COMMODITIES FUTURES UPDATE AS ON 28TH AUGUST 2009 TIME: -10.40 IST
GOLD SILVER CRUDE COPPER
INTERNATIONAL UPDATE
PARTICULARS RATE %
EURO : 1.4355 0.03 MARKET TRADING IN THE RANGE DO TRADE AS COPPER BELOW
RUPEE : 48.860 -0.1 PER ALERT CRUDE POSITIVE 312.50 LOOK TILL
EVENING DATA CAN MARKET MKT VOLATILE 306-304
GOLD$ : 948.9 0.08
SILVER$ : 14.340 0.28
PLATINUM $ : 1232 -0.53
ENERGY UPDATE: NICKEL PEPPER REF.SOYA RUPEE
NAME RATE %
CRUDE : 72.68 -0.13 A DIP TILL 910-915
A DIP TILL 14300 49 LEVEL CAN BE
WILL BUY TGT 925- WEAK
NAT.GAS : 3.175 -0.18 CAN BE SEEN SUSTAINED
935
GASOLINE : 1.8853 -0.26
HEATING OIL : 1.8863 -0.20
STOCKS UPDATE:
TODAYS MARKET CALLS
NAME %
GOLD TRADING RANGE IS 14650-15300.
NASDAQ : 1640.97 0.24 SELL GOLD OCT@ 15040-15060 SL 15092 TGT 15018-14992-14965.MCX
SHICOM : 2874.27 -2.45
SILVER TRADING RANGE IS 22650-24000.
STRAITS : 2638.63 -0.14 SELL SILVER SEP @ 23370 SL 23480 TGT 23330-23290-23240.MCX
NIKKEI : 10483.43 0.09
CRUDE TRADING RANGE IS 3380-3640.
DJ : 9580.63 0.39 BUY CRUDE SEP ABV 3516 SL 3480 TGT 3528-3542-3565.MCX
FTSE : 1030.98 0.28 COPPER TRADING RANGE IS 290-325.
HANSANG : 20120.01 -0.61 BUY COPPER AUG @ 307-308 SL 305.80 TGT 309.20-310.80-312.10-313.50.MCX
ZINC TRADING RANGE IS 78-98.
BUY ZINC AUG ABV 88.90 SL 88 TGT 89.65-90.40-91.60.MCX
NICKEL TRADING RANGE IS 890-980.
LME STOCKS BUY NICKEL AUG ABV 940.20 SL 936.20 TGT 942.80-947.40-951.20.MCX
COMMODITY LAST NET SELL NICKEL AUG ON JUMP TILL 955 SL 962.50 TGT 951.20-946.80-942-934.50.MCX
COPPER 297550 1150 GUAR TRADING RANGE IS 2100-2220.
BUY GUAR SEPT @ 2150-2160 SL 2134 TGT 2178-2190-2205. NCDEX
ALUMINIUM 4613725 -4250
NICKEL 112026 1836 PEPPER TRADING RANGE IS 14200-15100.
BUY PEPPER SEPT ON DIP @ 14450-520 SL 14340 TGT 14580-14642-14690-14765. NCDEX
LEAD 120775 1625
TIN 19625 -25 MENTHOL TRADING RANGE IS 485-540. MENTHOL SPOT IS AT 568/-.SPOT IS UP BY RS 2/.
SELL MENTHOL SEPT @ 520-522 SL 526.40 TGT 517.40-514.20-511.50.MCX
ZINC 434925 1700
SOYABEAN TRADING RANGE IS 2250-2360.
BUY SOYABEAN SEPT ABV 2314 SL 2290 TGT 2328-2340-2356. NCDEX
CHANA TRADING RANGE IS 2210-2310.
