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									COMMODITIES KHAZANA
                          A Daily Technical Report on Commodities                                                      24 November 2010

INTRADAY LEVELS:
                            RECOMMENDATIONS FOR MCX, NCDEX, NYMEX, COMEX, LME, CBOT, BMD & NMCE
Commodity              Contract    S3       S2          S1           CLOSE      R1       R2       R3       Recommendations*
                                                                      Bullion
Gold Comex               Dec-10    1333.9   1344.7      1361.2        1377.6    1388.5   1399.3   1415.8   Buy at 1371 TP 1384 SL 1362
Gold MCX                 Dec-10    19859     20005      20258          20512    20657    20803    21056    Buy at 20470 TP 20600 SL 20400
Silver Comex             Dec-10    2623.5   2662.7      2710.0        2757.2    2796.5   2835.7   2883.0   Buy at 2751 TP 2782 SL 2731
Silver MCX               Dec-10    40661     40995      41511          42026    42361    42695    43211    Buy at 41970 TP 42300 SL 41840
                                                                    Base Metals
Copper Comex             Dec-10     352.2    358.9       364.6         370.3     377.0    383.7    389.4   Sell at 376 TP 370 SL 379
CopperLME 3M                Fwd      7747     7899       8026          8154      8305     8456     8584    Sell at 8280 TP 8100 SL 8390
Copper MCX               Nov-10     361.9    365.2       369.5         373.9     377.1    380.4    384.7   Sell at 377 TP 372 SL 380
Lead LME 3M                 Fwd      2047     2106       2142          2178      2237     2296     2332    Sell at 2225 TP 2180 SL 2245
Lead MCX                 Nov-10     95.07        96.6        97.7      98.70     100.3    101.8    102.9   Sell at 100.2 TP 98 SL 101.5
Zinc LME 3M                 Fwd      1970     2025       2060          2095      2150     2205     2240    Sell at 2125 TP 2060 SL 2160
Zinc MCX                 Nov-10     92.53        93.5        94.4       95.4      96.3     97.3     98.2   Sell at 96.4 TP 94 SL 98
Nickel LME 3M               Fwd    20409     20755      21179          21604    21949    22295    22719    Buy at 21700 TP 22300 SL 21400
Nickel MCX               Nov-10     935.1    948.8       969.9         990.9    1004.7   1018.4   1039.5   Buy at 985 TP 1005 SL 075
Aluminum LME 3M             Fwd      2188     2218       2235          2252      2282     2313     2330    Sell at 2275 TP 2230 SL 2298
Aluminium MCX            Nov-10    100.33    101.0       101.7         102.5     103.1    103.8    104.5   Sell at 103.6 TP 102 SL 104.8
Steel Long NCDEX         Dec-10    24313     24447      24573          24700    24833    24967    25093    Sideways
                                                                      Energy
Crude Nymex               Jan-11    78.50    79.39       80.32         81.25     82.14    83.03    83.96   Buy at 81.4 TP 82.5 SL 80.90
Crude Oil MCX            Dec-10      3654     3678       3721          3763      3788     3812     3855    Buy at 3750 TP 3800 SL 3710
Natural Gas Nymex        Dec-10     3.981    4.048       4.156         4.264     4.331    4.398    4.506   Sideways
Natural Gas MCX          Nov-10     182.1    184.9       189.1         193.3     196.1    198.9    203.1   Sideways
                                                                     Oilseeds
Soybean CBOT             Nov-10    1224.5   1230.8      1235.5        1240.3    1246.5   1252.8   1257.5   Buy at 1232 TP 1259 SL 1220
Soybean NCDEX            Dec-10      2186     2213       2239          2265      2292     2319    2345.0   Buy above 2293 TP 2320 SL 2274
Soy Oil CBOT             Dec-10     48.59    48.83       49.05         49.27     49.51    49.75    49.97   Sideways
Soy Oil MCX              Dec-10     552.0    557.3       562.8         568.4     573.6    578.9    584.4   Buy above 574 TP 579 SL 571
Soy Oil NCDEX            Dec-10     552.4    557.4       563.6         569.9     574.8    579.8    586.0   Buy above 574 TP 579 SL 571
RM Seed NCDEX            Dec-10     558.7    562.6       565.2         567.8     571.7    575.6    578.2   Sideways
CPO BMD                  Feb-11      3127     3142       3158          3175      3189     3204     3220    Buy at 3165 TP 3190 SL 3148
CPO MCX                  Dec-10     472.0    477.3       481.2         485.2     490.4    495.7    499.6   Buy above 492 TP 496 SL 489
Castor seed NCDEX        Dec-10      3779     3801       3831          3861      3883     3905    3935.0   Buy at 3842 TP 3880 SL 3810

*NOTE: The calls shown above are purely INTRA-DAY and should NOT be Carried-forward.




