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NAME OPEN HIGH LOW CLOSE % CNG
GOLD 22601 22601 22320 22626 -1.13
SILVER 68000 68238 62600 68575 -8.25
GOLD 1536.5 1537.15 1530.6 1535.9 -0.17
SILVER 41.66 41.66 40.63 41.66 -1.06
PLATINUM 1845.5 1847.24 1843 1847.24 0.09
NAME OPEN HIGH LOW CLOSE % CNG
CRUDE 5050 5050 4951 4975 -1.61
N.GAS 208.9 211.2 208 208.2 0.38
CRUDE 112.98 113.22 110.31 111.05 -1.708267
NAME OPEN HIGH LOW CLOSE % CNG
COPPER 416.5 423.95 415.4 417 1.45
ZINC 101 101.8 100.1 101.2 -0.35
NICKEL 1191.3 1221.9 1190.1 1193 2.04
LEAD 112.8 114 112.6 113.45 -0.4
ALUMINIUM 122.25 124.15 121.85 121.9 1.38
COPPER 9340 9340 9227 9342 -1.02 150
ZINC 2260 2260 2246 2251 0.18 475
NICKEL 27200 2790 26800 27103 -0.86 390
LEAD 2503 2505 2495 2510 -0.48 1875
ALUMINIUM 2790 2505 2784 2786.75 0.11 -675
SENSEX NIFTY NASDAQ S&P NYSE DOW JON NIKKEI SHICOM KOREA HKFE $ INDEX
18463.23 5542.9 2392.8 1356.62 8584.68 12807.51 10004.2 2904.33 2177.45 23327.34 73.2
-0.39 -0.4 -0.48 -0.34 -0.75 0 0 -0.95 -1.06 -1.29 0.09
Crude oil ended weak in a volatile trade as a broadly
stronger dollar and concerns over declining demand from
the worlds 2 biggest economies weighed on prices.
Natural gas ended positive but pared most of its gains as
investors cashed out of the market to take advantage of a
rally that took prices to a 14-week peak.
BASEMETAL COMPLEX
Base metals yesterday ended mixed but good gains were
seen in copper prices after a report showed factory orders
gained more than forecast in the U.S., the worlds second
largest consumer of the metal. Nickel and aluminium
prices also rose after PPI for March in the euro zone rose
by 0.7%, slightly higher than the forecast
LME STOCK
SPOT $
MCX
LM E
MCX
Daily Commodity Market Update as on Wednesday, May 04, 2011
PRECIOUS METALS COMPLEX
ENERGY COMPLEX
Gold ended down as the U.S. dollar rebounded from a
three-year trough and India raised interest rates to curb
inflation. Silver ended lower after CME raised margins for
the third time in a week, and holdings in the iShares
Silver Trust dropped to a 7-week low.
SPOT $
MCX
COPPER
ZINC
NICKEL
LEAD
ALUMINIUM
463800
821850
117774
310250
4611375
Strictly for private circulation
GLOBAL MARKETS UPDATE
Page No. 1www.sharetipsexpert.com
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P.P. 22431
SUP 1 RES 1
22262 22543
SUP 2 RES 2
22150 22712
SUP 3 RES 3
21981 22824
P.P. 64728
SUP 1 RES 1
61219 66857
SUP 2 RES 2
59090 70366
SUP 3 RES 3
55581 72495
OPEN
22601
HIGH
22601
OPEN
68000
HIGH
CLOSE
22626
Gold were down for a second day by almost -1.13 and settled at 22373 as the U.S. dollar rebounded
from a three-year trough and India raised interest rates to curb inflation. The U.S. dollar foundsupport as risk sentiment weakened amid fears of reprisals after Sundays killing of Al Qaeda leader
Osama bin Laden. Meanwhile, the Reserve Bank of India lifted its benchmark interest rate earlier in
the day to 7.25% from 6.75%, higher than the expected increase to 7.0%. The central bank said
that containing inflation had become more important than short-term growth. Rising interest rates
historically have been a negative for gold, which cannot compete with the higher interest rates
offered by other assets. Now gold is getting support at 22262 and below could see a test of 22150
level, And resistance is now likely to be seen at 22543, a move above could see prices testing
22712.
