share tips expert commodity report 29032011
TRANSCRIPT
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8/6/2019 Share Tips Expert Commodity Report 29032011
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Daily Commodity Market Update as on Tuesday, March 29, 2011
PRECIOUS METALS COMPLEX
NAME OPEN HIGH LOW CLOSE % CNG
GOLD 20806 20806 20645 20728 -0.49
SILVER 55416 55544 54635 55426 -0.09
GOLD 1421.4 1422.8 1415.95 1418 -0.22
SILVER 37.14 37.22 36.82 36.9 -0.65
PLATINUM 1740.49 1746 1730 1736.5 -0.42
Bullion prices inched lower weighed down by a firmer
dollar, but violent unrest in the Middle East as well as an
unfolding nuclear crisis in Japan lent support.SPOT $
MCX
NAME OPEN HIGH LOW CLOSE % CNG
CRUDE 4731 4740 4677 4719 -0.49
N.GAS 203.7 205.8 201.7 205 0.83
ENERGY COMPLEX
Crude oil prices fell on Libya's rebels successes against
forces loyal to Muammar Gaddafi, the stronger dollar and
continued concern about demand from Japan. Natural gas
ended positive as forecasters predicted that the chill felt
across much of the northern tier of the U.S. would extend
MCX
CRUDE 105.43 105.76 103.6 103.98 -1.37532
NAME OPEN HIGH LOW CLOSE % CNG
-
. .
into April, lifting gas demand.
BASEMETAL COMPLEX
MCX
. . . . - .
ZINC 105.75 105.75 103.7 104.45 -1.68
NICKEL 1212.1 1212.1 1174.4 1177.5 -3.33
LEAD 120.5 120.5 119.05 119.75 -1.25
ALUMINIUM 116.55 116.85 115.7 116.15 -0.9
COPPER 9519.75 9542.75 9471.25 9538.75 -0.17 625
ZINC 2340 2355 2331 2350.5 0.38 -625
Base metals ended down as a stronger dollar and weak
investor sentiment drives a selloff across the markets.
LME STOCKLM E
COPPER
ZINC
439900
734650. .
NICKEL 26100 2625 26020 26350 0.56 -168
LEAD 2628 2631 2618.25 2628 0 -175
ALUMINIUM 2625 2631 2610.75 2611.25 -0.23 3150
SENSEX NIFTY NASDAQ S&P NYSE DOW JON NIKKEI SHICOM KOREA HKFE $ INDEX
19015.24 5701.3 2303.1 1310.19 8296.52 12197.88 9383.81 2991.18 2059.88 23121.01 76.19
NICKEL
LEAD
ALUMINIUM
124086
283800
4606100
GLOBAL MARKETS UPDATE
0.38 0.25 -0.57 -0.27 -0.3 -0.19 -0.84 0.24 0.19 0.23 0.08
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8/6/2019 Share Tips Expert Commodity Report 29032011
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OPEN
20806
HIGH
LOW
20645
-0.49
20806
% CNG
VOLUME
CLOSE
20728
FUTUR
E
-101
7660
RE CNG
28068
OI
INTRADAY LEVELS
X
GOLD
Gold dipped in the line of expectation slumping to a six-day low as a broadly stronger U.S. dollar
P.P. 20726
SUP 1 RES 1
20647 20808
SUP 2 RES 2
20565 20887
SUP 3 RES 3
20486 20969
MC
. , .ounce, the lowest price since March 18.The U.S. dollar was boosted by hawkish comments from
regional Fed officials. The Fed should hike interest rates from the current range near zero to 2.5%
within a year under a plan Plosser unveiled Friday. Plosser's comments were followed by St. Louis
Fed President, who said on Saturday that lengthening the 'extended period' of low rates could
encourage a liquidity trap. Now technically market is trading in the range as RSI for 18days is
currently indicating 48.8, where as 50DMA is at 20692.92 and gold is trading above the same and
getting support at 20647 and below could see a test of 20565 level, And resistance is now likely to
be seen at 20808, a move above could see prices testing 20887.
55416
HIGH
55544
54635
OPEN
LOW
UR
E
OI
15102
81462
-0.09
VOLUME
RE CNG
55426
% CNG
VERFU
P.P. 55202
SUP 1 RES 1
54859 55768
SUP 2 RES 2
INTRADAY LEVELS
Silver dip on weak global trend lower off take silver opened flat at 55416 and dipped till 54635 on
tracking pressure from base metal and crude oil breaking 55000 level mark but latter recovered and
test the fresh high of 55544 and finally closed at 55426 tracking weakening global trend. Reduced
offtake in the spot market at existing high levels also dampened the trading sentiment in futures.
