COMMODITIES FUTURES UPDATE AS ON 18TH MARCH 20111

GOLD
INTERNATIO NAL UPDATE
PA R T IC U LA R S

TIME: -10.40 IST

SILVER

CRUDE
CRUDE AS PER EXPECTATION JUMPED ON ARAB CONCERN STILL LOOK FIRM TILL 4850 IN APR

COPPER
COPPER JUMPED AFTER THE CHINA;S BANK UPDATE THT THEY WILL NOT INCERESE THE RATE

RATE 1.4074 45.055 1410.9 34.810 1708 103.08

% 0.39 -0.28 0.51 1.72 0.63 1.61

EURO : RUPEE : GOLD$ : SILVER$ : PLATINUM $ : CRUDE$ :

BULLION WILL BE VOLATILE WITH POSITIVE BOUNCEIN MORNING SESSIO0N

NICKEL
MORNING UP

PEPPER
WEAK

RUPEE
45.56 IS NEXT RESISTANCE RANGE WILL 45.10-45.40

MENTHOL
MORNING UP

STO CKS UPDATE: NAME NASDAQ : SHICOM : STRAITS : NIKKEI : DJ : FTSE : HANSANG : 2225.24 2913.59 2950.68 9245.71 11774.59 5696.11 22445.46 % 1.01 0.56 0.27 3.19 1.39 1.75 0.72

TODAYS MARKET CALLS

BULLION PLEASE TRADE AS PER SMS / YAHOO ALERT AS MKT WILL BE VOLATILE. BULLION / CRUDE WILL BE VOLATILE ON JAPANS AND ARAB UPDATE. BE ALERT AND TRADE

L ME STO CKS Co m m o dity COPPER ALUMINIUM NICKEL LEAD TIN ZINC L a st 428800 4619400 125598 289500 18090 733475 Ne t 1825 -1050 -972 -425 -35 -100

BUY GOLD APR @ 20680-700 SL 20650 TGT 20738-20775-20805.MCX BUY SILVER MAY ABV 52200 SL 51950 TGT 52360-52520-52680.MCX BUY CRUDE APR ABV 4675 SL 4645 TGT 4700-4730-4756.MCX BUY ZINC MAR ABV 105.50 SL 104.80 TGT 106.20-106.80-107.40.MCX BUY NICKEL @ 1178-1180 SL 1170 TGT 1188-1195-1200.MCX BUY GUARSEED APR @ 2850-2860 SL 2820 TGT 2885-2902.NCDEX BUY PEPPER APR @ 23000-23080 SL 22880 TGT 23180-23340.NCDEX

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BUY MENTHOL MAR ABV 1255 SL 1248 TGT 1260-1268-1275.MCX SELL SOYABEAN APR @ 2340-2350 SL 2370 TGT 2318-2290-2270.NCDEX SELL CHANA APR @ 2535-2545 SLABV 2568 TGT 2512-2490-2472.NCDEX SELL JEERA APR @ 16550 SL 16720 TGT 16380-16220-16080.NCDEX BUY NAT.GAS MAR @ 184 SL 181.50 TGT 186.50-188.80-190.50.MCX BUY ALUMINIUM MAR @ 112 SL 111.20 TGT 113.20-114.20.MCX SELL REF.SOYA OIL APR BELOW 609 SL 612.50 TGT 604.80-600.50.NCDEX BUY CPO MAR @ 518 SL 514.80 TGT 520.50-522.80.MCX SELL WHEAT APR @ 1169 SL 1174 TGT 1164-1160-1156.50.NCDEX (1-2 DAYS) BUY RMSEED APR @ 2700-2703 SL 2690 TGT 2718-2728..NCDEX MENTHA OIL SPREAD BUY MAR SELL MAY ENTRY: -260 SL: -240 TGT -300 / -320.MCX CRUDE SPREAD: BUY MAR SELL APR ENTRY: 84 SL 104 TGT 64-45-25.MCX

LEVELS AND DETAILS OF ALL COMMODITY

NAM E

OPEN

HIGH

LOW

CLOSE

OPEN INT

Change Change Volume in Rs. in %

R SI ( 18 D A Y S )

