12th,
October,
2022
|
Commodity |
Buy level (LME) Near |
Sell level (LME) Near |
48 Hours range |
10 Days range |
|
Copper |
≤7300 |
≥7600 |
7400 – 7650 |
7200 – 7800 |
|
Aluminium |
≤2150 |
≥2350 |
2175 – 2250 |
2150 – 2350 |
|
INR |
≤82 |
≥82.50 |
82.00 – 82.50 |
81.80 – 82.80 |
OUR
VIEW
Copper
– Looks to strong, Bullish.
Better to sell, Buy ≤ 7300, Sell ≥ 7600
Aluminium
– Looks to Bullish. Better to sell if in profit.
Better to hold in loss, Buy ≤ 2150,
Sell ≥ 2350
USD/INR – Rupees looks strong for a while.
Better
to buy, Buy ≤ 82, Sell ≥ 82.50
FACTOR AFFECTING MARKET
·
Copper & Aluminium looks to strong
although fundamentals are not favouring the reasons.
(I)
Covid problem rise in china, but
whenever any such situation rise in China, market always go up.
(II)
US Dollar Index is playing in range
bound, which increase chances of rising in commodity although will not sustain
too long.
·
IMF firmly believe about slowdown in
economy, factor affecting as Russia-Ukraine war economy slowdown and interest
rate hikes.
·
IMF slashes India’s as well as world’s
growth. However, considered India is in better position while comparing with
others.
·
INR may get bit strong as crude oil
down and BOI (Bank Of India) to pass some liquidity in market.
Previous forecasting
results achieved, showing in Red:
|
Commodity |
48 Hours range |
10 Days range |
|
Copper |
7350 – 7650(11/10) |
7200 – 7800 – 8000 |
|
Aluminium |
2200(11/10) – 2250(11/10) |
2150 – 2400 |
|
INR |
82.05(11/10) – 82.60(11/10) |
81.70 – 82.80 |
Find previous three
research, all you need to know.
https://buysellbs.blogspot.com/2022/10/is-panic-about-to-come-what-to-happen.html
https://buysellbs.blogspot.com/2022/10/market-has-some-positive-insight-today.html
https://buysellbs.blogspot.com/2022/10/how-to-survive-in-this-volatility-what.html
Thank you
Rahul Mudra
Disclaimer: This article is for Study and research purpose. Request you
to use your wisdom before applying it.
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