NATURAL GAS VIEW:-

NYMEX NATURAL GAS MAY (CMP 2.80): FROM THE ABOVE DAILY CHART WE CAN SEE PRICES WERE MOVING IN A DOWNWARD CHANNEL FROM PAST FEW MONTHS AND RECENTLY PRICES HAVE BROKEN ABOVE (Tl) TREND LINE WHICH IS A POSITIVE INDICATION. PRICES HAVE BROKEN OUT FROM THE FALLING WEDGE PATTERN COUPLED WITH A BULLISH DIVERGENCE IN MACD, WHICH INDICATES THAT WE COULD SEE A POSITIVE MOMENTUM IN PRICES IN SHORT TO MEDIUM TERM AND PRICES COULD EDGE HIGHER TOWARDS 3.20/3.40 LEVELS. MACD IN THE DAILY CHART HAVE CROSSED ABOVE THE ZERO LINE IN THE INDICATOR SUGGESTING BULLISHNESS. ONLY A CROSS BELOW THE ZERO LINE WOULD SUGGEST BEARISHNESS. PRICES HAVE CLOSED ABOVE THE SHORT TERM 8 DAY EMA AT 2.7018 INDICATING SHORT TERM BULLISHNESS AND ARE ALSO ABOVE THE 20DAY EMA AT 2.6536 AND ABOVE THE 50 DAY EMA AT 2.7074 INDICATING BULLISHNESS IN MEDIUM TERM AS WELL. RSI IS TRADING ABOVE THE 50 MARK INDICATING BULLISHNESS.

FROM THE ABOVE ANALYSIS I SUGGEST BUYING IN NATURL GAS AT CMP 2.80 AND ON DIPS TOO 2.70/2.65 FOR THE TRAGTES OF 3.20--3.40. RISK WILL BE AT 2.50 AND MAXIMUM STOP LOSS SHOULD BE AT 2.40.

IN DOMESTIC MARKET I SUGGEST BUYING AT 178.30 AND ON DIPS TO 170-165 FOR TARGET OF 199-214,RISK WILL BE AT 157.90 MAXIMUM SL SHOULD BE AT 153.90.   

WHAT EVER YOU EARN FROM MY CALLS PLEASE GIVE 10% PROFIT'S FOOD TO COWS AND DOGS HELP THM GOD WILL HELP YOU-!!!