E N E R G Y C O M P LE X C R UD E O IL

MARCH APRIL
IN T R A - D A Y LEV EL F O R M ARCH

4435 4527 Support

R e s is t a nc e

4608 4678 Sup-1 4478 Res-1 4651

4435 4513 Sup-2 4370 Res-2 4716

4586 4658 Sup-3 4305 Res-3 4824

17926 6875 P.POINT

142 141

3.1 3.03

158529 17559

57 56.03

POSITIVE 4543

M ON TH

N A T UR A L G A S

MARCH APRIL
IN T R A - D A Y LEV EL F O R

179.7 184 Support

R e s is t a nc e

187.4 192.5 Sup-1 181.2 Res-1 189.8

178.8 184 Sup-2 175.7 Res-2 192.9

186.7 191.8 Sup-3 172.6 Res-3 198.4

9249 2532 P.POINT

7.4 7.3

3.96 3.81

35897 3674

53.36 53.65

M ARCH M ON T H

POSITIVE 184.3

B A S E M E T A L C O M P LE X C OP P ER

APRIL JUNE
IN T R A - D A Y LEV EL F O R

422.1 426.5 Support

437.9 442.25 Sup-1 425.43 Res-1

420.8 425.45 Sup-2 414.57 Res-2 448.77

436.3 440.8 Sup-3 408.33 Res-3 459.63

24494 3775 P.POINT

14.65 14.55

3.36 3.3

148679 11198

48.55 49.28

A P R IL R e s is t a nc e M ON T H

POSITIVE 431.667

442.53

Z IN C

MARCH APRIL
IN T R A - D A Y LE V E L M ARCH

103.5 104.9 Support

R e s is t a nc e

105.9 107.2 Sup-1 103.3 Res-1 106.35

102.85 104.25 Sup-2 101.55 Res-2 107.65

105.05 106.5 Sup-3 100.25 Res-3 109.4

N IC KE L

8554 1362 P.POINT

1.5 1.6

1.43 1.5

23069 2209

40.34 39.98

POSITIVE 104.6

M ON T H

MARCH APRIL
IN T R A - D A Y LEV EL F O R

1135.7 1148 Support

R e s is t a nc e

1178.5 1186 Sup-1 1146 Res-1 1190.3

1134.2 1142.5 Sup-2 1118 Res-2 1206.6

1174.1 1182.8 Sup-3 1101.7 Res-3 1234.6

LE A D

7372 1458 P.POINT

40 39.4

3.41 3.33

60958 3400

39.42 37.34

M ARCH M ON T H

POSITIVE 1162.27

MARCH APRIL
IN T R A - D A Y LEV EL F O R

117 117.3 Support

R e s is t a nc e

121.25 121.05 Sup-1 118.15 Res-1 122.4

117 117.1 Sup-2 115.45 Res-2 123.95

120.85 120.6 Sup-3 113.9 Res-3 126.65

8265 1373 P.POINT

4 3.6

3.31 2.99

32155 2276

59.01 59.48

M ARCH M ON T H

POSITIVE 119.7

A LUM IN IUM

MARCH
IN T R A - D A Y LEV EL F O R

111.5 Support
R e s is t a nc e

113.7 Sup-1 111.73 Res-1 114.53

110.9 Sup-2 109.92 Res-2 115.52

113.55 Sup-3 108.93 Res-3 117.33

2502 P.POINT

2.45

2.16

6719

46.19

M ARCH M ON T H

POSITIVE 112.717

NAM E

OPEN

HIGH

LOW

CLOSE

OPEN INT

Change Change Volume in Rs. in %

R SI ( 18 D A Y S )

