DAILY COMMODITY OUTLOOK

05 Oct, 11

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NCDEX JEERA OCT. CONTRACT OPEN `14809.00

HIGH

`14846.00

LOW

`14350.00

CLOSE

`14471.00

NCDEX JEERA OCT Contract Technical Outlook & Trading Strategy The price of Jeera has been trending up for the past few years. Every correction from higher levels has been taking support at the rising trendline. But, the first bearish signal arose when the recent rally that began from the trendline support could only register a lower top of `16948 levels as on 24th June, 2011. The recent sell-off from the highs mentioned above has dragged the prices below its moving average clusters support. This could see the price of Jeera correcting towards levels of `14240 / `13970. The MACD indicator has given a fresh sell signal backed by a negative divergence.

We recommend traders to sell between `14550--`14430 levels with a stop loss placed above `14773 levels for down targets of `14240 / `13970 levels expected to be achieved over the upcoming 3-4 sessions of trade.

DAILY COMMODITY OUTLOOK

COMMODITIES TO WATCH

05 Oct, 11

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MCX Pepper Oct CMP`36005.00

Technical Outlook & Trading Strategy:-

The price of pepper was consolidating in a narrow trading range over the past few sessions of trade, since it corrected from its all time highs. The key moving average clusters have been providing good support for the price of pepper. The price witnessed a smart upmove during the previous sessions of trade and closed above this narrow trading range. The momentum indicators continue to trade in buy mode despite the recent correction. We recommend day / positional traders to take Long positions on a break above `36200 levels with a stop loss placed below `35620 levels for upside targets of `36780 / `370000 levels. INVENTORY DATA

LME Warehouse Stocks (Inventory) and Volume

04 Oct 2011 METALS

Inventory MT 4,558,250 135,920 151,360 475,025 374,550 96,462 20,585 815,700 +/-5,500 0 0 75 425 -612 -335 -3,125

Volume MT 6,141,500 21,420 58,780 3,209,575 1,163,925 193,032 26,380 2,251,125 +/-772,000 -13,080 11,940 -1,537,975 152,700 26,040 -790 -616,775

Aluminum Al Alloy NASAAC Copper Lead Nickel Tin Zinc

KEY SUPPORT RESISTANCE LEVELS

Commodity NCDEX Chana NCDEX Pepper NCDEX Soya Oil NCDEX Jeera NCDEX Guarseed MCX Copper Support 1 3119 35297 595 14465 4297 336 Support 2 3082 34588 589 14160 4266 332 CLOSE-PRICE 3156 36005 600 14771 4327 340.65 Resistance 1 3209 36677 609 14961 4370 347 Resistance - 2 3262 37348 619 15152 4412 352

DAILY COMMODITY OUTLOOK

MCX Nickel MCX Lead MCX Silver MCX Gold MCX Crude 897 93 49105 25613 3725 869 91 47986 25215 3655 924.40 94.75 50223 26010 3794 957 97 52046 26726 3862 989 100 53868 27441 3929

05 Oct, 11

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