-253
-1.13
Strictly for private circulation
Silver tumbled, capping the biggest two-day slide since October 2008, after margin requirements on
the Comex increased for the third time in less than a week also pressure seen as holdings in the
iShares Silver Trust dropped to a 7-week low to 10,909.06 tonnes by May 3. Further dampening
sentiment in precious metals, latest U.S. data showed factory orders surged in March, a fifth straight
monthly increase, indicating a healthy manufacturing sector well placed to support economic
recovery. The dollar hovered above a near three-year low against a basket of currencies on
Wednesday, as the euro held firm against the greenback on expectations of further rate hikes by the
ECB. Now technically market is trading in the range as RSI for 18days is currently indicating 49.34,
where as 50DMA is at 59910.96 and silver is trading above the same and getting support at 61219
and below could see a test of 59090 level, And resistance is now likely to be seen at 66857, a move
RE CNG
-5228
INTRADAY LEVELS
68575
% CNG
www.sharetipsexpert.com Page No. 2
OI
15497
CLOSE
INTRADAY LEVELS
VOLUME
68238
13503
LOW
22320
MCX
GOLDFUTUR
E
LOW
MCXS
ILVERFUTUR
E
47015
OI
% CNG
VOLUME
62600
RE CNG
141697
-8.25
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P.P. 4992
SUP 1 RES 1
4934 5033
SUP 2 RES 2
4893 5091
SUP 3 RES 3
4835 5132
P.P. 420.8
SUP 1 RES 1
417.7 426.3
SUP 2 RES 2
412.3 429.4
SUP 3 RES 3
409.2 434.8
% CNG
1.45
VOLUME
Copper yesterday traded with the positive node and settled 1.45% up at 423.15 most in a week
after U.S. Factory Orders Advance after a report showed factory orders gained more than forecast in
the U.S., the worlds second-largest consumer of the metal. The LME warehousing committee will
meet two weeks earlier than planned, on May 27, to discuss a study on rules governing the
withdrawal of metal from warehouses. ETF Securities Ltd. introduced the first exchange-traded
products backed by physical aluminum, lead and zinc in London, adding to similar ETPs holding
copper, nickel and tin that began trading in December. Chile's Codelco, sees copper prices staying
high for some time as the costs of production mount, the state-run company's chairman said. For
today's session market is looking to take support at 417.7, a break below could see a test of 412.3
and where as resistance is now likely to be seen at 426.3, a move above could see prices testing
Strictly for private circulation www.sharetipsexpert.com Page No. 3
99957
OI
22106
RE CNG
6.15
INTRADAY LEVELS
5050
HIGH
5050
LOW
4951CLOSE
4975
% CNG
-1.61
VOLUME
101655
OI
14056
RE CNG
OPEN
-80
INTRADAY LEVELSCrude oil were down by -1.61 that is settled at 4975, volatile trade as a broadly stronger dollar and
concerns over declining demand from the worlds 2 biggest economies weighed on prices. The dollar
found support as risk sentiment weakened amid fears of reprisals after Sundays killing of Osama bin
Laden. The dollar index, which tracks the performance of the greenback versus a basket of six other
major currencies, was up 0.07% to hit 73.34, after earlier rising to 73.49, rebounding from a three-
year trough. Official Chinese data published late Sunday showed that the countrys purchasing
managers index fell unexpectedly to 52.9 in April from 53.4 in March, confounding expectations of
an increase to 54.0. Now crude is getting support at 4934 and below could see a test of 4893 level,
And resistance is now likely to be seen at 5033, a move above could see prices testing 5091.