M C X - O T H ER IT EM S C A R D A M OM

APRIL
IN T R A - D A Y LEV EL F OR

1146 Support
R es ist a nc e

1153 Sup-1 1107.9 Res-1 1147.6

1113.3 Sup-2 1090.8 Res-2 1170.2

1125.1 Sup-3 1068.2 Res-3 1187.3

1500 P.POINT

-15.5

-1.38

1235

37.44

A P R IL M ON T H

WEAK 1130

M EN T H O L - O IL

MARCH APRIL
IN T R A - D A Y LEV EL F OR

1230 1069.7 Support

R es ist a nc e

1257.6 1112.2 Sup-1 1230.9 Res-1 1261.4

1227.1 1068 Sup-2 1213.7 Res-2 1274.7

1248 1101.9 Sup-3 1200.4 Res-3 1291.9

6608 1035 P.POINT

12.1 31.2

0.97 2.83

2779 1425

68.48 54.16

M ARCH M ON T H

POSITIVE 1244.23

R EF .SO Y A O IL

APRIL MAY
IN T R A - D A Y LEV EL F OR

607 611.7 Support

R es ist a nc e

612 618 Sup-1 606.73 Res-1 613.53

605.2 611.05 Sup-2 602.57 Res-2 616.17

610.9 616.15 Sup-3 599.93 Res-3 620.33

92370 45510 P.POINT 609.367

3.9 3.05

0.64 0.5

119780 53360

37.07 37.11

A P R IL M ON T H

POSITIVE

C R UD E P A LM O IL

MARCH APRIL
IN T R A - D A Y LEV EL F OR

518.1 518 Support

R es ist a nc e

522.8 524 Sup-1 517.93 Res-1 522.73

518 518 Sup-2 515.57 Res-2 525.17

520.3 521.7 Sup-3 513.13 Res-3 527.53

1781 3296 P.POINT

1.2 1.2

0.23 0.23

339 1045

35.51 36.88

M ARCH M ON T H

WEAK 520.367

P OT A T O - A GR A

APRIL
IN T R A - D A Y LEVE L A P R IL

608.3 Support
R es ist a nc e

624.8 Sup-1 609.47 Res-1 627.77

606.5 Sup-2 598.83 Res-2 635.43

620.1 Sup-3 591.17 Res-3 646.07

1395 P.POINT

11.4

1.84

1650

36.32

POSITIVE 617.133

M ON T H

NAM E

OPEN

HIGH

LOW

CLOSE

OPEN INT

Change Change Volume in Rs. in %

R SI ( 18 D A Y S )

N C D E X A G R O IT E M S M C X - S UG A R M

APRIL MAY
IN T R A - D A Y LEV EL F OR

2820 2912 Support

R e s is t a nc e

2825 2912 Sup-1 2803.7 Res-1 2822.7

2806 2875 Sup-2 2795.3 Res-2 2833.3

2812 2884 Sup-3 2784.7 Res-3 2841.7

C H ILLI

29040 7500 P.POINT

-9 -9

-0.32 -0.31

14420 1220

34.67 61.9

A P R IL M ON T H

WEAK 2814.33

APRIL JUNE
IN T R A - D A Y LE V E L A P R IL

9300 10088 Support

R e s is t a nc e

9450 10150 Sup-1 9286 Res-1 9444

9292 9976 Sup-2 9210 Res-2 9526

9362 10034 Sup-3 9128 Res-3 9602

G UA R G UM

9590 5300 P.POINT

-28 -90

-0.3 -0.9

3390 1670

42.6 58.91

WEAK 9368

M ON T H

APRIL MAY
IN T R A - D A Y LEV EL F OR

7890 8080 Support

R e s is t a nc e

8180 8371 Sup-1 7916 Res-1 8216

7880 8075 Sup-2 7748 Res-2 8348

8084 8371 Sup-3 7616 Res-3 8516

19565 34520 P.POINT

219 322

2.68 3.85

21570 9930

51.08 53.24

A P R IL M ON T H

POSITIVE 8048

G UA R S E E D

APRIL MAY
IN T R A - D A Y LEV EL F OR

2780 2834 Support

R e s is t a nc e

2890 2936 Sup-1 2815.3 Res-1 2925.3

2780 2825 Sup-2 2742.7 Res-2 2962.7

2888 2933 Sup-3 2705.3 Res-3 3035.3

189420 25480 P.POINT

110 110

3.81 3.75

276350 18410

51.5 51.22

A P R IL M ON T H

POSITIVE 2852.67

P EP P ER

APRIL MAY JUNE

IN T R A - D A Y LEV EL F OR

23350 23647 23979 Support

R e s is t a nc e

23738 24019 24299 Sup-1 23032 Res-1 23710

23060 23351 23700 Sup-2 22707 Res-2 24063

23357 23695 24013 Sup-3 22354 Res-3 24388

JEER A

9227 1012 167 P.POINT

80 99 -5

0.34 0.42 -0.02

13454 1000 182

51.87 52.74 53.3

A P R IL M ON T H

WEAK 23385

APRIL MAY JUNE

IN T R A - D A Y LEV EL F OR

16340 16701 16980 Support

R e s is t a nc e

16575 16890 17225 Sup-1 16267 Res-1 16630

16212 16614 16950 Sup-2 16058 Res-2 16784

16476 16812 17129 Sup-3 15904 Res-3 16993

18171 9669 471 P.POINT

191 132 170

1.16 0.79 0.99

12570 2385 204

48.88 61.14 90.71

A P R IL M ON T H

POSITIVE 16421

NAM E

OPEN

HIGH

LOW

CLOSE

OPEN INT

Change Change Volume in Rs. in % -64 -172 -0.62 -1.79 4135 1300

R SI ( 18 D A Y S )