Now technically market is trading in the range as RSI for 18days is currently indicating 70.92, where
-52
MCXS
I
54293 56111
SUP 3 RES 3
53950 56677
Page No. 2
as 50DMA is at 50254.28 and silver is trading above the same and getting support at 54859 and
below could see a test of 54293 level, And resistance is now likely to be seen at 55768, a move
above could see prices testing 56111.
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8/6/2019 Share Tips Expert Commodity Report 29032011
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4731
HIGH
OPEN
4719
% CNG
-0.49
VOLUME
4740
LOW
4677CLOSE
FUTURE
14699
RE CNG
-23
INTRADAY LEVELSCrude oil extended losses slumping to the lowest price in four days after rebel forces in Libya
126846
OI
CRUDE
P.P. 4712
SUP 1 RES 1
4684 4747
SUP 2 RES 2
4649 4775
SUP 3 RES 3
4621 4810
captured key oil towns over the weekend, easing fears over a prolonged disruption to supplies.
According to media reports out of Libya, rebel forces have regained control over the major oil ports
of Brega and Ras Lanuf in eastern Libya, fuelling hopes of a quick resolution to the countrys ongoing
civil war. Libya is Africas biggest holder of crude oil reserves and produces roughly 1.6 million
barrels of crude a day. According to the US EIA, countries in North Africa and the Middle East were
responsible for 36% of global oil output and held 61% of proved reserves in 2010. Now crude is
getting support at 4684 and below could see a test of 4649 level, and resistance is now likely to be
seen at 4747, a move above could see prices testing 4775.
MC
HIGH
438.5LOW
431.1TUR
EOPEN
438.5
RE CNG
% CNG
-1.5
VOLUME
87278
OI
19556
432.6
PPERFU
P.P. 434.1
SUP 1 RES 1
429.6 437.0
SUP 2 RES 2
-6.5
INTRADAY LEVELSCopper yesterday traded with the negative node and settled -1.5% down at 432.6 on renewed
worries about Japan's crisis, weak demand from top consumer China and rising stocks persuaded
investors to retreat from assets perceived to be risky. China's apparent demand for refined copper
slumped 12.5 percent in February, data showed last week. Selling was also triggered by news that
the operator of Japan's crippled nuclear plant had given out mistaken radiation readings. The
radiation is evidently much higher than first thought, which is raising fears that the regions aroundMCXC
O
426.7 441.5
SUP 3 RES 3
422.2 444.4
the nuclear power plant will be contaminated for years and could therefore be uninhabitable. For
today's session market is looking to take support at 429.6, a break below could see a test of 426.7
and where as resistance is now likely to be seen at 437, a move above could see prices testing
441.5.
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105.75
HIGH
OPEN
104.45
% CNG
-1.68
VOLUME
105.75
LOW
103.7CLOSE
UTUR
E
6307
RE CNG
-1.75
INTRADAY LEVELSZinc yesterday traded with the negative node and settled -1.68% down at 104.45 as market
20405
OI
X
ZINC
P.P. 104.6
SUP 1 RES 1
103.5 105.6
SUP 2 RES 2
102.6 106.7
SUP 3 RES 3
101.5 107.6
p ayers were concerne a e e era eserve s quan a ve eas ng mone ary po cy w
come to an end in June, and were also worried about the ultra-high nuclear radiation level
near the Fukushima nuclear power plant. Meanwhile, the housing markets and banking
system in Spain were disappointing, triggering investor concerns that Spain will likely suffer
Portuguese-style debt crisis. Those negative factors caused panic sell-offs by investors. For
today's session market is looking to take support at 103.5, a break below could see a test of
102.6 and where as resistance is now likely to be seen at 105.6, a move above could see
prices testing 106.7.
MC
HIGH
1212.1LOW
1174.4UR
EOPEN
1212.1
RE CNG
% CNG
-3.33
VOLUME
40823
OI
7130
1177.5
KELFU
P.P. 1188
SUP 1 RES 1
1164 1202
SUP 2 RES 2
-39.2
INTRADAY LEVELSNickel yesterday traded with the negative node and settled -3.33% down at 1177.5 tracking LME
nickel futures for delivery in three months opened at USD 27,050/mt and closed at USD 26,203/mt,
down by USD 871/mt from a day earlier, with the highest price at USD 27,050/mt and the lowest
price at USD 26,175/mt. LME base metal prices largely ended with losses over night, as market
sentiment was dampened due to investors' concern that China's weakening demand and buying as
well as growing inventories will curb investment demand. The second round of quantitative easingMCXN
I
1150 1226
SUP 3 RES 3
1126 1239
monetary policy from the US will last until June, and the US Federal Reserves indicated possible
interest rate hike. For today's session market is looking to take support at 1163.9, a break below
could see a test of 1150.3 and where as resistance is now likely to be seen at 1201.6, a move above
could see prices testing 1225.7.
