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DAILY COMMODITY REPORT 18th SEPTEMBER 2012

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 HEADLINES
Gold demand weak as buyers seek stability in rupee Gold demand in India, the world's biggest consumer, was subdued on Monday as buyers waited for the rupee to stabilize before making purchases for the festive season. The most-traded gold contract, for October delivery, was down 0.13 percent at 31,840 rupees per 10 grams by 0944 GMT, after hitting a record high of 32,421 rupees late on Thursday. The sharp rise in the rupee was a surprise for buyers. They bought gold aggressively on Friday, but are now waiting for the rupee to stabilize," said a Mumbai-based dealer with a private bank. Copper prices to benefit on India, China Power sector investments

 Trading tip:

Sell Copper Nov Below 452.10 TGTS-450/448.20 SL- 454.80
 PAST PERFORMANCE

India's Power Grid Corporation may invest close to $18 billion to upgrade networks and avoid recurring of the great black out that occurred recently. The news may be received with cheers by the copper industry even as further details are yet to emerge. Reports Bloomberg: revenue of the state-owned company may climb 400% once the project gets completed. The company thereby wishes to increase its market share to 70% from the current 50%.

Buy Copper Nov Above 457.80 TGTS-460/462.50 SL- 455.20
NOT EXECUTED

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PRODUCT NAME

EXP DATE

OPEN

HIGH

LOW

CLOSE

LTP

CHG

PERCENTAGE CHANGE

CHANA CHILLI GUR JEERA

7/19/2012 7/19/2012 7/19/2012 7/19/2012 7/19/2012 Lead 7/19/2012

4556 5060 1188 14955 1044

4573 5060 1188 14960 1053

4525 5018 1178 14650 1035

4560 5120

4532 5018 1178 14800 1041 0.08 42435 -0.22 781.3 4315 -0.22 4540 -0.78 1282 -0.81

-28 -102 -5.5 -252.5 -8 45 -1.55 12 -124 36

-0.61 -1.99 -0.46 -1.68 -0.76 121 0.11 31751 -0.2 0.28 31811 -2.66 453.15 2.89 63761

DAILY MARKET STATISTICS
1183.5 15052.5 1049

Symbol

Expiry Date

PCP

% Change

LTP

KAPAS PEPPER

28-Sep-12 42300 42555 28-Sep-12 780.5 783.6 4309 5-Oct-12 4330 4600 4676 30-Nov-12 1251 5-Dec-12 1282

120.9 42250 42390 31880 777.4 782.85 4265.5 31880 4303 4518 4664 456.7 1251 64284 1246

Nickel REF SOYA 7/19/2012 SOY BEAN Gold 7/19/2012 TURMERIC 7/19/2012 Copper WHEAT Silver 7/19/2012

Zinc

28-Sep-12

112.3

-0.85

111.35

Crude Oil

19-Sep-12

5121

-1.12

5274

Aluminium

28-Sep-12

116.95

-1.2

115.55

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 DAILYMCX GOLD CHART 

ANALYSIS
OPEN: 31842 HIGH: 31931 LOW: 31751 CLOSE: 31811

GOLD LOOKS DOWNWARD TREND: BEARISH STRATEGY: SELL ON RISE

 DAILY MCX SILVER CHART

ANALYSIS
OPEN: 64120 HIGH: 64336 LOW: 63605 CLOSE: 63761

SILVER LOOKS DOWNWARD TREND: BEARISH STRATEGY: SELL ON RISE

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