HAPPY MORNING -- COMMODITY VIEW

Weaker Dollar triggered a rally in the Commodity space yesterday. But the bigger picture remains weak for the commodities and this rally could short lived.

The Resistance in 1670-1700 region menitoned yesterday for Gold (1640) is holding well and retains the threat of seeing 1500-1470 on the downside.

Silver (31.27) has come off sharply from its high of 33.58 and remains weak for a test of 26 or even 23 on the downside.

Copper (3.37) is facing Resistance near 3.50 and remains bearish for a fall to 3.00-2.80 in the coming days.

Nymex Crude (83.27) saw a high of 84.77 and has come off from there. With Significant Resistances at 85 and 90 the bigger picture remains bearish for a test of 73-70 on the downside.

NIFTY STRATEGY - SEP 28TH

-As expected Yesterday it zoomed and kissed our Tgt.

-Day Before Yesterday call generated to Buy NF above 4782 level.

-And Just see from 4782 it had spurted to kiss 4989 level.

-Already told to our Subscribers ,What to expect above 4990 level.

Yes ,Levels not to be changed everyday.

-Become Trend Follower instead of looking every day…What are the levels ,What to expect ??

Now ,While UPDATING ,SGX Nifty is trading at 4991 up 8 points.

Above 4990 level if TRADES ……..Then No worry @ all.

Our Target intact of 5068-5094 level.

Support exist at 4875 level.

Decisive Break below 4875 with volumes will take to 4931-4917 level.

Will Update more to our Subscribers during Trading hrs.