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OPEN
116.55
HIGHR
% CNG
-0.9
VOLUME
116.85
LOW
115.7CLOSE
116.15
UMFU
T
3171
OI
1573
RE CNG
Aluminium yesterday traded with the negative node and settled -0.9% down at 116.15 as news hit
-1.05
INTRADAY LEVELSLUMINI
P.P. 116.2
SUP 1 RES 1
115.6 116.8
SUP 2 RES 2
115.1 117.4
SUP 3 RES 3
114.5 117.9
n e mar e a e e era eserve w ncrease enc mar n eres ra e recen y n or er ocurb inflationary pressure, helping support US dollar index. Later, the President of European Central
Bank said it will likely raise interest rate in April, causing the euro to rebound. LME aluminum prices
opened at USD 2,640/mt last night, and the stronger US dollar index dragged down LME base metals
prices, with LME aluminum prices even falling to a low of USD 2,612.3/mt and breaking through the
5-day moving average. LME aluminum prices finally closed at USD 2,617/mt, down USD 24/mt or
0.91% compared with the previous trading day. For today's session market is looking to take
support at 115.6, a break below could see a test of 115.1 and where as resistance is now likely to be
seen at 116.8, a move above could see prices testing 117.4.
MCX
LOW
TURE
OPEN
203.7
HIGH
205.8
201.7
6243
RE CNG
OI
VOLUME
19325
0.83
205
.GAS
F % CNG
P.P. 204.2
SUP 1 RES 1
202.5 206.6
SUP 2 RES 2
Natural gas yesterday traded with the positive node and settled 0.83% up at 205 as forecasters
predicted that the chill felt across much of the northern tier of the U.S. would extend into April,
lifting gas demand. Earlier in the day, natural gas futures rose to USD4.557, the highest price since
February 3, amid indications of increased demand after forecasts for colder than average
temperatures in the U.S. next week. However, the rally prompted some investors to sell their
position on profit taking and lock in gains on speculation that the market's recent rally had
1.7
INTRADAY LEVELS
CXNA
200.1 208.3
SUP 3 RES 3
198.4 210.7
accounted for the boost to heating needs. Stocks were 12 billion cubic feet lower than last year at
this time and 34 billion cubic feet above the five-year average of 1.578 trillion cubic feet. For today's
session market is looking to take support at 202.5, a break below could see a test of 200.1 and
where as resistance is now likely to be seen at 206.6, a move above could see prices testing 208.3.
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DAILY SPR EAD IN SILVER - MCXDAILY SPR EAD IN GOLD - MCX
ACTIVE SPREAD UPDATE
MONTH RATE APRIL JUNE AUG MONTH RATE MAY JULY SEPT
APRIL 20728 291 619 MAY 55426 632 1317
JUNE 21019 328 JULY 56058 685AUG 21347 SEPT 56743
Spread between Gold APR & JUN contracts yesterday
ended at 291, we have seen yesterday that the gold
market had traded with a negative node and settled -
0.49% down. Spread yesterday traded in the range of 263
- 291.
Spread between Silver MAY & JUL contracts yesterday
ended at 632, we have seen yesterday that the silver
market had traded with a negative node and settled -
0.09% down. Spread yesterday traded in the range of
632 - 745.
MONTH RATE APRIL MAY JUNE MONTH RATE APRIL JUNE
APRIL 4719 54 97 APRIL 432.6 5.7
MAY 4773 43 JUNE 438.3
JUNE 4816
DAILY SPREAD IN CRUDE - MCX DAILY SPREAD IN COPPER - MCX
Sprea etween cru e MAR & APR contracts yester ay
ended at 54, we have seen yesterday that the crude
market had traded with a negative node and settled -
0.49% down. Spread yesterday traded in the range of 54
58.
DAILY SPR EAD IN ZINC - MCX
Sprea etween copper APR & JUN contracts yester ay
ended at 5.7, we have seen yesterday that the copper
market had traded with a negative node and settled -
1.5% down. Spread yesterday traded in the range of 3.5
5.8.
DAILY SPR EAD IN NI CKEL - MCXARKET
MONTH MONTH
MARCH 104.45 1.25 MARCH 1177.5 10.8
APRIL 105.7 APRIL 1188.3
Spread between zinc MAR & APR contracts yesterday
ended at 1.25, we have seen yesterday that the zincmarket had traded with a negative node and settled -
1.68% down. Spread yesterday traded in the range of 1 -
1.35.
