility can note ruled out.  

On option front Highest put stood at   10400 followed by  10300. On the call side Highest calls stood at 10700 followed by   10500.

 Intra Day Scaneario :     Trend bullish, support  10500

Weekly Scaneario :    Best : 10500--10640 – Worst case : 10350

3month Scaneario :  Best Case – 10600-11000 Worst case 9145.

Bank Nifty Future  :               Bank Nifty are continue in positive bias.  However from the low 23605 it was made a high 25427 and almost 1800 points gained from the lower level .  Over all trend is bullish and any dip to buy side with consider support range 24800-25000 and resistance 25750-25800.  Likely from that level bank nifty will pause.

Intra Day Scaneario :     Trend bullish, support   25100 +

Weekly Scaneario :    Best : 25600  – Worst case :  25000

3month Scaneario :  Best Case – 25750  Worst case 23605

Some FO Ques   : 

Yes Bank  - Fresh short and added 48 lacs.

Hindalco  : longwere seen and added 38 lacs shares

Titan : Long side 8.88 lacs

LT  : Profit taking seen

Grasim   : Ready to fly  long seen

Maruti  : Heavy long unwinding and shorting opportunity.

ICICI Bank  : Long side and added 53 lacs shares

Telco : Rise to sell side – short added 15.50 lacs share

DHFL  : Long seen added 7.45 lacs

HDFC   : Long seen at 6.84 lacs

VEDL  :  Long unwinding.

SBI  : Short added  - 17.40 lacs

HDFC Bank : Long added 4.15 lacs

Bharti  Airtel : After long time, short covering and long added 15 lacs

Sun Pharma : short added   8.61 lacs

Reliance :  Short covering by way  3.60 lacs

DLF  : Long added 24.55 lacs

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Market out look 17th April.

Over all bullish and up side continue, however, market already move more than 550 points from the low so some profit at current level can not be ruled out.  Intra day any dip to buy side. 

 

Nifty : Support  10450-10400

Bank Nifty  : Support 25000  as long as hold, up side open towards 25750  +

Market out look dated 16th April 2018

Market out look dated   16th  April  2018  Nifty Above 10400   - very Bullish   Market out Look   :                  Market are continue in up ward bias and finally it was made a high above 10500 and closed at 104180.  However, due to week end and sharp rise in short term, some profit booking seen at  higher level but trend is bullish.  On Monday , market likely to open with down side gap due to strike by USA against Serial but decent opportunity to long side. Nifty   :               Decent support  10400 whereas the highest put are stood and 10500 highest call followed by  10600.  So these    100 points trading range in next week. Likely.        Intra Day Scaneario :     Trend bullish, support  10485   Weekly Scaneario :    Best : 10500-10600 – Worst case : 10350 3month Scaneario :  Best Case – 10600-11000 Worst case 9145. Bank Nifty Future  :              Above 2500 over are bullish trend . Higher level resistance 25350-25500 crossover it will more up side, down side major support 23800 +. Intra Day Scaneario :     Trend bullish, support   25050 Weekly Scaneario :    Best : 25600  – Worst case :  24800 3month Scaneario :  Best Case – 25750  Worst case 24000

Market out look dated 13th April 2018

Market out look dated   13th  April  2018  Nifty Above 10450   - major up move   Market out Look   :                 Market are continue in positive bias and finally closed above 10425 which was a resistance for the last few sessions.   Now trend is very bullish and above market likely test 10500 10550 10600 in term.  Tech stocks looking good and more upside after consolidation. Pvt. Banks looks good due to short covering  and fresh delivery based buying.        Nifty   :              Final break out trading range and successfully closed above 10450 mark   Now consider support 10430-10400  and crossover 10480, up side gate open towards 10550 and above.       Intra Day Scaneario :     Trend bullish, support 10400, above 10480   fresh long and short covering. Weekly Scaneario :    Best : 10450-10500 – Worst case : 10350 3month Scaneario :  Best Case – 10550-10600, Worst case 9145. Bank Nifty Future  :             As we mentioned in this column that 25000-24900  decent support and major support and long position stop loss of 24800 which is 200 DMA and as long as holding these level, up side open towards 25250 -25500-25750.   Any decline to buy side. Intra Day Scaneario :     Trend bullish, support  24800-24900. Weekly Scaneario :    Best : 25300  – Worst case :  24800 3month Scaneario :  Best Case – 25750  Worst case 24000 www.3mteam.in More details call 9630466296  / 9301302732

Commodity call and up dated 12th April 2018

Gold -  June 2018 (31355)  :    As we have given a short call at 31000 near and our stop loss triggered .     As tension in global between USA and Russian due to Syaria, continue so yellow metal will be remain positive side.  Consider support 31000-31000 whereas a good support and decline to buy for target 200-300 points. At current price do not sump. Total open interest stood at 10146 and added 2183 for long side.

Silver-May-2018 (39181) :   Yesterdeay successfully crossover previous high with decent volume Consider support 39000-39050 and decline to buy side.  Total open interest stood at 16800 and almost 6899 OI reduced due to profit taking.

Crude -19^th April 2018 (4354):     As mentioned yesterday  resistance around 4305 of 3 years high and succewssfuly crossover move towards 4400.   Any decline to buy side, do not think short sell this commodity.  Crude already moving above 70 Dollar which is a very positive likely.

Natural Gas -25^th April-2018(175)  : All good news over with consider resistance 180-181   and any positive bias only above that level, down side support  170-172  break with volume, panic selling likely.  Time to avoid and wait for new set up of this commodity.

