DAILY COMMODITY OUTLOOK

01st Dec 2011

Market Review & Outlook

Precious Metals
Commodities witnessed an extremely volatile session of trade yesterday. Gold and silver prices began trade on a flat to negative note but closed with smart gains of 1%--2%. A break above `29220 levels will lead to a fresh upmove in gold prices. The levels between `55900`56300 are still stiff resistance for the prices of silver.

Base Metals & Energy

The base too, opened the session on a weak note and spent the first half of the days trade in the negative territory. Strong cues from the US and European markets saw the base metals recover from their intraday lows. Almost all the base metals were up close to 4%--7% during the intraday session of trade. Copper & Zinc were the outperformer amongst the base metals as they closed the session with gains of close to 5%. Crude oil prices rallied to register an intraday high of `5274 levels but, couldnt sustain at these levels and finally closed the session with nominal gains. Natural gas corrected from higher levels and closed the session with a cut of close to 1%.

DAILY COMMODITY OUTLOOK

01st Dec 2011

Strategy/Recommendations
MCX Gold Dec ` 29061 .00
Traders can go long on a break above `29220 levels with a stoploss placed below `29097 levels for targets of `29440 / `29600 levels.

MCX Zinc Jan `106.90

We recommend traders to long on dips between `105.50--`105 levels with a stoploss placed below `103.40 levels for targets of `107.75 / `108.80 levels.

DAILY COMMODITY OUTLOOK

01st Dec 2011

Morning Technical Levels for Metals and Energy Commodity Exchange Contract Trend S2 S1 LTP R1 R2

Gold Spot Gold Silver Spot Silver LME Copper Copper Zinc Lead Aluminium Nickel Crude oil Crude Natural Gas

MCX MCX

DEC DEC

MCX MCX MCX MCX MCX MCX NYMEX MCX

FEB Dec DEC DEC DEC Dec Dec

Bullions UP 28,523 UP 1688 Sideways 53,712 Sideways 30.50 Base Metals Sideways 3.1763 Sideways 374.7 UP 97.83 UP 101.8 Down 102.5 Down 850.5 Energy Sideways 5,120 Sideways 97.64 UP 181.8

28,792 29,061 29,258 29,455 1720 1751.65 1769 1786 54,616 55,520 56,174 56,828 31.63 32.77 33.44 34.12 3.3764 392.30 102.37 105.38 105.82 880.17 5,169 99.10 184.73 3.5765 3.7057 3.8349 409.9 421.6 433.3 106.9 109.7 112.4 108.95 111.6 114.3 109.1 111.1 113 909.8 939.3 968.7 5,219 5,271 5,324 100.57 101.87 103.18 187.7 191 194.4

DAILY COMMODITY OUTLOOK

01st Dec 2011

Agricultural Commodities
Strategy/Recommendations
NCDEX Jeera Dec `13452.00
Traders can go short between `13530--`13440 levels with a stoploss placed above `13721 levels for downside targets of `13275 / `13100 levels.

MCX Kapass Apr `704.00

Traders can buy on a break above `707 levels with a stoploss placed below `694.80 levels for upside targets of `718 / `724 levels.

DAILY COMMODITY OUTLOOK

01st Dec 2011

Morning Technical Levels for Agri - Commodities

Commodity Exchange Contract Trend S2 S1 LTP R1 R2

Jeera Pepper Turmeric Chilli Coriander Soybean Mustard Seed Ref Soya Oil CPO Castor Seed Guar Seed Guar Gum Chana Sugar Sugar Kapas Cotton Oilseed Cake Gur Potato Menthaoil Wheat Maize

NCDEX NCDEX NCDEX NCDEX NCDEX NCDEX NCDEX NCDEX NCDEX NCDEX NCDEX NCDEX NCDEX NCDEX NCDEX NCDEX NCDEX NCDEX NCDEX MCX NCDEX NCDEX

Dec Dec Dec Dec Dec

Dec Dec Dec Dec Dec

Dec Dec Dec Dec Dec

Apr Jan
Dec

Spice Complex DOWN 13033 UP 34855 DOWN 4363 DOWN 6728 3852 Oilseed Complex Sideways 2226 UP 3113 UP 629 Sideways 171 Sideways 3995 Others UP 5104 UP 16029 UP 2984 UP 2969 UP 1005 Sideways 698 Sideways 1121 DOWN DOWN Sideways Sideways Sideways 995 565 1323 1170 1100

13243 13452.00 35045 35235.00 4429 4494.00 6794 6860.00 3900 3947.00 2235 3130 632 342 4026 2243.50 3147.00 634.65 513.15 4057.50

13730 35355 4601 6968 4042 2255 3171 638 342 4078 5387 16857 3153 3018 2011 706 1154 1000 578 1352 1182 1108

14007 35475 4707 7076 4136 2267 3195 641 171 4099 5464 17079 3204 3035 1005 709 1165 1001 582 1360 1186 1111

5207 5311.00 16332 16636.00 3043 3103.00 2985 3002.00 2011 3016.00 701 704.00 1132 1143.00 997 570 1334 1174 1103 998.00 574.60 1344.50 1177.00 1105.50

Apr Dec
Dec Dec

DAILY COMMODITY OUTLOOK

01st Dec 2011

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