                      Karvy Comtrade Ltd, Karvy Centre, 46, Avenue 4, Street 1, Banjara Hills, Hyderabad 500 034
 COMMODITIES KHAZANA
                           A Daily Technical Report on Commodities

                             RECOMMENDATIONS FOR MCX, NCDEX, NYMEX, COMEX, LME, CBOT, BMD & NMCE
Commodity              Contract   S3         S2         S1         CLOSE     R1         R2         R3          Recommendations*
                                                                    Spices
Pepper NCDEX             Dec-10    21020     21416      21683       21950    22346      22742       23009      Sell 21120 TP 21700 SL 22400
Turmeric NCDEX           Dec-10    13884     13976      14160       14344    14436      14528       14712      Buy 14320 TP 14450 SL 14260
Jeera NCDEX              Dec-10    14069     14439      14799       15158    15529      15899       16259      Sideways
Chilli NCDEX             Dec-10     5269      5348       5421        5493     5573       5652           5725   Sell 5520 TP 5430 SL 5600
Cardamom MCX             Dec-10        981        996    1023        1049     1064       1079       1105.6     Buy 1045 TP 1062 SL 1027
                                                               Cereals & Pulses
Wheat NCDEX              Dec-10     1288      1292       1293        1295     1298       1302           1303   Sell 1297 TP 1290 SL 1302
Maize NCDEX              Dec-10        986        990        992      995         998    1002           1004   Sell 996 TP 990 SL 999
Barley NCDEX             Dec-10     1246      1249       1256        1262     1266       1269           1276   Buy 1258 TP 1265 SL 1252
Guar seed NCDEX          Dec-10     2414      2438       2484        2529     2554       2578           2624   Buy 2522 TP 2498 SL 2552
Guar Gum NCDEX           Dec-10     5557      5657       5831        6006     6105       6205           6379   Buy 5970 TP 6200 SL 5870
Chana NCDEX              Dec-10     2444      2460       2476        2493     2508       2524           2540   Buy 2485 TP 2520 SL 2460
                                                                    Others
Mentha Oil MCX          Nov-10    1106.1     1143.8     1167.6      1191.4   1229.1     1266.8      1290.6     Sell 1210 TP 1180 SL 1215
Gur NCDEX                Dec-10    923.6      928.4      936.2       944.0    948.8      953.6       961.4     Buy 942-40 TP 965 SL 933
Cocud NCDEX              Dec-10        985        995    1010        1024     1034       1044       1058.5     Buy 1020 TP 1035 SL 1008
Kapas NCDEX              Apr-11        709        716        723      729         737        744     750.5     Sell at 733 TP 726 SL 740
Kapas MCX                Apr-11        717        724        731      737         744        752     758.0     Sell at 740 TP 729 SL 747
Potato MCX              Mar-11         637        650        659      668         681        694     702.8     Buy at 658 TP 670 SL 649
Potato NCDEX            Mar-11         605        616        625      634         645        657     665.7     Buy at 624 TP 634 SL 616
Rubber NMCE              Dec-10    19210     19540      19720       19900    20230      20560      20740.0     Sell at 19980 TP 19700 SL 20140

*NOTE: The calls shown above are purely INTRA-DAY and should NOT be Carried-forward.




                       Karvy Comtrade Ltd, Karvy Centre, 46, Avenue 4, Street 1, Banjara Hills, Hyderabad 500 034
COMMODITIES KHAZANA
                              A Daily Technical Report on Commodities



Gold December MCX

Gold December future prices shot up on yesterday’s trading
session by gaining as much as 1.83% from previous close. After
making a high of 20549 it settled at 20512 levels. Closing of the
daily candle renders upside momentum to be continued. A mild
lower correction is expected before resuming its uptrend. The
key level to watch is at 20370 levels sustain above would lead
the prices to remain higher. We recommend buying near
support levels.




Crude oil December MCX

Crude oil December future prices traded higher on yesterday’s
trading session by reversing the previous losses. Initially it
made a intraday low of 3703 levels thereafter it took reversal
and settled higher at 3763 levels. Overall, it gained as much as
1.32% from previous close. Although, prices trade higher but
trading below the daily short term EMA suggests downside
pressure.




Copper November MCX

Copper November future prices initially witnessed downtrend.
After making a intraday low of 368.4 it took reversal and settled
at 373.9 levels. Closing of the daily candle renders indecisive
movements for the day. Market is witnessing a stiff resistance
at 379 levels. Sustain below would limit the gains. The RSI (14)
daily ended at 0.44 levels and showing a lower potential.
Overall, we expect prices to move in the band of 379-268 levels.




Guar seed December NCDEX

Guar seed December future prices traded completely higher on
yesterday’s trading sessions. After making a high of 2533 it
settled higher at 2529 levels. Closing of the daily candle renders
bullish movements for the day. Crucial resistance is at 2541
levels. On breach above would lead the prices to trade further
higher. The key support level is at 2470 levels. We recommend
buying at lower levels.



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

								
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