Aluminium –April 2018 :     As we are bullish above 136 and  achieved all target and advised to book profit and wait for side line do not try to buy side under any circumstance.  Remember, abrnomally and sharp  move will not sustained in near term like this commodity.   Yesterday total OI stood at 7850  and some short added by way of 2450 contract.  More confirmation awaited on data will clear the picture.

Copper-April 2018 :   Continue bullish pattern and trading trange 420 to 470 for the last 6 months and looks ready to break out at upper level.  As we have already long and our stop loss 440.    Down side 435 is a decent support whreas 200 DMA established and higher level sustained above 450  up side gate open towards 465-470.   Sharp decline to go long. Today OI stood at 11257 and seen profit taking at higher level resulted reduced OI by way of 3475 contracts.

Nickel – April 2018 :  As we are long above 850.  And almost made a high 905 which is near to previous high which is placed at 910.  Trading range for the last few month  820 to 910 and at the current level break or make situation likely. However, we are bullish and sustained above 910  up side gate open towards 950-980-1000 mark. On the  flip side, inability to cross 910 some profit taking can not be ruled out.   Today open interest stood at 8953 and long side added 1544 contract.  Closely watch OI data in market which reflect clear trend in coming days.

Lead –April 2018 :  Side ways trend and resistance at higher level 162-165 range till not cross successfully do not think any positive bias this commodity.  Lower level consider support 150-151  as long as hold bullish view continue, below decent opportunity to short side.  Resistance at higher level and ltime being avoid trade in this commodity.

Zinc-April 2018 :  As we are bearish below 225 and almost covered our all short at 212-210 range in last week.  Now what to do next.  Continue trading in small trading range and picture is not clear a trend.  However, we may consider support around 205-208 range  and far support 200, on the higher side supply area around 218-220 range.  Time to avoid.       

Market out look dated 12th April 2018

  Nifty Hold 10350 and crossover 10450   sharp move in market.

  Market out Look   :                      Market are continue in positive bias and intray initially some downward bias  but strong buying forces in Nifty resulted closed around 10417.  Trend is very bullish and any dip to buy side.   Once crossover trading range, another up move in market, so  avoid any short sell and locate buying opportunity in market.

Nifty   :             As closed above 10400 mark with consider resistance 10430-10450 whereas 50 and 100 DMA placed, crossover will move further 10478-10500-10520.  On the lower side support 10350-10333 watch out.

Option Market  :       Highest Calls are 10500 and followed by  11000, whereas  highest put holding 10000 and 10300.

Bank Nifty Future  :             After sharp rise of more than 1500 points yesterday heavy selling seen at higher level since opening and the  hole days weakness in spite of some recovery on intra day but finally closed with red more than   180 points.   Now consider support 24950-25000 and decisively break down, more weakness towards 24800 whereas 200 DMA are established, on the higher side resistance 25250-25300  crossover more short covering likely being a weekly expiry of Bank Nifty.

Commodity call and up dated 11th April 2018

Commodity call and up dated 11th April  2018 Gold -  June 2018 : Yesterday some short covering seen and almost closed near to 30900, Cosider resistance 31000  whereas to good opportunity to short side with stop loss 31300 for target 30500  and below.   Total open interest stood at 8411 and added 447. Silver-May-2018  :  Side ways counter and trading range, time for consolidation and wait for break out in either side, however, higher level to play short with tight stop loss.  More up dated market hrs. Crude -19th April 2018 :   As we are bullish from the level of 3600 and  we are near to our target 4300.  Price also trading  near to 3 years high. We have already long ande advised to book profit at 4300 + and wait a side line.   Total open interest stood at 17226 and some long side seen. Natural Gas -25th April-2018  : All good news over with consider resistance 180-181   and any positive bias only above that level, down side support  170-172  break with volume, panic selling likely.  Yesterday fresh short seen and total Open interest stood at 11383 and fresh short added by way of 2726 contract. Aluminium –April 2018 :  As we are continue bullish and clearly mentioned that above 132 very bullish and above 136 do not think short sell and almost made a high 146.50.  Yesterday heavy move resulted open interest stood at 8013 and long added by way of 2642 contract. Now advised to book profit and further buy avoid. Copper-April 2018 :   Continue bullish pattern and trading trange 420 to 470 for the last 6 months and looks ready to break out at upper level.  As we have already long and our stop loss 440.    Down side 435 is a decent support whreas 200 DMA established and higher level sustained above 450  up side gate open towards 465-470.  Yesterday heavy short covering seen and total open interest stood 11586 and reduced 3096 contract due to short covering. Nickel – April 2018 :  As we are long above 850.  We may consider resistance 900-910 whereas to good profit booking likely at that level.  Avoid fresh long side.  Holding long with trailing stop loss and protect your profit.   Total open interest stood at 8687 and fresh long added 1475 contracts. Lead –April 2018 :  Side ways trend and resistance at higher level 162-165 range till not cross successfully do not think any positive bias this commodity.  Lower level consider support 150-151  as long as hold bullish view continue, below decent opportunity to short side.  Total Open Interest stood at 3012 and yesterday added 899 which is short side. Zinc-April 2018 :  As we are bearish below 225 and almost covered our all short at 212-210 range in last week.  Now what to do next.  Continue trading in small trading range and picture is not clear a trend.  However, we may consider support around 205-208 range  and far support 200, on the higher side supply area around 218-220 range.  Time to avoid.      Over all total open intrest stood 4319 and reduced 391 contract due to profit booking. 3mteam Research Call   9630466296 / 9301302732