Spread between nickel MAR & APR contracts yesterday
ended at 10.80, we have seen yesterday that the nickelmarket had traded with a negative node and settled -
3.33% down. Spread yesterday traded in the range of
7.90 - 11.2.PREAD
MONTH RATE APRIL MAY MONTH RATE APRIL MAY
APRIL 205 5 APRIL 1116.3 -152.3
MAY 210 MAY 964
S read between natural as APR & MAY contracts S read between menthol oil APR & MAY contracts
DAILY SPREAD I N MENTHOL - MCXDAILY SPREAD IN N AT. GAS - MCX
yesterday ended at 5.00, we have seen yesterday that the
natural gas market had traded with a positive node and
settled 0.83% up. Spread yesterday traded in the range of4.7 - 5.3.
yesterday ended at -152.30, we have seen yesterday that
the menthol oil market had traded with a range bound
node and settled 0% flat. Spread yesterday traded in therange of -153.4 to -138.5.
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DAY TIME CURRENCY Fo re cast P re viou s
1:10am USD 0 0
DATA
FOMC Member Evans SpeaksL
11:30am EUR 5.9 6
All Day EUR 0.004 0.005
12:15pm EUR 0.006 -0.0056:30pm USD -0.031 -0.024
7:30pm USD 64.9 70.4
0 0 0 0
0 0 0 0
0 0 0 0
0
0
0
Tue
German Prelim CPI m/ m
French Consumer Spending m/ mS&P/ CS Composite-20 HPI y/ y
CB Consumer Confidence
GfK German Consumer Climate
ONOMI
C
DATA
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
Wheat crop arrival in Punjab and Haryana is set to get delayed by 7-10 days from the wheat procurement season
starting April 1, as the crop is still not fully matured due to extended cold conditions, along with few spell of rain last
month. Harvesting of wheat crop is expected to start from April 10 in Punjab as crop is still not fully ripened across
EC 0
0
0
0
E
the state. Therefore, there will be a delay in crop arrival in mandis," Punjab Agriculture Department Joint Director
Gurdial Singh told PTI here. Similarly, the neighbouring state Haryana will also see delay in wheat arrival due to
unripened crop. "The wheat arrival in mandis will delay by at least 7 to 10 days in the state," Haryana Agriculture
Department Additional Director B S Duggal said. Extended low temperature, along with rain lashing the northern
region, especially in February, has caused delay in the ripening of the crop, officials said. Wheat arrival, though in
small quantity, normally starts from April 1 with farmers commencing harvesting in few pockets of both Punjab and
Haryana. Experts after visiting major wheat-growing areas of the states pointed out the colour of wheat was still
green and it had not turned 'golden-yellow', which was a sign of maturity. However, farm experts asserted the
prolonged cold conditions in north would help in raising the yield of the wheat crop. On the back of favourable
CA
N
Uwea er con ons, o un a an aryana are eye ng w ea ou pu o a onnes n a season, up y
per cent over last year's production.
Within days of the union government lifting the ban on sugar exports, mills in Uttar Pradesh are getting into purchase
deals with factories in Maharashtra, which produce sugar at lowest cost and are closer to sea ports, to ship the
sweetener. Falling domestic sugar prices amidst a surplus production and mounting arrears to farmers have pushed
mills to lobby with the government to allow shipments. Uttar Pradesh being a landlocked state, sugar producers have
to bear the cost of trans ortin the consi nments to orts. While awaitin their ex ort uota these mills are ettin
WSYO
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in touch with producers in Maharashtra to buy sugar there and ship it right across the ports. Though the central
government has permitted exports of 5 lakh tonne, it has not released a formal notification yet. The January 2011
notification had given two options to factories: They could either export sugar from their own production or source it
from some other factory to minimise the transportation cost. If the January 2011 provisions continue, Uttar Pradesh
mills are most likely to purchase sugar from Maharashtra. The state is the lowest-cost sugar producer in the country
and the country's main port, JNPT, is closer to its mills. Sources said a top private sugar manufacturer has blocked
export licences of Uttar Pradesh mills for export of 27,000 tonne sugar.
N
India's overnight indexed swaps (OIS) were lower on Monday, helped by the lower-than-expected government
borrowing in the first half of the fiscal year starting April, but tight cash conditions kept the upward pressure on the
short-end. The benchmark five-year swap rate was at 7.94 percent, three basis points lower on the day after easing
to 7.93 percent, its lowest since March 17. The one-year swap rate was at 7.44 percent, down 1 basis point on the
day after easing to 7.42 percent, its lowest since March 18. The government said it would borrow 60 percent of its
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full 2011/12 year borrowing target of 4.17 trillion rupees by end-September.
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company nor its employees are responsible for the trading Profit(es) & loss(es) arising due to the trader. The commodities and
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