MCXC
OPPERFUTUR
E
MCX
CRUDEFUTURE
OPEN
416.5
HIGH
423.95LOW
415.4
CLOSE
417
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P.P. 100.9
SUP 1 RES 1
100.0 101.7
SUP 2 RES 2
99.2 102.6
SUP 3 RES 3
98.3 103.4
P.P. 1210
SUP 1 RES 1
1198 1230
SUP 2 RES 2
1178 1242
SUP 3 RES 3
1166 1262
Strictly for private circulation www.sharetipsexpert.com Page No. 4
INTRADAY LEVELSZinc yesterday traded with the negative node and settled -0.35% down at 100.85 tracking LME zinc
prices overnight which moved between USD 2,235-2,265/mt during the Asian trading hours, thenfell to USD 2,215/mt since the US dollar index rebounded to 73.3. According to data from the US
Commerce Department, US factory orders during March rose 3.0%, to USD 462.91 billion, an
increase for the fifth straight month, while the forecast was a 2.0% increase. In this context, LME
zinc prices rallied to close at USD 2,260/mt, down USD 5/mt. Transactions were quiet, with trading
volumes decreasing by 1,870 lots to 6,232 lots, and total positions decreasing by 1,757lots to
235,156 lots. SHFE 1107 zinc contract prices are expected to fluctuate widely above RMB 17,000/mt.
For today's session market is looking to take support at 100, a break below could see a test of 99.2
and where as resistance is now likely to be seen at 101.7, a move above could see prices testing
MCXN
ICKELFUTUR
EOPEN
1191
HIGH
1222LOW
1190
CLOSE
1193
% CNG
2.04
VOLUME
39369
OI
5488
RE CNG
24.8
INTRADAY LEVELSNickel yesterday traded with the positive node and settled 2.04% up at 1217.8 tracking LME nickel
which opened at USD 26,737/mt and closed at USD 27,103/mt, up by USD 258/mt from a day
earlier, with the highest price at USD 27,325/mt and the lowest price at USD 26,450/mt. LME base
metals largely closed with gains on Tuesday and reversed upward trend, due to the weak US dollar
and from support from upbeat data from the US manufacture and construction sectors. LME nickel
prices fluctuated narrowly overnight, but were boosted to advance significantly from upbeat
economic data from the US during the European trading hours, with prices finally closing above USD
27,000/mt at the tail of the trading. In yesterday's trading session nickel has touched the low of
1190.1 after opening at 1191.3, and finally settled at 1217.8. For today's session market is looking
to take support at 1198, a break below could see a test of 1178.1 and where as resistance is now
101.2
% CNG
-0.35
VOLUME
17348
OI
12046
RE CNG
-0.35
OPEN
101
HIGH
101.8
LOW
100.1CLOSE
MCX
ZINCFUTUR
E
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P.P. 123.2
SUP 1 RES 1
122.3 124.6
SUP 2 RES 2
120.9 125.5
SUP 3 RES 3
120.0 126.9
P.P. 209.4
SUP 1 RES 1
207.6 210.8
SUP 2 RES 2
206.2 212.6
SUP 3 RES 3
204.4 214.0
www.sharetipsexpert.comStrictly for private circulation
5297
RE CNG
LOW
OI
VOLUME
3709
208
CLOSE
208.2
0.38
OI
3485
RE CNG
INTRADAY LEVELSAluminium yesterday traded with the positive node and settled 1.38% up at 123.6 after PPI for
March in the euro zone rose by 0.7%, slightly higher than the forecast, and the euro rebounded inresponse. US factory orders for March rose by 3.0%, much better than the forecast of a 0.7%
increase. In this context, LME base metals prices rose during the European trading hours, with the
US dollar index fluctuating around 73. LME aluminum prices overnight fluctuated and found support
at USD 2,740/mt in the morning, and surged to USD 2,800/mt level due to positive US economic
data, then rose to a record high of USD 2,803/mt since August 2008. Trading volumes increased
slightly, and with prices finally closing at USD 2,786.8/mt, up USD 22.8/mt. For today's session
market is looking to take support at 122.3, a break below could see a test of 120.9 and where as
resistance is now likely to be seen at 124.6, a move above could see prices testing 125.5.
