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COMMODITIES KHAZANA

A Daily Technical Report on Commodities


8 August 2011
RECOMMENDATIONS FOR MCX,NCDEX,, NYMEX,COMEX, LME,CBOT,BMD & NMCE
Commodity

Contract

S3

S2

S1

CLOSE

R1

R2

R3

Recommendations*

Bullion
Gold Comex

Oct-11

1626.0

1633.2

1641.3

1650.2

1662.4

1673.3

1678.9

Buy at 1692 TP 1708 SL 1678

Gold MCX

Oct-11

24188

24261

24444

24651

24762

24865

24986

Range 24750-25200

Silver Comex
Silver MCX

Sep-11
Sep-11

3624
56911

3682
57165

3748
57736

3821
58379

3919
58774

4006
59139

4052
59517

Range 3940-4075
Range 59000-62000

Aug-11
Fwd
Aug-11
Fwd
Aug-11
Fwd
Aug-11
Fwd
Aug-11

399.9
8836.5
397.9
2276
99.0
2109
91.3
21772
954.0

403.4
8915.7
401.2
2307
100.3
2146
92.6
22035
965.2

407.2
9010.6
405.1
2344
101.8
2184
94.0
22352
977.1

411.3
9114.8
409.4
2385
103.5
2225
95.6
22700
990.1

417.3
9247.3
414.8
2436
105.7
2288
97.7
23140
1008.9

422.7
9365.7
419.7
2482
107.8
2343
99.6
23534
1025.7

425.3
9430.8
422.3
2507.5
108.8
2370
100.6
23751.4
1033.9

Range 406-402
Range 9000-9200
Range 398-405.50
Range 2300-2390
Range 102-105.50
Range 2155-2230
Range 94.3-98
Range 22200-22850
Range 985-1005

2354

2377

2403

2431

2469

2503

2521

105.7
29900

107.4
30036

109.0
30156

109.8
30210.8

Base Metals
Copper Comex
Copper LME 3M
Copper MCX
Lead LME 3M
Lead MCX
Zinc LME 3M
Zinc MCX
Nickel LME 3M
Nickel MCX
Aluminum LME
3M

Fwd

Sell at 2415 TP 2380 SL 2435

Aluminium MCX
Steel Long NCDEX

Aug-11
Aug-11

102.2
29656

103.2
29736

104.4
29814

Sell at 107 TP 104 SL 108.20


Sideways

Crude Nymex
Crude Oil MCX
Natural Gas
Nymex
Natural Gas MCX

Sep-11
Aug-11

81.4
3750

82.5
3776

84.6
3808

86.9
3843

88.6
3886

90.1
3925

91.5
3946

Range 82.60-86
Range 3660-3850

Sep-11
Aug-11

3.869
169

3.886
170

3.912
173

3.941
176

3.969
179

3.995
181

4.013
182.5

Sell at 3.920 TP 3.860 SL 3.960


Sell at 177 TP 172 SL 179

Soybean CBOT
Soybean NCDEX
Soybean ACE

Nov-11
Aug-11
Aug-11

1312.8
2381
2383

1317.8
2396
2398

1326.4
2411
2412

1336.0
2427
2427

1344.1
2452
2451

1351.4
2475
2473

1357.2
2485
2482.4

Sell at 1325 TP 1308 SL 1332


Sell at 2430 TP 2406 SL 2452
Sell at 2430 TP 2406 SL 2452

Soy Oil CBOT


Soy Oil MCX
Soy Oil NCDEX
Soy oil ACE

Dec-11
Aug-11
Aug-11
Aug-11

54.25
646.0
649.1
649.1

54.51
648.0
651.1
651.1

55.00
651.6
653.4
653.4

55.55
655.7
655.9
656.0

55.97
658.93
659.4
659.4

56.35
661.88
662.5
662.5

56.67
664.31
664.0
664.1

RM Seed NCDEX

Aug-11

2889

2896

2906

2917

2930

2941

2948

Rm Seed ACE
CPO BMD
CPO MCX
Castor seed
NCDEX

Aug-11
Oct-11
Aug-11

2889
3009
468.5

2897
3017
470.4

2906
3033
472.5

2917
3051
474.8

2929
3064
478.1

2940
3076
480.9

2947
3086.9
482.4

Sell at 55.10 TP 54.60 SL 55.60


Sell at 658 TP 652 SL 660
Sell at 658 TP 652 SL 660
Sell at 658 TP 652 SL 660
sell at 2925-20 TP 2895 SL
2945
sell at 2925-20 TP 2895 SL
2945
Range 3060-3010
Sell at 476 TP 472 SL 480

Aug-11

5120.6

5137.5

5158.5

5181.5

5209.7

5234.9

5249.2

Sell at 5200 TP 5140 SL 5230

Energy

Oilseeds

Karvy Comtrade Ltd, Karvy Centre, 46, Avenue 4, Street 1, Banjara Hills, Hyderabad 500 034

COMMODITIES KHAZANA
A Daily Technical Report on Commodities
Spices
Pepper NCDEX
Turmeric NCDEX
Jeera NCDEX
Chilli NCDEX

Aug-11
Aug-11
Aug-11
Aug-11

27981
6518
14895
8567

28163
6568
15037
8586

28453
6613
15193
8610

28776
6662
15364
8636

29071
6747
15602
8669

29338
6823
15814
8698

29533
6855
15922
8714.7

Sell at 28850 TP 28250 SL 29150


Sell at 6700 TP 6600 SL 6780
Sell at 15440 TP 15200 SL 15600
Sell at 8650 TP 8570 SL 8710