Suggestions are welcome to WAIT FOR SELLING POSITION AS BELOW 2300 LOOK WEAK
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LEVELS AND DETAILS OF ALL COMMODITY
OPEN Change Change RSI
NAME OPEN HIGH LOW CLOSE Volume (18 DAYS)
INT in Rs. in %
ENERGY COMPLEX
CRUDE OIL
SEPT 3488 3524 3432 3504 14712 12 0.34 116736 51.97
OCT 3535 3564 3480 3547 1231 11 0.31 4063 50.13
INTRA-DAY Sup-1 Sup-2 Sup-3
LEVEL FOR Support P.POINT
3449 3395 3357
POSITIVE
SEPT Res-1 Res-2 Res-3
Resistance 3487
MONTH 3541 3579 3633
NATURAL GAS
SEPT 161.20 161.80 152.70 155.10 34325 -5.1 -3.18 56656 29.97
OCT 208.50 209.00 201.60 203.70 6046 -3.8 -1.87 6796 36.56
INTRA-DAY Sup-1 Sup-2 Sup-3
LEVEL FOR Support P.POINT
151.3 147.4 142.2
WEAK
SEPT Res-1 Res-2 Res-3
Resistance 156.5
MONTH 160.4 165.6 169.5
BASEMETAL COMPLEX
ZINC
AUG 89.00 89.50 87.60 88.65 1807 -0.35 -0.39 13202 58.41
SEPT 90.00 90.20 88.40 89.45 2583 -0.25 -0.28 3917 58.76
INTRA-DAY Sup-1 Sup-2 Sup-3
LEVEL
Support P.POINT
87.7 86.7 85.8
POSITIVE
AUG Res-1 Res-2 Res-3
Resistance 88.6
MONTH 89.6 90.5 91.5
NICKEL
AUG 940.00 947.20 920.00 938.60 3844 0.2 0.02 55367 59.47
SEPT 944.90 948.70 923.20 940.90 4651 -0.7 -0.07 17430 58.35
INTRA-DAY Sup-1 Sup-2 Sup-3
LEVEL FOR Support P.POINT
923.3 908.1 896.1
POSITIVE
AUG Res-1 Res-2 Res-3
Resistance 935.3
MONTH 950.5 962.5 977.7
LEAD
AUG 100.00 100.20 97.00 98.70 1188 -1.25 -1.25 18930 65.12
SEPT 100.00 100.40 97.45 98.95 2113 -1.25 -1.26 5280 65.15
INTRA-DAY Sup-1 Sup-2 Sup-3
LEVEL FOR Support P.POINT
97.1 95.4 93.9
POSITIVE
AUG Res-1 Res-2 Res-3
Resistance 98.6
MONTH 100.3 101.8 103.5
ALUMINIUM
AUG 90.00 91.25 88.40 90.65 1134 0.95 1.06 4738 51.32
SEPT 90.80 92.05 89.60 91.50 1401 0.8 0.87 1280 50.89
INTRA-DAY Sup-1 Sup-2 Sup-3
LEVEL FOR Support P.POINT
89.0 87.3 86.1
POSITIVE
AUG Res-1 Res-2 Res-3
Resistance 90.1
MONTH 91.8 93.0 94.7
OPEN Change Change RSI
NAME OPEN HIGH LOW CLOSE Volume (18 DAYS)
INT in Rs. in %
MCX - OTHER ITEMS
CARDAMOM
SEPT 856.8 858.0 841.5 844.8 284 -16.25 -1.92 100 57.63
INTRA-DAY Sup-1 Sup-2 Sup-3
LEVEL FOR Support P.POINT
838.2 831.6 821.7
WEAK
SEPT Res-1 Res-2 Res-3
Resistance 848.1
MONTH 854.7 864.6 871.2
MENTHOL - OIL
AUG 508.0 508.8 499.7 507.9 1616 -0.5 -0.1 821 48.14
SEPT 517.5 518.4 509.6 516.9 3487 -0.3 -0.06 1407 48.45
INTRA-DAY Sup-1 Sup-2 Sup-3
LEVEL FOR Support P.POINT
502.1 496.4 493.0
POSITIVE
AUG Res-1 Res-2 Res-3
Resistance 505.5
MONTH 511.2 514.6 520.3
REF.SOYAOIL
SEPT 462.9 464.7 457.4 462.0 490 -2.05 -0.44 1142 41.16
OCT 466.3 468.1 461.5 467.1 379 -0.25 -0.05 93 46.81
INTRA-DAY Sup-1 Sup-2 Sup-3
LEVEL FOR Support P.POINT
458.0 454.1 450.7
POSITIVE
SEPT Res-1 Res-2 Res-3
Resistance 461.4
MONTH 465.3 468.7 472.6
CRUDE PALM OIL
AUG 349.3 351.0 346.2 347.6 501 -2.5 -0.72 273 53.35