T UR M E R IC

APRIL MAY
IN T R A - D A Y LEV EL F OR

10260 9756 Support

R e s is t a nc e

10448 9768 Sup-1 10089 Res-1 10457

10080 9574 Sup-2 9900.7 Res-2 10637

10278 9604 Sup-3 9721.3 Res-3 10825

7425 4915 P.POINT

51.6 46.75

A P R IL M ON T H

POSITIVE 10268.7

M US T A R D S E E D

APRIL MAY
IN T R A - D A Y LEV EL F OR

2717 2761 Support

R e s is t a nc e

2737 2781 Sup-1 2708.3 Res-1 2742.3

2703 2746 Sup-2 2688.7 Res-2 2756.7

2728 2770 Sup-3 2674.3 Res-3 2776.3

64710 116840 P.POINT 2722.67

21 22

0.77 0.79

53920 74280

33.15 33.71

A P R IL M ON T H

POSITIVE

N C D E X - WH E A T

APRIL MAY
IN T R A - D A Y LEV EL F OR

1167 1181 Support

R e s is t a nc e

1171 1185 Sup-1 1166.6 Res-1 1171.6

1166 1180 Sup-2 1163.8 Res-2 1173.8

1169.4 1184.4 Sup-3 1161.6 Res-3 1176.6

9180 31870 P.POINT

3.6 6

0.31 0.51

920 1020

35.45 38.12

A P R IL M ON T H

POSITIVE 1168.8

N C D E X - WH E A T

APRIL MAY
IN T R A - D A Y LEV EL F OR

1167 1181 Support

R e s is t a nc e

1171 1185 Sup-1 1166.6 Res-1 1171.6

1166 1180 Sup-2 1163.8 Res-2 1173.8

1169.4 1184.4 Sup-3 1161.6 Res-3 1176.6

9180 31870 P.POINT

3.6 6

0.31 0.51

920 1020

35.45 38.12

A P R IL M ON T H

POSITIVE 1168.8

SOYA B EA N

APRIL MAY
IN T R A - D A Y LEV EL F OR

2320.5 2342.5 Support

R e s is t a nc e

2338 2369 Sup-1 2313 Res-1 2341

2310 2338.5 Sup-2 2297.5 Res-2 2353.5

2328.5 2357 Sup-3 2285 Res-3 2369

G UR

199380 142690 P.POINT

14.5 15.5

0.62 0.66

90970 39690

35.54 36.1

A P R IL M ON T H

POSITIVE 2325.5

JULY SEPT
IN T R A - D A Y LEV EL F OR

1002.5 1020 Support

R e s is t a nc e

1009 1036 Sup-1 998.33 Res-1 1011.3

996 1019 Sup-2 990.67 Res-2 1016.7

1006 1026 Sup-3 985.33 Res-3 1024.3

9080 1250 P.POINT

4.5 3

0.45 0.29

2610 180

49.54 48.3

J ULY M ON T H

POSITIVE 1003.67

TODAYS DATA
TIME All Day 12:30pm 2:30pm 2:30pm 3:30pm 0 0 0 0 0 0 0 0
C U R R EN C Y

ALL EUR EUR EUR EUR 0 0 0 0 0 0 0 0

DATA G7 Meetings German PPI m/m Current Account Italian Trade Balance Trade Balance 0 0 0 0 0 0 0 0

