NB Daily Technicals Commodity, Precious Metals and Crude

Bullion Technical Outlook

Gold Silver

Commentary Gold prices have easily breached the resistance at 22650 levels and closed positive above the same. Thus the short term trend for gold looks bullish and buying is recommended between 22650-680, targeting 23300 in short term.

Commentary The silver prices achieved our target of 53000 and turned positive closing higher. Thus intraday buying can be done as long as prices sustain above 54000 levels targeting 54650-800. Below 54000 counter looks weak.

Levels for the day

Month S3 S2 S1 R1 R2 R3

Levels for the day

Month S3 S2 S1 R1 R2 R3

Gold

Aug

22450

22550

22650

22725

22850

22980

Silver

Sept

52650

53250

53650

54000

54500

55100

Wednesday, July 13, 2011

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NB Daily Technicals Commodity, Precious Metals and Crude

Base Metals Technical Outlook
Copper Nickel

Commentary The copper prices remained side-ways and closed near previous days high. Thus breaching 435, prices could move further upwards targeting 438-40. Thus buying is recommended above 435.

Commentary The counter almost achieved our target of 1018 and turned upwards closing higher. The indicators are however not looking very positive for the counter. Thus one should avoid buying as long as prices are below 1075.

Levels for the day

Month S3 S2 S1 R1 R2 R3

Levels for the day

Month S3 S2 S1 R1 R2 R3

Copper

Aug

425

429.50

432

438

441

444

Nickel

July

1018

1032

1051

1066

1075

1088

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NB Daily Technicals Commodity, Precious Metals and Crude

Base Metals Technical Outlook
Zinc Crude Oil

Energy Technical Outlook

Commentary The zinc prices formed a bullish engulfing candle, thus fresh buying is recommended above 105.25, targeting 106.50 and 107 for the day.

Commentary The crude prices continued to take support at 4190 and turned positive for the day. Thus fresh buying can be done above 4300 targeting 4350 and 4385 for the day. While selling pressure can emerge below 4300 levels.

Levels for the day

Month S3 S2 S1 R1 R2 R3

Levels for the day

Month S3 S2 S1 R1 R2 R3

Zinc Lead Alu

July July July

102.20 118.80 108.25

103.30 119.50 109.4

104.25 121 110.50

105.25 122.90 111.50

106.50 124 122.25

107.70 125.75 113.50

Crude Oil N Gas

July

4196

4250

4300

4350

4385

4435

July

182

185.5

189

195

198

201

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NB Daily Technicals Commodity, Precious Metals and Crude

Top Pre-Market Trading Strategy for the day

Commodity

Contract

Strategy

Rate

Target 1

Target 2

Target 3

Stop-Loss

Gold Silver Zinc

Aug Sept July

Buy Buy Buy

22650-700 Above 54000 Above 105

22775 54650 106.25

22850 54800 107

22600 53700 104.35

Kunal Shah Research Head Commodity Research E-mail address: kunal.shah@nirmalbang.com Devidas Rajadhikary Technical Analyst E-mail address: devidas.rajadhikary@nirmalbang.com Vikash Bairoliya Research Analyst Precious Metals & Currencies E-mail address: vikash.bairoliya@nirmalbang.com Harshal Mehta, Technical Analyst-E-mail address: harshal.mehta@nirmalbang.com Evelyn Rodrigues Technical Analyst E-mail address: evelyn.rodrigues@nirmalbang.com Sunit Mehta Research Associate Base Metals E-mail address: sunit.mehta@nirmalbang.com Disclaimer
This Document has been prepared by Nirmal Bang Research (A Division of Nirmal Bang Securities PVT LTD). The information, analysis and estimates contained herein are based on Nirmal Bang Research assessment and have been obtained from sources believed to be reliable. This document is meant for the use of the intended recipient only. This document, at best, represents Nirmal Bang Research opinion and is meant for general information only. Nirmal Bang Research, its directors, officers or employees shall not in anyway be responsible for the contents stated herein. Nirmal Bang Research expressly disclaims any and all liabilities that may arise from information, errors or omissions in this connection. This document is not to be considered as an offer to sell or a solicitation to buy any securities. Nirmal Bang Research, its affiliates and their employees may from time to time hold positions in securities referred to herein. Nirmal Bang Research or its affiliates may from time to time solicit from or perform investment banking or other services for any company mentioned in this document.

About Nirmal Bang

Founded in 1986 by Shri Nirmal Bang, the Nirmal bang Group is recognized as one of the largest retail broking houses in India, providing an array of financial products and services. Our retail and institutional clients have access to products such as equities, derivatives, commodities, currency derivatives, mutual funds, IPOs, insurance, depository services and PMS. Throughout our history, we have fostered one overriding purpose to provide each client with personal service and quality of work. By adhering to this principle, we have grown to become a successful and well-respected firm of highly qualified professionals. The Group is headed by Mr. Dilip Bang and Mr. Kishore Bang who bring forward industry expertise, insight and most importantly, create an environment of unmatched commitment to clients. We are registered members of the Bombay Stock Exchange Limited (BSE), National Stock Exchange of India Limited (NSE), Multi Commodity Exchange of India Limited (MCX), National

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