0.8
INTRADAY LEVELSNatural gas yesterday traded with the positive node and settled 0.38% up at 209 trading in the tight
range but getting pressure as investors cashed out of the market to take advantage of a rally that
took prices to a 14-week peak. On Monday, natural gas futures rose to 211.40, the highest price
since January 24, amid speculation warmer-than-normal weather and declining production would
widen a stockpile deficit. However, the rally prompted some investors to sell their position on profit
taking and lock in gains on speculation that the markets recent rally had accounted for the boost to
early season air conditioning demand. U.S. natural gas supplies totaled 1.685 trillion cubic feet in the
week ended April 22, 0.6% below the five-year average and 11% below 2010 levels, the widest year
on-year deficit since early August 2008. For today's session market is looking to take support at
207.6, a break below could see a test of 206.2 and where as resistance is now likely to be seen at
Page No. 5
1.7
LOW
121.85CLOSE
121.9
% CNG
1.38
MCXNA
T.G
AS
FUTURE
OPEN
208.9
HIGH
211.2
% CNG
VOLUME
21477
OPEN
122.25
HIGH
124.15
MCXALUMINIUMFU
TUR
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MONTH RATE JUNE AUG OCT MONTH RATE JULY SEPT DEC
JUNE 22373 294 652 JULY 63347 295 1144
AUG 22667 358 SEPT 63642 849OCT 23025 DEC 64491
MONTH RATE MAY JUNE JULY MONTH RATE JUNE AUG
MAY 4975 50 111 JUNE 423.15 5.45
JUNE 5025 61 AUG 428.6
JULY 5086
MONTH RATE MAY JUNE MONTH RATE MAY JUNE
MAY 100.85 1.3 MAY 1217.8 9.4
JUNE 102.15 JUNE 1227.2
MONTH RATE MAY JUNE MONTH RATE MAY JUNE
MAY 209 5.2 MAY 1045.7 -91.9
JUNE 214.2 JUNE 953.8
SPREADMARKET
Spread between Silver JUL & SEP contracts yesterday
ended at 295, we have seen yesterday that the silver
market had traded with a negative node and settled -
8.25% down. Spread yesterday traded in the range of 0 -
592.
Spread between crude APR & MAY contracts yesterday
ended at 50, we have seen yesterday that the crude
market had traded with a negative node and settled -
1.61% down. Spread yesterday traded in the range of 35
56.
ACTIVE SPREAD UPDATE
DAILY SPR EAD IN ZINC - MCX
DAILY SPREAD IN CRUDE - MCX
DAILY SPREAD IN GOLD - MCX DAILY SPREAD IN SILVER - MCX
DAILY SPR EAD IN MENTHOL - MCX
DAILY SPREA D IN COPPER - MCX
Spread between Gold JUN & AUG contracts yesterday
ended at 294, we have seen yesterday that the gold
market had traded with a negative node and settled -
1.13% down. Spread yesterday traded in the range of 89
294.
Spread between natural gas MAY & JUN contracts
yesterday ended at 5.20, we have seen yesterday that the
natural gas market had traded with a positive node and
settled 0.38% up. Spread yesterday traded in the range of5 - 5.7.
Spread between menthol oil MAY & JUN contracts
yesterday ended at -91.90, we have seen yesterday that
the menthol oil market had traded with a negative node
and settled -0.23% down. Spread yesterday traded in therange of -97.9 to -91.9.
Strictly for private circulation www.sharetipsexpert.com Page No. 6
Spread between copper JUN & AUG contracts yesterday
ended at 5.45, we have seen yesterday that the copper
market had traded with a positive node and settled
1.45% up. Spread yesterday traded in the range of 5.4 -
7.
Spread between zinc MAY & JUN contracts yesterday
ended at 1.3, we have seen yesterday that the zincmarket had traded with a negative node and settled -
0.35% down. Spread yesterday traded in the range of 1 -
1.5.
Spread between nickel MAY & JUN contracts yesterday
ended at 9.40, we have seen yesterday that the nickelmarket had traded with a positive node and settled
2.04% up. Spread yesterday traded in the range of 9.40 -
11.7.