Forecast 0 0.007 -10.6B -1.98B -2.0B 0 0 0 0 0 0 0 0

Previous 0 0.012 -13.3B -2.72B -2.3B 0 0 0 0 0 0 0 0

KING OF MARKET: - GOLD, SILVER & CRUDE

COMMODITIES GOLD APR SILVER MAY COPPER APR CRUDE MAR CRUDE $ GOLD $ SILVER $

Close Resistance

Support

20722 20922 20858 20802 20765 20680 20624 20578 20532

52100 53240 52922 52610 52380 51880 51592 51380 51045

436.30 443.60 440.80 439.20 437.80 432.80 430.10 427.60 424.20

4586 4735 4698 4656 4622 4546 4502 4471 4434

103.25 106.80 105.20 104.40 103.80 102.70 101.60 100.98 99.20

1410.66 1424.80 1422.10 1417.40 1412.60 1406.40 1402.80 1398.40 1392.20

34.74 35.85 35.60 35.22 34.98 34.56 34.22 33.95 33.68

Special Remark

BULLION WILL BE VOLATILE MORNING LOOK FIRM

WAIT

CRUDE AS PER EXPECTATION JUMPED LOOK FIRM TILL 4850 IN APR

GOLD RECOVERED AS CRUDE RECOVERED CAN TEST 1418$

NEWS YOU CAN USE

The recent increase in broker-level open interest (OI) limits by the regulator will help attract more actual users to commodity futures exchanges. Open interest or outstanding buy or sell positions, has been increased from three times to five times the client limits in select farm and non-farm commodities. In certain products such as gold, soyabean and jeera, client limits have also been increased, allowing actual users with greater exposure to hedge themselves more effectively. In gold the broker-level OI has been increased to 12.5 tonne and the client limit from 2 tonne to 2.5 tonne. In soyabean, the broker limit has been increased to 100,000 tonne from 30,000 tonne and the client limit doubled from 10,000 tonne to 20,000 tonne. An exchange official requesting anonymity said that the Forward Markets Commission, the regulator of commodity futures trading, okayed the long-standing demand of commexes such as NCDEX and MCX by introducing higher member limits in certain commodities for the first time. However, some corporate clients in the non-farm business feel the duration and amount of exposure that local commexes offer are simply not good enough for large corporates to hedge themselves on the platform. Kerala's commodity exporters fear shipments to Japan will take a major hit in the coming months as the tsunami-ravaged nation focusses its energy on rescue and relief operations. Japan is a big market for Kerala's premium commodities such as cashew and shrimp. Exporters fear Japan might cut down on the consumption of luxury food till the country comes to terms with the disaster. Seafood exports to Japan stood at `1,358 crore during the April-toDecember period of the current fiscal. Japan is a major consumer of seafood varieties such as shrimp, cuttle fish and squid shipped from the state. "We were planning to shift our attention from the European Union to the Japanese market," said a spokesman of the industry. Spices exports will take a knock as Japan buys some quantities of pepper and cardamom which are among the major cash crops in the state. But the impact will not be as adverse as for value-added spice products such as oleoresins and spice oils as Japan is a significant market for such products. Japan still accounts for limited quantities of cardamom going from Kerala , a Spices Board official said. Kerala's rubber traders would like to see the fall in the commodity prices as a temporary phenomenon. Prices have crashed following speculation that production at auto plants in Japan would be hit. The price of sugar could shoot up once again, this time on account of the government, with the Finance Bill proposing to omit the commodity from the Schedule of Additional Duties of excise (goods and Special Importance) Act, 1957. The change, which will come into effect on enactment of the Finance Bill, will empower state governments to impose VAT on sugar at a maximum 5% rate, in addition to the existing excise duty. Currently, that stands at Rs 38/qtl for levy sugar and Rs 71/qtl for free sale sugar, the level at which it has remained since 2006. An exercised sugar industry has now written to food minister Thomas and the finance ministry urging that the provision be withdrawn at the earliest. "We'll have to pass on the hike in price on account of the

VAT, which is different for different states, to the consumer at a time when the market price is already much lower than the production price," Indian Sugar Mills Association (ISMA) director general A Verma told. According to ISMA , if states choose to levy the maximum of 5% VAT on sugar in addition to the existing excise duty, the total levy (excise plus VAT) on free sale sugar (on an assumed price of Rs 3000/qtl) could be as high as Rs 221/qtl. Of this, VAT alone could total up to Rs 150/qtl. Cotton output in India, the worlds second-largest producer, may rise to a record for a second straight year as a rally in prices spurs farmers to boost planting, traders said. Output could reach 40 million bales in the 2011-2012 season, said Parth Mehta, joint managing director of Bhadresh Trading Corp, the nations top cotton exporter. India will produce its biggest ever crop in the current season that began October 1, according to a Cotton Advisory Board estimate. Cotton futures surged 92 per cent in 2010, the biggest gain since 1973. The fibre is the top-performing commodity on the S&P GSCI Commodity Index in the past 12 months, ahead of silver and coffee. Prices slumped by the exchange limit of seven cents to $1.9 yesterday on signs demand from China may ease. Production in India is forecast to rise to 31.2 million bales in the current season, the Cotton Advisory Board predicted in February. That compares with 29.5 million bales last year and the record 30.7 million bales set in the 2007-2008 season. Farmers sowed 11.16 million hectares of cotton this season, the biggest ever crop. The area planted with cotton in Pakistan, the fourth-biggest grower, may widen 10 per cent in the new season, Muhammad Atif Dada, chairman of the Karachi Cotton Association, said at a conference in Dubai on Tuesday.

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