Cardamom MCX

Aug-11

742

748

755

763

774

784

788.9

Wheat NCDEX
Maize NCDEX
Barley NCDEX
Guar seed NCDEX
Guar Gum NCDEX
Chana NCDEX

Aug-11
Aug-11
Aug-11
Aug-11
Aug-11
Aug-11

1128.8
1205.0
1283
3961
12586
3052

1132.0
1207.3
1285
4035
12870
3060

1135.3
1211.2
1287
4093
13128
3071

1149.1
1222.7
1296
4395
14319
3109

1151.4
1225.3
1297.5
4436.6
14501
3116.5

Sell at 1142 TP 1125 SL 1150


Range 1192-1232
Sell at 1290 TP 1280 SL 1295
Sell at 4230 TP 4150 SL 4265
Sell at 13550 TP 13150 SL 13850
Sell at 3090 TP 3030 SL 3115

Sell at 768 TP 755 SL 780

Cereals & Pulses


1140.7
1215.0
1290
4220
13612
3084

1144.3
1219.3
1293
4283
13890
3097

Others
Mentha Oil MCX

Aug-11

1110.9

1121.1

1131.8

1143.4

1160.7

1176.2

1183.6

Buy above 1157 TP 1177 SL 1147

Gur NCDEX
Cocud NCDEX
Kapas NCDEX
Potato MCX
Potato NCDEX
Rubber NMCE
Rubber TOCOM
Sugar NCDEX
Sugar MCX
Sugar ICE

Sep-11
Aug-11
Apr-12
Aug-11
Aug-11
Aug-11
Feb-12
Aug-11
Aug-11
Oct-11

1018.9
1179
669
452
353.8
20683
369
2618
2610
26.9

1021.0
1187
678
454
355.1
20717
371
2623
2616
27.1

1023.2
1196
685
457
356.8
20766
373
2630
2622
27.3

1025.5
1206
693
460
358.7
20820
374
2637
2629
27.5

1029.1
1220
709
464
360.9
20877
378
2647
2639
27.8

1032.2
1232
723
467
362.8
20927
380
2656
2649
28.1

1033.7
1237.9
727.9
469.1
364.0
20960
382
2660
2653
28.2

Sell at 1028 TP 1020 SL 1034


Sell at 1208 TP 1195 SL 1218
Sell at 702 TP 688 SL 710
Range 467-448
Sell at 359 TP 350 SL 364
Sideways
sell at 375 TP 368 SL 380
Sell at 2640 TP 2617 SL 2656
Sell at 2632 TP 2610 SL 2650
Sell at 27.60 TP 26.70 SL 28.20

Karvy Comtrade Ltd, Karvy Centre, 46, Avenue 4, Street 1, Banjara Hills, Hyderabad 500 034

COMMODITIES KHAZANA
A Daily Technical Report on Commodities

Gold Spot: US
Spot Gold prices are trading at 1700 mark suggesting higher side
opening in Indian Market. Prices are sustaining above the short and
medium term moving averages suggesting bullishness in the trend. A
long white candle stick on Friday is an indication of continuation of
bullish mode for the coming day also. We recommend buying for the
day.

Crude oil August NYMEX


NYMEX crude oil prices are trading lower indicating downside opening
in Indian market. Indian market may open around 3740 Rs.. Prices are
sustaining below the short and medium term moving averages
suggesting weakness in the trend. However, a Doji candle stick
witnessed during Friday signaling indecision for the day. We expect
sideways to downside biased for intraday.

Copper LME -3-Month Forward


Copper prices are trading lower in LME 3 months forward. A Cross
over is witnessed in short and medium term moving averages
suggesting weakness in the trend. A long black candles stick is
witnessed in the market suggesting bearish mode to be continued for
the coming day also. We expect sideways to bearish mode for the day.

Guar seed August NCDEX


On Saturday guar seed August future traded lower and settled with
substantial loss at 4156Rs. Prices settled below the 4267 which is
38.2% retracement of the range 3343-4838. This means that the
bearish trend may be continued till 4090 (50% retracement of the
given range) levels. A black closing marubozu candle stick witnessed in
the chart suggesting downside pressure to be continued in the market.
We recommend selling for the day.

Karvy Comtrade Ltd, Karvy Centre, 46, Avenue 4, Street 1, Banjara Hills, Hyderabad 500 034

COMMODITIES KHAZANA
A Daily Technical Report on Commodities

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The report contains the opinions of the author, which are not to be construed as investment advices. The author, directors and other employees of
Karvy and its affiliates cannot be held responsible for the accuracy of the information presented herein or for the results of the positions taken based
on the opinions expressed above. The above mentioned opinions are based on the information which is believed to be accurate and no assurance can
be given for the accuracy of this information. There is risk of loss in trading in derivatives. The author, directors and other employees of Karvy and its
affiliates cannot be held responsible for any losses in trading.
Commodity derivatives trading involve substantial risk. The valuation of underlying assets may fluctuate, and as a result, clients may lose entire value
of their original investment. In no event should the content of this research report be construed as an express or an implied promise, guarantee or
implication by or from Karvy Comtrade that the reader/client will profit or that losses can or will be limited in any manner whatsoever. Past results
are no indication of future performance. Information provided in this report is intended solely for informative purposes and is obtained from sources
believed to be reliable. The Information contained in this report is in no way guaranteed. No guarantee of any kind is implied or possible where
projections of future conditions are attempted.
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and not to be construed as investment advices.
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Karvy Comtrade Ltd, Karvy Centre, 46, Avenue 4, Street 1, Banjara Hills, Hyderabad 500 034