SEPT 350.1 352.0 348.3 349.7 3845 -0.2 -0.06 1354 54.04
INTRA-DAY Sup-1 Sup-2 Sup-3
LEVEL FOR Support P.POINT
345.5 343.5 340.7
WEAK
AUG Res-1 Res-2 Res-3
Resistance 348.3
MONTH 350.3 353.1 355.1
RAW JUTE
AUG 1960 1983 1960 1968 205 23 1.17 250 32.51
SEPT 1929 1989 1929 1986 892 66.5 3.35 591 40.6
INTRA-DAY Sup-1 Sup-2 Sup-3
LEVEL
Support P.POINT
1958 1947 1935
WEAK
AUG Res-1 Res-2 Res-3
Resistance 1970
MONTH 1981 1993 2004
POTATO - AGRA
SEPT 1198.50 1200.00 1187.10 1189.10 338 0 0 35 63.04
INTRA-DAY Sup-1 Sup-2 Sup-3
LEVEL
Support P.POINT
1184.1 1179.2 1171.2
WEAK
SEPT Res-1 Res-2 Res-3
Resistance 1192.1
MONTH 1197.0 1205.0 1209.9
OPEN Change Change RSI
NAME OPEN HIGH LOW CLOSE Volume (18 DAYS)
INT in Rs. in %
NCDEX AGRO ITEMS
CHILLI
OCT 5365 5575 5361 5550 2375 157.00 2.91 1050 47.2
DEC 5647 5745 5605 5722 970 98.00 1.71 545 48.67
INTRA-DAY Sup-1 Sup-2 Sup-3
LEVEL
Support P.POINT
5416 5281 5202
POSITIVE
OCT Res-1 Res-2 Res-3
Resistance 5495.3
MONTH 5630 5709 5844
COCUDCAKE
SEPT 592.1 603.5 589.2 602.4 28980 8.2 1.36 25,590 41.21
INTRA-DAY Sup-1 Sup-2 Sup-3
LEVEL FOR Support P.POINT
593.2 584.1 578.9
POSITIVE
SEPT Res-1 Res-2 Res-3
Resistance 598.4
MONTH 607.5 612.7 621.8
GUAR GUM
SEPT 4645 4735 4560 4687 14190 18 0.38 10,995 45.98
OCT 4729 4824 4644 4770 38085 15 0.31 23,915 45.81
INTRA-DAY Sup-1 Sup-2 Sup-3
LEVEL FOR Support P.POINT
4586.3 4485.7 4411.3
POSITIVE
SEPT Res-1 Res-2 Res-3
Resistance 4660.7
MONTH 4761.3 4835.7 4936.3
GUAR SEED
SEPT 2149 2178 2114 2160 88770 0 0 164,340 47.74
OCT 2191 2221 2154 2203 196470 -1 -0.05 462,150 47.79
NOV 2233 2263 2195 2247 17210 -1 -0.04 20,310 47.97
INTRA-DAY Sup-1 Sup-2 Sup-3
LEVEL FOR Support P.POINT
2123 2087 2059
POSITIVE
SEPT Res-1 Res-2 Res-3
Resistance 2151
MONTH 2187 2215 2251
PEPPER
SEPT 14474 14775 14360 14677 6005 163 1.12 5,464 53.48
OCT 14725 15020 14605 14919 4161 163 1.09 2,928 53.92
NOV 15000 15240 14923 15054 349 72 0.48 36 52.9
INTRA-DAY Sup-1 Sup-2 Sup-3
LEVEL FOR Support P.POINT
14433.0 14189.0 14018.0
POSITIVE
SEPT Res-1 Res-2 Res-3
Resistance 14604.0
MONTH 14848.0 15019.0 15263.0
OPEN Change Change RSI
NAME OPEN HIGH LOW CLOSE Volume (18 DAYS)
INT in Rs. in %
JEERA
SEPT 11390 11540 11324 11456 7128 85 0.75 3960 44.27
OCT 11561 11749 11530 11654 6336 85 0.73 1,524 43.93
INTRA-DAY Sup-1 Sup-2 Sup-3
LEVEL FOR Support P.POINT
11340 11224 11124
POSITIVE
SEPT Res-1 Res-2 Res-3
Resistance 11440
MONTH 11556 11656 11772
TURMERIC
SEPT 7250 7300 7192 7259 13030 0 0 20,630 62.04
OCT 7090 7099 6992 7057 6020 0 0 3,930 58.98
INTRA-DAY Sup-1 Sup-2 Sup-3
LEVEL FOR Support P.POINT
7201 7142 7093
POSITIVE
SEPT Res-1 Res-2 Res-3
Resistance 7250
MONTH 7309 7358 7417
MUSTARD SEED
SEPT 547.20 550.00 544.10 548.20 89970 0.5 0.09 31,990 48.48
OCT 553.50 556.00 550.15 554.20 44110 0.35 0.06 20,270 49.93