DAILY SPR EAD IN NI CKEL - MCX
DAILY SPREAD IN N AT. GAS - MCX
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DAY TIME CURRENCY Fo re cast P re viou s
1:30pm EUR 56.9 56.9
2:30pm EUR 0.002 -0.001
5:00pm USD 0 -0.386
5:45pm USD 200K 201K7:30pm USD 57.9 57.3
8:00pm USD 1.9M 6.2M
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0
Strictly for private circulation www.sharetipsexpert.com Page No. 3
NEWSYOUCA
N
USE
State-owned trading firm MMTC has invited tenders for the sale of 2,000 tonne of red lentils for supply in the
domestic market. Bids will close on May 3 and a decision on awarding the tender will be taken on the same day,
MMTC said on its website. The company is offering to sell 2,000 tonne of red lentils of Canadian/Australian origin of
the crop year 2009. At present, the pulses are stored at a godown in Kolkata, MMTC added. Offers should be for a
minimum lot of 50 tonne and in multiples of 50 tonne thereafter, it added. MMTC and other state-run trading
agencies like STC and PEC import varieties of pulses on behalf of the government to augment domestic supply.
Maize prices rose marginally by 0.3% to Rs 10,677 per tonne this week, a US Grains Council (USGC) report has said.
Maize prices were ruling at Rs 10,645 per tonne last week, according to the USGC report. However, on an annual
basis, the prices this week are 15% higher than the price in the year-ago period. The average price in April 2011 was
Rs 10,676 per tonne, an increase of 17.72% as compared to the average price in April 2010. Prices of maize went up
in Uttar Pradesh by 4.87% to Rs 10,946 per tonne, in Andhra Pradesh by 1.27% to Rs 10,500 per tonne, by 0.81%
to Rs 11,192 per tonne in Gujarat and by 0.42% to Rs 11,156 in Karnataka. However, maize prices fell in
Maharashtra by 4.2% to Rs 11,430 per tonne and by 0.29% to Rs 11,383 per tonne in Rajasthan. Maize prices in
Tamil Nadu were stable at Rs 11,621 per tonne. In the spot markets, prices of maize were up in Nizamabad to Rs
12,895 per tonne, in Davangere it went up by 1.21% to Rs 12,212 per tonne and in Karimnagar they were higher by
0.41% to Rs 12,833 per tonne.
The Reserve Bank of India raised interest rates by a sharper-than-expected 50 basis points on Tuesday and said
fighting inflation is its priority, even at the expense of short-term growth. The rate rise was its ninth since March
2010, and exceeded market and economists' expectations for a 25 basis point rise; although the case for stronger
action had been building since March headline inflation reached nearly 9 percent. The central bank said high prices of
oil and other commodities and the cumulative impact of its policy measures will lead to moderating growth of about 8
percent for the current fiscal year, assuming a normal summer monsoon and global crude oil prices of $110 a barrel.
The Reserve Bank of India lifted its repo rate, at which it lends to banks, to 7.25 percent.
DATA
ECONOMI
CAL
DATA
Wed
Final Services PMI
Challenger Job Cuts y/ y
ADP Non -Farm Employment ChangeISM Non-Manufacturing PMI
Crude Oil Inventories
Retail Sales m/ m
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Contact us
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CARROTINVESTMENT
The report and calls made herein are for general information purpose and report contains only the viewpoints. We make norepresentation or warranty regarding the correctness, accuracy or completeness of any information, and are not responsible for
errors of any kind even though we have taken utmost care in obtaining the information from sources which are believed to be
reliable, which are publicly available. The information contained herein is strictly confidential and is meant for the intended
recipients. Any alteration, transmission, photocopied distribution in part or in whole or reproduction of any form of the
information without prior consent of SHARETIPSEXPERT GROUP is prohibited. The information and data are derived from the
source that are deemed & believed to be reliable and the calls are based on the theory of Technical Analysis. Neither the
company nor its employees are responsible for the trading Profit(es) & loss(es) arising due to the trader. The commodities and
derivatives discussed and opinions expressed in this report may not be suitable for all investors falling under different categories
and jurisdictions. All futures trading entail significant risk, which should be fully understood prior to trading.