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April 04, 2013 4:30 pm IST

Punter’s Call

Natural gas leaks through channel
As can be seen from the chart, MCX Natural Gas has rallied smartly. It has been marching towards north in a channelised manner. The gas was stumbling near the previous high of 217.20. It managed to cross the high but couldn’t sustain in the higher territory. Ultimately, natural gas has broken down from the rising channel.
Natural Gas
K S T ( 3 .2 6 3 9 8 ) 10 5 0 -5 N A T U R A L G A S M M B T U - 1 M O N T H ( 2 1 6 . 9 0 0 , 2 1 7 .7 0 0 , 2 1 4 .6 0 0 , 2 1 5 .4 0 0 , - 1 .3 0 0 0 0 )

The daily momentum indicator is showing a negative divergence and is in favour of the bears. Thus, natural gas is in for a descent correction. Natural gas can fall till 199-192. The downside potential remains intact as long as the recent high of 228.20 holds.

2 2 8 .2 0
0 .0 %

2 35 2 30 2 25 2 20

2 3 .6 %

2 15 2 10

3 8 .2 % 5 0 .0 %

2 05

19 9

2 00 1 95

6 1 .8 %

192

1 90 1 85 1 80 1 75

1 0 0 .0 %

1 70 1 65 1 60 1 55

ob er

N o ve m b e r

D e ce m b e r

20 13

F e b ru a ry

M arch

Ap r il

M ay

Momentum Calls
Date
3-Apr-13 4-Apr-13

Recommendation
Sell Crude oil Buy USDINR

Stop loss/ Reversal (on closing basis) (Rs)
5320 54.19

Price (Rs)
5267 54.52

LTP (Rs)
5191 54.8

Potential P/L at CMP (%)
1.44 0.51

Targets (Rs)
5160-5055 55.30-55.65

HCL: Hourly closing basis / DCL: Daily closing basis / FMCL: Fifteen minute closing basis / TPB: trailing profit booked Note: calls are indicative and for record and have been initiated intra-day in the last 24 hours.
For Private Circulation only
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00 3.00 875 870.11/28.30/107 850 / 937 Icon guide Up Down Sideways Downswing matures Upswing matures Riveting Metals 22 April 04.00 Trend Reversal 12700 29900.00 4600 5150.42 3.576 96.11 90.300 96.42 3.00 28. 2013 Home .30 850 Trend Reversal 1616.Looking Trendy Short Term Trend Target Gold MCX Silver MCX Crude MCX Copper MCX Zinc MCX Nickel MCX 11000 29000.50 735 914.00 937 Support / Resistance 1522 / 1616 26.3 / 3.00 65 103.00 5150 5300.70 100.7 90 / 100.00 24650 52850.00 78 98.00 340 412.00 300 395.00 19000 50000.576 107.5 735 / 875 870/914 Medium Term Trend Target Gold Cash US $ Silver Cash US $ Crude US $ Copper $ (comex) Zinc MCX Nickel MCX 1522.00 26.00 Support/Resistance Support / Resistance 10800 29000 / 12700 29900 20000 50000 / 24650 52850 4600 / 5150 5150/5300 300 / 340 395/412 65 / 78 98/103.

40 5237 216.83 50824 404 101.25 887." 3 April 04.00 5260.00 5130. and is intended only for the person or entity to which it is addressed to and may contain confidential and/or privileged material and is not for any type of circulation. The information contained herein is from sources believed reliable.0 217.5 96.0 101. 2013 Riveting Metals 2 Home .5 112.Day Trader’s HIT List .70 93. or perform investment banking.0 29130 26.15 51100 405.0 29578 27.40 100.0 28850 26. Kindly note that this document does not constitute an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction.40 880. Any review.00 LTP (Rs) 1547 29235 26.5 29350 27.00 103.00 211.05 94.0 103.00 5171. If you have received this in error.80 114.00 900. and buy and sell securities referred to herein.1 101.5 102.00 214.90 95.00 101. or options on. any company mentioned. Any comments or statements made herein do not necessarily reflect those of Sharekhan Commodities Pvt. We may from time to time solicit from. Ltd.0 1565.6 890. or other services for.20 100. We may from time to time have positions in.00 100.30 50000 400.20 94.00 110.60 51550 409. We do not represent that it is accurate or complete and it should not be relied upon as such.Evening session For April 04. 2013 Instrument Gold Cash USD ($) Gold MCX June Silver Cash USD ($) Silver MCX May Copper MCX Apr Zinc MCX Apr Nickel MCX Apr Aluminium MCX Apr Lead MCX Apr Crude Oil USD ($) Crude Oil MCX Apr Natural Gas MCX Apr Support Levels S2 S1 1530. Ltd. please contact the sender and delete the material immediately from your computer/mailbox.40 111. retransmission.65 50423 401.9 Resistance Levels R1 R2 1555.95 112.52 5195 214.70 1539. or any other use is prohibited.7 Action Buy Above R1/Sell below S1 Buy Above R1/Sell below S1 Buy Above R1/Sell below S1 Buy Above R1/Sell below S1 Buy Above R1 Buy Above R1 Buy Above R1 Buy Above R1/Sell below S1 Buy Above R1 Sell below S1 Sell below S1 Sell below S1 For Private Circulation only Home "This document has been prepared by Sharekhan Commodities Pvt.00 876.

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