INTRA-DAY Sup-1 Sup-2 Sup-3
LEVEL FOR Support P.POINT
544.9 541.5 539.0
POSITIVE
SEPT Res-1 Res-2 Res-3
Resistance 547.4
MONTH 550.8 553.3 556.7
SUGAR M
SEPT 2770 2775 2720 2769 2670 19 0.69 280 88.34
OCT 2850 2850 2850 2850 100 18 0.63 10 97.84
INTRA-DAY Sup-1 Sup-2 Sup-3
LEVEL FOR Support P.POINT
2734 2700 2679
POSITIVE
SEPT Res-1 Res-2 Res-3
Resistance 2755
MONTH 2789 2810 2844
YELLOW MAIZE
SEPT 970.00 979.50 967.50 976.50 2730 -3.5 -0.36 790 53.15
OCT 940.00 940.00 934.00 936.00 2160 -12 -1.28 120 49.84
INTRA-DAY Sup-1 Sup-2 Sup-3
LEVEL FOR Support P.POINT
969.5 962.5 957.5
POSITIVE
SEPT Res-1 Res-2 Res-3
Resistance 974.5
MONTH 981.5 986.5 993.5
SOYA BEAN
SEPT 2331 2352 2282 2306 79030 -28.00 -1.2 69,760 43.25
OCT 2227 2252 2170 2189 60940 -48.00 -2.19 48,940 42.63
INTRA-DAY Sup-1 Sup-2 Sup-3
LEVEL FOR Support P.POINT
2275 2244 2205
WEAK
SEPT Res-1 Res-2 Res-3
Resistance 2313.2
MONTH 2344 2383 2414
OPEN Change Change RSI
NAME OPEN HIGH LOW CLOSE Volume (18 DAYS)
INT in Rs. in %
GUR
SEPT 1158 1174 1156 1169 7810 13.6 1.16 6,840 57.65
NOV 1040 1046 1029 1041 10300 -3.8 -0.36 5,810 62.15
INTRA-DAY Sup-1 Sup-2 Sup-3
LEVEL FOR Support P.POINT
1159 1148 1141
POSITIVE
SEPT Res-1 Res-2 Res-3
Resistance 1166
MONTH 1177 1184 1195
STEEL LONG
SEPT 22870 22870 22280 22590 18810 -220 -0.97 7,490 59.21
OCT 23590 23590 23010 23370 10970 -110 -0.47 2,230 60.3
INTRA-DAY Sup-1 Sup-2 Sup-3
LEVEL FOR Support P.POINT
22290 21990 21700
POSITIVE
SEPT Res-1 Res-2 Res-3
Resistance 22580
MONTH 22880 23170 23470
CHANA
SEPT 2251 2278 2223 2266 70530 20 0.89 87,310 38.87
OCT 2365 2403 2352 2389 48330 29 1.21 62,300 42.3
INTRA-DAY Sup-1 Sup-2 Sup-3
LEVEL FOR Support P.POINT
2233 2201 2178
POSITIVE
SEPT Res-1 Res-2 Res-3
Resistance 2256
MONTH 2288 2311 2343
TODAYS DATA
DAY TIME COUNTRY DATA FCST PREV
2:30pm EUR Consumer Confidence -21 -23
6:00pm USD Core PCE Price Index m/m 0.20% 0.20%
FRIDAY 6:00pm USD Personal Spending m/m 0.30% 0.40%
6:00pm USD Personal Income m/m 0.10% -1.30%
7:25pm USD Revised UoM Consumer Sentiment 64.6 63.2
7:25pm USD Revised UoM Inflation Expectations 2.80%
KING OF MARKET: - GOLD, SILVER & CRUDE
GOLD SILVER COPPER CRUDE
COMMODITIES GOLD $ SILVER $
OCT SEP AUG SEP
Close 15027 23296 307.95 3504 948.10 14.30
15170 23725 313.80 3610 966.80 14.74
Resistance 15138 23640 311.50 3572 960.20 14.68
15101 23547 309.20 3540 956.60 14.56
15065 23465 308.60 3522 951.80 14.44
14972 23240 306.70 3465 941.70 14.16
Support 14935 23165 304.80 3436 937.60 14.02
14902 23020 302.60 3410 934.50 13.88
14858 22860 300.40 3390 928.20 13.65
COPPER BELOW GOLD 930-960 SRTICKLY
MKT RANGE BOUND DO AS PER CRUDE WILL TRADE
312.50 LOOK TRADING RANGE
Special Remark ALERT
WEAK TILL 302-
IN RANGE BOUND
SILVER BELOW 14.22 LOOK TILL
70$ WILL BE IMP
303 14.02 & 13.80$ LEVEL.
