DAILY COMMODITY REPORT 3RD JANUARY 2013
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ďƒ˜ HEADLINES
Base metals strengthen on global cues. Base metal prices rose on the local non-ferrous metal market largely on firming global trend. Sentiments bolstered as firming global trend where copper and
ďƒ˜ TRADING TIP:
Buy Natural Gas Jan Above 175.20
nickel led a rally in base metals as the US poised to avert fiscal cliff, boosting the outlook for demand for metals. Meanwhile, copper for delivery in three months climbed 2 per cent to 8,090 dollar a metric tonnes on the London Metal Exchange.
TGTS-178/181
Gold seen swinging to currency movements.
SL-172
Gold prices are likely to gain in the domestic market, but currency movements will have a definite say in giving it a direction. While the dollar gained overnight as the euphoria over the deal in the US to avoid high taxes and spending cuts ended, skepticism also reared
Sell Copper Feb Above 449
its head as tough negotiations will now take place for the next two months on the US Budget. The dollar gained but it also lost against high-yielding currencies.
TGTS-446/442
This could mean it could come under pressure here.
SL-453.40
rupee could be in demand from foreign investors
This is because being the beginning of the year, the looking to put their money in Indian stock markets.
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PRODUCT NAME
EXP DATE
OPEN
HIGH
LOW
CLOSE
LTP
CHG
PERCENTAGE CHANGE
CHANA
7/19/2012
4556
4573
4525
4560
4532
-28
-0.61
CHILLI
7/19/2012
5060
5060
5018
5120
5018
-102
-1.99
GUR
7/19/2012
1188
1188
1178
1183.5
1178
-5.5
-0.46
JEERA
7/19/2012
14955
14960
14650
15052.5
14800
-252.5
KAPAS
7/19/2012
1044
1053
1035
1049
1041
-8
-0.76
Symbol
DAILY MARKET STATISTICS
Expiry Date
PCP
% Change
-1.68
LTP
Crude Oil PEPPER 7/19/2012
21-Jan-13 42300 42555
5031.00 42250 42390
0.36 42435
45
5096.00 0.11
Nickel REF SOYA 7/19/2012
31-Jan-13 780.5 783.6
948.60 777.4 782.85
1.52 781.3
-1.55
963.00 -0.2
SOY BEANSilver 7/19/2012
4309 5-Mar-13 4330
4265.5 57918.00 4303
4315 1.76
12
0.28 58938.00
TURMERIC 7/19/2012 Gold
4600 4676 5-Feb-13
4518 4664 30888.00
4540 0.50
-124
-2.66 31042.00
1251
1251
1282
WHEAT
7/19/2012
1282
1246
36
2.89
Lead
31-Jan-13
127.55
2.74
131.05
Zinc
31-Jan-13
113.35
1.54
115.10
Copper
28-Feb-13
443.90
1.41
450.15
Aluminium
31-Jan-13
113.20
2.69
116.25
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DAILY MCX GOLD CHART
ANALYSIS OPEN: 30870 HIGH: 31191 LOW: 30760 CLOSE: 31042
GOLD LOOKS UPWARD TREND: BULLISH STRATEGY: BUY ON DIPS
DAILY MCX SILVER CHART
ANALYSIS OPEN: 58016 HIGH: 59580 LOW: 57896 CLOSE: 58938
SILVER LOOKS UPWARD TREND: BULLISH STRATEGY: BUY ON DIPS
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