NEWS YOU CAN USE
Maharashtra reels under acute milk shortage: Used to buying milk anywhere at anytime, customers found that in the past few weeks
this had become difficult. Though April to September is always a lean season for milk production, this year the shortage continued into
July and August when milk was in acute short supply in the state. A deficient monsoon, one reason for the milk shortage in
Maharashtra, but is not the sole reason. The busting of the milk adulteration racket in the milk producing belt by the state
government’s Food and Drug Administration (FDA) and sale of the commodity to neighbouring states at higher rates are other reasons
for this shortage. Major dairies in the state like Gokul, Warna, Chitale and Gowardhan say that their milk procurement has increased
marginally but so has the demand for milk. Others like Mumbai-headquartered Mahanand Dairy resorted to importing milk from other
states. Mahanand purchased milk from Karnataka and the Ujjain milk co-operative in Madhya Pradesh. “We need more than 5.5 lakh
litres per day to sell in the entire state. For about four to five days we were short by 30-40,000 litres of milk. But now as the month of
Shravana is over, we are able to meet all the demand,” said its senior dairy manager.
Paddy farmers in for a special bonus: The government may announce a bonus over and above the minimum price paid to paddy
farmers for the next season starting October. In his meeting with a delegation of Akali Dal and BJP MPs and MLAs from Punjab, led by
state chief minister Parkash Singh Badal, food and agriculture minister Sharad Pawar said the government would definitely do
something to give relief to paddy farmers. Mr Pawar said he was aware of rising cost of production due to drought and the matter of
giving incentive would be seriously looked into at the time of procurement of paddy. In addition, the Centre should announce a bonus
of Rs 100 per quintal because of higher cost of production following deficient monsoon. He demanded a central assistance of Rs 1,420
crore to Punjab as the state has already purchased power at higher price to save the crop.
Planters wary over labour shortage, rising cost: Acute labour shortage, increasing social cost and the future implications of Asean free
trade agreement have dampened the spirits of the planters notwithstanding the good time the plantation industry is having in the last
one year. With the planters having lot of woes relating to labour shortage and implementation of Minimum Wages Act, Union minister
for labour and employment, Mallikarjun Kharge is expected to be present as the chief guest at the 116th annual conference of Upasi,
which would be held at Coonoor on September 15. A full day session on commodities, where the latest technological and scientific
advancements in the plantation sector would be showcased, is expected to precede the conference.
UP paddy production likely to decline sharply: Paddy production in Uttar Pradesh could decline sharply to about 110 lakh metric tonnes
this year as the state agriculture department revises its production estimates for the year. What was initially being seen as a decline in
production of paddy to 131 lakh tonnes is now likely to be revised to as low as 110 lakh tonnes. Compounding the problem of drought
in large parts of the state, some districts in are now left reeling with sudden floods. River water released by Nepal has flooded 13
districts of the state and the standing crops in these areas have been destroyed. Agriculture department officials say that as per the
final figures emerging from field survey, the total area under paddy cultivation in the state is expected to be only 40 lakh hectares. The
government had targeted paddy cultivation on about 60 lakh hectares this year. River water released by Nepal has added to the woes
and crops standing in 13 districts have been affected badly. About 5 lakh hectares of agricultural land in these districts have been
submerged in water, which would compound the shortfall in agricultural produce this year. Though not a new phenomenon, as water
released by Nepal has been inundating villages in the past also, this year the flood situation would compound the shortfall in kharif
production.
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